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The latest update is out from TC Energy ( (TSE:TRP) ).
In its latest financial disclosure, TransCanada PipeLines Limited reported that for the year ending December 31, 2024, its earnings coverage ratio stood at 2.4 times. This ratio indicates the company’s ability to meet its interest obligations on long-term debt and current liabilities, which totaled approximately $3.403 billion. The company generated earnings before interest and taxes of $8.237 billion during this period, showcasing a solid financial footing to meet its debt obligations, which could positively impact its financial stability and investor confidence.
More about TC Energy
TC Energy, through its subsidiary TransCanada PipeLines Limited, operates in the energy sector, focusing primarily on natural gas and oil pipelines, power generation, and energy storage. The company is a significant player in North America’s energy infrastructure market, serving as a key transporter of natural gas and oil across Canada, the United States, and Mexico.
YTD Price Performance: 0.06%
Average Trading Volume: 2,170,551
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $49.15B
Learn more about TRP stock on TipRanks’ Stock Analysis page.
