TC Pipelines LP (TC Pipelines LP) LT-Debt-to-Total-Asset : 0.56 (As of Dec. 2020)

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What is TC Pipelines LP LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. TC Pipelines LP's long-term debt to total assests ratio for the quarter that ended in Dec. 2020 was 0.56.

TC Pipelines LP's long-term debt to total assets ratio declined from Dec. 2019 (0.66) to Dec. 2020 (0.56). It may suggest that TC Pipelines LP is progressively becoming less dependent on debt to grow their business.

TC Pipelines LP LT-Debt-to-Total-Asset Historical Data

The historical data trend for TC Pipelines LP's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TC Pipelines LP LT-Debt-to-Total-Asset Chart

TC Pipelines LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.55

0.66

0.72

0.66

0.56

TC Pipelines LP Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.66	0.65	0.59	0.57	0.56

TC Pipelines LP LT-Debt-to-Total-Asset Calculation

TC Pipelines LP's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	1768	/	3145
	=	0.56

TC Pipelines LP's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (Q: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2020 )	/	Total Assets (Q: Dec. 2020 )
	=	1768	/	3145
	=	0.56

TC Pipelines LP (NYSE:TCP) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

TC Pipelines LP LT-Debt-to-Total-Asset Related Terms

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TC Pipelines LP (TC Pipelines LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TC Pipelines LP (NYSE:TCP) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

700 Louisiana Street, Suite 700, Houston, TX, USA, 77002-2761

Website

http://www.tcpipelineslp.com

TC Pipelines LP acquires, owns and participates in the management of energy infrastructure businesses in North America. The company's pipeline systems transport natural gas in the United States. It owns interests in several natural gas pipeline systems through three intermediate limited partnerships (ILPs). The company earns revenue by charging rates for transporting natural gas.

Executives

Malyn K Malquist	director	10653 S. RIVER FRONT PARKWAY, SUITE 300, SOUTH JORDAN UT 84095
Peggy A Heeg	director	1001 LOUISIANA STREET STE 5100 HOUSTON TX 77002
Jack Stark	director	700 LOUISIANA STREET, HOUSTON TX 77002-2700
Walentin Mirosh	director	PO BOX 2518, STATION M, CALGARY A0 T2P 5C6
Burton Cole	officer: Controller	500 DALLAS STREET, SUITE 2000, HOUSTON TX 77002
Alisa M Williams	officer: Vice-President, Taxation	700 LOUISIANA STE 700 HOUSTON TX 77002
Chapman Stanley G Iii	director	5151 SAN FELIPE STREET SUITE 2500 HOUSTON TX 77056
Nadine E Berge	director	450 1ST STREET SW CALGARY A0 T2P5H1
Sean M Brett	director	450 - 1 STREET S.W. CALGARY A0 T2P 5H1
Nancy F Priemer	officer: Vice-President, Taxation	700 LOUISIANA STREET SUITE 700 HOUSTON TX 77002
Brandon M Anderson	director, officer: President	700 LOUISIANA STREET SUITE 700 HOUSTON TX 77002
Janine Michele Watson	officer: VP and General Manager	450 - 1 STREET S.W. CALGARY A0 T2P 5H1
Sandra P. Ryan-robinson	officer: Principal Fin Off & Controller	450 - 1 STREET SW CALGARY A0 T2P 5H1
Nathaniel Alan Brown	officer: Principal Fin Off & Controller	717 TEXAS STREET HOUSTON TX 77252-2446
Kristine L Delkus	director	450-1ST STREET SW CALGARY ALBERTA CANADA A0 T2P 5H1