TC Energy (XBUL:TRS) Interest Expense : лв-3,531 Mil (TTM As of Sep. 2024)

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What is TC Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TC Energy's interest expense for the three months ended in Sep. 2024 was лв -860 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was лв-3,531 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. TC Energy's Operating Income for the three months ended in Sep. 2024 was лв 2,207 Mil. TC Energy's Interest Expense for the three months ended in Sep. 2024 was лв -860 Mil. TC Energy's Interest Coverage for the quarter that ended in Sep. 2024 was 2.57. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TC Energy Interest Expense Historical Data

The historical data trend for TC Energy's Interest Expense 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.

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TC Energy Interest Expense Chart

TC Energy Annual Data

Trend

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Dec23

Interest Expense

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-2,547.48

-2,667.01

-2,929.09

-2,989.93

-3,580.97

TC Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-963.95	-841.85	-934.73	-894.69	-859.87

TC Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was лв-3,531 Mil.

TC Energy (XBUL:TRS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TC Energy's Interest Expense for the three months ended in Sep. 2024 was лв-860 Mil. Its Operating Income for the three months ended in Sep. 2024 was лв2,207 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was лв92,797 Mil.

TC Energy's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	2207.354	/	-859.865
	=	2.57

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. TC Energy Corp interest coverage is 2.7, which is low.

TC Energy Business Description

Industry

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Address

450 - 1st Street SW, Calgary, AB, CAN, T2P 5H1

Website

https://www.tcenergy.com

TC Energy operates natural gas, oil, and power generation assets in Canada and the United States. The firm operates more than 60,000 miles of oil and gas pipelines, more than 650 billion cubic feet of natural gas storage, and about 4,300 megawatts of electric power.