TRP (TC Energy) Total Current Assets: $4,977 Mil (As of Mar. 2026)

What is TC Energy Total Current Assets?

TC Energy TRP -2.91% 71 Total Current Assets is $4,977 Mil as of Mar. 2026. GuruFocus rates TRP with a GF Score™ of 71/100 and a GF Value™ of $51.72 (Modestly Overvalued). The stock has 12 warning signs investors should review.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. TC Energy's total current assets for the quarter that ended in Mar. 2026 was $4,977 Mil.

TC Energy (NYSE:TRP) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

TC Energy's Liquidation Value for the quarter that ended in Mar. 2026 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	789.359	-	60983.965	+	0.75 * 1734.694	+	0.5 * 624.636
=	-58,581

* 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.

TC Energy Total Current Assets Related Terms

TC Energy Total Current Assets Historical Data

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The historical data trend for TC Energy's Total Current Assets can be seen below:

TC Energy Total Current Assets Chart

TC Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Total Current Assets

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5,799.22

5,397.13

8,476.45

4,024.01

4,578.47

TC Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Total Current Assets	Get a 7-Day Free Trial															5,065.48	5,221.69	5,622.38	4,578.47	4,976.68

71GF Score

TC Energy Corp TRP

Total Current Assets is just one metric. See GF Score™, valuation, warning signs, and more.

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TC Energy Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

TC Energy's Total Current Assets for the fiscal year that ended in Dec. 2025 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	121.783	+	3092.425	+	566.872	+	797.39
	=	4,578

TC Energy's Total Current Assets for the quarter that ended in Mar. 2026 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	789.359	+	1734.694	+	624.636	+	1827.987
	=	4,977

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Frequently Asked Questions Learn more about Total Current Assets →

What does a Total Current Assets of $4,977 Mil mean?

TC Energy (TRP) has a Total Current Assets of $4,977 Mil as of Mar. 2026. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for TC Energy and its competitors.

Is TC Energy's Total Current Assets too high?

TC Energy's current Total Current Assets is $4,977 Mil. Overall, TC Energy has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does TC Energy's Total Current Assets compare to WMB and EPD?

TC Energy's Total Current Assets of $4,977 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Total Current Assets for an Oil & Gas company?

A good Total Current Assets depends on the Oil & Gas industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Total Current Assets mean?

A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for TC Energy and its competitors. TC Energy's current Total Current Assets is $4,977 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TC Energy stock overvalued right now?

Based on GuruFocus' analysis, TC Energy (TRP) is currently considered Modestly Overvalued. The stock's GF Value™ is $51.72, compared to a current price of $66.51 — trading 28.6% above its estimated fair value. The current Total Current Assets is $4,977 Mil. TC Energy's overall GF Score™ is 71/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Current Assets calculated?

Total Current Assets is calculated from a company's financial statements. For TC Energy (TRP), the current Total Current Assets is $4,977 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TC Energy (TRP) Overvalued in 2026?

Based on GuruFocus' analysis, TC Energy stock appears to be overvalued. The current stock price of $66.51 is trading 28.6% above its estimated GF Value™ of $51.72. GuruFocus considers TC Energy to be Modestly Overvalued.

Key valuation signals for TRP:

Total Current Assets: $4,977 Mil
GF Value™: $51.72 vs. price of $66.51 (28.6% above fair value)
GF Score™: 71/100 with 12 warning signs

No single metric tells the full story. See the TRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TC Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:PPL TSX:ENB TSX:KEY TSX:ALA TSX:SOBO TSX:GEI TSX:TPZ TSX:TWM TSXV:ATLE TSXV:SRR WMB EPD KMI ET TRGP MPLX OKE LNG CQP VG

Other Exchanges TCANF.PFD:USA TRPN:Mexico TRS:Germany TRP.PR.H.PFD:Canada TRP.PR.F.PFD:Canada TRP.PR.L.PFD:Canada TRP.PR.D.PFD:Canada TRP.PR.C.PFD:Canada TRP.PR.B.PFD:Canada TRP.PR.A.PFD:Canada TRP:Canada

Address 450 - 1 Street S.W, TC Energy Tower, Calgary, AB, CAN, T2P 5H1

Website https://www.tcenergy.com

TC Energy operates natural gas transmission assets across North America. Segments are determined by country of operation, but both Canadian and US operations are interconnected. Mexican operations are disconnected from the US and only have one customer, the state utility CFE. They also operate power generation assets, with the largest being the Bruce Power nuclear plant.

71GF Score

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$66.51

Price

$51.72

GF Value

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