Altman Z Score analysis of TC Energy Corp, Value 0.235

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Altman Z Score Analysis of TC Energy Corp - Deep Dive

Birds's Eye

WARN : Please note that some of the values may not be in base currency

Latest FY Altman Z Score

Period Ending - Dec-23

0.235

Poor Altman Z Score

Period Ending - Dec-22

0.142

Poor Altman Z Score

Growth

65.28 %

Latest Altman Z Score

Period Ending - 31-May-24

0.514

Poor Altman Z Score

Key Inputs in Deriving Altman Z Score

(Net Working Capital / Total Assets ) * 1.2 ( -44.50 Cr / 12503.40 Cr ) * 1.2	-0.0043
(Retained Earning / Total Assets ) * 1.4 ( -299.70 Cr / 12503.40 Cr ) * 1.4	-0.0336
(EBIT / Total Assets ) * 3.3 ( 550.40 Cr / 12503.40 Cr ) * 3.3	0.145
(Total Revenue / Total Assets ) ( 1593.40 Cr / 12503.40 Cr )	0.127
(Market Cap / Total Liabilities ) .6 ( 4000.56 Cr / 8602.60 Cr ) .6	0.279
Altman Z Score	0.514

Altman Z Score Analysis of TC Energy Corp

Altman Z Score Ratio with value of 0.366 was highest in Year Dec-19 in last Five Years.
Altman Z Score Ratio with value of 0.142 was lowest in Year Dec-22 in last Five Years.
Latest Altman Z Score Ratio with value of 0.235 is lower than Average Altman Z Score of 0.270 in last five years.

Other Altman Z Score Related Info of TRP that may interest you.

TC Energy Corp Overview

Code	Price	Previous Price	Price Change	Sector
TRP	38.56	37.88	1.80 %	Oil & Gas Midstream

Fundamental Analysis Technical Analysis

Defination of Altman Z Score

Altman Z Score is a widely used metric by analysts and investors to analyze companies' financial position. It indicates that the companies' risks were increasing, and they may have been heading towards bankruptcy. It does not only indicate whether companies are moving towards bankruptcy, but it also indicates how financially stable and healthy they are. more ..

Altman Z Score Related Ratios

PiotroskiFScore

DebtToEquityRatio

Tsr Stability Index


Very Low Stability Stock

FY - Historical Altman Z Score of TC Energy Corp

Period	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17
Altman Z Score	0.235	0.142	0.255	0.353	0.366	0.295	0.304
Change	65.28 %	-44.25 %	-27.89 %	-3.44 %	24.24 %	-3.23 %	22.27 %

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FY Chart of Altman Z Score of TC Energy Corp

Note : All Data Generated at the End of Trading Hours (EOD Data)