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TCPA · NYSE · United States · Natural Gas Transmission
In shortTRANSCANADA PIPELINES LTD is profitable, burns cash and carries moderate debt, with revenue growing (+7.2% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 34.8% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 23.1% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 14.0% | 70/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 6.5% | 43/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.37× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.55× | 25/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 5.00× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.19× | 7/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.25 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -16.5% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.72× | 0/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 3.1% | 100/100 |
| Operating margin volatility | 16.6% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 9.7% | 71/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2017 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CAD millions; negative values in parentheses.
| Fiscal year | FY13 | FY14 | FY15 | FY16 | FY17 |
|---|---|---|---|---|---|
| Revenue | 8,797 | 10,185 | 11,353 | 12,547 | 13,449 |
| Operating income | 3,473 | 3,931 | 101 | 2,313 | 4,684 |
| Interest expense | 1,046 | 1,235 | 1,398 | 1,927 | 2,137 |
| Pre-tax income | 2,499 | 2,824 | (1,105) | 922 | 3,237 |
| Income tax | 605 | 830 | 35 | 349 | (107) |
| Net income | 1,789 | 1,843 | (1,146) | 321 | 3,106 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
0.25 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Feb 16, 2018