TC PipeLines Balance Sheet - Quarterly (NYSE:TCP)

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$32.82 $0.13 (0.4%) TCP stock closing price Aug 14, 2018 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like TC PipeLines, and helps in stock analysis. As in our TC PipeLines stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Apart from analyzing TC PipeLines revenue TC PipeLines operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The TC PipeLines balance sheet for 2018 Q2 shows cash on hand of $51M. The company has a debt to equity ratio of 2.12.

View and download TC PipeLines quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash51M68M33M73M51M60M50M72M40M48M
Marketable Securities----------
Receivables40M50M42M35M37M36M40M35M35M36M
Inventory8M7M8M7M7M7M7M7M7M7M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable--------4M6M
Other Current Assets9M18M7M6M5M4M5M---
Total Current Assets
108M143M90M121M100M107M102M114M86M97M
Property Plant & Equipment--3.3B---2.77B---
Accumulated Depreciation--1.18B---892M---
Net Property Plant & Equipment
2.09B2.11B2.12B2.13B2.15B1.87B1.88B1.9B1.91B1.93B
Investment & Advances1.21B1.22B1.21B1.21B1.14B1.06B1.04B1.04B1.05B1.08B
Other Non-Current Assets----------
Deferred Charges----------
Intangibles130M130M130M130M130M130M130M130M130M130M
Deposits & Other Assets11M9M3M--1M1M---
Total Assets
3.55B3.6B3.56B3.59B3.52B3.17B3.16B3.18B3.18B3.24B
Notes Payable----------
Accounts Payable33M43M37M36M62M30M34M33M31M28M
Current Portion Long-Term Debt36M45M51M51M57M23M23M27M15M14M
Current Portion Capital Leases----------
Accrued Expenses12M21M12M21M11M13M9M13M9M13M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
81M109M100M108M130M66M66M73M55M55M
Mortgages----------
Deferred Taxes/Income10M10M10M10M10M-----
Convertible Debt----------
Long-Term Debt2.27B2.33B2.35B2.43B2.33B1.79B1.84B1.9B1.94B2.06B
Non-Current Capital Leases----------
Other Long-Term Liabilities28M29M29M28M28M28M28M28M29M28M
Total Liabilities
2.39B2.48B2.49B2.57B2.5B1.88B1.93B2B2.02B2.14B
Minority Interest----------
Preferred Stock----------
Common Stock Net1.03B1B958M916M915M1.22B1.15B1.1B1.08B1.1B
Capital Surplus----------
Retained Earnings----------
Treasury Stock----------
Other Liabilities126M121M110M102M100M65M83M80M78M-4M
Shareholders Equity1.16B1.12B1.07B1.02B1.02B1.29B1.23B1.18B1.15B1.1B
Total Liabilities & Shareholders Equity3.55B3.6B3.56B3.59B3.52B3.17B3.16B3.18B3.18B3.24B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at TC PipeLines historical stock prices and the current TC PipeLines stock price can tell you how the stock price has moved, whereas the TC PipeLines PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: An asset is a resource that a corporation like TC PipeLines owns and has monetary significance. TCP assets decreased from $3.6B in 2018 Q1 to $3.55B in 2018 Q2. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: The total liabilities of TC PipeLines for the quarter 2018 Q2 total to $2.39B. Liabilities for a company like TC PipeLines include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

TC PipeLines Balance Sheet - Key Ratios

Current ratio
1.31
Debt to equity ratio
2.12
Asset turnover ratio
0.13
Receivables turnover
10.63
Price to book ratio
2.17