Is TC ENERGY CORP (TRP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 91.4% / 30% | 0.3% / 30% | 6.4% / 30% | 1.35% / 5% | ✗ NOT HALAL |
| DJIM | 91.4% / 33% | 0.3% / 33% | 6.4% / 33% | 1.35% / 5% | ✗ NOT HALAL |
| MSCI | 51.1% / 33% | 0.1% / 33% | 3.6% / 33% | 1.35% / 5% | ✗ NOT HALAL |
| S&P | 91.4% / 33% | 0.3% / 33% | 6.4% / 33% | 1.35% / 5% | ✗ NOT HALAL |
| FTSE | 51.1% / 33% | 0.1% / 33% | 3.6% / 50% | 1.35% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 69.0% | |
| Operating Margin | 45.4% | |
| Net Margin | 23.1% | |
| Return on Equity (ROE) | 11.4% | |
| Return on Assets (ROA) | 3.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $7.3B |
| Free Cash Flow | $2.1B |
| Total Debt | $60.6B |
| Debt-to-Equity | 165.4 |
| Current Ratio | 0.6 |
| Total Assets | $118.8B |
Price & Trading
| Last Close | $63.68 |
| 50-Day MA | $61.30 |
| 200-Day MA | $54.05 |
| Avg Volume | 2.4M |
| Beta | 1.0 |
|
52-Week Range
$43.59
| |
About TC ENERGY CORP (TRP)
TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions. The company builds and operates a network of 94,171 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, the company owns or has interests in power generation facilities with approximately 4,650 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in Alberta, Ontario, Québec, and New Brunswick. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.
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Frequently Asked Questions
Is TC ENERGY CORP (TRP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TC ENERGY CORP is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is TC ENERGY CORP's debt ratio?
TC ENERGY CORP's debt ratio is 91.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 51.1%.
What are TC ENERGY CORP's key financial metrics?
TC ENERGY CORP has a market capitalization of $66.2B, trailing P/E ratio of 25.3, and revenue of $15.2B. The company maintains a gross margin of 69.0% and a net margin of 23.1%. Return on equity stands at 11.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.