Targa Resources Balance Sheet Health
Financial Health criteria checks 2/6
Targa Resources has a total shareholder equity of $4.6B and total debt of $12.7B, which brings its debt-to-equity ratio to 274.7%. Its total assets and total liabilities are $20.7B and $16.1B respectively. Targa Resources's EBIT is $2.6B making its interest coverage ratio 3.8. It has cash and short-term investments of $141.7M.
Key information
274.7%
Debt to equity ratio
US$12.66b
Debt
Interest coverage ratio | 3.8x |
Cash | US$141.70m |
Equity | US$4.61b |
Total liabilities | US$16.06b |
Total assets | US$20.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAR's short term assets ($2.2B) do not cover its short term liabilities ($2.8B).
Long Term Liabilities: TAR's short term assets ($2.2B) do not cover its long term liabilities ($13.3B).
Debt to Equity History and Analysis
Debt Level: TAR's net debt to equity ratio (271.6%) is considered high.
Reducing Debt: TAR's debt to equity ratio has increased from 86.3% to 274.7% over the past 5 years.
Debt Coverage: TAR's debt is well covered by operating cash flow (25.4%).
Interest Coverage: TAR's interest payments on its debt are well covered by EBIT (3.8x coverage).