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 $12.8B, which brings its debt-to-equity ratio to 279.1%. Its total assets and total liabilities are $20.8B and $16.3B respectively. Targa Resources's EBIT is $2.4B making its interest coverage ratio 3.2. It has cash and short-term investments of $109.9M.
Key information
279.1%
Debt to equity ratio
US$12.78b
Debt
Interest coverage ratio | 3.2x |
Cash | US$109.90m |
Equity | US$4.58b |
Total liabilities | US$16.27b |
Total assets | US$20.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LD9's short term assets ($2.0B) do not cover its short term liabilities ($2.8B).
Long Term Liabilities: 0LD9's short term assets ($2.0B) do not cover its long term liabilities ($13.5B).
Debt to Equity History and Analysis
Debt Level: 0LD9's net debt to equity ratio (276.7%) is considered high.
Reducing Debt: 0LD9's debt to equity ratio has increased from 97.5% to 279.1% over the past 5 years.
Debt Coverage: 0LD9's debt is well covered by operating cash flow (22.8%).
Interest Coverage: 0LD9's interest payments on its debt are well covered by EBIT (3.2x coverage).