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
Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly
Mar 20
Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly
Oct 22Targa Resources (NYSE:TRGP) Has A Pretty Healthy Balance Sheet
Jul 10These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt Reasonably Well
Apr 03Is Targa Resources (NYSE:TRGP) Using Too Much Debt?
Dec 22Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly
Sep 22Recent updates
Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75
Apr 15A Look At The Fair Value Of Targa Resources Corp. (NYSE:TRGP)
Apr 07Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly
Mar 20Targa: 2024 Shaping Up To Be A Good Year
Mar 06A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Dec 26Targa Resources: Promising Growth Prospects But Almost Full Valuation
Dec 05Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly
Oct 22Estimating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Sep 21Targa Resources Growing Organically
Sep 21Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?
Sep 02Some Analysts Just Cut Their Targa Resources Corp. (NYSE:TRGP) Estimates
Aug 15Targa Resources Corp: At A Premium That Mutes A Buy Case
Jul 30Targa Resources (NYSE:TRGP) Has A Pretty Healthy Balance Sheet
Jul 10Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Jun 18These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt Reasonably Well
Apr 03Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 40% Above Its Share Price
Mar 07Targa Resources Q4 2022 Earnings Preview
Feb 21Targa Resources (NYSE:TRGP) Is Paying Out A Dividend Of $0.35
Jan 24News Flash: Analysts Just Made A Notable Upgrade To Their Targa Resources Corp. (NYSE:TRGP) Forecasts
Jan 20Targa Resources declares $0.35 dividend
Jan 20Targa Resources prices $1.75B notes offering to buy remaining stake in Grand Prix NGL Pipeline
Jan 03Is Targa Resources (NYSE:TRGP) Using Too Much Debt?
Dec 22Targa Resources: With Solid Q3 Results, This Company May Be Worth Considering
Nov 04Calculating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)
Nov 02Targa Resources declares $0.35 dividend
Oct 13Targa Resources moves to S&P 500; Payoneer jumps on SmallCap 600 addition
Oct 06Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly
Sep 22Targa Resources: Impressive Q2 Earnings Plus Growth Prospects
Aug 26Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?
Aug 26Targa Resources Q2 2022 Earnings Preview
Aug 03Is Targa Resources Corp. (NYSE:TRGP) Trading At A 27% Discount?
Aug 01Targa Resources declares $0.35 dividend
Jul 14Updating Our Targa Resources Valuation After Its Lucid Energy Acquisition
Jun 30Targa Resources: Back In The Buy Zone
Jun 21Financial Position Analysis
Short Term Liabilities: TRGP's short term assets ($2.2B) do not cover its short term liabilities ($2.8B).
Long Term Liabilities: TRGP's short term assets ($2.2B) do not cover its long term liabilities ($13.3B).
Debt to Equity History and Analysis
Debt Level: TRGP's net debt to equity ratio (271.6%) is considered high.
Reducing Debt: TRGP's debt to equity ratio has increased from 86.3% to 274.7% over the past 5 years.
Debt Coverage: TRGP's debt is well covered by operating cash flow (25.4%).
Interest Coverage: TRGP's interest payments on its debt are well covered by EBIT (3.8x coverage).