Targa Resources Balance Sheet Health
Financial Health criteria checks 2/6
Targa Resources has a total shareholder equity of $4.3B and total debt of $13.3B, which brings its debt-to-equity ratio to 305.2%. Its total assets and total liabilities are $21.3B and $16.9B respectively. Targa Resources's EBIT is $2.4B making its interest coverage ratio 3.2. It has cash and short-term investments of $166.4M.
Key information
305.2%
Debt to equity ratio
US$13.27b
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$166.40m |
| Equity | US$4.35b |
| Total liabilities | US$16.92b |
| Total assets | US$21.26b |
Recent financial health updates
We Think Targa Resources (NYSE:TRGP) Is Taking Some Risk With Its Debt
Aug 30
Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly
Mar 20Targa 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 22Recent updates
We Think Targa Resources (NYSE:TRGP) Is Taking Some Risk With Its Debt
Aug 30Targa Resources: Large Growth Potential With High Capex Spending
Aug 06A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Jul 31Shareholders Should Be Pleased With Targa Resources Corp.'s (NYSE:TRGP) Price
Jul 16If EPS Growth Is Important To You, Targa Resources (NYSE:TRGP) Presents An Opportunity
Jun 21Targa Resources: Improving Ebitda And Possible Upside Potential
May 03Targa 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 02Financial Position Analysis
Short Term Liabilities: TRGP's short term assets ($1.9B) do not cover its short term liabilities ($2.9B).
Long Term Liabilities: TRGP's short term assets ($1.9B) do not cover its long term liabilities ($14.0B).
Debt to Equity History and Analysis
Debt Level: TRGP's net debt to equity ratio (301.4%) is considered high.
Reducing Debt: TRGP's debt to equity ratio has increased from 75.1% to 305.2% over the past 5 years.
Debt Coverage: TRGP's debt is well covered by operating cash flow (23.7%).
Interest Coverage: TRGP's interest payments on its debt are well covered by EBIT (3.2x coverage).