Targa Resources Inc (TRGP)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 22,734,100 | 20,671,800 | 19,560,000 | 15,208,200 | 15,875,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $22,734,100K
= 0.00
The debt-to-assets ratio of Targa Resources Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company's total debts are negligible in relation to its total assets over this period. A debt-to-assets ratio of 0.00 typically suggests that the company is financing its operations predominantly through equity rather than debt. This could indicate financial stability and a lower risk of default, as the company is not heavily reliant on borrowed funds to support its operations and investments.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Targa Resources Inc
TRGP
0.00
Antero Midstream Partners LP
AM
0.54
Archrock Inc
AROC
0.57
DT Midstream Inc
DTM
0.00
Kinder Morgan Inc
KMI
0.42
Williams Companies Inc
WMB
0.47