Targa Resources Inc (TRGP)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 22,734,100 | 21,903,800 | 21,264,200 | 20,846,100 | 22,026,900 | 20,189,600 | 19,461,800 | 19,025,500 | 19,560,000 | 19,389,900 | 15,334,300 | 15,295,400 | 15,208,200 | 15,972,700 | 15,411,800 | 15,648,400 | 15,875,700 | 16,052,100 | 15,965,400 | 16,026,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 remained at 0.00 for all quarters between March 31, 2020, and December 31, 2024. This indicates that the company has not used debt significantly to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that all the company's assets are funded by equity rather than debt. While a low or zero debt-to-assets ratio can signal financial stability and lower financial risk, it may also indicate missed opportunities for leveraging debt to potentially enhance returns for shareholders. It is important to consider other financial metrics and factors in conjunction with the debt-to-assets ratio to gain a comprehensive understanding of the company's financial health and capital structure.
Peer comparison
Dec 31, 2024