Targa Resources Inc (TRGP)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,592,400 | 2,739,700 | 2,665,700 | 2,761,500 | 2,955,300 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,592,400K)
= 0.00
The debt-to-capital ratio for Targa Resources Inc remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company did not have any debt in relation to its total capital over this period. A low debt-to-capital ratio is generally viewed positively as it suggests lower financial risk and greater financial stability in the company's operations. Targa Resources Inc's ability to maintain a debt-to-capital ratio of 0.00 may reflect a conservative capital structure and prudent financial management practices. However, it's essential to consider other financial metrics and factors to obtain a comprehensive assessment of the company's overall financial health and performance.
Peer comparison
Dec 31, 2024