Targa Resources Inc (TRGP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,592,400 | 2,573,900 | 2,467,500 | 2,703,900 | 2,739,700 | 2,506,100 | 2,675,200 | 2,550,700 | 2,665,700 | 2,384,500 | 2,069,900 | 2,446,700 | 2,761,500 | 2,934,800 | 2,935,900 | 3,046,400 | 2,955,300 | 3,141,500 | 3,214,600 | 3,314,100 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,592,400K)
= 0.00
The debt-to-capital ratio of Targa Resources Inc has consistently remained at 0.00 throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of capital compared to its total capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company's capital structure is primarily equity-financed, which may suggest a lower financial risk as the company is not highly leveraged. It is important to note that a low debt-to-capital ratio could also mean that the company is not taking advantage of potential tax benefits associated with debt financing. Overall, Targa Resources Inc's consistent debt-to-capital ratio of 0.00 reflects its financial strategy of maintaining a conservative capital structure with limited reliance on debt.
Peer comparison
Dec 31, 2024