Targa Resources Inc (TRGP)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,592,400K
= 0.00
The debt-to-equity ratio for Targa Resources Inc has consistently been 0.00 from December 31, 2020, through December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in its capital structure relative to its equity. This could imply that Targa Resources Inc relies primarily on equity financing rather than debt to fund its operations and growth. A low or zero debt-to-equity ratio is generally considered favorable as it signifies a lower financial risk and greater financial stability for the company. However, it is important to consider other factors and ratios in conjunction with the debt-to-equity ratio to gain a comprehensive understanding of Targa Resources Inc's overall financial health.
Peer comparison
Dec 31, 2024