Targa Resources Inc (TRGP)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,592,400K
= 0.00

The debt-to-equity ratio of Targa Resources Inc has consistently been at 0.00 from March 31, 2020, to December 31, 2024. This implies that the company has not been relying on debt to finance its operations and investments compared to its equity. A debt-to-equity ratio of 0.00 indicates an absence of debt in the company's capital structure, which could signal a conservative financial strategy or a strong financial position. Investors and creditors may view this ratio favorably as it suggests lower financial risk and potentially better solvency for the company. However, it's important to consider that a low debt-to-equity ratio may also indicate limited access to financial leverage for potential growth opportunities. Overall, Targa Resources Inc's consistent 0.00 debt-to-equity ratio reflects a stable and potentially less risky financial position over the analyzed period.