Targa Resources Inc (TRGP)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7,279,700 | 6,639,000 | 7,118,500 |
| Total stockholders’ equity | US$ in thousands | 2,739,700 | 2,506,100 | 2,675,200 | 2,550,700 | 2,665,700 | 2,384,500 | 2,069,900 | 1,697,000 | 2,011,800 | 2,185,100 | 2,186,200 | 2,296,700 | 2,653,900 | 2,835,000 | 2,917,600 | 3,026,300 | 4,920,800 | 5,318,400 | 5,542,300 | 5,756,300 |
| 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 | 1.37 | 1.20 | 1.24 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,739,700K
= 0.00
The debt-to-equity ratio of Targa Resources Corp has shown some fluctuations over the past eight quarters, ranging from 2.96 to 5.16. During Q2 and Q3 of 2022, the company had relatively lower debt-to-equity ratios of 3.60 and 3.93, respectively. However, in the subsequent quarters, the ratio increased, reaching its peak in Q3 2023 at 5.16, indicating a higher level of debt relative to equity.
Overall, the trend in the debt-to-equity ratio suggests that Targa Resources Corp has been relying more on debt financing in recent quarters, which may have implications for the company's financial leverage and risk profile. Investors and stakeholders should closely monitor this ratio to assess the company's ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2023