Targa Resources Balance Sheet - Quarterly (NYSE:TRGP)

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$47.66 $0.26 (0.55%) TRGP stock closing price Jun 19, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Targa Resources balance sheet. Financial strength can be guaged by performing Targa Resources stock analysis and by analyzing the balance sheet. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. Targa Resources had a long term debt of $5.06B at the end of 2018 Q1. To understand the debt servicing capacity of the company, one needs to look at Targa Resources operating cash flow and Targa Resources revenue also. Targa Resources debt to equity ratio is 0.75.

View and download Targa Resources quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash219.8M137.2M114.1M98.7M80M73.5M141.1M170.9M114.5M140.2M
Marketable Securities----------
Receivables745.6M827.6M715M552.4M608.3M742.4M625.9M490.1M428.4M515.8M
Inventory96.7M204.5M267.4M197.7M75.5M137.7M150.3M111M61.7M141M
Raw Materials-12.9M11.8M9.9M-10.8M11M11.9M--
Work In Progress----------
Finished Goods-191.6M255.6M187.8M-126.9M139.3M99.1M--
Notes Receivable----------
Other Current Assets98.2M100.6M104.3M66.1M48.3M53.2M59.4M84.7M111.3M123M
Total Current Assets
1.16B1.27B1.2B914.9M812.1M1.01B976.7M856.7M715.9M920M
Property Plant & Equipment14.77B14.21B13.69B13.31B12.96B12.52B12.35B12.23B12.11B11.94B
Accumulated Depreciation3.93B3.78B3.62B3.09B2.99B2.83B2.67B2.53B2.38B2.23B
Net Property Plant & Equipment
10.84B10.43B10.07B10.23B9.96B9.69B9.68B9.7B9.73B9.7B
Investment & Advances313.4M221.6M222.1M218.4M227M240.8M246.9M250.2M254.9M258.9M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles2.38B2.42B2.47B2.52B2.61B1.86B2.09B2.12B2.16B2.23B
Deposits & Other Assets61.2M44.7M35.2M37M43.5M68.6M65.8M71.7M85.7M145M
Total Assets
14.75B14.39B14B13.92B13.65B12.87B13.06B13B12.95B13.25B
Notes Payable----------
Accounts Payable1.03B1.19B1.02B886M867.2M843.5M710.8M697.7M541M657.1M
Current Portion Long-Term Debt300M350M528.4M500.1M534.9M275M225M225M150M219.3M
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities53.6M79.7M80.9M9.5M22.2M49.1M13M14.9M2M5.2M
Total Current Liabilities
1.38B1.62B1.63B1.4B1.42B1.17B948.8M937.6M693M881.6M
Mortgages----------
Deferred Taxes/Income509.6M479M728.5M852.9M951.6M941.2M1.14B1.08B1.12B177.8M
Convertible Debt----------
Long-Term Debt5.06B4.7B4.37B3.94B4.21B4.61B4.73B4.78B4.92B5.76B
Non-Current Capital Leases----------
Other Long-Term Liabilities607.2M617.5M512.7M593.9M696.8M241.2M176.7M184.2M163.7M182.6M
Total Liabilities
7.57B7.42B7.24B6.78B7.29B6.96B6.99B6.98B6.89B7B
Minority Interest----------
Preferred Stock223.5M216.5M209.8M203.3M196.9M190.8M185.6M179.9M173.6M-
Common Stock Net----------
Capital Surplus6.14B6.3B6.43B6.67B5.99B5.51B5.38B5.37B5.32B1.46B
Retained Earnings-49.1M-77.2M-360.5M-192.9M-250.5M-187.3M-36.6M-25.9M-2.7M26.9M
Treasury Stock36M35.6M35.3M34.3M32.7M32.2M31.8M29.1M28.9M28.7M
Other Liabilities908.1M565.8M506.1M495.8M467.9M437.5M567.4M520.6M590.6M4.79B
Shareholders Equity7.19B6.97B6.76B7.14B6.37B5.92B6.06B6.02B6.05B6.25B
Total Liabilities & Shareholders Equity14.75B14.39B14B13.92B13.65B12.87B13.06B13B12.95B13.25B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Targa Resources historical stock prices and the current Targa Resources stock price can tell you how the stock price has moved, whereas the Targa Resources PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: An asset is a resource that a corporation like Targa Resources owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for TRGP stock as of 2018 Q1 is $14.75B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Targa Resources's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for TRGP stock stand at $7.57B.

Targa Resources Balance Sheet - Key Ratios

Current ratio
0.84
Debt to equity ratio
0.75
Asset turnover ratio
0.67
Receivables turnover
13.28
Price to book ratio
1.51