Targa Resources Balance Sheet - Quarterly (NYSE:TRGP)

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$46.49 $1.01 (2.13%) TRGP stock closing price Mar 22, 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 $4.37B at the end of 2017 Q3. 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 0.73.

View and download Targa Resources quarterly results to get the balance sheet details for the latest 40 quarters data.
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Fiscal year is Jan - Dec2017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Marketable Securities---------
Raw Materials11.8M9.9M-10.8M11M11.9M---
Work In Progress---------
Finished Goods255.6M187.8M-126.9M139.3M99.1M---
Notes Receivable---------
Other Current Assets104.3M66.1M48.3M53.2M59.4M84.7M111.3M123M126.1M
Total Current Assets
Property Plant & Equipment13.69B13.31B12.96B12.52B12.35B12.23B12.11B11.94B11.8B
Accumulated Depreciation3.62B3.09B2.99B2.83B2.67B2.53B2.38B2.23B2.05B
Net Property Plant & Equipment
Investment & Advances222.1M218.4M227M240.8M246.9M250.2M254.9M258.9M264.2M
Other Non-Current Assets---------
Deferred Charges---------
Deposits & Other Assets35.2M37M43.5M68.6M65.8M71.7M85.7M145M155.6M
Total Assets
Notes Payable---------
Accounts Payable1.02B886M867.2M843.5M710.8M697.7M541M657.1M688.9M
Current Portion Long-Term Debt528.4M500.1M534.9M275M225M225M150M219.3M135.5M
Current Portion Capital Leases---------
Accrued Expenses---------
Income Taxes Payable--------33.5M
Other Current Liabilities80.9M9.5M22.2M49.1M13M14.9M2M5.2M4.3M
Total Current Liabilities
Deferred Taxes/Income728.5M852.9M951.6M941.2M1.14B1.08B1.12B177.8M156.8M
Convertible Debt---------
Long-Term Debt4.37B3.94B4.21B4.61B4.73B4.78B4.92B5.76B5.94B
Non-Current Capital Leases---------
Other Long-Term Liabilities512.7M593.9M696.8M241.2M176.7M184.2M163.7M182.6M80.5M
Total Liabilities
Minority Interest---------
Preferred Stock209.8M203.3M196.9M190.8M185.6M179.9M173.6M--
Common Stock Net---------
Capital Surplus6.43B6.67B5.99B5.51B5.38B5.37B5.32B1.46B1.49B
Retained Earnings-360.5M-192.9M-250.5M-187.3M-36.6M-25.9M-2.7M26.9M12.6M
Treasury Stock35.3M34.3M32.7M32.2M31.8M29.1M28.9M28.7M28.5M
Other Liabilities506.1M495.8M467.9M437.5M567.4M520.6M590.6M4.79B4.9B
Shareholders Equity6.76B7.14B6.37B5.92B6.06B6.02B6.05B6.25B6.38B
Total Liabilities & Shareholders Equity14B13.92B13.65B12.87B13.06B13B12.95B13.25B13.42B
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 2017 Q3 is $14B. 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 $7.24B.

Targa Resources Balance Sheet - Key Ratios

Current ratio
Debt to equity ratio
Asset turnover ratio
Receivables turnover
Price to book ratio