Targa Capital Stock vs Short Term Debt Analysis
TRGP Stock | USD 117.67 1.54 1.33% |
Targa Resources financial indicator trend analysis is much more than just breaking down Targa Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Targa Resources is a good investment. Please check the relationship between Targa Resources Capital Stock and its Short Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.
Capital Stock vs Short Term Debt
Capital Stock vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Targa Resources Capital Stock account and Short Term Debt. At this time, the significance of the direction appears to have no relationship.
The correlation between Targa Resources' Capital Stock and Short Term Debt is 0.06. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Targa Resources, assuming nothing else is changed. The correlation between historical values of Targa Resources' Capital Stock and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Targa Resources are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Capital Stock i.e., Targa Resources' Capital Stock and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Short Term Debt
Most indicators from Targa Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Targa Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.As of 05/19/2024, Tax Provision is likely to grow to about 284 M, while Selling General Administrative is likely to drop slightly above 220.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.3B | 3.0B | 2.5B | 1.6B | Total Revenue | 16.9B | 20.9B | 15.6B | 10.3B |
Targa Resources fundamental ratios Correlations
Click cells to compare fundamentals
Targa Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Targa Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 232.5M | 232.2M | 228.6M | 231.1M | 226M | 134.9M | |
Total Assets | 18.8B | 15.9B | 15.2B | 19.6B | 22.0B | 12.4B | |
Short Long Term Debt Total | 7.9B | 7.8B | 6.6B | 11.6B | 13.0B | 13.7B | |
Other Current Liab | 110.5M | 142.6M | 258.2M | 455.9M | 565.3M | 593.6M | |
Total Current Liabilities | 1.9B | 1.8B | 2.3B | 3.1B | 2.8B | 1.6B | |
Total Stockholder Equity | 5.2B | 3.0B | 2.8B | 2.7B | 2.7B | 2.5B | |
Other Liab | 733.4M | 458.4M | 512.4M | 780.4M | 897.5M | 456.6M | |
Property Plant And Equipment Net | 14.5B | 12.2B | 11.7B | 14.2B | 15.8B | 9.2B | |
Current Deferred Revenue | 382.8M | 434.4M | 475.2M | 327.7M | 376.9M | 284.0M | |
Net Debt | 7.5B | 7.6B | 6.5B | 11.3B | 12.9B | 13.5B | |
Retained Earnings | (339.6M) | (1.9B) | (1.8B) | (626.8M) | 492M | 516.6M | |
Accounts Payable | 997.1M | 833.8M | 1.4B | 1.4B | 1.6B | 852.8M | |
Cash | 331.1M | 242.8M | 158.5M | 219M | 141.7M | 142.5M | |
Non Current Assets Total | 17.2B | 14.4B | 13.4B | 17.2B | 19.8B | 11.1B | |
Non Currrent Assets Other | 53.9M | 96.1M | 81.7M | (204.8M) | 140.6M | 147.6M | |
Other Assets | 47.4M | 860M | 89.4M | 122.9M | 141.3M | 160.3M | |
Long Term Debt | 7.4B | 7.4B | 6.4B | 10.5B | 12.1B | 12.7B | |
Cash And Short Term Investments | 331.1M | 242.8M | 158.5M | 219M | 253.6M | 203.6M | |
Net Receivables | 855M | 862.8M | 1.3B | 1.4B | 1.5B | 850.6M | |
Liabilities And Stockholders Equity | 18.8B | 15.9B | 15.2B | 19.6B | 22.0B | 12.4B | |
Non Current Liabilities Total | 8.2B | 7.9B | 7.0B | 11.5B | 14.7B | 15.4B | |
Inventory | 161.5M | 181.5M | 153.4M | 393.8M | 371.5M | 390.1M | |
Other Current Assets | 69.7M | 87.7M | 82.9M | 155.5M | 98.5M | 67.6M | |
Other Stockholder Equity | 5.2B | 4.7B | 4.1B | (16.3B) | (18.5B) | (17.6B) | |
Total Liab | 10.1B | 9.7B | 9.3B | 14.6B | 17.4B | 18.3B | |
Property Plant And Equipment Gross | 14.5B | 12.2B | 20.6B | 23.9B | 26.3B | 27.6B | |
Total Current Assets | 1.7B | 1.5B | 1.8B | 2.4B | 2.2B | 1.4B | |
Accumulated Other Comprehensive Income | 92.5M | (141.8M) | (230.9M) | 54.7M | 85.6M | 89.9M | |
Treasury Stock | (53.5M) | (150.9M) | (204.1M) | (464.7M) | (418.2M) | (397.3M) | |
Short Term Debt | 382.2M | 368.6M | 162.8M | 834.3M | 620.7M | 350.7M | |
Property Plant Equipment | 14.6B | 12.2B | 11.7B | 14.2B | 16.3B | 8.7B | |
Net Tangible Assets | 3.1B | 1.6B | 1.7B | (68.9M) | (79.2M) | (75.3M) | |
Noncontrolling Interest In Consolidated Entity | 3.5B | 3.2B | 3.2B | 2.3B | 2.7B | 2.5B | |
Retained Earnings Total Equity | (339.6M) | (1.9B) | (1.8B) | (626.8M) | (564.1M) | (592.3M) | |
Long Term Debt Total | 7.4B | 7.4B | 6.4B | 10.7B | 12.3B | 12.9B | |
Capital Surpluse | 5.2B | 4.8B | 4.3B | 3.7B | 4.3B | 3.8B |
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Try AI Portfolio ArchitectCheck out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.Note that the Targa Resources information on this page should be used as a complementary analysis to other Targa Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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Is Targa Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Targa Resources. If investors know Targa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Targa Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 42.844 | Dividend Share 2.25 | Earnings Share 4.85 | Revenue Per Share 71.981 | Quarterly Revenue Growth 0.009 |
The market value of Targa Resources is measured differently than its book value, which is the value of Targa that is recorded on the company's balance sheet. Investors also form their own opinion of Targa Resources' value that differs from its market value or its book value, called intrinsic value, which is Targa Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Targa Resources' market value can be influenced by many factors that don't directly affect Targa Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Targa Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Targa Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Targa Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.