Targa Long Term Debt vs Property Plant And Equipment Net Analysis

TRGP Stock

USD 117.98 0.21 0.18%

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 Long Term Debt and its Property Plant And Equipment Net 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 closely tied 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.

Long Term Debt vs Property Plant And Equipment Net

Long Term Debt vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Targa Resources Long Term Debt account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.

The correlation between Targa Resources' Long Term Debt and Property Plant And Equipment Net is 0.78. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant And Equipment Net 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' Long Term Debt and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Targa Resources are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Long Term Debt i.e., Targa Resources' Long Term Debt and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Long Term Debt

Long-term debt is a debt that Targa Resources has held for over one year. Long-term debt appears on Targa Resources balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Targa Resources balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

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 closely tied 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 06/07/2024, 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)
Interest Expense	387.9M	446.1M	728.9M	765.3M
Depreciation And Amortization	870.6M	1.0B	1.3B	1.4B

Interest Expense Depreciation And Amortization

Targa Resources fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Preferred Stock Total Equity
Common Stock Shares Outstanding		0.91	0.66	0.41	0.87	0.81	0.85	0.92	0.57	0.66	-0.43	0.85	0.25	0.9	-0.39	0.2	0.65	0.32	0.8	0.63	0.5	0.43	-0.06	0.67	0.7	0.71
Total Assets	0.91		0.8	0.44	0.89	0.7	0.8	1.0	0.54	0.8	-0.22	0.87	0.24	1.0	-0.27	0.11	0.79	0.38	0.81	0.77	0.63	0.44	-0.27	0.79	0.79	0.59
Short Long Term Debt Total	0.66	0.8		0.69	0.75	0.37	0.54	0.79	0.55	1.0	0.03	0.74	0.14	0.79	0.04	0.15	1.0	0.38	0.75	0.99	0.91	0.51	-0.71	1.0	0.96	0.38
Other Current Liab	0.41	0.44	0.69		0.67	0.18	0.28	0.42	0.18	0.69	0.17	0.59	0.04	0.42	0.08	-0.04	0.67	0.25	0.62	0.68	0.69	0.36	-0.67	0.72	0.71	0.17
Total Current Liabilities	0.87	0.89	0.75	0.67		0.59	0.69	0.88	0.47	0.75	-0.26	0.94	0.25	0.87	-0.21	0.05	0.73	0.36	0.9	0.71	0.67	0.54	-0.36	0.76	0.8	0.6
Total Stockholder Equity	0.81	0.7	0.37	0.18	0.59		0.9	0.71	0.13	0.36	-0.12	0.54	0.2	0.71	-0.72	-0.07	0.34	0.2	0.39	0.36	0.21	0.1	0.25	0.4	0.38	0.64
Other Liab	0.85	0.8	0.54	0.28	0.69	0.9		0.8	0.26	0.54	-0.05	0.68	0.09	0.81	-0.71	-0.1	0.52	0.17	0.61	0.55	0.45	0.3	-0.05	0.57	0.56	0.67
Property Plant And Equipment Net	0.92	1.0	0.79	0.42	0.88	0.71	0.8		0.55	0.78	-0.25	0.86	0.27	1.0	-0.27	0.13	0.78	0.39	0.8	0.76	0.6	0.43	-0.22	0.78	0.78	0.6
Current Deferred Revenue	0.57	0.54	0.55	0.18	0.47	0.13	0.26	0.55		0.54	-0.58	0.5	0.48	0.52	0.34	0.43	0.58	0.57	0.61	0.54	0.38	0.71	-0.26	0.55	0.61	0.61
Net Debt	0.66	0.8	1.0	0.69	0.75	0.36	0.54	0.78	0.54		0.04	0.74	0.12	0.79	0.03	0.15	1.0	0.35	0.76	0.99	0.92	0.5	-0.72	1.0	0.96	0.37
Retained Earnings	-0.43	-0.22	0.03	0.17	-0.26	-0.12	-0.05	-0.25	-0.58	0.04		-0.23	-0.27	-0.21	-0.03	-0.59	0.02	-0.12	-0.29	0.08	0.19	-0.3	-0.39	0.05	-0.07	-0.39
Accounts Payable	0.85	0.87	0.74	0.59	0.94	0.54	0.68	0.86	0.5	0.74	-0.23		0.03	0.86	-0.17	-0.04	0.73	0.18	0.96	0.71	0.68	0.42	-0.37	0.75	0.82	0.49
Cash	0.25	0.24	0.14	0.04	0.25	0.2	0.09	0.27	0.48	0.12	-0.27	0.03		0.23	0.18	0.24	0.13	0.94	0.01	0.09	-0.06	0.64	0.08	0.12	0.1	0.67
Non Current Assets Total	0.9	1.0	0.79	0.42	0.87	0.71	0.81	1.0	0.52	0.79	-0.21	0.86	0.23		-0.29	0.11	0.78	0.36	0.79	0.76	0.62	0.41	-0.24	0.78	0.78	0.58
Non Currrent Assets Other	-0.39	-0.27	0.04	0.08	-0.21	-0.72	-0.71	-0.27	0.34	0.03	-0.03	-0.17	0.18	-0.29		0.24	0.06	0.27	-0.07	0.03	0.04	0.13	-0.33	0.01	0.02	-0.32
Other Assets	0.2	0.11	0.15	-0.04	0.05	-0.07	-0.1	0.13	0.43	0.15	-0.59	-0.04	0.24	0.11	0.24		0.16	0.24	0.03	0.12	0.04	0.24	0.05	0.11	0.04	0.19
Long Term Debt	0.65	0.79	1.0	0.67	0.73	0.34	0.52	0.78	0.58	1.0	0.02	0.73	0.13	0.78	0.06	0.16		0.37	0.75	0.99	0.91	0.51	-0.72	0.99	0.96	0.37
Cash And Short Term Investments	0.32	0.38	0.38	0.25	0.36	0.2	0.17	0.39	0.57	0.35	-0.12	0.18	0.94	0.36	0.27	0.24	0.37		0.18	0.34	0.18	0.7	-0.18	0.37	0.32	0.69
Net Receivables	0.8	0.81	0.75	0.62	0.9	0.39	0.61	0.8	0.61	0.76	-0.29	0.96	0.01	0.79	-0.07	0.03	0.75	0.18		0.74	0.72	0.54	-0.49	0.77	0.85	0.47
Non Current Liabilities Total	0.63	0.77	0.99	0.68	0.71	0.36	0.55	0.76	0.54	0.99	0.08	0.71	0.09	0.76	0.03	0.12	0.99	0.34	0.74		0.91	0.47	-0.73	1.0	0.96	0.36
Inventory	0.5	0.63	0.91	0.69	0.67	0.21	0.45	0.6	0.38	0.92	0.19	0.68	-0.06	0.62	0.04	0.04	0.91	0.18	0.72	0.91		0.49	-0.85	0.91	0.88	0.22
Other Current Assets	0.43	0.44	0.51	0.36	0.54	0.1	0.3	0.43	0.71	0.5	-0.3	0.42	0.64	0.41	0.13	0.24	0.51	0.7	0.54	0.47	0.49		-0.47	0.5	0.53	0.71
Other Stockholder Equity	-0.06	-0.27	-0.71	-0.67	-0.36	0.25	-0.05	-0.22	-0.26	-0.72	-0.39	-0.37	0.08	-0.24	-0.33	0.05	-0.72	-0.18	-0.49	-0.73	-0.85	-0.47		-0.71	-0.67	0.03
Total Liab	0.67	0.79	1.0	0.72	0.76	0.4	0.57	0.78	0.55	1.0	0.05	0.75	0.12	0.78	0.01	0.11	0.99	0.37	0.77	1.0	0.91	0.5	-0.71		0.97	0.4
Property Plant And Equipment Gross	0.7	0.79	0.96	0.71	0.8	0.38	0.56	0.78	0.61	0.96	-0.07	0.82	0.1	0.78	0.02	0.04	0.96	0.32	0.85	0.96	0.88	0.53	-0.67	0.97		0.43
Preferred Stock Total Equity	0.71	0.59	0.38	0.17	0.6	0.64	0.67	0.6	0.61	0.37	-0.39	0.49	0.67	0.58	-0.32	0.19	0.37	0.69	0.47	0.36	0.22	0.71	0.03	0.4	0.43

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Targa Resources Account Relationship Matchups

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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Targa Long Term Debt vs Property Plant And Equipment Net Analysis

Long Term Debt vs Property Plant And Equipment Net

Long Term Debt vs Property Plant And Equipment Net Correlation Analysis

Correlation Coefficient

Long Term Debt

Property Plant And Equipment Net

Targa Resources fundamental ratios Correlations

Targa Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Targa Resources fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Targa Stock Analysis

COMMON DESTINATIONS

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COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Other Stockholder Equity	- 0.85	Inventory
Other Stockholder Equity	- 0.73	Non Current Liabilities Total
Other Stockholder Equity	- 0.72	Long Term Debt
Other Stockholder Equity	- 0.72	Net Debt
Non Currrent Assets Other	- 0.72	Total Stockholder Equity
Total Liab	- 0.71	Other Stockholder Equity