Targa Net Debt vs Common Stock Analysis

TRGP Stock

USD 116.13 0.55 0.48%

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 Net Debt and its Common Stock 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.

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

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

The correlation between Targa Resources' Net Debt and Common Stock is 0.73. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock 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' Net Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Targa Resources are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., Targa Resources' Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Common Stock

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 05/17/2024, 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

Gross Profit Total Revenue

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

Click cells to compare fundamentals

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

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

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Targa Resources is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Targa Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Targa Resources Stock. Highlighted below are key reports to facilitate an investment decision about Targa Resources Stock:

How To Invest In Targa

Details

Is Targa Stock a good investment?

Details

What is Targa Resources' Net Worth?

Details

Largest Oil & Gas Midstream Companies

View

Largest Energy Companies

View

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.

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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Targa Stock analysis

When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.

	Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets
	Stocks Directory Find actively traded stocks across global markets
	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities
	Global Correlations Find global opportunities by holding instruments from different markets
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities
	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	Commodity Channel Use Commodity Channel Index to analyze current equity momentum
	Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
	Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Targa Net Debt vs Common Stock Analysis

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock

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!

Complementary Tools for Targa Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

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