Targa Total Current Liabilities vs Current Deferred Revenue Analysis
TRGP Stock | USD 120.24 1.24 1.02% |
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 Total Current Liabilities and its Current Deferred Revenue 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.
Total Current Liabilities vs Current Deferred Revenue
Total Current Liabilities vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Targa Resources Total Current Liabilities account and Current Deferred Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Targa Resources' Total Current Liabilities and Current Deferred Revenue is 0.47. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Current Deferred Revenue 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' Total Current Liabilities and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Targa Resources are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Current Liabilities i.e., Targa Resources' Total Current Liabilities and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Targa Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Targa Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.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 06/14/2024, 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 |
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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