Targa Historical Balance Sheet

0LD9 Stock

185.27 1.56 0.83%

Trend analysis of Targa Resources Corp balance sheet accounts such as Short Long Term Debt Total of 13.7 B, Other Current Liabilities of 401.1 M or Total Current Liabilities of 1.6 B provides information on Targa Resources' total assets, liabilities, and equity, which is the actual value of Targa Resources Corp to its prevalent stockholders. By breaking down trends over time using Targa Resources balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Targa Resources Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Targa Resources Corp is a good buy for the upcoming year.

Targa Resources Inventory

390.07 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Targa Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Targa Stock please use our How to Invest in Targa Resources guide.

About Targa Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Targa Resources Corp at a specified time, usually calculated after every quarter, six months, or one year. Targa Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Targa Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Targa currently owns. An asset can also be divided into two categories, current and non-current.

Targa Resources Balance Sheet Chart

At this time, Targa Resources' Other Stockholder Equity is comparatively stable compared to the past year. Total Liabilities is likely to gain to about 16.9 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 401.1 M in 2024.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Property Plant And Equipment Net Other Current Assets

Total Assets

Total assets refers to the total amount of Targa Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Targa Resources Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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 Corp 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.

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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most accounts from Targa Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Targa Resources Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Targa Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Targa Stock please use our How to Invest in Targa Resources guide.At this time, Targa Resources' Other Stockholder Equity is comparatively stable compared to the past year. Total Liabilities is likely to gain to about 16.9 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 401.1 M in 2024.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	6.6B	11.6B	13.0B	13.7B
Total Assets	15.2B	19.6B	20.7B	12.3B

Short Long Term Debt Total Total Assets

Targa Resources balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Other Assets	Intangible Assets	Good Will
Total Assets		0.79	0.65	0.89	0.71	1.0	0.21	0.79	-0.24	0.86	0.25	1.0	-0.27	0.25	0.8	0.91	0.76	0.62	0.77	-0.17	0.81	0.86	0.72	0.03	0.88	-0.86
Short Long Term Debt Total	0.79		0.6	0.75	0.37	0.79	-0.08	1.0	0.03	0.74	0.14	0.78	0.07	0.14	0.75	0.66	0.99	0.91	0.7	-0.28	1.0	0.81	0.63	0.31	0.77	-0.82
Other Current Liab	0.65	0.6		0.82	0.31	0.66	0.48	0.59	-0.55	0.71	0.5	0.62	0.09	0.5	0.78	0.74	0.55	0.47	0.72	-0.37	0.63	0.84	0.56	0.27	0.48	-0.81
Total Current Liabilities	0.89	0.75	0.82		0.59	0.88	0.16	0.75	-0.26	0.94	0.25	0.87	-0.2	0.25	0.9	0.87	0.71	0.67	0.73	-0.34	0.79	0.93	0.86	0.13	0.78	-0.88
Total Stockholder Equity	0.71	0.37	0.31	0.59		0.71	0.11	0.36	-0.12	0.53	0.2	0.73	-0.71	0.2	0.39	0.81	0.36	0.21	0.38	0.22	0.43	0.41	0.56	-0.55	0.68	-0.65
Property Plant And Equipment Net	1.0	0.79	0.66	0.88	0.71		0.22	0.78	-0.25	0.86	0.27	1.0	-0.26	0.27	0.8	0.91	0.76	0.6	0.77	-0.13	0.81	0.86	0.71	0.03	0.85	-0.87
Current Deferred Revenue	0.21	-0.08	0.48	0.16	0.11	0.22		-0.1	-0.87	0.12	0.52	0.2	0.06	0.52	0.18	0.37	-0.14	-0.24	0.38	-0.17	-0.06	0.27	-0.19	-0.03	-0.05	-0.26
Net Debt	0.79	1.0	0.59	0.75	0.36	0.78	-0.1		0.04	0.74	0.12	0.77	0.06	0.12	0.76	0.66	0.99	0.92	0.68	-0.28	1.0	0.81	0.63	0.31	0.76	-0.81
Retained Earnings	-0.24	0.03	-0.55	-0.26	-0.12	-0.25	-0.87	0.04		-0.24	-0.27	-0.24	-0.02	-0.27	-0.29	-0.43	0.08	0.19	-0.2	0.05	0.01	-0.27	0.06	-0.18	0.07	0.35
Accounts Payable	0.86	0.74	0.71	0.94	0.53	0.86	0.12	0.74	-0.24		0.02	0.84	-0.15	0.02	0.96	0.83	0.71	0.68	0.61	-0.26	0.77	0.91	0.72	0.1	0.73	-0.82
Cash	0.25	0.14	0.5	0.25	0.2	0.27	0.52	0.12	-0.27	0.02		0.25	0.17	1.0	0.01	0.31	0.09	-0.06	0.64	-0.09	0.15	0.3	0.18	-0.05	0.17	-0.34
Non Current Assets Total	1.0	0.78	0.62	0.87	0.73	1.0	0.2	0.77	-0.24	0.84	0.25		-0.29	0.25	0.78	0.9	0.75	0.6	0.76	-0.14	0.8	0.84	0.71	0.01	0.88	-0.85
Non Currrent Assets Other	-0.27	0.07	0.09	-0.2	-0.71	-0.26	0.06	0.06	-0.02	-0.15	0.17	-0.29		0.17	-0.06	-0.36	0.06	0.06	0.06	-0.02	0.01	0.0	-0.33	0.51	-0.42	0.14
Cash And Short Term Investments	0.25	0.14	0.5	0.25	0.2	0.27	0.52	0.12	-0.27	0.02	1.0	0.25	0.17		0.01	0.31	0.09	-0.06	0.64	-0.09	0.15	0.3	0.18	-0.05	0.17	-0.34
Net Receivables	0.8	0.75	0.78	0.9	0.39	0.8	0.18	0.76	-0.29	0.96	0.01	0.78	-0.06	0.01		0.79	0.74	0.72	0.61	-0.37	0.78	0.94	0.62	0.26	0.67	-0.8
Common Stock Shares Outstanding	0.91	0.66	0.74	0.87	0.81	0.91	0.37	0.66	-0.43	0.83	0.31	0.9	-0.36	0.31	0.79		0.64	0.5	0.67	-0.07	0.71	0.82	0.65	-0.08	0.74	-0.93
Non Current Liabilities Total	0.76	0.99	0.55	0.71	0.36	0.76	-0.14	0.99	0.08	0.71	0.09	0.75	0.06	0.09	0.74	0.64		0.91	0.64	-0.23	0.99	0.78	0.58	0.29	0.75	-0.8
Inventory	0.62	0.91	0.47	0.67	0.21	0.6	-0.24	0.92	0.19	0.68	-0.06	0.6	0.06	-0.06	0.72	0.5	0.91		0.57	-0.48	0.91	0.75	0.62	0.36	0.71	-0.63
Other Current Assets	0.77	0.7	0.72	0.73	0.38	0.77	0.38	0.68	-0.2	0.61	0.64	0.76	0.06	0.64	0.61	0.67	0.64	0.57		-0.49	0.7	0.83	0.61	0.13	0.7	-0.71
Other Stockholder Equity	-0.17	-0.28	-0.37	-0.34	0.22	-0.13	-0.17	-0.28	0.05	-0.26	-0.09	-0.14	-0.02	-0.09	-0.37	-0.07	-0.23	-0.48	-0.49		-0.27	-0.46	-0.37	-0.36	-0.35	0.1
Total Liab	0.81	1.0	0.63	0.79	0.43	0.81	-0.06	1.0	0.01	0.77	0.15	0.8	0.01	0.15	0.78	0.71	0.99	0.91	0.7	-0.27		0.83	0.66	0.25	0.79	-0.85
Total Current Assets	0.86	0.81	0.84	0.93	0.41	0.86	0.27	0.81	-0.27	0.91	0.3	0.84	0.0	0.3	0.94	0.82	0.78	0.75	0.83	-0.46	0.83		0.69	0.26	0.75	-0.84
Short Term Debt	0.72	0.63	0.56	0.86	0.56	0.71	-0.19	0.63	0.06	0.72	0.18	0.71	-0.33	0.18	0.62	0.65	0.58	0.62	0.61	-0.37	0.66	0.69		0.09	0.77	-0.68
Other Assets	0.03	0.31	0.27	0.13	-0.55	0.03	-0.03	0.31	-0.18	0.1	-0.05	0.01	0.51	-0.05	0.26	-0.08	0.29	0.36	0.13	-0.36	0.25	0.26	0.09		-0.02	-0.07
Intangible Assets	0.88	0.77	0.48	0.78	0.68	0.85	-0.05	0.76	0.07	0.73	0.17	0.88	-0.42	0.17	0.67	0.74	0.75	0.71	0.7	-0.35	0.79	0.75	0.77	-0.02		-0.68
Good Will	-0.86	-0.82	-0.81	-0.88	-0.65	-0.87	-0.26	-0.81	0.35	-0.82	-0.34	-0.85	0.14	-0.34	-0.8	-0.93	-0.8	-0.63	-0.71	0.1	-0.85	-0.84	-0.68	-0.07	-0.68

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Targa Resources Account Relationship Matchups

Targa Resources balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.8B	15.9B	15.2B	19.6B	20.7B	12.3B
Short Long Term Debt Total	7.9B	7.8B	6.6B	11.6B	13.0B	13.7B
Other Current Liab	473.2M	577M	720.6M	749.3M	519.6M	401.1M
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
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	(23.9M)	(22.7M)
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	954.8M	833.8M	1.4B	1.4B	1.6B	848.6M
Cash	331.1M	242.8M	158.5M	219M	141.7M	142.5M
Non Current Assets Total	17.2B	14.4B	13.4B	17.2B	18.5B	11.0B
Non Currrent Assets Other	53.9M	96.1M	81.7M	(204.8M)	173.9M	182.6M
Cash And Short Term Investments	331.1M	242.8M	158.5M	219M	141.7M	142.5M
Net Receivables	855M	862.8M	1.3B	1.4B	1.5B	850.6M
Common Stock Shares Outstanding	232.5M	232.2M	228.6M	231.1M	226M	142.9M
Liabilities And Stockholders Equity	18.8B	15.9B	15.2B	19.6B	20.7B	12.3B
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	310.7M	173.2M	126M	335.4M	210.4M	141.9M
Other Stockholder Equity	5.2B	4.7B	4.1B	(35.9B)	2.2B	2.3B
Total Liab	10.1B	9.7B	9.3B	14.6B	16.1B	16.9B
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
Short Term Debt	382.2M	368.6M	175.6M	868.6M	666.4M	416.3M
Other Assets	47.4M	145.4M	89.4M	122.9M	141.3M	98.8M
Intangible Assets	1.7B	1.4B	1.1B	2.7B	2.4B	1.7B
Short Term Investments	103.3M	85.5M	43.1M	179.9M	111.9M	96.1M
Long Term Debt	4.8B	5.6B	7.4B	7.4B	8.5B	6.6B
Capital Surpluse	6.3B	6.2B	5.2B	4.8B	4.4B	4.5B
Treasury Stock	(35.6M)	(39.6M)	(53.5M)	(150.9M)	(135.8M)	(129.0M)
Property Plant Equipment	14.6B	12.2B	11.7B	14.2B	16.3B	13.5B
Other Liab	733.4M	458.4M	512.4M	780.4M	702.4M	572.7M
Net Tangible Assets	3.1B	1.3B	917M	(68.9M)	(62.0M)	(58.9M)

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