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.
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 |
|
Targa |
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
Add Fundamental
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.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.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 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 |
Targa Resources balance sheet Correlations
Click cells to compare fundamentals
Targa Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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) |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional 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.