Targa Good Will vs Net Debt Analysis

0LD9 Stock

185.27 1.56 0.83%

Targa Resources financial indicator trend analysis is much more than just breaking down Targa Resources Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Targa Resources Corp is a good investment. Please check the relationship between Targa Resources Good Will and its Net Debt accounts. 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.

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Targa Resources Corp Good Will account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Targa Resources' Good Will and Net Debt is -0.81. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Debt in the same time period over historical financial statements of Targa Resources Corp, assuming nothing else is changed. The correlation between historical values of Targa Resources' Good Will and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Targa Resources Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Good Will i.e., Targa Resources' Good Will and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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.

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 Corp 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 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.Selling General Administrative is likely to drop to about 226.8 M in 2024. Tax Provision is likely to gain to about (212.1 M) in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	387.9M	446.1M	687.8M	722.2M
Depreciation And Amortization	874.6M	1.1B	1.3B	669.2M

Interest Expense Depreciation And Amortization

Targa Resources fundamental ratios 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 fundamental ratios 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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Targa Good Will vs Net Debt Analysis

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

Correlation Coefficient

Good Will

Net Debt

Targa Resources fundamental ratios Correlations

Targa Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Targa Resources fundamental ratios Accounts

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

Good Will	- 0.93	Common Stock Shares Outstanding
Good Will	- 0.88	Total Current Liabilities
Retained Earnings	- 0.87	Current Deferred Revenue
Good Will	- 0.87	Property Plant And Equipment Net
Good Will	- 0.86	Total Assets
Good Will	- 0.85	Total Liab