Targa Net Debt vs Cash Analysis

0LD9 Stock   186.78  0.81  0.44%   
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 Net Debt and its Cash 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.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Targa Resources Corp Net Debt account and Cash. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Targa Resources' Net Debt and Cash is 0.12. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash 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' Net Debt and Cash 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 Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Targa Resources' Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.12
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Cash

Cash refers to the most liquid asset of Targa Resources Corp, which is listed under current asset account on Targa Resources Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Targa Resources customers. The amounts must be unrestricted with restricted cash listed in a different Targa Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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 Expense387.9M446.1M687.8M722.2M
Depreciation And Amortization874.6M1.1B1.3B669.2M

Targa Resources fundamental ratios Correlations

0.790.650.890.711.00.210.79-0.240.860.251.0-0.270.250.80.910.760.620.77-0.170.810.860.720.030.88-0.86
0.790.60.750.370.79-0.081.00.030.740.140.780.070.140.750.660.990.910.7-0.281.00.810.630.310.77-0.82
0.650.60.820.310.660.480.59-0.550.710.50.620.090.50.780.740.550.470.72-0.370.630.840.560.270.48-0.81
0.890.750.820.590.880.160.75-0.260.940.250.87-0.20.250.90.870.710.670.73-0.340.790.930.860.130.78-0.88
0.710.370.310.590.710.110.36-0.120.530.20.73-0.710.20.390.810.360.210.380.220.430.410.56-0.550.68-0.65
1.00.790.660.880.710.220.78-0.250.860.271.0-0.260.270.80.910.760.60.77-0.130.810.860.710.030.85-0.87
0.21-0.080.480.160.110.22-0.1-0.870.120.520.20.060.520.180.37-0.14-0.240.38-0.17-0.060.27-0.19-0.03-0.05-0.26
0.791.00.590.750.360.78-0.10.040.740.120.770.060.120.760.660.990.920.68-0.281.00.810.630.310.76-0.81
-0.240.03-0.55-0.26-0.12-0.25-0.870.04-0.24-0.27-0.24-0.02-0.27-0.29-0.430.080.19-0.20.050.01-0.270.06-0.180.070.35
0.860.740.710.940.530.860.120.74-0.240.020.84-0.150.020.960.830.710.680.61-0.260.770.910.720.10.73-0.82
0.250.140.50.250.20.270.520.12-0.270.020.250.171.00.010.310.09-0.060.64-0.090.150.30.18-0.050.17-0.34
1.00.780.620.870.731.00.20.77-0.240.840.25-0.290.250.780.90.750.60.76-0.140.80.840.710.010.88-0.85
-0.270.070.09-0.2-0.71-0.260.060.06-0.02-0.150.17-0.290.17-0.06-0.360.060.060.06-0.020.010.0-0.330.51-0.420.14
0.250.140.50.250.20.270.520.12-0.270.021.00.250.170.010.310.09-0.060.64-0.090.150.30.18-0.050.17-0.34
0.80.750.780.90.390.80.180.76-0.290.960.010.78-0.060.010.790.740.720.61-0.370.780.940.620.260.67-0.8
0.910.660.740.870.810.910.370.66-0.430.830.310.9-0.360.310.790.640.50.67-0.070.710.820.65-0.080.74-0.93
0.760.990.550.710.360.76-0.140.990.080.710.090.750.060.090.740.640.910.64-0.230.990.780.580.290.75-0.8
0.620.910.470.670.210.6-0.240.920.190.68-0.060.60.06-0.060.720.50.910.57-0.480.910.750.620.360.71-0.63
0.770.70.720.730.380.770.380.68-0.20.610.640.760.060.640.610.670.640.57-0.490.70.830.610.130.7-0.71
-0.17-0.28-0.37-0.340.22-0.13-0.17-0.280.05-0.26-0.09-0.14-0.02-0.09-0.37-0.07-0.23-0.48-0.49-0.27-0.46-0.37-0.36-0.350.1
0.811.00.630.790.430.81-0.061.00.010.770.150.80.010.150.780.710.990.910.7-0.270.830.660.250.79-0.85
0.860.810.840.930.410.860.270.81-0.270.910.30.840.00.30.940.820.780.750.83-0.460.830.690.260.75-0.84
0.720.630.560.860.560.71-0.190.630.060.720.180.71-0.330.180.620.650.580.620.61-0.370.660.690.090.77-0.68
0.030.310.270.13-0.550.03-0.030.31-0.180.1-0.050.010.51-0.050.26-0.080.290.360.13-0.360.250.260.09-0.02-0.07
0.880.770.480.780.680.85-0.050.760.070.730.170.88-0.420.170.670.740.750.710.7-0.350.790.750.77-0.02-0.68
-0.86-0.82-0.81-0.88-0.65-0.87-0.26-0.810.35-0.82-0.34-0.850.14-0.34-0.8-0.93-0.8-0.63-0.710.1-0.85-0.84-0.68-0.07-0.68
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Targa Resources Account Relationship Matchups

Targa Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.8B15.9B15.2B19.6B20.7B12.3B
Short Long Term Debt Total7.9B7.8B6.6B11.6B13.0B13.7B
Other Current Liab473.2M577M720.6M749.3M519.6M401.1M
Total Current Liabilities1.9B1.8B2.3B3.1B2.8B1.6B
Total Stockholder Equity5.2B3.0B2.8B2.7B2.7B2.5B
Property Plant And Equipment Net14.5B12.2B11.7B14.2B15.8B9.2B
Current Deferred Revenue382.8M434.4M475.2M327.7M(23.9M)(22.7M)
Net Debt7.5B7.6B6.5B11.3B12.9B13.5B
Retained Earnings(339.6M)(1.9B)(1.8B)(626.8M)492M516.6M
Accounts Payable954.8M833.8M1.4B1.4B1.6B848.6M
Cash331.1M242.8M158.5M219M141.7M142.5M
Non Current Assets Total17.2B14.4B13.4B17.2B18.5B11.0B
Non Currrent Assets Other53.9M96.1M81.7M(204.8M)173.9M182.6M
Cash And Short Term Investments331.1M242.8M158.5M219M141.7M142.5M
Net Receivables855M862.8M1.3B1.4B1.5B850.6M
Common Stock Shares Outstanding232.5M232.2M228.6M231.1M226M142.9M
Liabilities And Stockholders Equity18.8B15.9B15.2B19.6B20.7B12.3B
Non Current Liabilities Total8.2B7.9B7.0B11.5B14.7B15.4B
Inventory161.5M181.5M153.4M393.8M371.5M390.1M
Other Current Assets310.7M173.2M126M335.4M210.4M141.9M
Other Stockholder Equity5.2B4.7B4.1B(35.9B)2.2B2.3B
Total Liab10.1B9.7B9.3B14.6B16.1B16.9B
Total Current Assets1.7B1.5B1.8B2.4B2.2B1.4B
Accumulated Other Comprehensive Income92.5M(141.8M)(230.9M)54.7M85.6M89.9M
Short Term Debt382.2M368.6M175.6M868.6M666.4M416.3M
Other Assets47.4M145.4M89.4M122.9M141.3M98.8M
Intangible Assets1.7B1.4B1.1B2.7B2.4B1.7B
Short Term Investments103.3M85.5M43.1M179.9M111.9M96.1M
Long Term Debt4.8B5.6B7.4B7.4B8.5B6.6B
Capital Surpluse6.3B6.2B5.2B4.8B4.4B4.5B
Treasury Stock(35.6M)(39.6M)(53.5M)(150.9M)(135.8M)(129.0M)
Property Plant Equipment14.6B12.2B11.7B14.2B16.3B13.5B
Other Liab733.4M458.4M512.4M780.4M702.4M572.7M
Net Tangible Assets3.1B1.3B917M(68.9M)(62.0M)(58.9M)

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