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Targa Resources (TRGP)
NYSE:TRGP
US Market
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Targa Resources (TRGP) Ratios

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Targa Resources Ratios

TRGP's free cash flow for Q2 2025 was $0.22. For the 2025 fiscal year, TRGP's free cash flow was decreased by $ and operating cash flow was $0.26. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.69 0.79 0.77 0.77 0.82
Quick Ratio
0.56 0.66 0.64 0.70 0.72
Cash Ratio
0.04 0.05 0.07 0.07 0.14
Solvency Ratio
0.14 0.17 0.14 0.14 -0.05
Operating Cash Flow Ratio
1.16 1.16 0.78 1.00 0.98
Short-Term Operating Cash Flow Coverage
5.23 5.59 2.85 14.15 4.89
Net Current Asset Value
$ -18.59B$ -13.87B$ -12.22B$ -7.51B$ -8.21B
Leverage Ratios
Debt-to-Assets Ratio
0.72 0.63 0.59 0.44 0.49
Debt-to-Equity Ratio
6.51 4.75 4.34 2.40 2.64
Debt-to-Capital Ratio
0.87 0.83 0.81 0.71 0.73
Long-Term Debt-to-Capital Ratio
0.86 0.82 0.80 0.70 0.71
Financial Leverage Ratio
9.08 7.55 7.34 5.51 5.37
Debt Service Coverage Ratio
2.73 2.85 2.11 3.06 -0.09
Interest Coverage Ratio
4.15 3.82 3.88 3.32 9.74
Debt to Market Cap
0.48 0.65 0.68 0.55 1.26
Interest Debt Per Share
81.39 60.99 52.84 30.71 35.29
Net Debt to EBITDA
3.72 3.24 4.01 3.81 -24.14
Profitability Margins
Gross Profit Margin
20.82%25.24%14.10%13.86%27.72%
EBIT Margin
17.47%16.38%10.08%4.87%-14.31%
EBITDA Margin
26.05%24.69%13.52%10.03%-3.79%
Operating Profit Margin
18.68%16.35%8.26%7.61%46.12%
Pretax Profit Margin
12.97%12.10%7.95%2.58%-19.04%
Net Profit Margin
8.82%8.38%4.28%2.49%-16.04%
Continuous Operations Profit Margin
10.29%9.83%7.32%2.49%-16.04%
Net Income Per EBT
67.96%69.29%53.92%96.61%84.23%
EBT Per EBIT
69.46%73.97%96.19%33.88%-41.29%
Return on Assets (ROA)
6.48%6.51%4.58%2.78%-8.35%
Return on Equity (ROE)
59.74%49.13%33.64%15.29%-44.83%
Return on Capital Employed (ROCE)
15.88%14.66%10.48%9.99%27.03%
Return on Invested Capital (ROIC)
12.14%11.52%9.17%9.52%22.18%
Return on Tangible Assets
7.02%7.35%5.33%2.99%-9.14%
Earnings Yield
4.37%6.90%5.37%3.53%-21.63%
Efficiency Ratios
Receivables Turnover
12.27 10.92 14.86 12.73 9.57
Payables Turnover
7.93 7.62 12.41 10.41 7.16
Inventory Turnover
30.87 32.32 45.65 95.18 32.89
Fixed Asset Turnover
0.91 1.02 1.47 1.45 0.68
Asset Turnover
0.74 0.78 1.07 1.11 0.52
Working Capital Turnover Ratio
-16.53 -25.16 -33.79 -39.99 -30.97
Cash Conversion Cycle
-4.47 -3.15 3.14 -2.54 -1.75
Days of Sales Outstanding
29.74 33.43 24.56 28.68 38.12
Days of Inventory Outstanding
11.82 11.29 8.00 3.83 11.10
Days of Payables Outstanding
46.03 47.88 29.41 35.06 50.98
Operating Cycle
41.56 44.73 32.56 32.52 49.22
Cash Flow Ratios
Operating Cash Flow Per Share
17.00 14.30 10.47 10.07 7.51
Free Cash Flow Per Share
1.97 3.68 4.60 7.86 3.41
CapEx Per Share
15.02 10.62 5.87 2.21 4.10
Free Cash Flow to Operating Cash Flow
0.12 0.26 0.44 0.78 0.45
Dividend Paid and CapEx Coverage Ratio
0.93 1.14 1.39 3.33 1.29
Capital Expenditure Coverage Ratio
1.13 1.35 1.78 4.56 1.83
Operating Cash Flow Coverage Ratio
0.22 0.25 0.21 0.35 0.22
Operating Cash Flow to Sales Ratio
0.21 0.20 0.11 0.14 0.21
Free Cash Flow Yield
1.23%4.23%6.26%15.05%12.94%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
22.90 14.50 18.63 28.29 -4.62
Price-to-Sales (P/S) Ratio
2.01 1.21 0.80 0.70 0.74
Price-to-Book (P/B) Ratio
13.49 7.12 6.27 4.32 2.07
Price-to-Free Cash Flow (P/FCF) Ratio
81.13 23.62 15.96 6.64 7.73
Price-to-Operating Cash Flow Ratio
9.48 6.08 7.02 5.19 3.51
Price-to-Earnings Growth (PEG) Ratio
0.81 -2.20 0.16 -0.21 <0.01
Price-to-Fair Value
13.49 7.12 6.27 4.32 2.07
Enterprise Value Multiple
11.42 8.16 9.91 10.84 -43.71
Enterprise Value
51.42B 32.38B 28.05B 18.42B 13.68B
EV to EBITDA
11.42 8.16 9.91 10.84 -43.71
EV to Sales
2.97 2.02 1.34 1.09 1.66
EV to Free Cash Flow
120.29 39.19 26.81 10.24 17.26
EV to Operating Cash Flow
13.97 10.08 11.78 8.00 7.84
Tangible Book Value Per Share
4.14 9.86 9.69 20.95 20.77
Shareholders’ Equity Per Share
11.95 12.20 11.73 12.08 12.73
Tax and Other Ratios
Effective Tax Rate
0.21 0.19 0.08 0.03 0.16
Revenue Per Share
79.82 71.51 92.08 74.15 35.57
Net Income Per Share
7.04 5.99 3.95 1.85 -5.71
Tax Burden
0.68 0.69 0.54 0.97 0.84
Interest Burden
0.74 0.74 0.79 0.53 1.33
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.02 0.02 0.01 0.02 0.03
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
Income Quality
2.07 2.03 1.55 5.46 -1.32
Currency in USD
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