Targa Resources Inc (TRGP) — Tangible Net Worth Ratio
Targa Resources Inc (TRGP) has a Tangible Net Worth Ratio of 38.8% as of September 2025. This metric is calculated by deducting intangible assets ($1.73 Billion) from net assets ($2.83 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See TRGP working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Targa Resources Inc Tangible Net Worth Ratio (2008–2024)
This chart shows how Targa Resources Inc's Tangible Net Worth Ratio has changed across 17 annual periods from 2008 to 2024. As of September 2025, the ratio stands at 38.8%, reflecting net assets of $2.83 Billion with intangible assets of $1.73 Billion USD. See defensive interval ratio of Targa Resources Inc to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Targa Resources Inc (2008–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Targa Resources Inc from 2008 to 2024, covering 17 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see how much is Targa Resources Inc worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 55.2% | $4.42 Billion | $1.98 Billion | $22.73 Billion | ▲ +6.2 pp |
| 2023 | 49.0% | $4.61 Billion | $2.35 Billion | $20.67 Billion | ▲ +3.9 pp |
| 2022 | 45.1% | $4.98 Billion | $2.73 Billion | $19.56 Billion | ▼ -33.7 pp |
| 2021 | 78.9% | $5.18 Billion | $1.09 Billion | $15.21 Billion | ▲ +2.3 pp |
| 2020 | 76.6% | $5.90 Billion | $1.38 Billion | $15.88 Billion | ▼ -2.9 pp |
| 2019 | 79.5% | $8.44 Billion | $1.74 Billion | $18.82 Billion | ▲ +6.0 pp |
| 2018 | 73.5% | $7.47 Billion | $1.98 Billion | $16.94 Billion | ▲ +4.5 pp |
| 2017 | 68.9% | $6.97 Billion | $2.17 Billion | $14.39 Billion | ▼ -3.1 pp |
| 2016 | 72.0% | $5.92 Billion | $1.65 Billion | $12.87 Billion | ▲ +1.0 pp |
| 2015 | 71.0% | $6.25 Billion | $1.81 Billion | $13.25 Billion | ▼ -5.7 pp |
| 2014 | 76.7% | $2.54 Billion | $591.90 Million | $6.45 Billion | ▲ +7.9 pp |
| 2013 | 68.8% | $2.09 Billion | $653.40 Million | $6.05 Billion | ▲ +7.6 pp |
| 2012 | 61.2% | $1.75 Billion | $680.80 Million | $5.11 Billion | ▼ -38.8 pp |
| 2011 | 100.0% | $1.33 Billion | $0.00 | $3.83 Billion | ▲ +0.0 pp |
| 2010 | 100.0% | $1.04 Billion | $0.00 | $3.39 Billion | ▲ +0.0 pp |
| 2009 | 100.0% | $754.90 Million | $0.00 | $3.37 Billion | ▲ +0.0 pp |
| 2008 | 100.0% | $822.00 Million | $0.00 | $3.64 Billion | — |