Targa Resources Inc (TRGP) — Tangible Net Worth Ratio
Targa Resources Inc (TRGP) has a Tangible Net Worth Ratio of 44.5% as of June 2026. This metric is calculated by deducting intangible assets ($2.11 Billion) from net assets ($3.80 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. Also explore Targa Resources Inc (TRGP) equity growth momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Targa Resources Inc Tangible Net Worth Ratio (2008–2025)
This chart shows how Targa Resources Inc's Tangible Net Worth Ratio has changed across 18 annual periods from 2008 to 2025. As of June 2026, the ratio stands at 44.5%, reflecting net assets of $3.80 Billion with intangible assets of $2.11 Billion USD. For live market cap and overall valuation, see market value of Targa Resources Inc.
Annual Tangible Net Worth Ratio for Targa Resources Inc (2008–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Targa Resources Inc from 2008 to 2025, covering 18 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. Explore Targa Resources Inc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 48.4% | $3.20 Billion | $1.65 Billion | $25.22 Billion | ▼ -6.9 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 | — |