Targa Resources Inc (TRGP) - Total Assets
Based on the latest financial reports, Targa Resources Inc (TRGP) holds total assets worth $24.17 Billion USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore Targa Resources Inc cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Targa Resources Inc - Total Assets Trend (2008–2024)
This chart illustrates how Targa Resources Inc's total assets have evolved over time, based on quarterly financial data. See TRGP total equity for net asset value and shareholders' equity analysis.
Targa Resources Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Targa Resources Inc's total assets of $24.17 Billion consist of 10.1% current assets and 89.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.7% |
| Accounts Receivable | $1.62 Billion | 7.1% |
| Inventory | $334.30 Million | 1.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.98 Billion | 8.7% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2008–2024)
This chart illustrates how Targa Resources Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see Targa Resources Inc (TRGP) market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Targa Resources Inc's current assets represent 10.1% of total assets in 2024, a decrease from 23.5% in 2008.
- Cash Position: Cash and equivalents constituted 0.7% of total assets in 2024, down from 10.0% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 8.0% of total assets, an increase from 0.0% in 2008.
- Asset Diversification: The largest asset category is intangible assets at 8.7% of total assets.
Targa Resources Inc Competitors by Total Assets
Key competitors of Targa Resources Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Frontline Ltd
OL:FRO
|
Norway | Nkr5.75 Billion |
|
Plains GP Holdings LP
NASDAQ:PAGP
|
USA | $32.76 Billion |
|
Topaz Energy Corp
TO:TPZ
|
Canada | CA$2.20 Billion |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
Argentina | AR$1.30 Trillion |
|
CMB.TECH NV
BR:CMBT
|
Belgium | €8.37 Billion |
|
Fluxys Belgium
BR:FLUX
|
Belgium | €3.28 Billion |
|
Enbridge Inc
TO:ENB
|
Canada | CA$318.47 Billion |
|
TC Energy Corp
TO:TRP
|
Canada | CA$120.83 Billion |
Targa Resources Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.77 | 0.77 | 0.82 |
| Quick Ratio | 0.61 | 0.61 | 0.72 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-667.60 Million | $-599.10 Million | $-319.10 Million |
Targa Resources Inc - Advanced Valuation Insights
This section examines the relationship between Targa Resources Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 17.26 |
| Latest Market Cap to Assets Ratio | 2.06 |
| Asset Growth Rate (YoY) | 10.0% |
| Total Assets | $22.73 Billion |
| Market Capitalization | $46.85 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Targa Resources Inc's assets at a significant premium (2.06x), suggesting investors see substantial growth potential or unique competitive advantages.
Positive Asset Growth: Targa Resources Inc's assets grew by 10.0% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Targa Resources Inc (2008–2024)
The table below shows the annual total assets of Targa Resources Inc from 2008 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $22.73 Billion | +9.98% |
| 2023-12-31 | $20.67 Billion | +5.68% |
| 2022-12-31 | $19.56 Billion | +28.61% |
| 2021-12-31 | $15.21 Billion | -4.20% |
| 2020-12-31 | $15.88 Billion | -15.62% |
| 2019-12-31 | $18.82 Billion | +11.08% |
| 2018-12-31 | $16.94 Billion | +17.72% |
| 2017-12-31 | $14.39 Billion | +11.79% |
| 2016-12-31 | $12.87 Billion | -2.89% |
| 2015-12-31 | $13.25 Billion | +105.37% |
| 2014-12-31 | $6.45 Billion | +6.69% |
| 2013-12-31 | $6.05 Billion | +18.48% |
| 2012-12-31 | $5.11 Billion | +33.26% |
| 2011-12-31 | $3.83 Billion | +12.88% |
| 2010-12-31 | $3.39 Billion | +0.78% |
| 2009-12-31 | $3.37 Billion | -7.53% |
| 2008-12-31 | $3.64 Billion | -- |
About Targa Resources Inc
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas;… Read more