Targa Resources TRGP Current ratio
Current ratio at other companies
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Where this comes from
Calculated from Targa Resources’s reported figures.
Based on the most recent quarter.
The official record: Targa Resources’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Targa Resources's current ratio?
- Targa Resources (TRGP) reported current ratio of 0.7× in Q1 2026.
- How has Targa Resources's current ratio changed year-over-year?
- Targa Resources's current ratio increased by 10.6% year-over-year, from 0.6× to 0.7×.
- What is the long-term trend for Targa Resources's current ratio?
- Over 4 years (2021 to 2025), Targa Resources's current ratio has grown at a -0.9% compound annual growth rate (CAGR), from 2.9× to 2.8×.
- What does current ratio mean?
- Whether the company has enough short-term assets to cover its short-term bills.
- How do you interpret current ratio?
- Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
- How does current ratio compare across companies?
- Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.