Targa Resources (TRGP)
Create an AlertTarga Resources Current Ratio:
0.997 for March 31, 2013Targa Resources Historical Current Ratio Data
Pro Data ExportThere is no data for the selected date range.
| Data for this Date Range | |
|---|---|
| March 31, 2013 | 0.997 |
| Dec. 31, 2012 | 1.068 |
| Sept. 30, 2012 | 1.266 |
| June 30, 2012 | 1.332 |
| March 31, 2012 | 1.188 |
| Dec. 31, 2011 | 1.169 |
| Sept. 30, 2011 | 1.322 |
| June 30, 2011 | 1.109 |
| March 31, 2011 | 1.183 |
| Dec. 31, 2010 | 1.202 |
| Sept. 30, 2010 | 1.497 |
| June 30, 2010 | 1.222 |
| March 31, 2010 | |
| Dec. 31, 2009 | 1.345 |
About Current Ratio
The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. The ratio illustrates a company's ability to remain solvent.
A current ratio of one means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning current assets twice as large as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.
Other similar solvency ratios include :
Cash Ratio - Measures the amount of cash that can be used to pay liabilities (most strict)
Quick Ratio - Measures the amount of cash, short term equivalents, and accounts receivables that can be used to pay liabilities (more lenient than cash ratio, but stricter than current ratio)
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TRGP Current Ratio Benchmarks
| Companies | |
|---|---|
| Targa Resources Partners | 0.9502 |
| Atlas Energy | 0.6651 |
| PBF Energy | 1.395 |
TRGP Current Ratio Rankings
| Overall |
60th percentile 6635 of 16782 |
| Sector |
59th percentile 421 of 1029 in Energy |
| Industry |
57th percentile 27 of 63 in Oil & Gas Midstream |
TRGP Current Ratio Range, Past 5 Years
| Minimum | 0.9970 | Mar 2013 |
| Maximum | 1.497 | Sep 2010 |
| Average | 1.223 |
