Targa Resources Corp
NYSE:TRGP
Bankruptcy Probability
Targa Resources Corp's probability of bankruptcy is 8%, signalling a meaningful chance of default. The solvency score is 27/100 — a sign of moderate financial strength.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Solvency Ratios
Solvency Ratios Comparison
Targa Resources Corp Competitors
| Country | Company | Market Cap | D/E | D/A |
Interest Coverage |
Altman Z-Score |
Quick Ratio |
Current Ratio |
Cash Ratio |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| US |
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Targa Resources Corp
NYSE:TRGP
|
51.2B USD |
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| CA |
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Enbridge Inc
TSX:ENB
|
159.9B CAD |
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| US |
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Williams Companies Inc
NYSE:WMB
|
90.7B USD |
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| US |
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Enterprise Products Partners LP
NYSE:EPD
|
81.1B USD |
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| US |
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Kinder Morgan Inc
NYSE:KMI
|
74.3B USD |
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| CA |
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TC Energy Corp
TSX:TRP
|
90B CAD |
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| US |
|
Energy Transfer LP
NYSE:ET
|
64.6B USD |
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| US |
|
MPLX LP
NYSE:MPLX
|
59.4B USD |
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| US |
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Cheniere Energy Inc
NYSE:LNG
|
55.2B USD |
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| US |
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ONEOK Inc
NYSE:OKE
|
54.4B USD |
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| US |
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Cheniere Energy Partners LP
NYSE:CQP
|
30.8B USD |
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Targa Resources Corp's probability of bankruptcy is 9.5%, signalling a meaningful chance of default.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, Targa Resources Corp has total debt of 16.7B USD. This includes both short-term (0 USD) and long-term (16.7B USD) debt.
You can find a full breakdown on its Balance Sheet.
