Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 70.62% is 16% above its 5-year average of 60.99%, near the high end of its 5-year range (42.49%–72.11%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.41% below its 12-month average of 70.91%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 70.62%.
DEBT TO ASSETS RATIO
70.62%
DEBT TO ASSETS RATIO AVG TTM
70.91%
DEBT TO ASSETS RATIO AVG 3Y
67.08%
DEBT TO ASSETS RATIO AVG 5Y
60.99%
DEBT TO ASSETS RATIO AVG 10Y
50.87%
DEBT TO ASSETS RATIO AVG 15Y
49.02%
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-0.41%
CURRENT VS 3Y AVG
+5.27%
CURRENT VS 5Y AVG
+15.78%
CURRENT VS 10Y AVG
+38.80%
CURRENT VS 15Y AVG
+44.06%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
0.23%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+31284.54%
vs the sector median at left
Targa Resources Corp.
Market Cap
$62.11B
Debt to Assets Ratio
70.62%
TTM Avg
70.91%
3Y Avg
67.08%
5Y Avg
60.99%
Market Cap
$62.96B
Debt to Assets Ratio
0.51%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$57.41B
Debt to Assets Ratio
0.31%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$56.94B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$53.24B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$52.35B
Debt to Assets Ratio
0.17%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Targa Resources Corp. (TRGP) | $62.11B | 70.62% | 70.91% | 67.08% | 60.99% |
| TC Energy Corporation (TRP)vs › | $62.96B | 0.51% | N/A | N/A | N/A |
| MPLX Lp (MPLX)vs › | $59.96B | 0.60% | N/A | N/A | N/A |
| ONEOK, Inc. (OKE)vs › | $57.85B | 0.48% | N/A | N/A | N/A |
| Baker Hughes Company (BKR)vs › | $57.41B | 0.31% | N/A | N/A | N/A |
| Occidental Petroleum Corporation (OXY)vs › | $56.94B | 0.18% | N/A | N/A | N/A |
| Kinder Morgan, Inc. (KMI)vs › | $70.63B | 0.44% | N/A | N/A | N/A |
| Diamondback Energy, Inc. (FANG)vs › | $53.24B | 0.18% | N/A | N/A | N/A |
| Devon Energy Corporation (DVN)vs › | $52.35B | 0.17% | N/A | N/A | N/A |
| Energy Transfer LP (ET)vs › | $71.92B | 0.47% | N/A | N/A | N/A |
Debt/Assets
70.6%
Debt/Equity
5.51
Current Ratio
0.77
Interest Coverage
4.0x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 70.62% |
| 2026-03-31 | 70.58% |
| 2025-12-31 | 69.58% |
| 2025-09-30 | 72.11% |
| 2025-06-30 | 71.67% |
| 2025-03-31 | 71.09% |
| 2024-12-31 | 62.75% |
| 2024-09-30 | 65.45% |
| 2024-06-30 | 64.18% |
| 2024-03-31 | 63.00% |
| 2023-12-31 | 62.94% |
| 2023-09-30 | 64.17% |
| 2023-06-30 | 63.91% |
| 2023-03-31 | 64.15% |
| 2022-12-31 | 59.13% |
| 2022-09-30 | 58.06% |
| 2022-06-30 | 48.65% |
| 2022-03-31 | 47.39% |
| 2021-12-31 | 43.61% |
| 2021-09-30 | 42.49% |
| 2021-06-30 | 45.26% |
| 2021-03-31 | 47.11% |
| 2020-12-31 | 49.14% |
| 2020-09-30 | 49.30% |
| 2020-06-30 | 49.12% |
| 2020-03-31 | 49.42% |
| 2019-12-31 | 41.83% |
| 2019-09-30 | 39.84% |
| 2019-06-30 | 38.21% |
| 2019-03-31 | 42.60% |
| 2018-12-31 | 39.32% |
| 2018-09-30 | 36.02% |
| 2018-06-30 | 35.73% |
| 2018-03-31 | 36.36% |
| 2017-12-31 | 35.12% |
| 2017-09-30 | 34.98% |
| 2017-06-30 | 31.88% |
| 2017-03-31 | 34.78% |
| 2016-12-31 | 37.92% |
| 2016-09-30 | 37.92% |
| 2016-06-30 | 38.49% |
| 2016-03-31 | 39.16% |
| 2015-12-31 | 45.13% |
| 2015-09-30 | 45.27% |
| 2015-06-30 | 44.34% |
| 2015-03-31 | 44.30% |
| 2014-12-31 | 47.54% |
| 2014-09-30 | 48.32% |
| 2014-06-30 | 48.17% |
| 2014-03-31 | 47.76% |
| 2013-12-31 | 49.42% |
| 2013-09-30 | 50.09% |
| 2013-06-30 | 50.45% |
| 2013-03-31 | 48.99% |
| 2012-12-31 | 48.49% |
| 2012-09-30 | 45.11% |
| 2012-06-30 | 42.59% |
| 2012-03-31 | 39.74% |
| 2011-12-31 | 40.90% |
| 2011-09-30 | 42.30% |
| 2011-06-30 | 36.15% |
| 2011-03-31 | 38.18% |
| 2010-12-31 | 45.22% |
| 2010-09-30 | 50.45% |
| 2010-06-30 | 48.93% |
| 2009-12-31 | 47.69% |
