Targa Resources Corp. (TRGP) Quick Ratio (Acid-Test): 0.55
Is Targa Resources Corp.’s quick ratio (acid-test) high or low?
Targa Resources Corp.'s quick ratio (acid-test) of 0.55 is 15% below its 5-year average of 0.65, near the low end of its 5-year range (0.55–0.72).
As of Tuesday, June 23, 2026. 5.98% below its 12-month average of 0.58.
TRGP Quick Ratio (Acid-Test) Chart
TRGP Average Quick Ratio (Acid-Test) Chart
TRGP Current vs Average Quick Ratio (Acid-Test) Chart
TRGP Quick Ratio (Acid-Test) Metrics
QUICK RATIO (ACID-TEST)
0.55
QUICK RATIO (ACID-TEST) AVG TTM
0.58
QUICK RATIO (ACID-TEST) AVG 3Y
0.62
QUICK RATIO (ACID-TEST) AVG 5Y
0.65
QUICK RATIO (ACID-TEST) AVG 10Y
0.68
QUICK RATIO (ACID-TEST) AVG 15Y
0.77
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
-5.98%
CURRENT VS 3Y AVG
-10.93%
CURRENT VS 5Y AVG
-15.17%
CURRENT VS 10Y AVG
-18.57%
CURRENT VS 15Y AVG
-28.69%
CURRENT VS 20Y AVG
N/A
TRGP Competitors' Quick Ratio (Acid-Test)
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Targa Resources Corp. (TRGP) | $56.78B | 0.55 | 0.58 | 0.62 | 0.65 |
| ONEOK, Inc. (OKE)vs › | $54.37B | 0.56 | 0.65 | 0.65 | 0.71 |
| Occidental Petroleum Corporation (OXY)vs › | $51.72B | 0.74 | 0.73 | 0.76 | 0.81 |
| Cameco Corporation (CCJ)vs › | $47.48B | 1.68 | 1.24 | 1.94 | 2.60 |
| Suncor Energy Inc. (SU)vs › | $66.39B | 0.89 | 0.88 | 0.84 | 0.76 |
| Phillips 66 (PSX)vs › | $67.52B | 0.91 | 0.92 | 1.00 | 0.98 |
| EOG Resources, Inc. (EOG)vs › | $70.52B | 1.64 | 1.77 | 1.85 | 1.81 |
| SLB N.V. (SLB)vs › | $71.69B | 0.98 | 1.04 | 1.00 | 0.97 |
| Kinder Morgan, Inc. (KMI)vs › | $71.75B | 0.50 | 0.45 | 0.41 | 0.46 |
| Marathon Petroleum Corporation (MPC)vs › | $72.19B | 0.74 | 0.72 | 0.98 | 1.07 |
Liquidity Comparison
Quick Ratio
0.55
Excludes inventory
Current Ratio
0.67
Includes inventory
Targa Resources Corp. Quick Ratio (Acid-Test) Formula & Definition
Quick Ratio = (Current Assets − Inventory) / Current Liabilities
The quick ratio is a stricter liquidity measure that excludes inventory, showing the ability to meet short-term obligations with the most liquid assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Targa Resources Corp. Quick Ratio (Acid-Test) FAQ
- What is the quick ratio (acid-test) for Targa Resources Corp. (TRGP)?
- The quick ratio (acid-test) for TRGP stock is 0.55.
- Is Targa Resources Corp.'s quick ratio (acid-test) high or low?
- Targa Resources Corp.'s quick ratio (acid-test) of 0.55 is 15% below its 5-year average of 0.65, near the low end of its 5-year range (0.55–0.72).
- What is the TTM average quick ratio (acid-test) for Targa Resources Corp. (TRGP)?
- The TTM average quick ratio (acid-test) for TRGP stock is 0.58.
- What is the 3Y average quick ratio (acid-test) for Targa Resources Corp. (TRGP)?
- The 3Y average quick ratio (acid-test) for TRGP stock is 0.62.
- What is the 5Y average quick ratio (acid-test) for Targa Resources Corp. (TRGP)?
- The 5Y average quick ratio (acid-test) for TRGP stock is 0.65.
- What is the 10Y average quick ratio (acid-test) for Targa Resources Corp. (TRGP)?
- The 10Y average quick ratio (acid-test) for TRGP stock is 0.68.
- What is the 15Y average quick ratio (acid-test) for Targa Resources Corp. (TRGP)?
- The 15Y average quick ratio (acid-test) for TRGP stock is 0.77.
Targa Resources Corp. Quick Ratio (Acid-Test) History
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2025-12-31 | 0.55 |
| 2024-12-31 | 0.62 |
| 2023-12-31 | 0.66 |
| 2022-12-31 | 0.64 |
| 2021-12-31 | 0.70 |
| 2020-12-31 | 0.72 |
| 2019-12-31 | 0.80 |
| 2018-12-31 | 0.45 |
| 2017-12-31 | 0.66 |
| 2016-12-31 | 0.74 |
| 2015-12-31 | 0.89 |
| 2014-12-31 | 0.86 |
| 2013-12-31 | 0.97 |
| 2012-12-31 | 0.92 |
| 2011-12-31 | 1.04 |
| 2010-12-31 | 1.12 |
| 2009-12-31 | 1.27 |
| 2008-12-31 | 1.69 |
Related Metrics
About Targa Resources Corp.
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Matthew J. Meloy