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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Targa Resources's total current liabilities for the quarter that ended in Dec. 2023 was $2,761
The historical data trend for Targa Resources's Total Current Liabilities can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Targa Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 1,872.60 | 1,779.40 | 2,298.50 | 3,066.70 | 2,760.90 |
Targa Resources Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Current Liabilities | Get a 7-Day Free Trial | 3,066.70 | 2,466.60 | 2,320.60 | 2,682.10 | 2,760.90 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Targa Resources's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 2086.2 | + | 620.7 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 54 | + | 0 | |
= | 2,761 |
Targa Resources's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 2086.2 | + | 620.7 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 54 | + | 0 | |
= | 2,761 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.
Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.
Be Aware
Stay away from companies that roll over the debt e.g. Bear Stearns
When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.
His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.
Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term
Thank you for viewing the detailed overview of Targa Resources's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Muraro | officer: See Remarks | 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002 |
Julie H. Boushka | officer: Senior VP and CAO | 811 LOUISIANA, SUITE 2100, HOUSTON TX 77002 |
G Clark White | officer: EVP - Engineering & Operations | 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Regina Gregory | officer: See Remarks | 2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042 |
D. Scott Pryor | officer: See Remarks | 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002 |
Paul W Chung | officer: EVP, Gen. Counsel & Secretary | TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Charles R Crisp | director | 1301 MCKINNEY STE 700, HOUSTON TX 77010 |
Lindsey Cooksen | director | 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002 |
Rene R Joyce | director | P.O. BOX 130430, HOUSTON TX 77219-0430 |
Jennifer R. Kneale | officer: Chief Financial Officer | 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002 |
Joe Bob Perkins | director, officer: Chief Executive Officer | TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002 |
Patrick J. Mcdonie | officer: See Remarks | 110 W. 7TH STREET, SUITE 2300, TULSA OK 74119 |
Davis Waters S Iv | director | 10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242 |
Redd Ershel C Jr | director | C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901 |
Chris Tong | director | 600 E LAS COLINAS # 1100, IRVING TX 75019 |
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