Targa Exploration (XCNQ:TEX) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Targa Exploration Debt-to-Equity?

Targa Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Targa Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Targa Exploration's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$1.26 Mil. Targa Exploration's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Targa Exploration's Debt-to-Equity or its related term are showing as below:

XCNQ:TEX's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Targa Exploration Debt-to-Equity Historical Data

The historical data trend for Targa Exploration's Debt-to-Equity 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.

* Premium members only.

Targa Exploration Debt-to-Equity Chart

Targa Exploration Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

N/A

Targa Exploration Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Targa Exploration's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Targa Exploration's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Targa Exploration's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Targa Exploration's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Targa Exploration's Debt-to-Equity falls into.

Targa Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Targa Exploration's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	1.042
	=	0.00

Targa Exploration's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	1.255
	=	0.00

Targa Exploration (XCNQ:TEX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Targa Exploration Debt-to-Equity Related Terms

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Targa Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Targa Exploration Corp (XCNQ:TEX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TRGEF:USA V6Y:Germany

Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E 3V7

Website

https://www.targaexploration.com

Targa Exploration Corp is engaged in the acquisition, exploration, and development of mineral properties in Canada and currently has an interest in the Shanghai property located in the Mayo Mining District, Yukon Territory. The projects of the company include the Opinaca lithium project, Superior lithium projects, Shanghai gold-silver project, and others.

Executives

Andrew Rockandel

Director