Targa Resources (MEX:TRGP) Interest Expense : MXN-14,365 Mil (TTM As of Dec. 2024)

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What is Targa Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Targa Resources's interest expense for the three months ended in Dec. 2024 was MXN -3,706 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was MXN-14,365 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Targa Resources's Operating Income for the three months ended in Dec. 2024 was MXN 14,609 Mil. Targa Resources's Interest Expense for the three months ended in Dec. 2024 was MXN -3,706 Mil. Targa Resources's Interest Coverage for the quarter that ended in Dec. 2024 was 3.94. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Targa Resources Interest Expense Historical Data

The historical data trend for Targa Resources's Interest Expense 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.

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Targa Resources Interest Expense Chart

Targa Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-7,783.74

-7,957.38

-8,697.17

-11,674.89

-16,000.49

Targa Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-3,021.42	-3,793.90	-3,224.34	-3,640.74	-3,706.06

Targa Resources Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-14,365 Mil.

Targa Resources (MEX:TRGP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Targa Resources's Interest Expense for the three months ended in Dec. 2024 was MXN-3,706 Mil. Its Operating Income for the three months ended in Dec. 2024 was MXN14,609 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was MXN289,421 Mil.

Targa Resources's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	14609.418	/	-3706.058
	=	3.94

The higher the ratio, the stronger the company's financial strength is.

Targa Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (MEX:TRGP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TRGP:USA 0LD9:UK TAR:Germany TAR:Germany

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

https://www.targaresources.com

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.