Targa Resources (TRGP) Interest Coverage Ratio (2010 - 2015)

Targa Resources' (TRGP) quarterly Interest Coverage Ratio came in at 7.9 in Q4 2015, down 84.51% year-on-year from 50.97 in Q4 2014, and down 96.58% sequentially from 230.6 in Q3 2015.

Targa Resources (TRGP) Interest Coverage Ratio (2010 - 2015) Analysis & Trends

Targa Resources' Interest Coverage Ratio history runs 6 years deep, the most recent figure standing at 7.9 for Q4 2015.

  • In Q4 2015, Interest Coverage Ratio fell 84.51% year-over-year to 7.9; the TTM figure through Sep 2016 stood at 2.04 (down 98.57% YoY), while the FY2021 annual figure was 144.13, up 576.13% from the prior year.
  • Interest Coverage Ratio came in at 7.9 for Q4 2015 at Targa Resources, down from 230.6 in the prior quarter.
  • Over five years, Interest Coverage Ratio peaked at 230.6 in Q3 2015 and troughed at 1.74 in Q4 2013.
  • The 5-year median for Interest Coverage Ratio is 2.73 (2012), against an average of 19.01.
  • The widest annual swing landed in 2012, when Interest Coverage Ratio sank 125.81%; it then jumped 3026.57% in 2014.
  • A 5-year view of Interest Coverage Ratio shows it stood at 3.81 in 2011, then slumped by 125.81% to 0.98 in 2012, then plunged by 76.98% to 1.74 in 2013, then jumped by 3026.57% to 50.97 in 2014, then slumped by 84.51% to 7.9 in 2015.
  • Per Business Quant data, the three most recent Interest Coverage Ratio figures were 7.9 in Q4 2015, 230.6 in Q3 2015, and 50.97 in Q4 2014.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 2.64
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn -
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 4.92
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 3.15
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn -
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 4.17
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 3.25
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 1.99
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 2.59
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn 2.43

Historic Data

Download Data
DateValue
Dec 31, 2015 7.90
Sep 30, 2015 230.60
Dec 31, 2014 50.97
Jun 30, 2014 4.21
Mar 31, 2014 4.67
Dec 31, 2013 -1.74
Sep 30, 2013 2.65
Jun 30, 2013 1.88
Mar 31, 2013 2.30
Dec 31, 2012 -0.98
Sep 30, 2012 1.97
Jun 30, 2012 2.73
Mar 31, 2012 3.53
Dec 31, 2011 3.81
Sep 30, 2011 2.64
Jun 30, 2011 3.52
Mar 31, 2011 2.58
Jun 30, 2010 1.83