Targa Resources Partners Lp Quick Ratio (NGLS) starting from the fourth quarter 2020 to fourth quarter 2019, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Targa Resources Partners Lp  (NGLS)
    Sector • Utilities    Industry • Natural Gas Utilities
   Industry • Natural Gas Utilities
   Sector • Utilities

Targa Resources Partners Lp's Quick Ratio

NGLS's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the fourth quarter 2020, Quick Ratio fell to 0.12 below Targa Resources Partners Lp average.

Within Natural Gas Utilities industry 31 other companies have achieved higher Quick Ratio than Targa Resources Partners Lp in fourth quarter 2020. While Quick Ratio total ranking in the fourth quarter 2020 has deteriorated compared to the prior quarter from 4061 to 5232.

Explain Quick Ratio?
How much Cash & cash equivalents NGLS´s has?
What are NGLS´s Current Liabilities?



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NGLS Quick Ratio (Dec 31 2020)
Q4		 (Sep 30 2020)
Q3		 (Jun 30 2020)
Q2		 (Mar 31 2020)
Q1		 (Dec 31 2019)
Q4
Y / Y Current Liabilities Change 9.68 % -14.31 % -17.61 % -39.23 % -39.29 %
Y / Y Cash & cash equivalent Change -20.54 % 21.43 % 37.28 % 204.57 % 43.19 %
Quick Ratio MRQ 0.12 0.24 0.19 0.26 0.17
NGLS's Total Ranking # 5232 # 4061 # 3429 # 3456 # 3520
Seq. Current Liabilities Change 26.69 % 4.56 % 10.93 % -25.36 % -1.03 %
Seq. Cash & cash equivalent Change -35.41 % 33.22 % -20.99 % 16.87 % -1.29 %



Quick Ratio fourth quarter 2020 Company Ranking
Within: No.
Natural Gas Utilities Industry # 32
Utilities Sector # 71
Overall Market # 5232


Quick Ratio Statistics
High Average Low
2.67 0.18 0.05
(Dec 31 2009)   (Mar 31 2017)




Financial Statements
Targa Resources Partners Lp's Current Liabilities $ 1,922 Millions Visit NGLS's Balance sheet
Targa Resources Partners Lp's Cash & cash equivalent $ 231 Millions Visit NGLS's Balance sheet
Source of NGLS's Sales Visit NGLS's Sales by Geography


Cumulative Targa Resources Partners Lp's Quick Ratio

NGLS's Quick Ratio for the trailling 12 Months

NGLS Quick Ratio

 (Dec 31 2020)
12 Months		 (Sep 30 2020)
12 Months		 (Jun 30 2020)
12 Months		 (Mar 31 2020)
12 Months		 (Dec 31 2019)
12 Months
Y / Y Current Liabilities TTM Growth -16.65 % -29.66 % -33.09 % -31.32 % -15.81 %
Y / Y Cash & cash equivalent TTM Growth 34.12 % 56.16 % 71.13 % 46.23 % 3.62 %
Quick Ratio TTM 0.19 0.21 0.19 0.17 0.12
Total Ranking TTM # 4804 # 4804 # 4810 # 3186 # 3659
Seq. Current Liabilities TTM Growth 2.81 % -4.03 % -4.7 % -11.35 % -13.23 %
Seq. Cash & cash equivalent TTM Growth -4.75 % 5.29 % 6.51 % 25.57 % 10.9 %

Quick ratio ranking by company, industry and sector >> Back to NGLS Financial Strength Comparisons >> Go to Compare NGLS Quick Ratio to its Competitors

On the trailing twelve months basis Due to growth in Current Liabilities in the Q4 2020 to $1,921.70 millions, cumulative Quick Ratio decreased to 0.19 above the NGLS average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Natural Gas Utilities industry 50 other companies have achieved higher Quick Ratio than Targa Resources Partners Lp. While overall ranking is unchanged compared to the previous 12 months at no. 4804.

Explain Quick Ratio?
How much Cash & cash equivalents NGLS´s has?
What are NGLS´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Natural Gas Utilities Industry # 51
Utilities Sector # 125
Within the Market # 4804


trailing twelve months Quick Ratio Statistics
High Average Low
0.2 0.11 0.06
(Sep 30 2020)   (Sep 30 2017)




Companies with similar Quick Ratio in the quarter ending Dec 31 2020, within Natural Gas Utilities Industry Quick RatioDec 31 2020 MRQ Cash & cash equivalentDec 31 2020 MRQ Current Liabilities
Delek Logistics Partners Lp  0.30 $ 4.243  Millions$ 14.080  Millions
Holly Energy Partners Lp  0.28 $ 21.990  Millions$ 79.745  Millions
Kinder Morgan Inc   0.25 $ 1,209.000  Millions$ 4,767.000  Millions
Clean Energy Fuels Corp   0.24 $ 29.528  Millions$ 125.142  Millions
Summit Midstream Partners Lp  0.23 $ 15.544  Millions$ 68.408  Millions
New Jersey Resources Corporation  0.22 $ 117.012  Millions$ 533.722  Millions
Ugi Corporation  0.19 $ 336.000  Millions$ 1,755.000  Millions
Venture Global Inc   0.17 $ 43.078  Millions$ 253.236  Millions
Tc Energy Corporation  0.14 $ 1,311.064  Millions$ 9,399.357  Millions
Targa Resources Corp   0.14 $ 242.800  Millions$ 1,779.400  Millions
Stabilis Solutions Inc   0.13 $ 1.814  Millions$ 14.229  Millions
Targa Resources Partners Lp  0.12 $ 231.300  Millions$ 1,921.700  Millions
Ultrapar Holdings Inc   0.12 $ 582.954  Millions$ 5,026.693  Millions
Southwest Gas Holdings Inc   0.10 $ 83.352  Millions$ 865.255  Millions
Archaea Energy Inc   0.09 $ 1.335  Millions$ 15.029  Millions
Enlink Midstream Llc  0.07 $ 39.600  Millions$ 597.500  Millions
Williams companies inc   0.06 $ 142.000  Millions$ 2,319.000  Millions
Energy Transfer Operating L p   0.06 $ 366.000  Millions$ 6,067.000  Millions
Brookfield Infrastructure Corporation  0.06 $ 192.000  Millions$ 3,265.000  Millions
Energy Transfer Lp  0.06 $ 367.000  Millions$ 6,293.000  Millions
Northwest Natural Holding Company  0.05 $ 30.168  Millions$ 613.271  Millions
National Fuel Gas Company  0.04 $ 20.541  Millions$ 459.573  Millions
Genesis Energy Lp  0.04 $ 24.582  Millions$ 560.263  Millions
Clean Energy Technologies Inc   0.04 $ 0.415  Millions$ 9.786  Millions
Dcp Midstream Lp  0.04 $ 66.000  Millions$ 1,621.000  Millions
Magellan Midstream Partners L p   0.04 $ 13.036  Millions$ 345.573  Millions
Crestwood Equity Partners Lp  0.04 $ 14.000  Millions$ 377.800  Millions
Enbridge Inc   0.03 $ 346.232  Millions$ 10,802.794  Millions
South Jersey Industries Inc   0.03 $ 34.077  Millions$ 1,163.632  Millions
Noble Midstream Partners Lp  0.03 $ 16.332  Millions$ 581.615  Millions

Date modified: 2026-09-08T15:22:07+00:00



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