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 forth quarter 2020, Quick Ratio fell to 0.12 below Targa Resources Partners Lp average.

Within Natural Gas Utilities industry 26 other companies have achieved higher Quick Ratio than Targa Resources Partners Lp in forth quarter 2020. While Quick Ratio total ranking in the forth quarter 2020 has deteriorated compared to the prior quarter from 4061 to 4113.

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

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NGLS Quick Ratio	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter	(Mar 31 2020) I. Quarter	(Dec 31 2019) IV. Quarter
Y / Y Current Liabilities Change	-2.46 %	-14.31 %	-17.61 %	-39.23 %	-31.73 %
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	0.15
NGLS's Total Ranking	# 4113	# 4061	# 3429	# 3456	# 3520
Seq. Current Liabilities Change	26.69 %	4.56 %	10.93 %	-33.62 %	11.29 %
Seq. Cash & cash equivalent Change	-35.41 %	33.22 %	-20.99 %	16.87 %	-1.29 %

New: More NGLS's historic Quick Ratios >>

Quick Ratio forth quarter 2020 Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 27
Utilities Sector	# 53
Overall Market	# 4113

Quick Ratio Statistics
High	Average	Low
0.26	0.12	0.05
(Mar 31 2020)		(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) IV. Quarter	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter	(Mar 31 2020) I. Quarter	(Dec 31 2019) IV. Quarter
Y / Y Current Liabilities TTM Growth	-2.46 %	-14.31 %	-17.61 %	-39.23 %	-31.73 %
Y / Y Cash & cash equivalent TTM Growth	-20.54 %	21.43 %	37.28 %	204.57 %	43.19 %
Quick Ratio TTM	0.19	0.2	0.18	0.16	0.12
Total Ranking TTM	# 4813	# 3227	# 3221	# 3186	# 3659
Seq. Current Liabilities TTM Growth	26.69 %	4.56 %	10.93 %	-33.62 %	11.29 %
Seq. Cash & cash equivalent TTM Growth	-35.41 %	33.22 %	-20.99 %	16.87 %	-1.29 %

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 In spite of the year on year decrease in NGLS's Current Liabilities to $1,921.70 millions, cumulative Quick Ratio to 0.19 above the company average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Natural Gas Utilities industry 49 other companies have achieved higher Quick Ratio than Targa Resources Partners Lp. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2020 from 3227 to 4813.

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	# 50
Utilities Sector	# 122
Within the Market	# 4813

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 Ratio	Dec 31 2020 MRQ Cash & cash equivalent	Dec 31 2020 MRQ Current Liabilities
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
Summit Midstream Partners Lp	0.23	$ 15.544 Millions	$ 68.408 Millions
Ugi Corporation	0.20	$ 416.000 Millions	$ 2,097.000 Millions
Sempra	0.14	$ 982.000 Millions	$ 6,839.000 Millions
Targa Resources Corp	0.14	$ 242.800 Millions	$ 1,779.400 Millions
Stabilis Solutions Inc	0.13	$ 1.814 Millions	$ 14.229 Millions
National Fuel Gas Company	0.12	$ 109.413 Millions	$ 906.183 Millions
Targa Resources Partners Lp	0.12	$ 231.300 Millions	$ 1,921.700 Millions
Southwest Gas Holdings Inc	0.09	$ 83.352 Millions	$ 911.967 Millions
Brookfield Infrastructure Corporation	0.07	$ 192.000 Millions	$ 2,760.000 Millions
Enlink Midstream Llc	0.07	$ 39.600 Millions	$ 597.500 Millions
Energy Transfer Lp	0.06	$ 367.000 Millions	$ 5,923.000 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
Northwest Natural Holding Company	0.05	$ 30.168 Millions	$ 627.083 Millions
New Jersey Resources Corporation	0.04	$ 22.358 Millions	$ 518.672 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
Crestwood Equity Partners Lp	0.04	$ 14.000 Millions	$ 377.800 Millions
Enbridge Inc	0.03	$ 346.232 Millions	$ 10,707.914 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: -0001-11-30T00:00:00+00:00

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