Current Ratio

The current ratio measures a company's ability to pay short-term obligations with its short-term assets; a value below 1.0x, like TRGP's 0.72x, suggests it has fewer liquid assets than liabilities due within a year.

Among sector peers, TRGP's current ratio is well below the sector median of 1.21x, placing it in the 14th percentile — meaning 86% of peers have a higher current ratio. Trend data is not available: the year-over-year change, quarter-over-quarter change, and trend over the last eight quarters are all listed as N/A, so no direction can be inferred. The combination of a low current ratio with no trend history implies a potential liquidity risk that is not offset by any recent improvement, but the absence of trend makes it unclear whether conditions are stable or worsening. This supports the overall NEUTRAL verdict because while the low ratio raises caution, the lack of trend data prevents a definitive bearish call, and other metrics likely balance the assessment.

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