Quick Ratio
Updated 219h ago
Sector Performance
32th percentileTRGP
0.53x
Sector Median
0.72x
Sector Avg
3.05x
Deep Analysis
The quick ratio of 0.53x means the company has only $0.53 in cash, marketable securities, and receivables for every $1 of short-term liabilities—a measure of near-term liquidity.
This level sits below the sector median of 0.74x, placing TRGP in the 30th percentile among peers, indicating tighter liquidity relative to the industry. Year-over-year change is not available, but the quarter-over-quarter improvement of +15.2% (from 0.46x to 0.53x) shows recent progress in strengthening the metric. The combination of a low absolute ratio with a positive short-term trend points to elevated liquidity risk that is gradually being addressed, creating a mixed picture for investors. This metric supports the overall NEUTRAL verdict, as the weak coverage is offset by the improving trajectory, neither strongly bullish nor bearish on its own.
Frequently Asked Questions
What does the Quick Ratio tell investors about TRGP?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
Who are TRGP's closest peers by Quick Ratio?
The closest peers by Quick Ratio include: EXR (0.16x), AWK (0.13x), DRI (0.13x), NIO (0.13x), SRE (0.11x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
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0.53x
Sector Median
0.72x
Sector Avg
3.05x
How TRGP's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.