TRGPNEUTRAL

TRGP Quick Ratio Analysis

0.61x

Updated 201h ago·SEC filings & market data

Key Takeaway

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.

Sector Performance

40th percentile

TRGP

0.61x

Sector Median

0.72x

Sector Avg

2.70x

Prior Period

0.53x(Jul 2026)

↑ Improving

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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: OMC (0.67x), KO (0.66x), SIEGY (0.64x), TAP (0.60x), LW (0.60x).

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Learn More About Quick Ratio

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Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

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.