Target Corporation (TGT)
Current ratio
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 19,454,000 | 17,498,000 | 17,846,000 | 21,573,000 | 20,756,000 |
| Total current liabilities | US$ in thousands | 20,799,000 | 19,304,000 | 19,500,000 | 21,747,000 | 20,125,000 |
| Current ratio | 0.94 | 0.91 | 0.92 | 0.99 | 1.03 |
February 1, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $19,454,000K ÷ $20,799,000K
= 0.94
The current ratio of Target Corporation has shown a declining trend over the past five years. As of February 1, 2025, the current ratio stands at 0.94, indicating that the company may have difficulty meeting its short-term obligations with its current assets alone. This ratio suggests a potential liquidity risk for the company as its current assets may not be sufficient to cover its current liabilities. Target Corporation may need to closely monitor its liquidity position and take necessary steps to improve its current ratio in order to enhance its financial stability and ability to meet its short-term obligations effectively.
Peer comparison
Feb 1, 2025