Target Corporation (TGT)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 17,498,000 | 17,846,000 | 21,573,000 | 20,756,000 | 12,902,000 |
| Total current liabilities | US$ in thousands | 19,304,000 | 19,500,000 | 21,747,000 | 20,125,000 | 14,487,000 |
| Current ratio | 0.91 | 0.92 | 0.99 | 1.03 | 0.89 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $17,498,000K ÷ $19,304,000K
= 0.91
The current ratio for Target Corporation has trended downward over the past five years, standing at 0.91 as of February 3, 2024. This indicates that the company's current assets may not be sufficient to cover its current liabilities. While the ratio has fluctuated over the years, it has generally been below the ideal ratio of 1, suggesting potential liquidity concerns for Target. Further analysis of the components of current assets and liabilities would be necessary to fully understand the underlying factors impacting the current ratio and to assess the company's short-term financial health.
Peer comparison
Feb 3, 2024