Target Corporation (TGT)
Current ratio
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 19,454,000 | 20,554,000 | 17,918,000 | 17,078,000 | 17,498,000 | 18,599,000 | 16,098,000 | 15,773,000 | 17,846,000 | 20,393,000 | 18,453,000 | 17,953,000 | 21,573,000 | 22,576,000 | 20,231,000 | 19,931,000 | 20,756,000 | 20,309,000 | 17,623,000 | 14,615,000 |
| Total current liabilities | US$ in thousands | 20,799,000 | 21,792,000 | 19,984,000 | 19,859,000 | 19,304,000 | 21,502,000 | 19,332,000 | 17,867,000 | 19,500,000 | 23,783,000 | 22,445,000 | 20,724,000 | 21,747,000 | 23,351,000 | 19,422,000 | 18,598,000 | 20,125,000 | 19,357,000 | 15,892,000 | 14,412,000 |
| Current ratio | 0.94 | 0.94 | 0.90 | 0.86 | 0.91 | 0.86 | 0.83 | 0.88 | 0.92 | 0.86 | 0.82 | 0.87 | 0.99 | 0.97 | 1.04 | 1.07 | 1.03 | 1.05 | 1.11 | 1.01 |
February 1, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $19,454,000K ÷ $20,799,000K
= 0.94
Target Corporation's current ratio has shown some fluctuations over the past few years based on the provided data. The current ratio measures the ability of a company to meet its short-term obligations with its current assets.
From May 2, 2020, to February 1, 2025, the current ratio ranged from a low of 0.82 to a high of 1.11. The current ratio reached its peak in August 1, 2020, at 1.11, indicating that Target had more current assets relative to its current liabilities at that time. However, the current ratio decreased to 0.82 by July 30, 2022, which may suggest a potential liquidity concern as current assets were insufficient to cover current liabilities.
The current ratio improved slightly to 0.94 by February 1, 2025, indicating a better ability to meet short-term obligations compared to the previous periods. It is important for Target to monitor its current ratio to ensure it maintains a healthy balance between current assets and liabilities to meet its short-term obligations effectively.
Peer comparison
Feb 1, 2025