Target Corporation (TGT)

Current ratio

		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	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Total current assets	US$ in thousands	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	12,902,000	13,805,000	12,119,000	11,607,000
Total current liabilities	US$ in thousands	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	14,487,000	16,608,000	14,364,000	13,239,000
Current ratio		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	0.89	0.83	0.84	0.88

February 3, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $17,498,000K ÷ $19,304,000K
= 0.91

The current ratio of Target Corporation has shown some fluctuations over the past few quarters. It measures the company's ability to cover its short-term liabilities with its current assets.

As of February 3, 2024, the current ratio stands at 0.91, indicating that Target may have slightly fewer current assets relative to its current liabilities. This is a decrease from the previous quarter's current ratio of 0.86. Target faced a similar situation in the previous quarters, with current ratios ranging from 0.82 to 0.92.

While the current ratio has been below 1 in some quarters, suggesting a potential liquidity concern, it is important to note that a current ratio below 1 does not necessarily indicate financial distress, as the company may have other ways to meet its short-term obligations. It would be prudent to monitor Target's current ratio over time to assess any emerging trends or patterns in its liquidity position.