Target Corporation (TGT)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 869,000 | 3,433,000 | 3,497,000 | 3,604,000 | 908,000 | 1,910,000 | 1,617,000 | 1,321,000 | 886,000 | 954,000 | 1,117,000 | 1,112,000 | 926,000 | 5,753,000 | 7,368,000 | 7,816,000 | 867,000 | 5,996,000 | 7,284,000 | 4,566,000 |
| Short-term investments | US$ in thousands | 3,893,000 | — | 2,465,000 | 2,726,000 | 2,897,000 | 1,000,000 | 739,000 | 408,000 | 1,343,000 | 53,000 | 34,000 | 41,000 | 4,985,000 | 12,000 | 6,439,000 | 6,895,000 | 7,644,000 | 19,000 | 27,000 | 18,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.23 | 0.16 | 0.30 | 0.32 | 0.20 | 0.14 | 0.12 | 0.10 | 0.11 | 0.04 | 0.05 | 0.06 | 0.27 | 0.25 | 0.71 | 0.79 | 0.42 | 0.31 | 0.46 | 0.32 |
February 1, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($869,000K
+ $3,893,000K
+ $—K)
÷ $20,799,000K
= 0.23
The quick ratio of Target Corporation has shown fluctuations over the recorded periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From May 2, 2020, to August 1, 2020, the quick ratio increased from 0.32 to 0.46, indicating a slight improvement in the company's short-term liquidity position. However, this improvement was short-lived as the ratio decreased to 0.31 by October 31, 2020.
The quick ratio then exhibited a positive trend, reaching 0.79 by May 1, 2021, and 0.71 by July 31, 2021, indicating an improvement in the company's ability to cover its short-term obligations with its liquid assets.
Subsequently, there was a significant decline in the quick ratio to 0.05 by July 30, 2022, and 0.04 by October 29, 2022, which may indicate potential liquidity challenges for the company during that period.
The quick ratio improved slightly to 0.20 by February 3, 2024, but then decreased to 0.16 by November 2, 2024. Finally, the ratio increased to 0.23 by February 1, 2025.
Overall, the quick ratio of Target Corporation has been volatile, with periods of improvement followed by declines. It is essential for the company to closely monitor and manage its liquidity position to ensure it can meet its short-term obligations efficiently.
Peer comparison
Feb 1, 2025