Target Corporation (TGT)
Solvency ratios
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.94 | 4.12 | 4.75 | 4.20 | 3.55 |
Target Corporation's solvency ratios indicate a strong financial position with consistently low debt levels over the years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 from January 30, 2021, to February 1, 2025, reflecting the company's ability to operate without relying heavily on debt funding.
The Financial leverage ratio has fluctuated slightly over the same period, starting at 3.55 on January 30, 2021, peaking at 4.75 on January 28, 2023, and then decreasing to 3.94 by February 1, 2025. Despite these fluctuations, the ratio consistently remains below 5, indicating that Target Corporation has maintained a conservative level of financial leverage and has managed its capital structure efficiently.
Overall, these solvency ratios suggest that Target Corporation has a stable financial foundation and a low-risk profile in terms of debt obligations, which is conducive to long-term sustainability and growth.
Coverage ratios
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | |
|---|---|---|---|---|---|
| Interest coverage | 13.54 | 11.55 | 8.15 | 22.16 | 6.68 |
Target Corporation's interest coverage ratio has experienced fluctuations over the past five years. In January 2021, the interest coverage was 6.68, indicating that the company generated enough operating income to cover its interest expenses about 6.68 times. This ratio increased significantly to 22.16 in January 2022, reflecting a substantial improvement in the company's ability to meet its interest obligations.
However, in the following years, there were some fluctuations in the interest coverage ratio. By January 2023, the ratio decreased to 8.15, suggesting a slight decline in Target Corporation's ability to cover its interest payments. In February 2024, the interest coverage ratio improved to 11.55, indicating a better financial position compared to the previous year.
The most recent data point in February 2025 shows an interest coverage ratio of 13.54, reflecting a continued improvement in the company's ability to meet its interest obligations. Overall, Target Corporation's interest coverage ratio has shown variability over the years, but the trend indicates a generally healthy ability to cover interest expenses.