Target Corporation (TGT)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 55,356,000 | 53,335,000 | 53,811,000 | 51,248,000 | 42,779,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $55,356,000K
= 0.00
The debt-to-assets ratio of Target Corporation has consistently been reported as 0.00 for the past five fiscal years. This indicates that as of each year's fiscal reporting date (February 3, 2024; January 28, 2023; January 29, 2022; January 30, 2021; and February 1, 2020), Target Corporation had no debt relative to its total assets. A debt-to-assets ratio of 0.00 typically suggests that the company's operations are primarily funded by equity rather than external borrowings. However, it's important to note that a debt-to-assets ratio of 0.00 could also be a result of rounding or data presentation, and it would be prudent to further investigate the company's capital structure and financing activities to gain a more comprehensive understanding of its financial health.
Peer comparison
Feb 3, 2024