Target Corporation (TGT)
Debt-to-assets ratio
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 57,769,000 | 55,356,000 | 53,335,000 | 53,811,000 | 51,248,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 1, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $57,769,000K
= 0.00
Based on the data provided, Target Corporation's debt-to-assets ratio has consistently been reported as 0.00 from January 30, 2021, to February 1, 2025. This indicates that Target Corporation has not been using debt to finance its operations during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed by equity rather than debt, which can be viewed positively as it implies a lower financial risk and potentially higher creditworthiness. However, it's important to note that a debt-to-assets ratio of 0.00 can also indicate that the company may not be leveraging debt efficiently to maximize shareholder returns. Further analysis would be needed to understand Target Corporation's overall financial strategy and performance in relation to its capital structure and funding decisions.
Peer comparison
Feb 1, 2025