Target Corporation (TGT)

Debt-to-assets 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
Long-term debt US$ in thousands
Total assets US$ in thousands 55,356,000 56,229,000 53,206,000 52,150,000 53,335,000 55,615,000 52,470,000 50,842,000 53,811,000 54,411,000 51,385,000 50,471,000 51,248,000 50,661,000 48,000,000 44,806,000 42,779,000 43,741,000 41,566,000 40,619,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 for Target Corporation has consistently remained at 0.00 across multiple reporting periods, indicating that the company has not utilized debt as a significant source of financing relative to its total assets. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily funded through equity rather than debt, which may indicate a strong financial position with lower financial risk and less reliance on external borrowing for operational needs. However, it is important to note that while a low debt-to-assets ratio can be favorable, it may also imply potential missed opportunities for leveraging debt to enhance returns. Overall, Target Corporation's consistent 0.00 debt-to-assets ratio reflects a conservative capital structure approach focused on financial stability and efficient management of debt obligations.


Peer comparison

Feb 3, 2024


See also:

Target Corporation Debt to Assets (Quarterly Data)