Target Corporation (TGT)
Debt-to-capital ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 13,432,000 | 11,232,000 | 12,827,000 | 14,440,000 | 11,833,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $13,432,000K)
= 0.00
Target Corporation has consistently maintained a debt-to-capital ratio of 0.00 over the past five years (from 2020 to 2024). This indicates that the company has not utilized any debt financing in relation to its capital structure during this period. A debt-to-capital ratio of 0.00 implies that Target Corporation has funded its operations and investments solely through equity and retained earnings, without taking on any debt obligations. This conservative approach to capital structure may indicate a strong financial position and efficient management of resources, as the company has not relied on external borrowing to finance its operations. However, it is essential to assess the overall capital structure and financial health of the company in conjunction with other financial metrics and industry benchmarks to gain a more comprehensive understanding of its financial performance and risk profile.
Peer comparison
Feb 3, 2024