Target Corporation (TGT)

Debt-to-equity ratio

		Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	14,666,000	13,432,000	11,232,000	12,827,000	14,440,000
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00

February 1, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $14,666,000K
= 0.00

Target Corporation has consistently maintained a debt-to-equity ratio of 0.00 over the past five years, according to the financial data provided. This indicates that the company has not utilized any debt financing in relation to its equity during this period. A debt-to-equity ratio of 0.00 typically suggests that a company is entirely financed by equity rather than debt, which can be viewed positively by investors and creditors as it signifies a lower financial risk and potential for greater financial stability. It is important to note that while a low debt-to-equity ratio may indicate lower financial risk, it may also imply missed opportunities for leveraging debt for potential growth or expansion. Overall, the consistent 0.00 debt-to-equity ratio of Target Corporation demonstrates a prudent financial management strategy emphasizing a strong equity base for its operations.