Target Corporation (TGT)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $13,432,000K
= 0.00
The debt-to-equity ratio of Target Corporation has consistently been reported as 0.00 for the past five fiscal years, including February 3, 2024, January 28, 2023, January 29, 2022, January 30, 2021, and February 1, 2020. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount of debt relative to its equity. This suggests that Target has been funding its operations primarily through equity financing rather than taking on debt. While a low debt-to-equity ratio is generally viewed favorably as it signifies less financial risk, it is important to consider the context of the industry and company's overall financial strategy when interpreting this ratio.
Peer comparison
Feb 3, 2024