Target Corporation (TGT)

Financial leverage ratio

		Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Total assets	US$ in thousands	57,769,000	55,356,000	53,335,000	53,811,000	51,248,000
Total stockholders’ equity	US$ in thousands	14,666,000	13,432,000	11,232,000	12,827,000	14,440,000
Financial leverage ratio		3.94	4.12	4.75	4.20	3.55

February 1, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $57,769,000K ÷ $14,666,000K
= 3.94

The financial leverage ratio of Target Corporation has shown a varying trend over the years. As of January 30, 2021, the ratio stood at 3.55, indicating that the company had a moderate level of financial leverage at that time. However, by January 29, 2022, the ratio had increased to 4.20, signaling that the company had taken on more debt relative to its equity.

The trend continued upwards as of January 28, 2023, with the financial leverage ratio reaching 4.75, reflecting a higher level of debt in the company's capital structure. However, by February 3, 2024, the ratio decreased to 4.12, showing a slight improvement in the company's leverage position.

As of February 1, 2025, the financial leverage ratio of Target Corporation stood at 3.94, indicating that the company had reduced its leverage compared to the previous year, but still carried a significant amount of debt relative to its equity.

Overall, the financial leverage ratio of Target Corporation has fluctuated over the years, indicating changes in the company's capital structure and debt levels. It is important for investors and stakeholders to monitor this ratio to assess the company's risk exposure and financial health.