Target Corporation (TGT)
Solvency ratios
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 3.94 | 4.04 | 3.88 | 3.98 | 4.12 | 4.49 | 4.44 | 4.49 | 4.75 | 5.05 | 4.95 | 4.72 | 4.20 | 3.94 | 3.46 | 3.37 | 3.55 | 3.80 | 3.82 | 4.01 |
Target Corporation's solvency ratios, which evaluate the company's ability to meet its long-term financial obligations, show consistently strong performance over the analysis period.
The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00, indicating that Target has not relied on debt to finance its operations during this time frame.
The financial leverage ratio, which measures the extent to which the company is using debt to finance its assets, shows a decreasing trend from 4.01 in May 2020 to 3.94 in February 2025. This decreasing trend suggests that Target's financial risk has decreased over the analyzed period, as the proportion of debt in its capital structure has declined.
Overall, these solvency ratios indicate that Target Corporation has a strong financial position, with low reliance on debt and a decreasing trend in financial leverage, which may suggest improved financial stability and reduced risk for the company.
Coverage ratios
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 13.61 | 14.07 | 14.41 | 12.52 | 11.55 | 9.69 | 8.80 | 7.58 | 8.15 | 10.70 | 13.46 | 18.76 | 22.16 | 21.38 | 9.43 | 9.08 | 6.68 | 5.92 | 10.53 | 8.49 |
The interest coverage ratio measures a company's ability to meet its interest obligations on its outstanding debt. It is calculated by dividing the earnings before interest and taxes (EBIT) by the interest expense. A higher interest coverage ratio indicates a company is more capable of servicing its debt.
Analyzing the interest coverage ratios of Target Corporation from May 2, 2020, to February 1, 2025, we observe the following trends:
- The interest coverage ratio fluctuated during the period, ranging from a low of 5.92 on October 31, 2020, to a high of 22.16 on January 29, 2022.
- There was a significant increase in the interest coverage ratio from October 30, 2021, to February 1, 2025, indicating improved ability to cover interest expenses.
- Despite some fluctuations, the interest coverage ratio generally remained above 8, signaling that Target Corporation was able to comfortably meet its interest obligations.
Overall, Target Corporation has demonstrated a satisfactory interest coverage ratio over the period, suggesting a sound financial position and adequate ability to manage its debt obligations.