Target Balance Sheet Health
Financial Health criteria checks 2/6
Target has a total shareholder equity of $13.4B and total debt of $14.1B, which brings its debt-to-equity ratio to 105.3%. Its total assets and total liabilities are $55.4B and $41.9B respectively. Target's EBIT is $5.9B making its interest coverage ratio 11.8. It has cash and short-term investments of $3.8B.
Key information
105.3%
Debt to equity ratio
US$14.15b
Debt
Interest coverage ratio | 11.8x |
Cash | US$3.81b |
Equity | US$13.43b |
Total liabilities | US$41.92b |
Total assets | US$55.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGTD's short term assets ($17.5B) do not cover its short term liabilities ($19.3B).
Long Term Liabilities: TGTD's short term assets ($17.5B) do not cover its long term liabilities ($22.6B).
Debt to Equity History and Analysis
Debt Level: TGTD's net debt to equity ratio (77%) is considered high.
Reducing Debt: TGTD's debt to equity ratio has increased from 91% to 105.3% over the past 5 years.
Debt Coverage: TGTD's debt is well covered by operating cash flow (60.9%).
Interest Coverage: TGTD's interest payments on its debt are well covered by EBIT (11.8x coverage).