Target Balance Sheet Health
Financial Health criteria checks 2/6
Target has a total shareholder equity of $14.5B and total debt of $16.0B, which brings its debt-to-equity ratio to 110.3%. Its total assets and total liabilities are $58.5B and $44.0B respectively. Target's EBIT is $6.2B making its interest coverage ratio 14.4. It has cash and short-term investments of $3.4B.
Key information
110.3%
Debt to equity ratio
US$15.98b
Debt
| Interest coverage ratio | 14.4x |
| Cash | US$3.43b |
| Equity | US$14.49b |
| Total liabilities | US$44.04b |
| Total assets | US$58.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGTB34's short term assets ($20.6B) do not cover its short term liabilities ($21.8B).
Long Term Liabilities: TGTB34's short term assets ($20.6B) do not cover its long term liabilities ($22.3B).
Debt to Equity History and Analysis
Debt Level: TGTB34's net debt to equity ratio (86.6%) is considered high.
Reducing Debt: TGTB34's debt to equity ratio has increased from 101.1% to 110.3% over the past 5 years.
Debt Coverage: TGTB34's debt is well covered by operating cash flow (46.1%).
Interest Coverage: TGTB34's interest payments on its debt are well covered by EBIT (14.4x coverage).