Target Balance Sheet Health
Financial Health criteria checks 2/6
Target has a total shareholder equity of $14.4B and total debt of $15.4B, which brings its debt-to-equity ratio to 106.6%. Its total assets and total liabilities are $56.0B and $41.6B respectively. Target's EBIT is $6.3B making its interest coverage ratio 14.7. It has cash and short-term investments of $3.5B.
Key information
106.6%
Debt to equity ratio
US$15.38b
Debt
| Interest coverage ratio | 14.7x |
| Cash | US$3.50b |
| Equity | US$14.43b |
| Total liabilities | US$41.57b |
| Total assets | US$56.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGT's short term assets ($17.9B) do not cover its short term liabilities ($20.0B).
Long Term Liabilities: TGT's short term assets ($17.9B) do not cover its long term liabilities ($21.6B).
Debt to Equity History and Analysis
Debt Level: TGT's net debt to equity ratio (82.3%) is considered high.
Reducing Debt: TGT's debt to equity ratio has increased from 97.3% to 106.6% over the past 5 years.
Debt Coverage: TGT's debt is well covered by operating cash flow (55.7%).
Interest Coverage: TGT's interest payments on its debt are well covered by EBIT (14.7x coverage).