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 ratio14.4x
CashUS$3.43b
EquityUS$14.49b
Total liabilitiesUS$44.04b
Total assetsUS$58.53b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: TGT's short term assets ($20.6B) do not cover its short term liabilities ($21.8B).

Long Term Liabilities: TGT's short term assets ($20.6B) do not cover its long term liabilities ($22.3B).


Debt to Equity History and Analysis

Debt Level: TGT's net debt to equity ratio (86.6%) is considered high.

Reducing Debt: TGT's debt to equity ratio has increased from 101.1% to 110.3% over the past 5 years.

Debt Coverage: TGT's debt is well covered by operating cash flow (46.1%).

Interest Coverage: TGT's interest payments on its debt are well covered by EBIT (14.4x coverage).


Balance Sheet


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