Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Target's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.19.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Target couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.
The historical rank and industry rank for Target's Cash-to-Debt or its related term are showing as below:
TGT'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.2 Max: 0.56
Current: 0.19
During the past 13 years, Target's highest Cash to Debt Ratio was 0.56. The lowest was 0.12. And the median was 0.20.
Target Cash-to-Debt Historical Data
The historical data trend for Target's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
|
Target Annual Data
|
|
Trend |
Jan15 |
Jan16 |
Jan17 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
Jan24 |
| Cash-to-Debt |
|
|
|
|
|
|
0.18 |
0.56 |
0.36 |
0.12 |
0.19 |
|
Target Quarterly Data
|
|
Apr19 |
Jul19 |
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.12 |
0.07 |
0.09 |
0.10 |
0.19 |
Competitive Comparison
For the Discount Stores subindustry, Target's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Target Cash-to-Debt Distribution
For the Retail - Defensive industry and Consumer Defensive sector, Target's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Target's Cash-to-Debt falls into.
Target Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Target's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:
Target's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Target (Target) Business Description
Traded in Other Exchanges
Address
1000 Nicollet Mall, Minneapolis, MN, USA, 55403
Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
Executives
| Matthew L Zabel |
officer: Executive Officer |
1000 NICOLLET MALL, TPS-3155, MINNEAPOLIS MN 55403 |
| Christina Hennington |
officer: Executive Officer |
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| Don H Liu |
officer: Executive Officer |
1000 NICOLLET MALL, TPS-3155, MINNEAPOLIS MN 55403 |
| Brian C Cornell |
director, officer: Executive Officer |
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| Matthew A Liegel |
officer: Chief Accounting Officer |
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| John J Mulligan |
officer: Executive Officer |
1000 NICOLLET MALL, TPS-2672, MINNEAPOLIS MN 55403 |
| Grace Puma Whiteford |
director |
C/O WILLIAM SONOMA, INC., 3250 VAN NESS AVENUE, SAN FRANCISCO CA 94109 |
| Cara A Sylvester |
officer: Executive Officer |
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| Jill Sando |
officer: Executive Officer |
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| Melissa K Kremer |
officer: Executive Officer |
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| Michael J Fiddelke |
officer: Executive Officer |
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| Katie M Boylan |
officer: Executive Officer |
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| Robert M Harrison |
officer: Chief Accounting Officer |
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| Richard H. Gomez |
officer: Executive Officer |
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| Gail Boudreaux |
director |
GENZYME CORP., 500 KENDALL STREET, CAMBRIDGE MA 02142 |
Target (Target) Headlines
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