Target's quarterly cash and cash equivalents
increased
from Jul. 2023 ($1,617.00 Mil) to Oct. 2023 ($1,910.00 Mil) and
increased
from Oct. 2023 ($1,910.00 Mil) to Jan. 2024 ($3,805.00 Mil).
Target's annual cash and cash equivalents
declined
from Jan. 2022 ($5,911.00 Mil) to Jan. 2023 ($2,229.00 Mil) but then
increased
from Jan. 2023 ($2,229.00 Mil) to Jan. 2024 ($3,805.00 Mil).
Target Cash And Cash Equivalents Historical Data
The historical data trend for Target's Cash And Cash Equivalents 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.
* Premium members only.
Target Annual Data
Trend
Jan15
Jan16
Jan17
Jan18
Jan19
Jan20
Jan21
Jan22
Jan23
Jan24
Cash And Cash Equivalents
2,577.00
8,511.00
5,911.00
2,229.00
3,805.00
Target Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Cash And Cash Equivalents
2,229.00
1,321.00
1,617.00
1,910.00
3,805.00
Target Cash And Cash Equivalents Calculation
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
Target (NYSE:TGT) Cash And Cash Equivalents Explanation
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Target Cash And Cash Equivalents Related Terms
Thank you for viewing the detailed overview of Target's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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