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Target Interest Expense

: $-468 Mil (TTM As of Apr. 2020)
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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Target's interest expense for the three months ended in Apr. 2020 was $ -117 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2020 was $-468 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Target's Operating Income for the three months ended in Apr. 2020 was $ 468 Mil. Target's Interest Expense for the three months ended in Apr. 2020 was $ -117 Mil. Target's Interest Coverage for the quarter that ended in Apr. 2020 was 4.00. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Target Interest Expense Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Target Annual Data
Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -607.00 -991.00 -653.00 -461.00 -477.00

Target Quarterly Data
Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -126.00 -120.00 -113.00 -118.00 -117.00

Target Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Apr. 2020 was -120 (Jul. 2019 ) + -113 (Oct. 2019 ) + -118 (Jan. 2020 ) + -117 (Apr. 2020 ) = $-468 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Target  (NYSE:TGT) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Target's Interest Expense for the three months ended in Apr. 2020 was $-117 Mil. Its Operating Income for the three months ended in Apr. 2020 was $468 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2020 was $16,322 Mil.

Target's Interest Coverage for the quarter that ended in Apr. 2020 is calculated as

Interest Coverage=-1*Operating Income (Q: Apr. 2020 )/Interest Expense (Q: Apr. 2020 )
=-1*468/-117
=4.00

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

The higher the ratio, the stronger the company's financial strength is.


Target Interest Expense Headlines

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