Target (WBO:TGTC) Interest Expense

: €-461 Mil (TTM As of Jan. 2024)

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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 Jan. 2024 was € -98 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was €-461 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 Jan. 2024 was € 1,712 Mil. Target's Interest Expense for the three months ended in Jan. 2024 was € -98 Mil. Target's Interest Coverage for the quarter that ended in Jan. 2024 was 17.43. 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

The historical data trend for Target's Interest Expense 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.

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Target Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

-429.78

-802.12

-372.16

-443.58

-460.84

Target Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense																-119.71	-134.06	-127.46	-101.33	-98.23

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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-461 Mil.

Target (WBO:TGTC) Interest Expense Explanation

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 Jan. 2024 was €-98 Mil. Its Operating Income for the three months ended in Jan. 2024 was €1,712 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was €16,709 Mil.

Target's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	1712.07	/	-98.226
	=	17.43

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

Target (WBO:TGTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Target Corp (WBO:TGTC) » Definitions » Interest Expense

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Address

1000 Nicollet Mall, Minneapolis, MN, USA, 55403

Website

https://corporate.target.com

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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