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Balance Sheet
Cash Flow Statement
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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Target (TGT) Debt Ratio (2016 - 2026)

Target (TGT) has disclosed Debt Ratio for 18 consecutive years, with 0.28 as the latest value for Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio changed 0.25% year-over-year to 0.28, compared with a TTM value of 0.28 through Jan 2026, changed 0.25%, and an annual FY2026 reading of 0.28, changed 0.25% over the prior year.
  • Debt Ratio was 0.28 for Q1 2026 at Target, up from 0.28 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.31 in Q2 2023 and bottomed at 0.25 in Q1 2022.
  • Average Debt Ratio over 5 years is 0.28, with a median of 0.28 recorded in 2023.
  • The sharpest move saw Debt Ratio rose 26.06% in 2022, then fell 9.35% in 2024.
  • Year by year, Debt Ratio stood at 0.3 in 2022, then fell by 3.79% to 0.28 in 2023, then fell by 4.02% to 0.27 in 2024, then increased by 0.73% to 0.28 in 2025, then rose by 0.58% to 0.28 in 2026.
  • Business Quant data shows Debt Ratio for TGT at 0.28 in Q1 2026, 0.28 in Q4 2025, and 0.28 in Q3 2025.