Target (TGT) Debt Ratio (2009 - 2026)

Target has reported Debt Ratio for 18 years, with the latest figure at 0.27 in Q2 2026.

• For the quarter ending Q2 2026, Debt Ratio fell 3.51% year-over-year to 0.27; the trailing twelve-month figure through May 2026 stood at 0.27 (down 3.51% YoY), and the FY2026 full-year result was 0.28, changed 0.25% from the prior year.
• Debt Ratio for Q2 2026 stood at 0.27, down from 0.28 in the prior quarter.
• The five-year high for Debt Ratio was 0.31 in Q2 2023, with the low at 0.25 in Q1 2022.
• Historically, Debt Ratio has averaged 0.28 across 5 years, with a median of 0.28 in 2025.
• Annual changes were most pronounced in 2022 — Debt Ratio increased 26.06% — and 2024, when it declined 9.35%.
• Target's Debt Ratio stood at 0.3 in 2022, then dropped by 3.79% to 0.28 in 2023, then dropped by 4.02% to 0.27 in 2024, then rose by 0.73% to 0.28 in 2025, then declined by 3.38% to 0.27 in 2026.
• The last three Debt Ratio figures came in at 0.27 (Q2 2026), 0.28 (Q1 2026), and 0.28 (Q4 2025), per Business Quant data.