Target (TGT) Interest Coverage Ratio (2009 - 2026)
Target (TGT) posted Interest Coverage Ratio of 9.7 for Q2 2026, up 98.94% on a QoQ basis from 4.88 in Q1 2026, and down 23.55% year-over-year from 12.69 in Q2 2025.
Target (TGT) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Target's Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 9.7 for Q2 2026.
- Quarterly Interest Coverage Ratio fell 23.55% year-over-year to 9.7 in Q2 2026, while the trailing twelve-month figure through May 2026 was 7.58 (down 44.46% YoY) and the FY2026 annual result came in at 1.01, down 88.8% from the prior year.
- Interest Coverage Ratio was 9.7 for Q2 2026 at Target, up from 4.88 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 20.14 in Q1 2022 and bottomed at 2.87 in Q3 2022.
- A 5-year average of 10.68 and a median of 10.41 in 2024 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio slumped 87.92% — and 2023, when it jumped 196.2%.
- Target's Interest Coverage Ratio stood at 8.18 in 2022, then jumped by 50.54% to 12.31 in 2023, then decreased by 9.62% to 11.12 in 2024, then dropped by 25.89% to 8.24 in 2025, then rose by 17.68% to 9.7 in 2026.
- Business Quant data shows TGT's Interest Coverage Ratio at 9.7 in Q2 2026, 4.88 in Q1 2026, and 8.24 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 862.66 Bn | 858.28 Bn | 42.63 Bn | 13.05 |
| 2 | Costco Wholesale | 410.89 Bn | 392.65 Bn | 8.88 Bn | 78.97 |
| 3 | Target | 61.06 Bn | 57.53 Bn | 7.38 Bn | 9.70 |
| 4 | Dollar General | 25.36 Bn | 24.22 Bn | 3.32 Bn | 1.19 |
| 5 | Dollar Tree | 22.75 Bn | 21.75 Bn | 1.83 Bn | 163.21 |
| 6 | BJ's Wholesale Club Holdings | 11.75 Bn | 11.72 Bn | 1.03 Bn | 16.81 |
| 7 | Pricesmart | 5.65 Bn | 5.52 Bn | 262.22 Mn | 17.05 |
| 8 | Bbb Foods | 4.68 Bn | 4.08 Bn | 210.92 Mn | -11.12 |
| 9 | Ollie's Bargain Outlet Holdings | 4.00 Bn | 3.70 Bn | 310.92 Mn | -1.06 |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 9.70 |
| Jan 31, 2026 | 4.88 |
| Nov 1, 2025 | 8.24 |
| Aug 2, 2025 | 11.35 |
| May 3, 2025 | 12.69 |
| Feb 1, 2025 | 16.30 |
| Nov 2, 2024 | 11.12 |
| Aug 3, 2024 | 14.86 |
| May 4, 2024 | 12.23 |
| Feb 3, 2024 | 8.88 |
| Oct 28, 2023 | 12.31 |
| Jul 29, 2023 | 8.49 |
| Apr 29, 2023 | 9.03 |
| Jan 28, 2023 | 8.98 |
| Oct 29, 2022 | 8.18 |
| Jul 30, 2022 | 2.87 |
| Apr 30, 2022 | 12.02 |
| Jan 29, 2022 | 20.14 |
| Oct 30, 2021 | 19.14 |
| Jul 31, 2021 | 23.72 |