Target Corporation (TGT) quarterly balance sheet — complete assets, liabilities & equity history
Target Corporation (TGT) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 20.93B | 18.07B | 20B | 20.7B | 19.03B | 17.76B | 19.45B | 20.55B | 17.92B | 17.08B | 17.5B | 18.6B | 16.1B | 15.77B | 17.85B | 20.39B | 18.45B | 17.95B | 21.57B | 22.58B |
| Cash & Short-Term Investments | 5.41B | 3.53B | 5.49B | 3.82B | 4.34B | 2.89B | 4.76B | 3.43B | 3.5B | 3.6B | 3.81B | 1.91B | 1.62B | 1.32B | 2.23B | 954M | 1.12B | 1.11B | 5.91B | 5.75B |
| Cash Only | 5.41B | 3.53B | 5.49B | 3.82B | 4.34B | 2.89B | 4.76B | 3.43B | 3.5B | 3.6B | 3.81B | 1.91B | 1.62B | 1.32B | 2.23B | 954M | 1.12B | 1.11B | 5.91B | 5.75B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 1.81B | 0 | 0 | 0 | 1.54B | 0 | 0 | 0 | 1.4B | 0 | 0 | 0 | 1.7B | 0 | 0 | 0 | 1.35B | 0 |
| Days Sales Outstanding | - | - | 5.4 | - | - | - | 4.54 | - | - | - | 4.31 | - | - | - | 4.91 | - | - | - | 3.97 | - |
| Inventory | 13.25B | 12.32B | 12.3B | 14.9B | 12.88B | 13.05B | 12.74B | 15.16B | 12.6B | 11.73B | 11.89B | 14.73B | 12.68B | 12.62B | 13.5B | 17.12B | 15.32B | 15.08B | 13.9B | 14.96B |
| Days Inventory Outstanding | 66.08 | 62.03 | 55.39 | 69.68 | 65.9 | 68.5 | 55.5 | 68.66 | 62.11 | 61.58 | 55.73 | 68.73 | 64.68 | 64.63 | 58.17 | 74.99 | 68.68 | 71.44 | 57.69 | 65.52 |
| Other Current Assets | 2.27B | 2.21B | 183M | 1.98B | 1.81B | 1.82B | 185M | 1.96B | 1.82B | 1.74B | 202M | 1.96B | 1.8B | 1.84B | 235M | 2.32B | 2.02B | 1.76B | 237M | 1.86B |
| Total Non-Current Assets | 40.31B | 39.95B | 39.48B | 39.29B | 38.82B | 38.43B | 38.31B | 37.98B | 38.08B | 38.04B | 37.86B | 37.63B | 37.11B | 36.38B | 35.49B | 35.22B | 34.02B | 32.89B | 32.24B | 31.84B |
| Property, Plant & Equipment | 38.35B | 37.83B | 37.45B | 37.45B | 37.26B | 36.92B | 36.78B | 36.44B | 36.62B | 36.6B | 36.46B | 36.25B | 35.79B | 35.04B | 34.17B | 33.52B | 32.36B | 31.24B | 30.74B | 30.45B |
| Fixed Asset Turnover | 0.70x | 0.68x | 0.81x | 0.68x | 0.68x | 0.65x | 0.84x | 0.70x | 0.70x | 0.67x | 0.88x | 0.71x | 0.70x | 0.73x | 0.93x | 0.81x | 0.82x | 0.81x | 1.01x | 0.85x |
| Goodwill | 0 | 0 | 631M | 0 | 0 | 0 | 631M | 0 | 0 | 0 | 631M | 0 | 0 | 0 | 631M | 0 | 0 | 0 | 631M | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14M | 0 | 0 | 0 | 25M | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 440M | 0 | 0 | 0 | 470M | 0 |
| Other Non-Current Assets | 1.95B | 2.12B | 1.4B | 1.84B | 1.55B | 1.5B | 899M | 1.53B | 1.46B | 1.44B | 769M | 1.38B | 1.32B | 1.34B | 235M | 1.71B | 1.66B | 1.65B | 375M | 1.38B |
| Total Assets | 61.23B | 58.01B | 59.49B | 59.99B | 57.85B | 56.19B | 57.77B | 58.53B | 55.99B | 55.12B | 55.36B | 56.23B | 53.21B | 52.15B | 53.34B | 55.62B | 52.47B | 50.84B | 53.81B | 54.41B |
| Asset Turnover | 0.45x | 0.43x | 0.51x | 0.43x | 0.44x | 0.42x | 0.53x | 0.45x | 0.46x | 0.44x | 0.57x | 0.46x | 0.47x | 0.48x | 0.58x | 0.49x | 0.50x | 0.48x | 0.57x | 0.48x |
| Asset Growth % | 5.85% | 3.25% | 2.98% | 2.49% | 3.31% | 1.94% | 4.36% | 4.09% | 5.24% | 5.69% | 3.79% | 1.1% | 1.4% | 2.57% | -0.88% | 2.21% | 2.11% | 0.74% | 5% | 7.4% |
| Total Current Liabilities | 21.18B | 19.38B | 21.23B | 21.24B | 19.22B | 18.99B | 20.8B | 21.79B | 19.98B | 19.86B | 19.3B | 21.5B | 19.33B | 17.87B | 19.5B | 23.78B | 22.45B | 20.72B | 21.75B | 23.35B |
| Accounts Payable | 13.31B | 12.19B | 12.62B | 13.79B | 12.02B | 11.82B | 13.05B | 14.42B | 12.6B | 11.56B | 12.1B | 14.29B | 12.28B | 11.94B | 13.49B | 15.44B | 14.89B | 14.05B | 15.48B | 16.25B |
| Days Payables Outstanding | 65.9 | 62.5 | 53.79 | 64.75 | 60.59 | 66.08 | 54.63 | 66.79 | 61.66 | 61.69 | 55.25 | 66.61 | 61.9 | 62.91 | 54.96 | 70.12 | 65.38 | 72.78 | 63.43 | 72.18 |
| Short-Term Debt | 1.14B | 1.13B | 2.13B | 1.13B | 1.14B | 1.14B | 1.64B | 1.64B | 1.64B | 2.61B | 1.12B | 1.11B | 1.11B | 200M | 130M | 2.21B | 1.65B | 1.09B | 171M | 1.18B |
| Deferred Revenue (Current) | 0 | 0 | 1.2B | 0 | 0 | 0 | 1.21B | 0 | 0 | 0 | 1.16B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 20.04B | 6.06B | 1.55B | 0 | 0 | 0 | 1.27B | 0 | 0 | 0 | 1.49B | 0 | 0 | 0 | 2.9B | 0 | 0 | 0 | 2.68B | 0 |
| Current Ratio | 0.99x | 0.93x | 0.94x | 0.97x | 0.99x | 0.94x | 0.94x | 0.94x | 0.90x | 0.86x | 0.91x | 0.86x | 0.83x | 0.88x | 0.92x | 0.86x | 0.82x | 0.87x | 0.99x | 0.97x |
| Quick Ratio | 0.36x | 0.30x | 0.36x | 0.27x | 0.32x | 0.25x | 0.32x | 0.25x | 0.27x | 0.27x | 0.29x | 0.18x | 0.18x | 0.18x | 0.22x | 0.14x | 0.14x | 0.14x | 0.35x | 0.33x |
| Cash Conversion Cycle | - | - | 7 | - | - | - | 5.4 | - | - | - | 4.79 | - | - | - | 8.13 | - | - | - | -1.76 | - |
| Total Non-Current Liabilities | 22.21B | 22.23B | 22.09B | 23.25B | 23.21B | 22.25B | 22.3B | 22.25B | 21.58B | 21.42B | 22.62B | 22.21B | 21.88B | 22.68B | 22.6B | 20.81B | 19.43B | 19.34B | 19.24B | 17.26B |
| Long-Term Debt | 3.33B | 14.28B | 14.33B | 15.37B | 15.32B | 14.33B | 14.3B | 14.35B | 13.65B | 13.49B | 14.92B | 14.88B | 14.93B | 16.01B | 16.01B | 14.24B | 13.45B | 13.38B | 13.55B | 11.59B |
| Capital Lease Obligations | 0 | 3.42B | 3.46B | 3.54B | 3.51B | 3.56B | 3.58B | 3.42B | 3.44B | 3.39B | 3.28B | 3.03B | 2.8B | 2.62B | 2.64B | 2.59B | 2.54B | 2.58B | 2.49B | 2.49B |
| Deferred Tax Liabilities | 2.5B | 2.44B | 2.27B | 2.28B | 2.41B | 2.34B | 2.3B | 2.42B | 2.5B | 2.54B | 2.48B | 2.45B | 2.33B | 2.29B | 2.2B | 2.24B | 1.86B | 1.75B | 1.57B | 1.25B |
| Other Non-Current Liabilities | 16.38B | 2.1B | 1.68B | 2.06B | 1.96B | 2.01B | 1.73B | 2.07B | 1.99B | 2B | 1.52B | 1.85B | 1.83B | 1.76B | 1.31B | 1.75B | 1.57B | 1.63B | 1.15B | 1.93B |
| Total Liabilities | 43.39B | 41.62B | 43.33B | 44.49B | 42.43B | 41.24B | 43.1B | 44.04B | 41.57B | 41.28B | 41.92B | 43.72B | 41.22B | 40.55B | 42.1B | 44.6B | 41.88B | 40.07B | 40.98B | 40.61B |
| Total Debt | 4.47B | 18.83B | 20.29B | 20.04B | 19.97B | 19.04B | 19.88B | 19.4B | 18.74B | 19.49B | 19.65B | 19.03B | 18.83B | 18.83B | 19.07B | 19.03B | 17.64B | 17.05B | 16.47B | 15.26B |
| Net Debt | -943M | 15.3B | 14.8B | 16.22B | 15.63B | 16.15B | 15.11B | 15.97B | 15.24B | 15.89B | 15.84B | 17.12B | 17.21B | 17.51B | 16.84B | 18.08B | 16.53B | 15.94B | 10.56B | 9.5B |
| Debt / Equity | 0.25x | 1.15x | 1.26x | 1.29x | 1.30x | 1.27x | 1.36x | 1.34x | 1.30x | 1.41x | 1.46x | 1.52x | 1.57x | 1.62x | 1.70x | 1.73x | 1.67x | 1.58x | 1.28x | 1.11x |
| Debt / EBITDA | 1.75x | 9.67x | 9.29x | 11.64x | 9.56x | 8.43x | 8.90x | 10.09x | 7.88x | 9.68x | 7.57x | 9.33x | 10.02x | 9.44x | 10.28x | 11.22x | 18.17x | 8.42x | 5.91x | 5.73x |
| Net Debt / EBITDA | -0.37x | 7.85x | 6.78x | 9.42x | 7.49x | 7.15x | 6.77x | 8.31x | 6.41x | 7.89x | 6.11x | 8.39x | 9.16x | 8.78x | 9.08x | 10.65x | 17.02x | 7.87x | 3.79x | 3.57x |
| Interest Coverage | 26.09x | 9.83x | 14.21x | 8.47x | 11.50x | 12.91x | 16.62x | 11.39x | 15.05x | 12.50x | 17.69x | 12.54x | 8.60x | 9.19x | 9.09x | 8.27x | 2.94x | 12.15x | 20.39x | 19.20x |
| Total Equity | 17.84B | 16.39B | 16.16B | 15.5B | 15.42B | 14.95B | 14.67B | 14.49B | 14.43B | 13.84B | 13.43B | 12.51B | 11.99B | 11.61B | 11.23B | 11.02B | 10.59B | 10.77B | 12.83B | 13.8B |
| Equity Growth % | 15.71% | 9.69% | 10.22% | 6.98% | 6.87% | 8% | 9.19% | 15.78% | 20.34% | 19.26% | 19.59% | 13.57% | 13.2% | 7.71% | -12.43% | -20.17% | -28.72% | -27.98% | -11.17% | 3.63% |
| Book Value per Share | 39.08 | 35.97 | 35.52 | 34.06 | 33.85 | 32.74 | 31.99 | 31.40 | 31.13 | 29.83 | 29.00 | 27.05 | 25.92 | 25.07 | 24.27 | 23.82 | 22.85 | 23.03 | 26.69 | 28.20 |
| Total Shareholders' Equity | 17.84B | 16.39B | 16.16B | 15.5B | 15.42B | 14.95B | 14.67B | 14.49B | 14.43B | 13.84B | 13.43B | 12.51B | 11.99B | 11.61B | 11.23B | 11.02B | 10.59B | 10.77B | 12.83B | 13.8B |
| Common Stock | 38M | 38M | 38M | 38M | 38M | 38M | 38M | 38M | 38M | 39M | 38M | 38M | 38M | 38M | 38M | 38M | 38M | 39M | 39M | 40M |
| Retained Earnings | 10.89B | 9.55B | 9.3B | 8.78B | 8.77B | 8.36B | 8.09B | 8.01B | 8.03B | 7.52B | 7.09B | 6.22B | 5.77B | 5.45B | 5B | 4.63B | 4.42B | 5.5B | 6.92B | 8.07B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -414M | -415M | -417M | -471M | -468M | -462M | -458M | -474M | -470M | -465M | -460M | -430M | -425M | -422M | -419M | -208M | -369M | -352M | -553M | -687M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |