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Target TGT Debt-to-equity

Other financials

Income statement

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Revenue$25.4B+6.7%
Gross profit$7.4B+9.9%
Operating income$1.1B-22.9%
Net income$781.0M-24.6%
EPS (diluted)$1.71-24.7%

Balance sheet

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Cash & equivalents$3.5B+22.4%
Total debt$18.8B-1.1%
Total equity$16.4B+9.7%
Total assets$58.0B+3.3%

Cash flow

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Operating cash flow$716.0M+160%
CapEx$1.0B+31.0%
Free cash flow-$319.0M+38.1%

Valuation

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Market cap$58.05B+31.0%
Enterprise value$73.35B+21.2%
P/E16.8×+6.2×
P/S0.6×+0.1×

Profitability

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Gross margin28.1%+0.1pp
Operating margin4.5%-0.9pp
Net margin3.2%-0.7pp

Returns & leverage

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Return on equity22%-7.1pp
Current ratio0.9×0.0×

Where this comes from

Calculated from Target’s reported figures.

Based on the most recent quarter.

The official record: Target’s 10-Q, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Target's debt-to-equity?
Target (TGT) reported debt-to-equity of 1.1× in Q1 2026.
How has Target's debt-to-equity changed year-over-year?
Target's debt-to-equity decreased by 9.8% year-over-year, from 1.3× to 1.1×.
What is the long-term trend for Target's debt-to-equity?
Over 4 years (2021 to 2025), Target's debt-to-equity has grown at a 37.2% compound annual growth rate (CAGR), from 0.9× to 3.1×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.