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Target TGT Interest coverage

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$59.38B+31.0%
Enterprise value$74.68B+21.2%
P/E17.2×+6.4×
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
Debt / equity1.1×-0.1×
Current ratio0.9×0.0×

Where this comes from

Calculated from Target’s reported figures.

ebit/interest expense=10.7×

Based on trailing twelve months.

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 interest coverage?
Target (TGT) reported interest coverage of 10.7× in Q1 2026.
How has Target's interest coverage changed year-over-year?
Target's interest coverage decreased by 21.6% year-over-year, from 13.6× to 10.7×.
What is the long-term trend for Target's interest coverage?
Over 4 years (2021 to 2025), Target's interest coverage has grown at a -4.4% compound annual growth rate (CAGR), from 59.6× to 49.7×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.