Target Balance Sheet
NYSE: TGTConsumer DiscretionaryDepartment/Specialty Retail StoresUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Target financial position
At the end of fiscal 2025, Target reported total assets of $59.49 billion, up 3.0% from a year earlier against total liabilities of $43.33 billion. Shareholders' equity stood at $16.16 billion, or 27.2% of assets. The company held $250.0 million in cash and equivalents against $16.46 billion of debt, a net debt position of $16.21 billion.
The current ratio (current assets divided by current liabilities) was 0.94, meaning short-term obligations exceed short-term assets. Debt-to-equity was 1.02.
Summary generated from market data by MetaCap's automated system. Methodology
Target balance sheet (annual)
| Fiscal year (USD) | FY 20252026-01-31 | FY 20242025-02-01 | FY 20232024-02-03 | FY 20222023-01-28 | FY 20212022-01-29 | FY 20202021-01-30 | FY 20192020-02-01 | FY 20182019-02-02 | FY 20172018-02-03 | FY 20162017-01-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 250.00M | 276.00M | 288.00M | 286.00M | 349.00M | 307.00M | 326.00M | 359.00M | 337.00M | 2.51B |
| Short-Term Investments | 4.61B | 3.89B | 2.90B | 1.34B | 4.99B | 7.64B | 1.81B | 769.00M | 1.91B | 1.11B |
| Inventory | 12.30B | 12.74B | 11.89B | 13.50B | 13.90B | 10.65B | 8.99B | 9.50B | 8.60B | 8.31B |
| Total Current Assets | 20.00B | 19.45B | 17.50B | 17.85B | 21.57B | 20.76B | 12.90B | 12.52B | 12.54B | 11.99B |
| Property, Plant & Equipment | 33.75B | 33.02B | 33.10B | 31.51B | 28.18B | 26.88B | 26.28B | 25.53B | 24.54B | 24.66B |
| Goodwill | 631.00M | 631.00M | 631.00M | 631.00M | 631.00M | 631.00M | 633.00M | 633.00M | 630.00M | 133.00M |
| Intangible Assets | — | — | — | — | — | 37.00M | 53.00M | 66.00M | 79.00M | 126.00M |
| Total Assets | 59.49B | 57.77B | 55.36B | 53.34B | 53.81B | 51.25B | 42.78B | 41.29B | 40.30B | 37.43B |
| Accounts Payable | 12.62B | 13.05B | 12.10B | 13.49B | 15.48B | 12.86B | 9.92B | 9.76B | 8.68B | 7.25B |
| Short-Term Debt | 2.13B | 1.64B | 1.12B | 130.00M | 171.00M | 1.14B | 161.00M | 1.05B | 270.00M | 1.72B |
| Total Current Liabilities | 21.23B | 20.80B | 19.30B | 19.50B | 21.75B | 20.13B | 14.49B | 15.01B | 13.05B | 12.71B |
| Long-Term Debt | 14.33B | 14.30B | 14.92B | 16.01B | 13.55B | 11.54B | 11.34B | 10.22B | 11.12B | 11.03B |
| Total Liabilities | 43.33B | 43.10B | 41.92B | 42.10B | 40.98B | 36.81B | 30.95B | 29.99B | 28.65B | 26.52B |
| Shareholders' Equity | 16.16B | 14.67B | 13.43B | 11.23B | 12.83B | 14.44B | 11.83B | 11.30B | 11.65B | 10.91B |
| Retained Earnings | 9.30B | 8.09B | 7.09B | 5.00B | 6.92B | 8.82B | 6.43B | 6.02B | 6.50B | 5.88B |
| Total Debt | 16.46B | 15.94B | 16.04B | 16.14B | 13.72B | 12.68B | 11.50B | 11.28B | 11.39B | 12.75B |
| Net Cash (Debt) | -11.60B | -11.77B | -12.85B | -14.51B | -8.39B | -4.73B | -9.36B | -10.15B | -9.14B | -9.13B |
| Shares Outstanding | 452.84M | 455.57M | 461.68M | 460.35M | 471.27M | 500.88M | 504.20M | 517.76M | 541.68M | 556.16M |
This table shows 10 annual periods of Target's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, short-term investments, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow TGT's reporting calendar. What is a balance sheet?