Target Quarterly Balance Sheet
NYSE: TGTConsumer DiscretionaryDepartment/Specialty Retail StoresUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Target financial position
As of Aug 1, 2026, Target reported total assets of $61.23 billion, up 5.8% from a year earlier against total liabilities of $43.39 billion. Shareholders' equity stood at $17.84 billion, or 29.1% of assets. The company held $5.41 billion in cash and equivalents against $15.36 billion of debt, a net debt position of $9.95 billion.
The current ratio (current assets divided by current liabilities) was 0.99, meaning short-term obligations exceed short-term assets. Debt-to-equity was 0.86.
Summary generated from market data by MetaCap's automated system. Methodology
Target balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-08-01 | Q1 20262026-05-02 | Q4 20252026-01-31 | Q3 20252025-11-01 | Q2 20252025-08-02 | Q1 20252025-05-03 | Q4 20242025-02-01 | Q3 20242024-11-02 | Q2 20242024-08-03 | Q1 20242024-05-04 | Q4 20232024-02-03 | Q3 20232023-10-28 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.41B | 3.53B | 250.00M | 3.82B | 4.34B | 2.89B | 276.00M | 3.43B | 3.50B | 3.60B | 288.00M | 1.91B |
| Short-Term Investments | — | — | 4.61B | — | — | — | 3.89B | — | — | — | 2.90B | — |
| Inventory | 13.25B | 12.32B | 12.30B | 14.90B | 12.88B | 13.05B | 12.74B | 15.16B | 12.60B | 11.73B | 11.89B | 14.73B |
| Total Current Assets | 20.93B | 18.07B | 20.00B | 20.70B | 19.03B | 17.76B | 19.45B | 20.55B | 17.92B | 17.08B | 17.50B | 18.60B |
| Property, Plant & Equipment | 34.77B | 34.17B | 33.75B | 33.71B | 33.57B | 33.18B | 33.02B | 32.93B | 33.08B | 33.11B | 33.10B | 33.17B |
| Goodwill | — | — | 631.00M | — | — | — | 631.00M | — | — | — | 631.00M | — |
| 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 |
| Accounts Payable | 13.31B | 12.19B | 12.62B | 13.79B | 12.02B | 11.82B | 13.05B | 14.42B | 12.60B | 11.56B | 12.10B | 14.29B |
| 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 |
| Total Current Liabilities | 21.18B | 19.38B | 21.23B | 21.24B | 19.22B | 18.99B | 20.80B | 21.79B | 19.98B | 19.86B | 19.30B | 21.50B |
| Long-Term Debt | 14.22B | 14.28B | 14.33B | 15.37B | 15.32B | 14.33B | 14.30B | 14.35B | 13.65B | 13.49B | 14.92B | 14.88B |
| Total Liabilities | 43.39B | 41.62B | 43.33B | 44.49B | 42.43B | 41.24B | 43.10B | 44.04B | 41.57B | 41.28B | 41.92B | 43.72B |
| Shareholders' Equity | 17.84B | 16.39B | 16.16B | 15.50B | 15.42B | 14.95B | 14.67B | 14.49B | 14.43B | 13.84B | 13.43B | 12.51B |
| Retained Earnings | 10.89B | 9.55B | 9.30B | 8.78B | 8.77B | 8.36B | 8.09B | 8.01B | 8.03B | 7.52B | 7.09B | 6.22B |
| Total Debt | 15.36B | 15.41B | 16.46B | 16.50B | 16.46B | 15.47B | 15.94B | 15.98B | 15.29B | 16.10B | 16.04B | 15.99B |
| Net Cash (Debt) | -9.95B | -11.88B | -11.60B | -12.68B | -12.12B | -12.59B | -11.77B | -12.55B | -11.80B | -12.50B | -12.85B | -14.09B |
| Shares Outstanding | 454.29M | 454.18M | 452.84M | 452.80M | 454.40M | 454.36M | 455.57M | 459.24M | 461.60M | 462.64M | 461.68M | 461.65M |
This table shows 12 quarterly periods of Target's balance sheet, from Q2 2026 back to Q3 2023, 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?