Analysis of Debt
Total Debt (Carrying Amount)
Target Corp., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
| Debt item | Description | The company |
|---|---|---|
| Total debt (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Target Corp. total debt increased from 2022 to 2023 but then slightly decreased from 2023 to 2024. |
Total Debt (Fair Value)
| Feb 3, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Notes and debentures | 13,467) |
| Finance lease liabilities | 2,013) |
| Total debt (fair value) | 15,480) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.97 |
Based on: 10-K (reporting date: 2024-02-03).
Weighted-average Interest Rate on Debt
Weighted average interest rate on debt: 3.85%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 2.70% | 4,668) | 126) | |
| 4.50% | 4,219) | 190) | |
| 6.80% | 937) | 64) | |
| 4.00% | 1,088) | 44) | |
| 3.80% | 1,119) | 43) | |
| 3.90% | 2,120) | 83) | |
| 3.69% | 2,013) | 74) | |
| Total | 16,164) | 623) | |
| 3.85% | |||
Based on: 10-K (reporting date: 2024-02-03).
1 US$ in millions
2 Weighted-average interest rate = 100 × 623 ÷ 16,164 = 3.85%