Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Cash Flow Statement
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Analysis of Debt
- Aggregate Accruals
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Target Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets showed significant fluctuation over the observed periods. It began near 2.89% in early 2019, peaking at 16.61% by early 2021, indicating a considerable increase in liquidity during this timeframe. Following this peak, there was a sharp decline to approximately 1.72% by late 2022, before moderately recovering to around 6.54% by mid-2024, ending at 5.14% in the most recent period. These variations suggest changes in cash management or liquidity strategies across different quarters.
- Inventory
- Inventory as a percentage of total assets experienced notable volatility. Starting at 22.3% in mid-2019, inventory levels rose sharply to a high near 30.78% by late 2022, illustrating an accumulation of stock relative to assets. A subsequent decrease occurred, dropping to approximately 21.28% by mid-2024. The latter part of the series shows a slight increase again to 23.22%. This pattern could indicate fluctuations in supply chain management, demand expectations, or sales performance.
- Other current assets
- This category remained relatively stable throughout the period, consistently comprising roughly 3.1% to 4.2% of total assets. The consistency suggests limited volatility in smaller current asset components beyond cash and inventory, indicating a stable composition in miscellaneous current holdings.
- Current assets
- Current assets proportion of total assets showed an increasing trend up to the early 2021 period, reaching a peak near 41.49%. After this, there was a gradual decline to 30.25% by early 2023, followed by minor fluctuations stabilizing near 30% through mid-2025. This reflects a moderate shift from current toward possibly more noncurrent assets or changes in asset structure liquidity.
- Property and equipment, net
- The net property and equipment percentage demonstrated a downward trajectory from 63.29% in early 2019 to a lower range near 52.85% by late 2020, followed by variability around mid-50% to low 60% in later periods. The overall level remains high relative to total assets, signifying a substantial fixed asset base. The increased percentages from early 2023 onward suggest reinvestment or appreciation in fixed assets.
- Operating lease assets
- Operating lease assets as a share of total assets maintained a narrow range between approximately 4.35% and 6.65%, with an upward trend especially noticeable from early 2023. This gradual increase implies growing recognition or acquisition of lease-related assets, possibly reflecting shifts in leasing strategy or accounting treatment.
- Other noncurrent assets
- This category remained quite stable across the timeline, mostly fluctuating between 2.5% and 3.3%, showing no significant structural changes in noncurrent asset components aside from property and operating leases.
- Noncurrent assets
- Noncurrent assets as a total percentage of assets declined from about 71.42% in mid-2019 to around 59.91% by late 2020, before recovering to nearly 69.75% in early 2023. This pattern indicates cyclical adjustments in long-term asset holdings, potentially tied to investment cycles, disposals, or reclassifications between current and noncurrent categories.
- Total assets
- The total assets are set as a base (100%) for proportional comparison and show no variation by definition.