Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
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Target Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 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).
- Current Liabilities
- The proportion of current liabilities relative to total liabilities and shareholders' investment fluctuated between approximately 32.17% and 42.92% over the observed periods. This category reached a peak in late 2021 at 42.92%, indicating a temporary rise in short-term obligations. More recently, current liabilities exhibited a stable trend, hovering around 33% to 37%, suggesting controlled management of near-term debt and obligations.
- Accounts Payable
- Accounts payable as a percentage of total liabilities and shareholders' investment showed variability, peaking around 29.87% in late 2021. It generally maintained levels between 20% and 28%, with modest declines toward the end of the period analyzed, indicating potential shifts in supplier payment practices or procurement strategies.
- Accrued and Other Current Liabilities
- This category remained relatively stable throughout, generally ranging from about 9.4% to 11.3%. Slight upward pressure was observed in some periods but it mostly maintained consistent levels, reflecting a steady accumulation of periodic charges and other current obligations.
- Current Portion of Long-Term Debt and Other Borrowings
- There was notable volatility in the current portion of long-term debt and borrowings, fluctuating between lows around 0.23% and highs near 4.74%. Peaks and troughs in this metric may indicate timing effects in debt repayments or refinancing activities, suggesting periodic shifts in the short-term maturity structure of long-term liabilities.
- Noncurrent Liabilities
- Noncurrent liabilities comprised between 31.72% and 43.49% of total liabilities and shareholders' investment, with a general increasing trend from 2019 through early 2023. This pattern reflects an increasing reliance or accumulation of longer-term obligations or lease liabilities over the medium term.
- Long-Term Debt Excluding Current Portion
- The portion of long-term debt excluding current maturities varied between approximately 21.29% and 31.41%. After peaking in mid-2020, it showed some decline but increased again around early 2023, indicating fluctuations in long-term debt levels, possibly reflecting borrowing and repayment cycles or refinancing activity.
- Noncurrent Operating Lease Liabilities
- These liabilities showed a gradual upward trend, increasing from around 4.33% to 6.34%. This moderate growth signals either new lease commitments or adjustments to lease accounting practices, contributing to the overall noncurrent liabilities.
- Deferred Income Taxes
- Deferred tax liabilities rose notably from about 2.5% to near 4.6%, with a steady progression especially from 2020 onward. This increase might reflect timing differences in tax recognition and suggests growing deferred tax obligations.
- Other Noncurrent Liabilities
- Other noncurrent liabilities remained fairly consistent around the 3% to 4.5% range with minor fluctuations. The lack of sharp changes indicates stability in miscellaneous long-term liabilities not included elsewhere.
- Total Liabilities
- The total liabilities ratio ranged mainly between 70.36% and 80.19%, peaking in the latter part of 2022, reflecting an overall dominant proportion of liabilities compared to shareholders' equity in the capital structure. A general maintenance of high liability levels suggests continued leveraged financing stance.
- Shareholders’ Investment
- Shareholders’ investment displayed an inverse trend to total liabilities, ranging roughly from 19.81% to 29.64%. It reached a low toward late 2022 but showed improvement in subsequent quarters, indicating some recovery or strengthening of equity position relative to liabilities.
- Common Stock and Additional Paid-In Capital
- Common stock as a share of total capital remained under 0.1%, staying essentially flat over time. Additional paid-in capital declined from about 14.7% to close to 11.9%, with minor fluctuations, pointing to slight erosion or lack of new capital injections in paid-in capital over the periods analyzed.
- Retained Earnings
- Retained earnings as a portion of total liabilities and shareholders' investment saw a decreasing trend from more than 17% in early 2021 down to around 8.3% by late 2022 but showed a moderate rebound thereafter reaching over 15% by mid-2025. The initial decline followed by recovery suggests variability in cumulative profitability or dividend policies across these periods.
- Accumulated Other Comprehensive Loss
- This item improved moderately, shrinking from nearly -2% toward about -0.37%, before fluctuating closer to -0.8% in recent periods. The reduced magnitude of this loss implies some recovery in elements such as foreign currency translation or unrealized loss components.
- Overall Capital Structure
- The data depict a capital structure consistently weighted towards liabilities, comprising between approximately 70% and 80% of total liabilities plus shareholders’ investment. Shareholders’ equity maintained a smaller but variable proportion around 20% to 30%, showing some resilience and fluctuations but not major structural changes. Stability in current liabilities coupled with gradual increases in noncurrent obligations and deferred tax liabilities indicates a strategic balance between short-term financial flexibility and long-term debt commitments.