Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Analysis of Revenues
- Analysis of Debt
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Target Corp., consolidated balance sheet: assets (quarterly data)
US$ in millions
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).
- Cash and Cash Equivalents
- The cash and cash equivalents exhibit notable fluctuations over the periods analyzed. Beginning at 1,173 million US dollars, the figure peaks at 7,284 million in August 2020, suggesting a significant liquidity increase during this timeframe. However, subsequent periods show a decline and volatility, with figures oscillating between 1,112 million and 4,762 million, indicating varying cash management strategies or changes in operating cash flows.
- Inventory
- Inventory levels generally trend upward, starting at 9,060 million US dollars and reaching a maximum of 17,117 million in October 2022. There are intermittent declines, notably from October 2022 to April 2023, indicating possible inventory drawdowns or strategic stock adjustments. Overall, inventory growth points to expansion or increased stockholding to meet demand.
- Other Current Assets
- Other current assets remain relatively stable, fluctuating moderately between approximately 1,300 million and 2,300 million US dollars. The data suggest consistent levels of miscellaneous current assets without sharp volatility, implying steady operational or short-term assets outside of cash and inventory.
- Current Assets
- Current assets show an overall increasing trend, rising from 11,607 million US dollars to highs above 20,000 million in some periods. Notable peaks occur around August 2020 and late 2024, highlighting periods of enhanced short-term asset accumulation. Minor decreases and rebounds occur intermittently, reflecting shifts in liquidity or short-term asset composition.
- Property and Equipment, Net
- This asset category consistently grows over time, starting at 25,706 million US dollars and increasing steadily to approximately 33,710 million in late 2025. The stable upward trend suggests ongoing investment in fixed assets or capital expenditures, reflecting possible expansion or maintenance of operational capacity.
- Operating Lease Assets
- Operating lease assets exhibit gradual growth from about 2,019 million to a peak near 3,763 million US dollars. The upward trend suggests increments in leasing activity or capitalization of leases, indicating an expanding asset base related to occupancy or equipment under lease agreements.
- Other Noncurrent Assets
- Other noncurrent assets remain fairly consistent, fluctuating modestly between approximately 1,280 million and 1,840 million US dollars. This steadiness reflects minimal volatility or changes in long-term miscellaneous assets.
- Noncurrent Assets
- Total noncurrent assets steadily increase from 29,012 million to around 39,289 million US dollars. The growth reflects accumulation of fixed and long-term assets, supportive of long-term company operations and capital investment strategies.
- Total Assets
- Total assets demonstrate a general upward trajectory, moving from 40,619 million US dollars to nearly 60,000 million by late 2025. Despite some intermittent decreases, this growth indicates overall expansion in the asset base, supporting increased operational scale or asset reinvestment.