Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Enterprise Value to EBITDA (EV/EBITDA)
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
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Target Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 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).
The financial structure of the entity exhibits a general expansion in both total liabilities and shareholders' investment over the analyzed period. Total liabilities and shareholders' investment grew from 44,806 million USD in May 2020 to 58,010 million USD by May 2026. While liabilities have increased in absolute terms, the growth in shareholders' equity has contributed significantly to the overall expansion of the balance sheet.
- Liability Composition and Trends
- Current liabilities demonstrate significant cyclical volatility, primarily driven by accounts payable. Peaks in accounts payable are consistently observed in the fourth quarter of the calendar year, reflecting seasonal inventory accumulation. For instance, accounts payable reached a high of 16,250 million USD in October 2021. Noncurrent liabilities showed a more steady upward trajectory, increasing from 19,225 million USD in May 2020 to 22,231 million USD in May 2026, largely supported by increases in long-term debt and noncurrent operating lease liabilities.
- Debt Obligations
- Long-term debt, excluding the current portion, remained relatively stable between 11,000 million USD and 16,000 million USD. A notable peak occurred in January 2023, where long-term debt reached 16,009 million USD. The current portion of long-term debt fluctuates sharply, indicating periodic maturity schedules or adjustments in debt classification, with a significant spike to 2,614 million USD in February 2024.
- Equity and Retained Earnings
- Shareholders' investment grew from 11,169 million USD in May 2020 to 16,395 million USD in May 2026. This growth was not linear; a marked contraction occurred between May 2021 and July 2022, where shareholders' investment fell from 14,959 million USD to 10,592 million USD. This decline was primarily mirrored in retained earnings, which dropped from 9,372 million USD to 4,421 million USD during the same window. However, a sustained recovery followed, with retained earnings climbing to 9,552 million USD by May 2026.
- Solvency and Capital Structure
- The relationship between total liabilities and shareholders' equity indicates a leveraged capital structure. Total liabilities consistently exceed shareholders' investment throughout the period. Despite the increase in total liabilities to 41,615 million USD by May 2026, the simultaneous increase in equity has prevented a deterioration of the solvency profile, suggesting a balanced approach to funding growth through both debt and retained earnings.