Current Ratio
since 2005
Calculation
Target Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jan 31, 2026 | 0.94 | = | 20,005) | ÷ | 21,230) |
| Feb 1, 2025 | 0.94 | = | 19,454) | ÷ | 20,799) |
| Feb 3, 2024 | 0.91 | = | 17,498) | ÷ | 19,304) |
| Jan 28, 2023 | 0.92 | = | 17,846) | ÷ | 19,500) |
| Jan 29, 2022 | 0.99 | = | 21,573) | ÷ | 21,747) |
| Jan 30, 2021 | 1.03 | = | 20,756) | ÷ | 20,125) |
| Feb 1, 2020 | 0.89 | = | 12,902) | ÷ | 14,487) |
| Feb 2, 2019 | 0.83 | = | 12,519) | ÷ | 15,014) |
| Feb 3, 2018 | 0.95 | = | 12,564) | ÷ | 13,201) |
| Jan 28, 2017 | 0.94 | = | 11,990) | ÷ | 12,708) |
| Jan 30, 2016 | 1.12 | = | 14,130) | ÷ | 12,622) |
| Jan 31, 2015 | 1.20 | = | 14,087) | ÷ | 11,736) |
| Feb 1, 2014 | 0.91 | = | 11,573) | ÷ | 12,777) |
| Feb 2, 2013 | 1.17 | = | 16,388) | ÷ | 14,031) |
| Jan 28, 2012 | 1.15 | = | 16,449) | ÷ | 14,287) |
| Jan 29, 2011 | 1.71 | = | 17,213) | ÷ | 10,070) |
| Jan 30, 2010 | 1.63 | = | 18,424) | ÷ | 11,327) |
| Jan 31, 2009 | 1.66 | = | 17,488) | ÷ | 10,512) |
| Feb 2, 2008 | 1.60 | = | 18,906) | ÷ | 11,782) |
| Feb 3, 2007 | 1.32 | = | 14,706) | ÷ | 11,117) |
| Jan 28, 2006 | 1.50 | = | 14,405) | ÷ | 9,588) |
| Jan 29, 2005 | 1.69 | = | 13,922) | ÷ | 8,220) |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 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), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in millions
The current ratio for the analyzed period demonstrates fluctuations, generally indicating a moderate level of liquidity. Initial values suggest a relatively comfortable position, which subsequently experiences periods of decline and recovery.
- Overall Trend
- From 2005 to 2025, the current ratio exhibits a cyclical pattern. It begins at 1.69, decreases to a low of 0.83 in 2019, and then shows some recovery, peaking at 1.03 in 2021 before settling around 0.94 in the most recent years.
- Early Period (2005-2008)
- The period between 2005 and 2008 shows initial stability followed by an increase. The ratio declines from 1.69 in 2005 to 1.50 in 2006, then to 1.32 in 2007, before rising again to 1.60 in 2008. This suggests a period of fluctuating, but generally acceptable, short-term liquidity.
- Period of Decline (2008-2012)
- A noticeable downward trend is observed from 2008 through 2012. The ratio decreases from 1.60 to 1.15, reaching a low point of 0.91 in 2012. This indicates a weakening ability to cover short-term liabilities with short-term assets during this timeframe.
- Volatility and Recovery Attempts (2013-2018)
- The years 2013 to 2018 demonstrate volatility. The ratio fluctuates between 0.91 and 1.20, with no clear sustained upward or downward movement. It reaches 1.20 in 2015, but quickly falls back to 0.94 in 2017 and 0.95 in 2018. This suggests ongoing challenges in maintaining consistent liquidity.
- Recent Years (2019-2025)
- From 2019 to 2025, the current ratio remains relatively low, generally below 1.0. It reaches a minimum of 0.83 in 2019, improves to 1.03 in 2021, and then stabilizes around 0.94. This indicates a continued reliance on efficient working capital management to meet short-term obligations. The consistency around 0.94 in the latest years suggests a new, albeit lower, equilibrium.
Overall, the current ratio suggests that the entity has experienced periods of strong and weak liquidity. While the ratio has generally been above 1.0 for much of the period, the recent trend towards values closer to 1.0 warrants continued monitoring to ensure sufficient short-term financial flexibility.
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Comparison to Competitors
Target Corp., current ratio, long-term trends, comparison to competitors
| Target Corp. | Costco Wholesale Corp. | Walmart Inc. | |
|---|---|---|---|
| Jan 31, 2026 | 0.94 | — | 0.79 |
| Feb 1, 2025 | 0.94 | 1.03 | 0.82 |
| Feb 3, 2024 | 0.91 | 0.97 | 0.83 |
| Jan 28, 2023 | 0.92 | 1.07 | 0.82 |
| Jan 29, 2022 | 0.99 | 1.02 | 0.93 |
| Jan 30, 2021 | 1.03 | 1.00 | 0.97 |
| Feb 1, 2020 | 0.89 | 1.13 | 0.79 |
| Feb 2, 2019 | 0.83 | 1.01 | 0.80 |
| Feb 3, 2018 | 0.95 | 1.02 | 0.76 |
| Jan 28, 2017 | 0.94 | 0.99 | 0.86 |
| Jan 30, 2016 | 1.12 | 0.98 | 0.93 |
| Jan 31, 2015 | 1.20 | 1.05 | 0.97 |
| Feb 1, 2014 | 0.91 | 1.22 | 0.88 |
| Feb 2, 2013 | 1.17 | 1.19 | 0.83 |
| Jan 28, 2012 | 1.15 | 1.10 | 0.88 |
| Jan 29, 2011 | 1.71 | 1.14 | 0.89 |
| Jan 30, 2010 | 1.63 | 1.16 | 0.87 |
| Jan 31, 2009 | 1.66 | 1.11 | 0.88 |
| Feb 2, 2008 | 1.60 | 1.07 | 0.81 |
| Feb 3, 2007 | 1.32 | 1.09 | 0.90 |
| Jan 28, 2006 | 1.50 | 1.05 | 0.90 |
| Jan 29, 2005 | 1.69 | 1.22 | 0.90 |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 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), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Consumer Staples Distribution & Retail)
Target Corp., current ratio, long-term trends, comparison to sector (consumer staples distribution & retail)
| Target Corp. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jan 31, 2026 | 0.94 | — |
| Feb 1, 2025 | 0.94 | 0.89 |
| Feb 3, 2024 | 0.91 | 0.87 |
| Jan 28, 2023 | 0.92 | 0.89 |
| Jan 29, 2022 | 0.99 | 0.96 |
| Jan 30, 2021 | 1.03 | 0.99 |
| Feb 1, 2020 | 0.89 | 0.88 |
| Feb 2, 2019 | 0.83 | 0.85 |
| Feb 3, 2018 | 0.95 | 0.83 |
| Jan 28, 2017 | 0.94 | 0.90 |
| Jan 30, 2016 | 1.12 | 0.97 |
| Jan 31, 2015 | 1.20 | 1.01 |
| Feb 1, 2014 | 0.91 | 0.94 |
| Feb 2, 2013 | 1.17 | 0.93 |
| Jan 28, 2012 | 1.15 | 0.96 |
| Jan 29, 2011 | 1.71 | 1.03 |
| Jan 30, 2010 | 1.63 | 1.02 |
| Jan 31, 2009 | 1.66 | 1.02 |
| Feb 2, 2008 | 1.60 | 0.96 |
| Feb 3, 2007 | 1.32 | 0.99 |
| Jan 28, 2006 | 1.50 | 1.00 |
| Jan 29, 2005 | 1.69 | 1.05 |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 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), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Consumer Staples)
Target Corp., current ratio, long-term trends, comparison to industry (consumer staples)
| Target Corp. | Consumer Staples | |
|---|---|---|
| Jan 31, 2026 | 0.94 | — |
| Feb 1, 2025 | 0.94 | 0.89 |
| Feb 3, 2024 | 0.91 | 0.85 |
| Jan 28, 2023 | 0.92 | 0.84 |
| Jan 29, 2022 | 0.99 | 0.87 |
| Jan 30, 2021 | 1.03 | 0.93 |
| Feb 1, 2020 | 0.89 | 0.92 |
| Feb 2, 2019 | 0.83 | 0.82 |
| Feb 3, 2018 | 0.95 | 0.87 |
| Jan 28, 2017 | 0.94 | 1.02 |
| Jan 30, 2016 | 1.12 | 1.04 |
| Jan 31, 2015 | 1.20 | 1.06 |
| Feb 1, 2014 | 0.91 | 0.97 |
| Feb 2, 2013 | 1.17 | 0.97 |
| Jan 28, 2012 | 1.15 | 0.99 |
| Jan 29, 2011 | 1.71 | 0.97 |
| Jan 30, 2010 | 1.63 | 1.01 |
| Jan 31, 2009 | 1.66 | 1.03 |
| Feb 2, 2008 | 1.60 | 0.98 |
| Feb 3, 2007 | 1.32 | 0.91 |
| Jan 28, 2006 | 1.50 | 1.04 |
| Jan 29, 2005 | 1.69 | 0.99 |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 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), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).