Current Ratio
since 2005
Calculation
Target Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| 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: 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 analysis of the annual financial data reveals distinct trends and fluctuations in the company’s liquidity position over the examined periods.
- Current Assets
- Current assets generally exhibit variability with periods of both growth and decline. From early 2005 to 2008, there was an overall upward trend, peaking near the 18,900 million USD level. However, subsequent years experienced decreases, notably in 2013 and 2017 when current assets dropped below 12,000 million USD. More recently, current assets show a recovery with values increasing above 19,000 million USD by 2025, indicating improved asset availability to cover short-term obligations.
- Current Liabilities
- Current liabilities have displayed a steadily increasing trajectory over the years. Starting at around 8,200 million USD in 2005, liabilities rose sharply through 2012, reaching over 14,000 million USD. The upward trend continued significantly into the 2020s, with liabilities exceeding 20,000 million USD by 2022 and maintaining a high level thereafter. This growth suggests rising short-term obligations, which requires close attention to liquidity management.
- Current Ratio
- The current ratio, a key indicator of short-term financial health, shows a declining trend from a high of 1.69 in 2005 to values consistently below 1.0 in many recent years (2013 to 2019 and again in 2023). This indicates periods where current liabilities surpass current assets, reflecting potential liquidity pressure. Although there is slight improvement around 2021 where the ratio reached marginally above 1.0, the prevailing ratio remains near or below 1.0 through 2025, signaling cautious short-term liquidity conditions.
Overall, the data illustrates a trend where current liabilities have increased notably over time, while current assets have fluctuated and have not consistently kept pace. Consequently, the current ratio has weakened compared to the early years. This could suggest challenges in meeting short-term liabilities without relying on additional financing or asset liquidation. The trend highlights the importance of strategic liquidity management and possibly reassessing working capital policies to maintain financial stability.
Comparison to Competitors
Target Corp., current ratio, long-term trends, comparison to competitors
| Target Corp. | Costco Wholesale Corp. | Walmart Inc. | |
|---|---|---|---|
| Feb 1, 2025 | 0.94 | — | 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: 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 | |
|---|---|---|
| Feb 1, 2025 | 0.94 | — |
| 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: 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 | |
|---|---|---|
| Feb 1, 2025 | 0.94 | — |
| 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: 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).