Target Corporation (TGT) — Cash Flow-to-Debt Ratio
Target Corporation (TGT) has a Cash Flow-to-Debt Ratio of 0.03x as of October 2025, meaning its operating cash flow of $1.13 Billion could theoretically repay 0% of its total liabilities ($44.49 Billion) in one year. See Target Corporation leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Target Corporation Cash Flow-to-Debt Ratio (1990–2025)
Historical debt coverage capacity for Target Corporation across 36 annual periods. For the full cash flow conversion analysis, see how efficiently does Target Corporation generate cash.
Annual Cash Flow-to-Debt Ratio for Target Corporation (1990–2025)
Year-by-year debt coverage analysis for Target Corporation. Check Target Corporation (TGT) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.17x | $7.37 Billion | $43.10 Billion | ▼ -16.9% |
| 2024 | 0.21x | $8.62 Billion | $41.92 Billion | ▲ +115.5% |
| 2023 | 0.10x | $4.02 Billion | $42.10 Billion | ▼ -54.7% |
| 2022 | 0.21x | $8.62 Billion | $40.98 Billion | ▼ -26.4% |
| 2021 | 0.29x | $10.53 Billion | $36.81 Billion | ▲ +24.3% |
| 2020 | 0.23x | $7.12 Billion | $30.95 Billion | ▲ +15.5% |
| 2019 | 0.20x | $5.97 Billion | $29.99 Billion | ▼ -17.6% |
| 2018 | 0.24x | $6.92 Billion | $28.65 Billion | ▲ +17.7% |
| 2017 | 0.21x | $5.44 Billion | $26.48 Billion | ▼ -4.1% |
| 2016 | 0.21x | $5.84 Billion | $27.30 Billion | ▲ +31.0% |
| 2015 | 0.16x | $4.44 Billion | $27.18 Billion | ▼ -29.0% |
| 2014 | 0.23x | $6.52 Billion | $28.32 Billion | ▲ +36.6% |
| 2013 | 0.17x | $5.33 Billion | $31.61 Billion | ▼ -4.5% |
| 2012 | 0.18x | $5.43 Billion | $30.81 Billion | ▼ -5.6% |
| 2011 | 0.19x | $5.27 Billion | $28.22 Billion | ▼ -7.3% |
| 2010 | 0.20x | $5.88 Billion | $29.19 Billion | ▲ +38.2% |
| 2009 | 0.15x | $4.43 Billion | $30.39 Billion | ▲ +3.4% |
| 2008 | 0.14x | $4.12 Billion | $29.25 Billion | ▼ -37.0% |
| 2007 | 0.22x | $4.86 Billion | $21.72 Billion | ▲ +4.6% |
| 2006 | 0.21x | $4.45 Billion | $20.79 Billion | ▲ +29.1% |
| 2005 | 0.17x | $3.19 Billion | $19.26 Billion | ▲ +6.7% |
| 2004 | 0.16x | $3.16 Billion | $20.33 Billion | ▲ +87.3% |
| 2003 | 0.08x | $1.59 Billion | $19.16 Billion | ▼ -32.1% |
| 2002 | 0.12x | $1.99 Billion | $16.29 Billion | ▼ -16.8% |
| 2001 | 0.15x | $1.91 Billion | $12.97 Billion | ▼ -26.4% |
| 2000 | 0.20x | $2.25 Billion | $11.28 Billion | ▲ +10.8% |
| 1999 | 0.18x | $1.86 Billion | $10.33 Billion | ▼ -2.6% |
| 1998 | 0.19x | $1.79 Billion | $9.70 Billion | ▲ +21.2% |
| 1997 | 0.15x | $1.46 Billion | $9.55 Billion | ▲ +19.7% |
| 1996 | 0.13x | $1.16 Billion | $9.11 Billion | ▲ +20.9% |
| 1995 | 0.11x | $892.00 Million | $8.46 Billion | ▼ -31.8% |
| 1994 | 0.15x | $1.22 Billion | $7.89 Billion | ▲ +21.6% |
| 1993 | 0.13x | $984.00 Million | $7.74 Billion | ▲ +109.0% |
| 1992 | 0.06x | $437.00 Million | $7.19 Billion | ▼ -37.2% |
| 1991 | 0.10x | $625.00 Million | $6.45 Billion | ▼ -35.4% |
| 1990 | 0.15x | $739.00 Million | $4.93 Billion | — |