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 TGT FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
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. Also explore Target Corporation annual equity growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Target Corporation (1990–2025)
Year-by-year debt coverage analysis for Target Corporation. For market capitalisation and broader financial context, see Target Corporation (TGT) market capitalisation.
| 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 | — |