Target Corporation (TGT) — Working Capital to Net Assets Ratio
Target Corporation (TGT) has a Working Capital to Net Assets ratio of -3.5% as of October 2025. Working capital of $-540.00 Million (current assets of $20.70 Billion minus current liabilities of $21.24 Billion) is measured against net assets of $15.50 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Target Corporation to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Target Corporation Working Capital to Net Assets (1986–2025)
This chart shows how Target Corporation's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2025. As of October 2025, the ratio stands at -3.5%, reflecting working capital of $-540.00 Million against net assets of $15.50 Billion USD. See Target Corporation liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Target Corporation (1986–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Target Corporation from 1986 to 2025, covering 40 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see TGT company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -9.2% | $-1.34 Billion | $14.67 Billion | $19.45 Billion | $20.80 Billion | ▲ +4.3 pp |
| 2024 | -13.4% | $-1.81 Billion | $13.43 Billion | $17.50 Billion | $19.30 Billion | ▲ +1.3 pp |
| 2023 | -14.7% | $-1.65 Billion | $11.23 Billion | $17.85 Billion | $19.50 Billion | ▼ -13.4 pp |
| 2022 | -1.4% | $-174.00 Million | $12.83 Billion | $21.57 Billion | $21.75 Billion | ▼ -5.7 pp |
| 2021 | 4.4% | $631.00 Million | $14.44 Billion | $20.76 Billion | $20.12 Billion | ▲ +17.8 pp |
| 2020 | -13.4% | $-1.58 Billion | $11.83 Billion | $12.90 Billion | $14.49 Billion | ▲ +8.7 pp |
| 2019 | -22.1% | $-2.50 Billion | $11.30 Billion | $12.52 Billion | $15.01 Billion | ▼ -17.7 pp |
| 2018 | -4.4% | $-512.00 Million | $11.65 Billion | $12.54 Billion | $13.05 Billion | ▲ +2.2 pp |
| 2017 | -6.6% | $-718.00 Million | $10.95 Billion | $11.99 Billion | $12.71 Billion | ▼ -18.2 pp |
| 2016 | 11.6% | $1.51 Billion | $12.96 Billion | $14.13 Billion | $12.62 Billion | ▼ -1.9 pp |
| 2015 | 13.5% | $1.89 Billion | $14.00 Billion | $13.62 Billion | $11.74 Billion | ▲ +20.9 pp |
| 2014 | -7.4% | $-1.20 Billion | $16.23 Billion | $11.57 Billion | $12.78 Billion | ▼ -21.7 pp |
| 2013 | 14.2% | $2.36 Billion | $16.56 Billion | $16.39 Billion | $14.03 Billion | ▲ +0.6 pp |
| 2012 | 13.7% | $2.16 Billion | $15.82 Billion | $16.45 Billion | $14.29 Billion | ▼ -32.5 pp |
| 2011 | 46.1% | $7.14 Billion | $15.49 Billion | $17.21 Billion | $10.07 Billion | ▼ -0.1 pp |
| 2010 | 46.2% | $7.10 Billion | $15.35 Billion | $18.42 Billion | $11.33 Billion | ▼ -4.6 pp |
| 2009 | 50.9% | $6.98 Billion | $13.71 Billion | $17.49 Billion | $10.51 Billion | ▲ +4.3 pp |
| 2008 | 46.5% | $7.12 Billion | $15.31 Billion | $18.91 Billion | $11.78 Billion | ▲ +23.6 pp |
| 2007 | 23.0% | $3.59 Billion | $15.63 Billion | $14.71 Billion | $11.12 Billion | ▼ -11.0 pp |
| 2006 | 33.9% | $4.82 Billion | $14.21 Billion | $14.40 Billion | $9.59 Billion | ▼ -9.9 pp |
| 2005 | 43.8% | $5.70 Billion | $13.03 Billion | $13.92 Billion | $8.22 Billion | ▲ +2.1 pp |
| 2004 | 41.7% | $4.61 Billion | $11.06 Billion | $12.93 Billion | $8.31 Billion | ▼ -5.0 pp |
| 2003 | 46.7% | $4.41 Billion | $9.44 Billion | $11.94 Billion | $7.52 Billion | ▲ +13.7 pp |
| 2002 | 33.0% | $2.59 Billion | $7.86 Billion | $9.65 Billion | $7.05 Billion | ▲ +17.6 pp |
| 2001 | 15.4% | $1.00 Billion | $6.52 Billion | $7.30 Billion | $6.30 Billion | ▲ +4.6 pp |
| 2000 | 10.8% | $633.00 Million | $5.86 Billion | $6.48 Billion | $5.85 Billion | ▼ -7.0 pp |
| 1999 | 17.8% | $948.00 Million | $5.33 Billion | $6.00 Billion | $5.06 Billion | ▼ -4.6 pp |
| 1998 | 22.4% | $1.00 Billion | $4.49 Billion | $5.56 Billion | $4.56 Billion | ▼ -12.2 pp |
| 1997 | 34.6% | $1.33 Billion | $3.84 Billion | $5.44 Billion | $4.11 Billion | ▼ -6.7 pp |
| 1996 | 41.3% | $1.43 Billion | $3.46 Billion | $4.96 Billion | $3.52 Billion | ▼ -7.1 pp |
| 1995 | 48.5% | $1.57 Billion | $3.24 Billion | $4.96 Billion | $3.39 Billion | ▼ -1.3 pp |
| 1994 | 49.7% | $1.44 Billion | $2.89 Billion | $4.51 Billion | $3.08 Billion | ▼ -6.2 pp |
| 1993 | 55.9% | $1.45 Billion | $2.59 Billion | $4.41 Billion | $2.96 Billion | ▼ -7.3 pp |
| 1992 | 63.2% | $1.45 Billion | $2.30 Billion | $4.03 Billion | $2.58 Billion | ▲ +3.6 pp |
| 1991 | 59.6% | $1.24 Billion | $2.07 Billion | $3.66 Billion | $2.42 Billion | ▲ +7.6 pp |
| 1990 | 52.0% | $912.00 Million | $1.75 Billion | $3.11 Billion | $2.19 Billion | ▼ -0.6 pp |
| 1989 | 52.6% | $978.00 Million | $1.86 Billion | $2.98 Billion | $2.00 Billion | ▲ +6.1 pp |
| 1988 | 46.5% | $922.50 Million | $1.99 Billion | $2.91 Billion | $1.99 Billion | ▼ -8.3 pp |
| 1987 | 54.7% | $1.19 Billion | $2.18 Billion | $2.62 Billion | $1.42 Billion | ▼ -3.3 pp |
| 1986 | 58.0% | $1.13 Billion | $1.95 Billion | $2.55 Billion | $1.42 Billion | — |