Stock Analysis on Net

Target Corp. (NYSE:TGT)

Analysis of Debt 

Microsoft Excel

Total Debt (Carrying Amount)

Target Corp., balance sheet: debt

US$ in millions

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Current portion of long-term debt and other borrowings 1,636 1,116 130 171 1,144 161
Long-term debt and other borrowings, excluding current portion 14,304 14,922 16,009 13,549 11,536 11,338
Total long-term debt and other borrowings, including current portion (carrying amount) 15,940 16,038 16,139 13,720 12,680 11,499

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).

Debt item Description The company
Total long-term debt and other borrowings, including current portion (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Target Corp. total debt decreased from 2023 to 2024 and from 2024 to 2025.

Total Debt (Fair Value)

Microsoft Excel
Feb 1, 2025
Selected Financial Data (US$ in millions)
Notes and debentures 12,953
Finance lease liabilities 2,161
Total long-term debt and other borrowings, including current portion (fair value) 15,114
Financial Ratio
Debt, fair value to carrying amount ratio 0.95

Based on: 10-K (reporting date: 2025-02-01).


Weighted-average Interest Rate on Debt

Weighted average interest rate on long-term debt and other borrowings: 3.77%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
2.70% 4,671 126
4.10% 3,965 163
6.80% 938 64
4.00% 1,089 44
3.80% 1,120 43
3.90% 2,121 83
3.88% 2,161 84
Total 16,065 605
3.77%

Based on: 10-K (reporting date: 2025-02-01).

1 US$ in millions

2 Weighted-average interest rate = 100 × 605 ÷ 16,065 = 3.77%