Stock Analysis on Net
Stock Analysis on Net

Target Corp. (NYSE:TGT)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Target Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019
Accounts payable 21.85 25.29 28.76 25.09 23.19 23.64
Wages and benefits 2.77 2.47 3.01 3.27 2.71 2.98
Gift card liability, net of estimated breakage 2.10 2.32 2.23 2.02 2.19 2.03
Real estate, sales, and other taxes payable 1.49 1.45 1.94 2.15 1.40 1.46
Dividends payable 0.92 0.93 0.79 0.67 0.78 0.80
Current portion of operating lease liabilities 0.59 0.55 0.47 0.41 0.47 0.40
Workers’ compensation and general liability 0.35 0.32 0.31 0.33 0.36 0.34
Interest payable 0.22 0.18 0.14 0.15 0.16 0.15
Other 2.56 2.80 2.43 2.94 2.23 2.01
Accrued and other current liabilities 11.00% 11.03% 11.33% 11.95% 10.30% 10.17%
Current portion of long-term debt and other borrowings 2.02 0.24 0.32 2.23 0.38 2.55
Current liabilities 34.87% 36.56% 40.41% 39.27% 33.86% 36.36%
Long-term debt and other borrowings, excluding current portion 26.96 30.02 25.18 22.51 26.50 24.76
Noncurrent operating lease liabilities 5.92 4.95 4.63 4.33 5.32 4.85
Deferred income taxes 4.48 4.12 2.91 1.93 2.62 2.35
Deferred compensation 1.04 1.03 1.06 1.07 1.15 1.14
Workers’ compensation and general liability 0.83 0.73 0.65 0.67 0.72 0.68
Deferred occupancy income 0.76 0.84 0.89 0.99 1.26 1.38
Income and other taxes payable 0.49 0.31 0.26 0.85 0.45 0.76
Pension benefits 0.06 0.07 0.08 0.11 0.25 0.10
Other 0.33 0.32 0.08 0.09 0.19 0.25
Other noncurrent liabilities 3.50% 3.30% 3.03% 3.78% 4.03% 4.31%
Noncurrent liabilities 40.86% 42.38% 35.75% 32.55% 38.47% 36.28%
Total liabilities 75.74% 78.94% 76.16% 71.82% 72.34% 72.64%
Common stock 0.07 0.07 0.07 0.08 0.10 0.10
Additional paid-in-capital 12.21 12.39 11.93 12.35 14.55 14.63
Retained earnings 12.81 9.38 12.86 17.22 15.04 14.57
Accumulated other comprehensive loss -0.83 -0.79 -1.03 -1.48 -2.03 -1.95
Shareholders’ investment 24.26% 21.06% 23.84% 28.18% 27.66% 27.36%
Total liabilities and shareholders’ investment 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Target Corp. current liabilities as a percentage of total liabilities and shareholders’ investment decreased from 2022 to 2023 and from 2023 to 2024.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Target Corp. noncurrent liabilities as a percentage of total liabilities and shareholders’ investment increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Target Corp. total liabilities as a percentage of total liabilities and shareholders’ investment increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Shareholders’ investment Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Target Corp. shareholders’ investment as a percentage of total liabilities and shareholders’ investment decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.