Debt-to-Equity Ratio

The debt-to-equity ratio measures how much a company relies on borrowed funds versus shareholder equity to finance its assets.

At 0.94x, TGT uses slightly less debt than equity, which is above the sector median of 0.73x and places it in the 62nd percentile among peers, meaning its leverage is higher than about 62% of comparable companies. Over the last eight quarters, the metric has generally been increasing, though the year-over-year change is not available and the most recent quarter shows a sharp drop of -18.3% from 1.15x to 0.94x. The combination of a leverage level above the sector median and a long-term rising trend suggests elevated financial risk compared to peers, but the sharp quarterly decline could indicate a temporary reduction in borrowing or equity growth. This mixed picture — above-average level but with a recent pullback — aligns with the overall NEUTRAL verdict, as it neither strongly supports nor contradicts a bullish or bearish stance.

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