Target Net Invested Capital vs Long Term Debt Analysis

TGT Stock

USD 121.59 0.13 0.11%

Target financial indicator trend analysis is much more than just breaking down Target prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Target is a good investment. Please check the relationship between Target Net Invested Capital and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Target. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Target Stock please use our How to Invest in Target guide.

Net Invested Capital vs Long Term Debt

Net Invested Capital vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Target Net Invested Capital account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Target's Net Invested Capital and Long Term Debt is 0.56. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Target, assuming nothing else is changed. The correlation between historical values of Target's Net Invested Capital and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Target are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Invested Capital i.e., Target's Net Invested Capital and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.56

Relationship Direction	Positive
Relationship Strength	Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Long Term Debt

Long-term debt is a debt that Target has held for over one year. Long-term debt appears on Target balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Target balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Target's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Target current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Target. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Target Stock please use our How to Invest in Target guide.At this time, Target's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.20 in 2024, whereas Enterprise Value Over EBITDA is likely to drop 8.60 in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	106.0B	109.1B	107.4B	54.9B
Depreciation And Amortization	2.6B	2.7B	2.8B	1.5B

Total Revenue Depreciation And Amortization

Target fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Property Plant And Equipment Gross	Common Stock	Current Deferred Revenue
Total Assets		0.97	0.46	0.94	0.82	0.98	0.76	0.48	0.4	0.98	-0.04	0.41	0.11	-0.89	0.97	0.91	0.22	0.82	0.98	0.92	0.33	0.84	-0.79	0.55	-0.79	0.19
Short Long Term Debt Total	0.97		0.49	0.89	0.78	0.97	0.86	0.46	0.27	0.97	-0.05	0.28	0.19	-0.86	0.98	0.86	0.23	0.77	0.96	0.86	0.41	0.77	-0.77	0.61	-0.74	0.05
Other Current Liab	0.46	0.49		0.55	0.19	0.39	0.33	0.03	0.43	0.38	-0.12	0.43	-0.01	-0.45	0.45	0.51	-0.03	0.35	0.52	0.54	0.32	0.51	-0.53	0.69	-0.45	-0.33
Total Current Liabilities	0.94	0.89	0.55		0.61	0.87	0.57	0.22	0.58	0.87	-0.12	0.59	0.01	-0.89	0.9	0.96	-0.02	0.86	0.98	0.94	0.22	0.96	-0.87	0.57	-0.88	0.21
Total Stockholder Equity	0.82	0.78	0.19	0.61		0.83	0.7	0.88	0.16	0.83	0.22	0.16	0.28	-0.62	0.72	0.53	0.55	0.5	0.69	0.7	0.51	0.43	-0.39	0.25	-0.41	0.23
Property Plant And Equipment Net	0.98	0.97	0.39	0.87	0.83		0.83	0.5	0.25	1.0	-0.04	0.25	0.1	-0.89	0.97	0.86	0.26	0.82	0.94	0.81	0.34	0.77	-0.78	0.52	-0.77	0.11
Net Debt	0.76	0.86	0.33	0.57	0.7	0.83		0.53	-0.23	0.83	-0.08	-0.23	0.37	-0.61	0.82	0.58	0.41	0.48	0.71	0.53	0.46	0.42	-0.49	0.51	-0.45	-0.22
Retained Earnings	0.48	0.46	0.03	0.22	0.88	0.5	0.53		-0.11	0.5	0.4	-0.1	0.46	-0.19	0.36	0.11	0.7	0.02	0.3	0.4	0.59	0.01	0.07	0.05	0.05	0.16
Cash	0.4	0.27	0.43	0.58	0.16	0.25	-0.23	-0.11		0.26	0.12	1.0	-0.33	-0.5	0.31	0.51	-0.35	0.53	0.46	0.63	-0.09	0.64	-0.57	0.37	-0.56	0.5
Non Current Assets Total	0.98	0.97	0.38	0.87	0.83	1.0	0.83	0.5	0.26		-0.04	0.26	0.09	-0.89	0.97	0.86	0.25	0.82	0.94	0.81	0.32	0.77	-0.78	0.52	-0.77	0.12
Non Currrent Assets Other	-0.04	-0.05	-0.12	-0.12	0.22	-0.04	-0.08	0.4	0.12	-0.04		0.12	0.18	0.12	-0.14	-0.32	0.11	-0.22	-0.13	-0.04	0.38	-0.23	0.16	-0.07	0.26	0.45
Cash And Short Term Investments	0.41	0.28	0.43	0.59	0.16	0.25	-0.23	-0.1	1.0	0.26	0.12		-0.31	-0.5	0.32	0.51	-0.35	0.53	0.46	0.63	-0.07	0.64	-0.57	0.37	-0.56	0.5
Net Receivables	0.11	0.19	-0.01	0.01	0.28	0.1	0.37	0.46	-0.33	0.09	0.18	-0.31		0.15	0.06	-0.06	0.04	-0.27	0.04	0.13	0.69	-0.15	0.27	-0.06	0.26	-0.18
Common Stock Shares Outstanding	-0.89	-0.86	-0.45	-0.89	-0.62	-0.89	-0.61	-0.19	-0.5	-0.89	0.12	-0.5	0.15		-0.9	-0.9	0.02	-0.96	-0.91	-0.78	-0.12	-0.86	0.95	-0.58	0.96	-0.18
Non Current Liabilities Total	0.97	0.98	0.45	0.9	0.72	0.97	0.82	0.36	0.31	0.97	-0.14	0.32	0.06	-0.9		0.91	0.18	0.83	0.98	0.85	0.24	0.83	-0.83	0.63	-0.8	0.09
Inventory	0.91	0.86	0.51	0.96	0.53	0.86	0.58	0.11	0.51	0.86	-0.32	0.51	-0.06	-0.9	0.91		-0.09	0.89	0.96	0.87	0.06	0.97	-0.89	0.62	-0.91	0.1
Other Current Assets	0.22	0.23	-0.03	-0.02	0.55	0.26	0.41	0.7	-0.35	0.25	0.11	-0.35	0.04	0.02	0.18	-0.09		-0.13	0.08	0.13	0.25	-0.19	0.21	-0.11	0.19	0.0
Other Stockholder Equity	0.82	0.77	0.35	0.86	0.5	0.82	0.48	0.02	0.53	0.82	-0.22	0.53	-0.27	-0.96	0.83	0.89	-0.13		0.87	0.72	-0.01	0.87	-0.95	0.45	-0.97	0.2
Total Liab	0.98	0.96	0.52	0.98	0.69	0.94	0.71	0.3	0.46	0.94	-0.13	0.46	0.04	-0.91	0.98	0.96	0.08	0.87		0.92	0.23	0.92	-0.87	0.62	-0.86	0.16
Total Current Assets	0.92	0.86	0.54	0.94	0.7	0.81	0.53	0.4	0.63	0.81	-0.04	0.63	0.13	-0.78	0.85	0.87	0.13	0.72	0.92		0.3	0.86	-0.72	0.55	-0.73	0.29
Short Term Debt	0.33	0.41	0.32	0.22	0.51	0.34	0.46	0.59	-0.09	0.32	0.38	-0.07	0.69	-0.12	0.24	0.06	0.25	-0.01	0.23	0.3		-0.04	0.0	0.06	0.04	-0.15
Accounts Payable	0.84	0.77	0.51	0.96	0.43	0.77	0.42	0.01	0.64	0.77	-0.23	0.64	-0.15	-0.86	0.83	0.97	-0.19	0.87	0.92	0.86	-0.04		-0.89	0.6	-0.91	0.24
Common Stock Total Equity	-0.79	-0.77	-0.53	-0.87	-0.39	-0.78	-0.49	0.07	-0.57	-0.78	0.16	-0.57	0.27	0.95	-0.83	-0.89	0.21	-0.95	-0.87	-0.72	0.0	-0.89		-0.66	0.96	-0.12
Property Plant And Equipment Gross	0.55	0.61	0.69	0.57	0.25	0.52	0.51	0.05	0.37	0.52	-0.07	0.37	-0.06	-0.58	0.63	0.62	-0.11	0.45	0.62	0.55	0.06	0.6	-0.66		-0.52	-0.1
Common Stock	-0.79	-0.74	-0.45	-0.88	-0.41	-0.77	-0.45	0.05	-0.56	-0.77	0.26	-0.56	0.26	0.96	-0.8	-0.91	0.19	-0.97	-0.86	-0.73	0.04	-0.91	0.96	-0.52		-0.17
Current Deferred Revenue	0.19	0.05	-0.33	0.21	0.23	0.11	-0.22	0.16	0.5	0.12	0.45	0.5	-0.18	-0.18	0.09	0.1	0.0	0.2	0.16	0.29	-0.15	0.24	-0.12	-0.1	-0.17

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Target Account Relationship Matchups

Target fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	42.8B	51.2B	53.8B	53.3B	55.4B	32.0B
Short Long Term Debt Total	13.8B	14.9B	16.2B	18.8B	19.6B	10.9B
Other Current Liab	955M	4.3B	4.8B	4.8B	4.9B	5.2B
Total Current Liabilities	14.5B	20.1B	21.7B	19.5B	19.3B	9.9B
Total Stockholder Equity	11.8B	14.4B	12.8B	11.2B	13.4B	10.1B
Property Plant And Equipment Net	28.5B	29.1B	30.7B	34.2B	36.5B	19.1B
Net Debt	11.2B	6.4B	10.3B	16.5B	15.8B	9.4B
Retained Earnings	6.4B	8.8B	6.9B	5.0B	7.1B	7.5B
Cash	2.6B	8.5B	5.9B	2.2B	3.8B	4.0B
Non Current Assets Total	29.9B	30.5B	32.2B	35.5B	37.9B	20.1B
Non Currrent Assets Other	1.4B	1.4B	(1.2B)	(2.0B)	761M	799.1M
Cash And Short Term Investments	2.6B	8.5B	5.9B	2.2B	3.8B	4.0B
Net Receivables	498M	631M	1.4B	1.2B	891M	846.5M
Common Stock Shares Outstanding	515.6M	505.4M	492.7M	464.7M	462.8M	654.2M
Liabilities And Stockholders Equity	42.8B	51.2B	53.8B	53.3B	55.4B	32.0B
Non Current Liabilities Total	16.5B	16.7B	19.2B	22.6B	22.6B	12.1B
Inventory	9.0B	10.7B	13.9B	13.5B	11.9B	6.4B
Other Current Assets	796M	961M	407M	949M	916M	1.1B
Other Stockholder Equity	6.2B	6.3B	6.4B	6.6B	6.8B	3.6B
Total Liab	30.9B	36.8B	41.0B	42.1B	41.9B	21.9B
Total Current Assets	12.9B	20.8B	21.6B	17.8B	17.5B	11.9B
Short Term Debt	161M	1.4B	425M	426M	1.4B	815.3M
Accounts Payable	9.9B	12.9B	15.5B	13.5B	12.1B	6.7B
Property Plant And Equipment Gross	28.5B	29.1B	51.9B	54.1B	60.9B	63.9B
Accumulated Other Comprehensive Income	(868M)	(756M)	(553M)	(419M)	(460M)	(483M)
Current Deferred Revenue	3.5B	5.1B	1.2B	1.2B	1.2B	1.5B
Intangible Assets	686M	37M	25M	645M	8M	7.6M
Short Term Investments	39M	7.6B	17M	1.3B	2.9B	1.7B
Net Tangible Assets	11.8B	13.8B	12.8B	11.2B	10.1B	10.7B
Long Term Debt	10.0B	9.8B	13.5B	16.0B	14.9B	13.5B
Retained Earnings Total Equity	6.4B	8.8B	6.9B	5.0B	4.5B	7.1B
Long Term Debt Total	11.3B	11.5B	13.5B	16.0B	18.4B	13.7B
Capital Surpluse	6.2B	6.3B	6.4B	6.6B	7.6B	5.8B
Deferred Long Term Liab	1.1B	990M	1.6B	2.2B	2.5B	1.3B
Non Current Liabilities Other	4.0B	47M	1.6B	1.8B	181M	172.0M
Accumulated Depreciation	(18.2B)	(18.7B)	(19.7B)	(22.6B)	(20.4B)	(21.4B)
Property Plant Equipment	26.3B	29.1B	30.7B	34.2B	39.3B	30.7B

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