Total Debt for Target (TGT)
According to Target's latest reported financial statements, the company's latest reported total debt is $5.59B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
TGT
Currently viewingTotal DebtSwitch metric
Latest period
$5.59B
YoY change
-71.9%
5Y CAGR
-18.0%
Peak year (2024)
$19.88B
Latest annual
$5.59B
Total Debt history chart for Target (TGT) from 1985 to 2025
Total Debt history table for Target (TGT) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $5.59B | -71.9% | ||
| 2024 | $19.88B | +1.2% | ||
| 2023 | $19.65B | +3.0% | ||
| 2022 | $19.07B | +15.8% | ||
| 2021 | $16.47B | +9.0% | ||
| 2020 | $15.11B | -2.6% | ||
| 2019 | $15.52B | +15.4% | ||
| 2018 | $13.45B | -0.2% | ||
| 2017 | $13.47B | +5.7% | ||
| 2016 | $12.75B | -0.1% | ||
| 2015 | $12.76B | +0.3% | ||
| 2014 | $12.72B | +1.2% | ||
| 2013 | $12.57B | -28.8% | ||
| 2012 | $17.65B | +7.1% | ||
| 2011 | $16.48B | +4.8% | ||
| 2010 | $15.73B | -6.5% | ||
| 2009 | $16.81B | -10.3% | ||
| 2008 | $18.75B | +9.7% | ||
| 2007 | $17.09B | +70.3% | ||
| 2006 | $10.04B | +1.7% | ||
| 2005 | $9.87B | +3.5% | ||
| 2004 | $9.54B | -13.4% | ||
| 2003 | $11.02B | -1.3% | ||
| 2002 | $11.16B | +24.1% | ||
| 2001 | $8.99B | +38.5% | ||
| 2000 | $6.49B | +29.3% | ||
| 1999 | $5.02B | +6.6% | ||
| 1998 | $4.71B | +0.2% | ||
| 1997 | $4.70B | -6.8% | ||
| 1996 | $5.04B | -1.9% | ||
| 1995 | $5.14B | +9.5% | ||
| 1994 | $4.70B | +1.0% | ||
| 1993 | $4.65B | -1.5% | ||
| 1992 | $4.72B | +0.9% | ||
| 1991 | $4.68B | +15.9% | ||
| 1990 | $4.04B | +43.4% | ||
| 1989 | $2.82B | +7.2% | ||
| 1988 | $2.63B | +19.9% | ||
| 1987 | $2.19B | +57.9% | ||
| 1986 | $1.39B | +46.4% | ||
| 1985 | $947.50M | — |
Total Debt values are taken from Target's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Target (TGT) total debt totalled $5.59B – plunged 71.9% year-over-year.
Target total debt compound annual growth for the 2020–2025 (5 years) window is -18.0%, with a net decline across the window.
2024 marks the peak total debt at $19.88B, with the historical low of $947.50M recorded in 1985.
Among 8 Consumer Defensive peers, Target (TGT) ranks 8th; the peer median for total debt is $40.48B.
Target Total Debt by Year
Target Total Debt 2025: $5.59B
Target total debt in 2025 was $5.59B, plunged 71.9% below 2024.
Target Total Debt 2024: $19.88B
Target total debt in 2024 was $19.88B, edged up 1.2% from 2023. This figure represents the highest annual value in the available history.
Target Total Debt 2023: $19.65B
Target total debt in 2023 was $19.65B, edged up 3.0% from 2022.
Target Total Debt 2022: $19.07B
Target total debt in 2022 was $19.07B, grew 15.8% from 2021.
Target Total Debt 2021: $16.47B
Target total debt in 2021 was $16.47B.
See more financial history for Target (TGT).
Sector peers — Total Debt
Companies in the same sector as Target, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $67.09B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $49.90B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $48.84B | Consumer Defensive |
| The Coca-Cola Company (KO) | $45.49B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $35.46B | Consumer Defensive |
| Altria Group, Inc. (MO) | $25.71B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $8.17B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $0 | Consumer Defensive |
Frequently asked questions
What is Target's total debt?
- Latest reported total debt for Target (TGT) is $5.59B (period ending January 31, 2026).
How has Target total debt changed year-over-year?
- Target (TGT) total debt changed -71.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Target total debt?
- Target (TGT) total debt compound annual growth rate is -18.0% over the most recent 5 years available.
When did Target total debt hit its highest annual value?
- Target total debt reached its highest annual value of $19.88B in 2024.
What was Target total debt in 2024?
- Target (TGT) total debt in 2024 was $19.88B.
What was Target total debt in 2025?
- Target (TGT) total debt in 2025 was $5.59B.
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