Question

What is the current cash debt coverage ratio for Target Corporation for 2016,2015, and 2014?

What is the current cash debt coverage ratio for Target Corporation for 2016,2015, and 2014?

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Answer #1

Current cash debt coverage ratio is calculated by using the following formula:

Net cash flow from operating activities / average current liabilities

Amounts are in Million $

2014

2015

2016

2017

2018

(A): Cash flow from operating activities

4439

5844

5436

6923

(B): Average current liabilities

12256.5

12179

12665

12954.5

(Opening current liabilities + Closing current liabilities) /2

Current cash debt coverage ratio (A/B)

0.362175

0.479842

0.429214

Workings:

Amounts are in Million $

2013

2014

2015

2016

2017

Total current liabilities

12777

11736

12622

12708

13201
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