What is Target's fixed charge coverage for the year 2018 and 2019? (just in general)
Answer:
Fixed charge coverage: It is a ratio or proportion that shows a company's capacity to fulfill fixed financing costs, for example, leases. This implies the fixed charges that a company is committed to encounter are met by the company.
The amount denotes in millions.
Target’s fixed charge coverage ratio has been progressing well from 5.10 in 2018 to 6.16 in 2019 and 6.48 in 2020.
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