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But only two years later that chapter was already closed, again resulting in a $1.6 billion annual loss Target had to report in January 2015.Aside from the almost stagnant revenue and net income, Target has about $12.8 billion in short and long term debt (mostly long term) on its balance sheet and a D/E ratio of about 1.1. About $5 billion are due in the next four years (till 2021). With an operating income of $4.8 billion in the last four quarters, Target shouldn't have any problems paying interest as well as paying back the iPhone Cases debt.
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iPhone Cases