The TJX Companies Inc (TJX)
Cash ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,600,000 | 5,477,000 | 6,227,000 | 10,469,600 | 3,216,750 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 10,451,000 | 10,305,000 | 10,468,000 | 10,803,700 | 7,150,250 |
| Cash ratio | 0.54 | 0.53 | 0.59 | 0.97 | 0.45 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,600,000K
+ $—K)
÷ $10,451,000K
= 0.54
The cash ratio of The TJX Companies Inc has shown some fluctuations over the past five years. The ratio ranged from 0.45 in February 2020 to 0.97 in January 2021, indicating some variability in the company's ability to cover its short-term liabilities solely with cash and cash equivalents. In the most recent period, as of February 3, 2024, the cash ratio stands at 0.54, suggesting that the company may have slightly less cash on hand relative to its current liabilities compared to the previous year. It is essential for stakeholders to monitor changes in the cash ratio over time to assess the company's liquidity position and financial health.
Peer comparison
Feb 3, 2024