The TJX Companies Inc (TJX)
Cash ratio
| Jan 31, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,335,000 | 4,718,000 | 5,250,000 | 5,059,000 | 5,600,000 | 4,290,000 | 4,290,000 | 4,550,000 | 4,550,000 | 5,025,000 | 5,025,000 | 5,477,000 | 5,477,000 | 3,364,680 | 3,365,000 | 3,531,210 | 3,531,000 | 4,295,070 | 6,227,000 | 6,227,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 212 | — | — | — |
| Total current liabilities | US$ in thousands | 11,008,000 | 12,017,000 | 10,621,000 | 10,100,000 | 10,451,000 | 11,640,000 | 11,640,000 | 10,317,000 | 10,317,000 | 10,534,000 | 10,534,000 | 10,305,000 | 10,305,000 | 11,233,600 | 11,234,000 | 10,147,100 | 10,147,000 | 10,018,500 | 10,468,000 | 10,468,000 |
| Cash ratio | 0.48 | 0.39 | 0.49 | 0.50 | 0.54 | 0.37 | 0.37 | 0.44 | 0.44 | 0.48 | 0.48 | 0.53 | 0.53 | 0.30 | 0.30 | 0.35 | 0.35 | 0.43 | 0.59 | 0.59 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,335,000K
+ $—K)
÷ $11,008,000K
= 0.48
The cash ratio for The TJX Companies Inc has shown fluctuations over the given time period. It measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. The trend indicates that the company had a cash ratio of 0.59 as of January 2022 and remained relatively stable at this level until April 2022. However, there was a decline in the cash ratio to 0.35 by July 2022, indicating a potential reduction in the company's liquidity position.
Subsequently, the cash ratio improved to 0.53 by January 2023, suggesting a better ability to cover short-term liabilities with cash. The ratio ranged between 0.44 to 0.37 for the rest of 2023, indicating some fluctuations in the liquidity position of the company.
In February 2024, the cash ratio increased to 0.54, but then declined to 0.39 by November 2024. The cash ratio recovered slightly to 0.48 by January 2025. Overall, the fluctuating trend in the cash ratio suggests that The TJX Companies Inc has experienced variations in its ability to cover short-term obligations with its available cash and cash equivalents during the period analyzed. Stakeholders may want to further investigate the reasons behind these fluctuations to understand the company's liquidity management.
Peer comparison
Jan 31, 2025