The TJX Companies Inc (TJX)

Current ratio

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Total current assets	US$ in thousands	12,664,000	13,806,000	12,338,000	12,595,000	12,456,000	12,989,000	11,835,000	12,480,000	13,259,000	14,576,100	13,389,000	15,016,000	15,739,300	16,653,900	11,517,900	10,296,200	8,890,620	9,374,620	8,268,600	8,067,210
Total current liabilities	US$ in thousands	10,451,000	11,640,000	10,317,000	10,534,000	10,305,000	11,234,000	10,147,000	10,019,000	10,468,000	11,328,700	10,042,100	9,906,960	10,803,700	11,817,200	7,647,250	4,669,550	7,150,250	7,687,140	6,600,740	6,581,020
Current ratio		1.21	1.19	1.20	1.20	1.21	1.16	1.17	1.25	1.27	1.29	1.33	1.52	1.46	1.41	1.51	2.20	1.24	1.22	1.25	1.23

February 3, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $12,664,000K ÷ $10,451,000K
= 1.21

The current ratio of The TJX Companies Inc has fluctuated over the past several quarters, ranging from a low of 1.16 to a high of 2.20. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.

In recent quarters, the current ratio has generally remained above 1, suggesting that The TJX Companies Inc has had sufficient current assets to cover its short-term liabilities. However, it is important to note that the current ratio has shown some variability, which may be influenced by factors such as changes in the company's operating cycle or seasonal fluctuations in its business.

The current ratio peaked at 2.20 in the first quarter of 2020, indicating a particularly strong liquidity position at that time. Since then, the ratio has declined but has generally remained at levels above 1, indicating the company's continued ability to meet its short-term obligations.

Overall, the trend in The TJX Companies Inc's current ratio suggests that the company has maintained a relatively healthy liquidity position, with current assets sufficient to cover current liabilities, though with some fluctuations in recent quarters.