The TJX Companies Inc (TJX)

Quick 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	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	—	—	—
Receivables	US$ in thousands	—	—	—	—	—	—	696,000	—	696,000	—	633,000	—	682,000	—	713,046	—	667,813	—	—	632,160
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
Quick ratio		0.48	0.39	0.49	0.50	0.54	0.37	0.43	0.44	0.51	0.48	0.54	0.53	0.60	0.30	0.36	0.35	0.41	0.43	0.59	0.66

January 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,335,000K + $—K + $—K) ÷ $11,008,000K
= 0.48

The quick ratio of The TJX Companies Inc fluctuated over the past few years, starting at 0.66 on January 29, 2022, and trending downwards to 0.30 on October 31, 2022. This indicates a decreasing ability to meet short-term obligations with highly liquid assets. However, there was a temporary improvement in the quick ratio to 0.60 on January 28, 2023, before declining again. The ratio tended to hover around the 0.50 mark until November 2, 2024, where it dropped to 0.39, showing some weakness in the company's short-term liquidity position. The most recent quick ratio of 0.48 on January 31, 2025, suggests that the company may still be facing challenges in maintaining sufficient liquid assets to cover immediate liabilities.