The TJX Companies Inc (TJX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 5,600,000 | 4,290,000 | 4,550,000 | 5,025,000 | 5,477,000 | 3,365,000 | 3,531,000 | 4,295,000 | 6,227,000 | 6,791,600 | 7,106,020 | 8,775,480 | 10,469,600 | 10,582,000 | 6,620,410 | 4,287,840 | 3,216,750 | 2,060,180 | 2,186,380 | 2,235,060 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | 212 | 68 | — | — | — | — | — | 18,007 | — | — | — | — | — | 0 |
| Receivables | US$ in thousands | 588,000 | 696,000 | 696,000 | 633,000 | 682,000 | 713,046 | 667,813 | 630,015 | 632,160 | 701,809 | 737,337 | 685,388 | 497,401 | 649,380 | 749,853 | 654,106 | 433,230 | 625,285 | 556,182 | 431,784 |
| 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 |
| Quick ratio | 0.59 | 0.43 | 0.51 | 0.54 | 0.60 | 0.36 | 0.41 | 0.49 | 0.66 | 0.66 | 0.78 | 0.95 | 1.02 | 0.95 | 0.96 | 1.06 | 0.51 | 0.35 | 0.42 | 0.41 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,600,000K
+ $—K
+ $588,000K)
÷ $10,451,000K
= 0.59
The quick ratio of The TJX Companies Inc has shown fluctuations over the past several periods. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.
Based on the data provided, the quick ratio ranged from a low of 0.35 to a high of 1.06. A quick ratio below 1 typically indicates that the company may have difficulty meeting its short-term liabilities.
The quick ratio was below 1 in most periods, with the lowest point seen in August 2019 at 0.35. This suggests a potential liquidity risk during that period.
In contrast, the quick ratio improved in certain periods, notably reaching a high of 1.06 in May 2020. A quick ratio above 1 indicates that the company has more than enough liquid assets to cover its short-term liabilities.
Overall, the analysis of The TJX Companies Inc quick ratio reveals variability in its liquidity position over time, with the company showing periods of both strength and potential vulnerability.
Peer comparison
Feb 3, 2024