The TJX Companies Inc (TJX)

Debt-to-assets ratio

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Long-term debt	US$ in thousands	—	2,862,000	—	—	2,859,000
Total assets	US$ in thousands	31,749,000	29,747,000	29,747,000	28,349,000	28,349,000
Debt-to-assets ratio		0.00	0.10	0.00	0.00	0.10

January 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $31,749,000K
= 0.00

The debt-to-assets ratio of The TJX Companies Inc has shown consistency in recent years, with a value of 0.10 in January 28, 2023, and February 3, 2024. This indicates that for every dollar of assets, the company had $0.10 in debt during those periods. However, the ratio decreased to 0.00 in January 31, 2023, January 31, 2024, and January 31, 2025, suggesting that the company either significantly decreased its debt levels or increased its asset base. A lower debt-to-assets ratio generally signifies lower financial risk and a healthier balance sheet.