The TJX Companies Inc (TJX)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,862,000 | 2,859,000 | 3,355,000 | 5,300,000 | 2,200,000 |
| Total assets | US$ in thousands | 29,747,000 | 28,349,000 | 28,461,000 | 30,814,000 | 24,145,000 |
| Debt-to-assets ratio | 0.10 | 0.10 | 0.12 | 0.17 | 0.09 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,862,000K ÷ $29,747,000K
= 0.10
The debt-to-assets ratio of The TJX Companies Inc has shown a consistent trend of remaining relatively low over the past five years, ranging from 0.09 to 0.17. This indicates that the company has been successful in managing its debt levels in comparison to its total assets. In particular, the ratio decreased from 0.17 in January 2021 to 0.09 in February 2020, showcasing a significant improvement in the company's debt management. Furthermore, the ratio has stayed stable at 0.10 for the most recent two fiscal years, suggesting continued prudence in debt utilization. Overall, the consistent low levels of the debt-to-assets ratio reflect a healthy financial position for The TJX Companies Inc.
Peer comparison
Feb 3, 2024