The TJX Companies Inc (TJX)

Debt-to-assets 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
Long-term debt	US$ in thousands	2,862,000	2,900,000	2,861,000	2,860,000	2,859,000	2,858,000	2,857,000	3,356,000	3,355,000	3,353,870	3,352,890	5,334,860	5,300,000	5,447,210	5,445,320	7,192,410	2,200,000	2,235,870	2,235,120	2,234,370
Total assets	US$ in thousands	29,747,000	30,351,000	28,922,000	28,681,000	28,349,000	28,428,000	27,091,000	27,710,000	28,461,000	30,071,000	28,783,400	30,301,400	30,814,000	31,565,500	26,568,400	25,415,200	24,145,000	24,288,700	22,855,000	22,489,100
Debt-to-assets ratio		0.10	0.10	0.10	0.10	0.10	0.10	0.11	0.12	0.12	0.11	0.12	0.18	0.17	0.17	0.20	0.28	0.09	0.09	0.10	0.10

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 remained relatively stable over the past several quarters, hovering around 0.10 to 0.12. This indicates that the company has been successful in maintaining a conservative level of debt relative to its total assets.

However, there was a notable increase in the ratio to 0.18 in the January 30, 2021 period, which then further increased to 0.28 in the May 2, 2020 period. These spikes suggest that there may have been significant changes in the company's debt levels during these particular time frames.

Overall, the consistent low debt-to-assets ratios suggest that The TJX Companies Inc has been managing its debt effectively, which is generally viewed positively by investors and creditors as it indicates a lower financial risk and greater financial stability. The company's ability to maintain a healthy balance between debt and assets can contribute to its long-term financial health and sustainability.