The TJX Companies Inc (TJX)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | 2,900,000 | — | 2,861,000 | — | 2,860,000 | — | 2,859,000 | — | 2,858,000 | — | 2,857,000 | — | — | 3,355,000 |
| Total assets | US$ in thousands | 31,749,000 | 32,436,000 | 30,555,000 | 29,679,000 | 29,747,000 | 30,351,000 | 30,351,000 | 28,922,000 | 28,922,000 | 28,681,000 | 28,681,000 | 28,349,000 | 28,349,000 | 28,428,400 | 28,428,000 | 27,090,600 | 27,091,000 | 27,709,900 | 28,461,000 | 28,461,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.10 | 0.00 | 0.10 | 0.00 | 0.10 | 0.00 | 0.10 | 0.00 | 0.11 | 0.00 | 0.00 | 0.12 |
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 a consistent trend of maintaining low levels of debt relative to its total assets over the past few years. The ratio ranges from 0.00 to 0.12, indicating that the company's debt levels are relatively low compared to its assets.
In January 2022 and July 2022, the ratio was at 0.12 and 0.11 respectively, which suggests that the company had a slightly higher proportion of debt compared to its assets during those periods. However, in the subsequent periods, the ratio decreased to 0.00, indicating that the company managed to reduce its debt levels significantly or increase its asset base.
From January 2023 to October 2023, the ratio remained stable at 0.10, indicating a consistent management of debt and assets during this period. Subsequently, from February 2024 onwards, the ratio remained at 0.00, suggesting that the company has either reduced its debt further or increased its assets without taking on additional debt.
Overall, The TJX Companies Inc's debt-to-assets ratio reflects a prudent financial strategy of maintaining low debt levels in relation to its asset base, which may indicate a lower financial risk and better financial health for the company.
Peer comparison
Jan 31, 2025