The TJX Companies Inc (TJX)

Debt-to-capital 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 stockholders’ equity US$ in thousands 8,393,000 7,302,000 7,302,000 6,364,000 6,364,000
Debt-to-capital ratio 0.00 0.28 0.00 0.00 0.31

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,393,000K)
= 0.00

The debt-to-capital ratio of The TJX Companies Inc has fluctuated over the period under consideration. It was 0.31 as of January 28, 2023, indicating that around 31% of the company's capital was financed through debt. Subsequently, the ratio decreased to 0.00 as of January 31, 2023, and remained at 0.00 as of January 31, 2024, suggesting that the company was not relying on debt to finance its operations during these periods.

However, the ratio increased to 0.28 as of February 3, 2024, indicating that around 28% of the company's capital was funded by debt at that time. It then dropped back to 0.00 as of January 31, 2025, signaling a return to a debt-free capital structure.

Overall, the trend in The TJX Companies Inc's debt-to-capital ratio reveals a mix of periods with and without debt financing, highlighting the company's ability to manage its capital structure prudently based on its financial needs and market conditions.


See also:

The TJX Companies Inc Debt to Capital