The TJX Companies Inc (TJX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 31,749,000 | 8,173,000 | 7,782,000 | 7,502,000 | 7,302,000 | 6,833,000 | 6,833,000 | 6,608,000 | 6,608,000 | 6,422,000 | 6,422,000 | 6,364,000 | 6,364,000 | 5,664,680 | 5,665,000 | 5,396,650 | 5,397,000 | 5,595,440 | 6,003,000 | 6,003,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.00 | 0.30 | 0.00 | 0.31 | 0.00 | 0.31 | 0.00 | 0.34 | 0.00 | 0.35 | 0.00 | 0.00 | 0.36 |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $31,749,000K)
= 0.00
The debt-to-capital ratio for The TJX Companies Inc shows a consistent trend of maintaining a relatively low level of debt in relation to its total capital over the given time period. The ratio fluctuated between 0.00 and 0.36, indicating that the company primarily relies on equity financing rather than debt to fund its operations and investments. This implies a lower financial risk for the company, as lower debt levels generally indicate greater financial stability and less reliance on external sources of funding. Overall, the trend of maintaining a low debt-to-capital ratio suggests a conservative approach to financial management by The TJX Companies Inc.
Peer comparison
Jan 31, 2025