The TJX Companies Inc (TJX)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	7,302,000	6,364,000	6,003,000	5,833,000	5,948,000
Debt-to-equity ratio		0.39	0.45	0.56	0.91	0.37

February 3, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,862,000K ÷ $7,302,000K
= 0.39

The debt-to-equity ratio of The TJX Companies Inc has shown fluctuations over the past five years. In fiscal year 2024, the ratio decreased to 0.39 from 0.45 in the previous year, indicating a lower level of debt relative to equity. This suggests that the company may have reduced its debt or increased its equity during the year.

Comparing to two years ago, in fiscal year 2022, the debt-to-equity ratio was 0.56, which was higher than the most recent year. This indicates that the company had a higher proportion of debt relative to equity in the past. However, in fiscal year 2021, the ratio was even higher at 0.91, showing a significant increase in the company's debt relative to equity during that year.

In contrast, in fiscal year 2020, the debt-to-equity ratio was 0.37, lower than in subsequent years, suggesting a lower level of debt relative to equity at that time.

Overall, the trend in The TJX Companies Inc's debt-to-equity ratio indicates that the company has managed its debt and equity structure with some variability in recent years, with the most recent year showing a lower debt-to-equity ratio, indicating a relatively stronger financial position in terms of leverage.