The TJX Companies Inc (TJX)

Debt-to-equity 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-equity ratio		0.00	0.39	0.00	0.00	0.45

January 31, 2025 calculation

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

The debt-to-equity ratio for The TJX Companies Inc has shown some fluctuations over the years. As of January 28, 2023, the ratio stood at 0.45, indicating that the company had a moderate level of debt compared to its equity. Subsequently, as of January 31, 2023, and January 31, 2024, the ratio dropped to 0.00, suggesting that the company had no debt during those periods and was relying solely on equity to finance its operations.

The ratio increased to 0.39 as of February 3, 2024, signaling a slight rise in the company's debt relative to its equity. However, as of January 31, 2025, the ratio once again stood at 0.00, indicating a return to a debt-free position.

Overall, the trend in The TJX Companies Inc's debt-to-equity ratio indicates a mix of periods with moderate debt levels and debt-free periods, showcasing the company's ability to effectively manage its capital structure.