The TJX Companies Inc (TJX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.42 | 0.00 | 0.43 | 0.00 | 0.45 | 0.00 | 0.45 | 0.00 | 0.50 | 0.00 | 0.53 | 0.00 | 0.00 | 0.56 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $31,749,000K
= 0.00
The debt-to-equity ratio of The TJX Companies Inc has shown fluctuations over the given time periods. The trend indicates that for most of the time, the company has maintained a low or 0 debt-to-equity ratio, suggesting a conservative approach towards debt financing.
In January 2022 and July 2022, the ratio was at 0.56 and 0.53 respectively, indicating a moderate level of debt in relation to equity. However, in subsequent periods, the company seems to have reduced its debt, as the ratio dropped to 0.00 in the following months.
From January 2023 to October 2023, the ratio stayed relatively stable around 0.45, showing a balanced mix of debt and equity. Further reductions in debt were observed in July 2023 and October 2023, with the ratio declining to 0.43 and 0.42 respectively.
In the most recent periods from February 2024 to January 2025, the company maintained a debt-to-equity ratio of 0.00, indicating either minimal debt levels or a significant increase in equity compared to debt.
Overall, The TJX Companies Inc's debt-to-equity ratio suggests a prudent financial strategy with a focus on maintaining a healthy balance between debt and equity, which can provide stability and resilience during various economic conditions.
Peer comparison
Jan 31, 2025