The TJX Companies Inc (TJX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 31,749,000 | 32,436,000 | 30,555,000 | 29,679,000 | 29,747,000 | 30,351,000 | 30,351,000 | 28,922,000 | 28,922,000 | 28,681,000 | 28,681,000 | 28,349,000 | 28,349,000 | 28,428,400 | 28,428,000 | 27,090,600 | 27,091,000 | 27,709,900 | 28,461,000 | 28,461,000 |
| 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 |
| Financial leverage ratio | 1.00 | 3.97 | 3.93 | 3.96 | 4.07 | 4.44 | 4.44 | 4.38 | 4.38 | 4.47 | 4.47 | 4.45 | 4.45 | 5.02 | 5.02 | 5.02 | 5.02 | 4.95 | 4.74 | 4.74 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $31,749,000K ÷ $31,749,000K
= 1.00
The financial leverage ratio of The TJX Companies Inc has shown fluctuation over the periods indicated in the data. The ratio started at 4.74 in January 2022 and remained relatively stable until April 2022 when it increased to 4.95. Subsequently, there was a gradual rise in the ratio reaching 5.02 by July 2022, which was maintained until October 2022.
However, there was a notable decrease in the financial leverage ratio in January 2023 to 4.45. The ratio remained relatively consistent until April 2023 before experiencing a slight decline to 4.38 in July 2023. By October 2023, there was a slight uptick to 4.44.
The most significant change occurred in February 2024 when the financial leverage ratio dropped to 4.07. This decline continued in subsequent periods, reaching 3.96 in May 2024, 3.93 in August 2024, and slightly increasing to 3.97 in November 2024.
The ratio then dropped dramatically to 1.00 in January 2025. This substantial decrease may indicate a significant reduction in the company's reliance on debt to finance its operations or potential debt repayment activities. Overall, the downward trend in the financial leverage ratio from 2024 to 2025 suggests a potential improvement in the company's financial structure and reduced financial risk.
Peer comparison
Jan 31, 2025