The TJX Companies Inc (TJX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.10 | 0.00 | 0.10 | 0.00 | 0.10 | 0.00 | 0.10 | 0.00 | 0.11 | 0.00 | 0.00 | 0.12 |
| 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 |
| 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 |
| 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 |
The solvency ratios of The TJX Companies Inc indicate a strong financial position in terms of its ability to meet its long-term obligations. The Debt-to-assets ratio has been consistently low, ranging from 0.00 to 0.12 over the reported periods, which suggests that the company has minimal debt relative to its total assets.
Similarly, the Debt-to-capital ratio has remained low, fluctuating between 0.00 and 0.36, indicating that the company relies less on debt financing in comparison to its equity and retained earnings.
The Debt-to-equity ratio has also shown a decreasing trend, declining from 0.56 to 0.00, signifying lower dependence on debt and a stronger equity position.
Additionally, the Financial leverage ratio has decreased steadily from 4.74 to 1.00, implying a reduction in the company's overall financial risk and leverage.
Overall, these solvency ratios suggest that The TJX Companies Inc has a strong financial position with low debt levels and healthy capital structure, which indicates the company's ability to meet its long-term financial obligations effectively.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 62.40 | 55.73 | 54.93 | 72.55 | 71.55 | — | — | — | — | -53.74 | -50.28 | -11.30 | -16.36 | 8.73 | 1.06 | 34.87 | -27.22 | 6.39 | -14.97 | -13.06 |
The interest coverage ratio indicates a company's ability to meet its interest obligations on outstanding debt. A higher ratio is generally favorable, as it suggests the company is generating sufficient earnings to cover its interest expenses.
Analyzing The TJX Companies Inc's interest coverage over the past few periods, we observe significant fluctuations. The company experienced negative interest coverage ratios in several periods, implying that its operating income was insufficient to cover interest expenses during those times. This may raise concerns about the company's financial stability and its ability to meet debt obligations.
However, the interest coverage ratio improved notably in subsequent periods, reaching positive values. This improvement indicates that the company's operating income has strengthened, allowing it to comfortably cover its interest expenses. The significant increase in the interest coverage ratio in some recent periods suggests a positive trend in the company's financial performance and debt management.
Overall, while The TJX Companies Inc has exhibited fluctuations in its interest coverage ratio, the recent positive values indicate an improvement in its ability to meet interest obligations. Monitoring this ratio over time will be crucial to assess the company's financial health and debt repayment capacity.