The TJX Companies Inc (TJX)
Solvency ratios
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.12 | 0.12 | 0.11 | 0.12 | 0.18 | 0.17 | 0.17 | 0.20 | 0.28 | 0.09 | 0.09 | 0.10 | 0.10 |
| Debt-to-capital ratio | 0.28 | 0.30 | 0.30 | 0.31 | 0.31 | 0.34 | 0.35 | 0.37 | 0.36 | 0.34 | 0.34 | 0.46 | 0.48 | 0.49 | 0.54 | 0.60 | 0.27 | 0.29 | 0.30 | 0.30 |
| Debt-to-equity ratio | 0.39 | 0.42 | 0.43 | 0.45 | 0.45 | 0.50 | 0.53 | 0.60 | 0.56 | 0.52 | 0.52 | 0.87 | 0.91 | 0.98 | 1.17 | 1.52 | 0.37 | 0.40 | 0.42 | 0.44 |
| Financial leverage ratio | 4.07 | 4.44 | 4.38 | 4.47 | 4.45 | 5.02 | 5.02 | 4.95 | 4.74 | 4.67 | 4.49 | 4.94 | 5.28 | 5.67 | 5.70 | 5.36 | 4.06 | 4.38 | 4.31 | 4.38 |
The solvency ratios of The TJX Companies Inc indicate the company's ability to meet its debt obligations and the level of financial risk associated with its capital structure.
The debt-to-assets ratio has remained relatively stable around 0.10 over the past several quarters, indicating that the company finances its assets primarily through equity rather than debt.
The debt-to-capital ratio has shown some fluctuations, trending upward slightly from 0.28 to 0.30 to 0.31. This ratio represents the portion of the company's capital structure that is funded by debt, showing a moderate increase in reliance on debt funding compared to capital.
The debt-to-equity ratio has also exhibited fluctuations, but generally shows an increasing trend from 0.39 to 0.44. This ratio indicates how much of the company's financing comes from debt compared to equity, with higher ratios suggesting higher financial leverage or risk.
The financial leverage ratio has varied significantly, ranging from 4.06 to 5.70. A higher financial leverage ratio indicates higher levels of debt relative to equity in the company's capital structure.
Overall, the trends in these solvency ratios suggest that The TJX Companies Inc has maintained a relatively conservative approach to debt financing, with some fluctuations in recent periods indicating potential shifts in its capital structure and risk profile.
Coverage ratios
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | -385.01 | -86.90 | -88.56 | -89.95 | -72.85 | -54.64 | -1.94 | -1.70 | 11.50 | 19.21 | 27.85 | 83.61 | 226.08 | 1,184.04 | 1,147.97 | 943.83 | 742.37 |
The interest coverage ratio for The TJX Companies Inc has varied significantly over the past few years. The ratio was negative in some periods, indicating that the company's earnings were insufficient to cover its interest expenses. This may raise concerns about the company's ability to meet its debt obligations.
In recent periods, the interest coverage ratio has improved significantly, reaching very high levels, such as 1,184.04 and 1,147.97. This indicates that the company's earnings are comfortably covering its interest expenses, reflecting a stronger financial position and lower risk of default.
Overall, The TJX Companies Inc has experienced fluctuations in its interest coverage ratio, showing both periods of vulnerability and improvement. It's important for investors and analysts to monitor this ratio closely to assess the company's financial health and its ability to service its debt obligations.