Paying users zone. Data is hidden behind: .
Get 1-month access to TJX Cos. Inc. for $15.99, or
get full access to the entire website for at least 3 months from $49.99.
We accept:
This is a one-time payment. There is no automatic renewal.
TJX Cos. Inc. pages available today for free:
Analysis of Operating Leases
An operating lease is treated like a rental contract. Neither the leased asset nor the associated liability is reported on the lessee balance sheet, but the rights may be very similar to the rights of an owner. The lessee only records the lease payments as a rental expense in income statement.
Present Value of Future Operating Lease Payments (before Adoption of FASB Topic 842)
TJX Cos. Inc., future operating lease payments (before adoption of FASB Topic 842)
US$ in thousands
Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | Jan 30, 2016 | Jan 31, 2015 | ||
---|---|---|---|---|---|---|---|
Total undiscounted future operating lease payments | |||||||
Discount rate1 | |||||||
Total present value of future operating lease payments |
Based on: 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).
1 Weighted-average interest rate for TJX Cos. Inc.’s debt
Year | Future operating lease payments (as reported) | Year | Future operating lease payments (estimated) | Present value at |
---|---|---|---|---|
2020 | 2020 | |||
2021 | 2021 | |||
2022 | 2022 | |||
2023 | 2023 | |||
2024 | 2024 | |||
2025 and thereafter | 2025 | |||
2026 | ||||
2027 | ||||
Total: |
Based on: 10-K (filing date: 2019-04-03).
Year | Future operating lease payments (as reported) | Year | Future operating lease payments (estimated) | Present value at |
---|---|---|---|---|
2019 | 2019 | |||
2020 | 2020 | |||
2021 | 2021 | |||
2022 | 2022 | |||
2023 | 2023 | |||
2024 and thereafter | 2024 | |||
2025 | ||||
2026 | ||||
Total: |
Based on: 10-K (filing date: 2018-04-04).
Year | Future operating lease payments (as reported) | Year | Future operating lease payments (estimated) | Present value at |
---|---|---|---|---|
2018 | 2018 | |||
2019 | 2019 | |||
2020 | 2020 | |||
2021 | 2021 | |||
2022 | 2022 | |||
2023 and thereafter | 2023 | |||
2024 | ||||
2025 | ||||
Total: |
Based on: 10-K (filing date: 2017-03-28).
Year | Future operating lease payments (as reported) | Year | Future operating lease payments (estimated) | Present value at |
---|---|---|---|---|
2017 | 2017 | |||
2018 | 2018 | |||
2019 | 2019 | |||
2020 | 2020 | |||
2021 | 2021 | |||
2022 and thereafter | 2022 | |||
2023 | ||||
2024 | ||||
Total: |
Based on: 10-K (filing date: 2016-03-29).
Year | Future operating lease payments (as reported) | Year | Future operating lease payments (estimated) | Present value at |
---|---|---|---|---|
2016 | 2016 | |||
2017 | 2017 | |||
2018 | 2018 | |||
2019 | 2019 | |||
2020 | 2020 | |||
2021 and thereafter | 2021 | |||
2022 | ||||
2023 | ||||
2024 | ||||
Total: |
Based on: 10-K (filing date: 2015-03-31).
Adjustments to Financial Statements for Operating Leases
TJX Cos. Inc., adjustments to financial statements
US$ in thousands
Based on: 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).
1, 2 Equal to total present value of future operating lease payments.
TJX Cos. Inc., Financial Data: Reported vs. Adjusted
Adjusted Financial Ratios for Operating Leases (Summary)
TJX Cos. Inc., adjusted financial ratios
Based on: 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).
Financial ratio | Description | The company |
---|---|---|
Adjusted total asset turnover | An activity ratio calculated as total revenue divided by adjusted total assets. | TJX Cos. Inc.’s adjusted total asset turnover ratio improved from 2018 to 2019 and from 2019 to 2020. |
Adjusted debt to equity | A solvency ratio calculated as adjusted total debt divided by total shareholders’ equity. | TJX Cos. Inc.’s adjusted debt to equity ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level. |
Adjusted ROA | A profitability ratio calculated as net income divided by adjusted total assets. | TJX Cos. Inc.’s adjusted ROA improved from 2018 to 2019 and from 2019 to 2020. |
TJX Cos. Inc., Financial Ratios: Reported vs. Adjusted
Adjusted Total Asset Turnover
Based on: 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).
2020 Calculations
1 Total asset turnover = Net sales ÷ Total assets
= ÷ =
2 Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= ÷ =
Activity ratio | Description | The company |
---|---|---|
Adjusted total asset turnover | An activity ratio calculated as total revenue divided by adjusted total assets. | TJX Cos. Inc.’s adjusted total asset turnover ratio improved from 2018 to 2019 and from 2019 to 2020. |
Adjusted Debt to Equity
Based on: 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).
2020 Calculations
1 Debt to equity = Total debt ÷ Shareholders’ equity
= ÷ =
2 Adjusted debt to equity = Adjusted total debt ÷ Shareholders’ equity
= ÷ =
Solvency ratio | Description | The company |
---|---|---|
Adjusted debt-to-equity | A solvency ratio calculated as adjusted total debt divided by total shareholders’ equity. | TJX Cos. Inc.’s adjusted debt-to-equity ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level. |
Adjusted Return on Assets (ROA)
Based on: 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).
2020 Calculations
1 ROA = 100 × Net income ÷ Total assets
= 100 × ÷ =
2 Adjusted ROA = 100 × Net income ÷ Adjusted total assets
= 100 × ÷ =
Profitability ratio | Description | The company |
---|---|---|
Adjusted ROA | A profitability ratio calculated as net income divided by adjusted total assets. | TJX Cos. Inc.’s adjusted ROA improved from 2018 to 2019 and from 2019 to 2020. |