Stock Analysis on Net
Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Common-Size Balance Sheet: Assets
Quarterly Data

TJX Cos. Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
May 2, 2026 Jan 31, 2026 Nov 1, 2025 Aug 2, 2025 May 3, 2025 Feb 1, 2025 Nov 2, 2024 Aug 3, 2024 May 4, 2024 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
Cash and cash equivalents 15.43 17.42 13.19 14.11 13.36 16.80 14.55 17.18 17.05 18.83 14.13 15.73 17.52 19.32 11.84 13.03 15.50 21.88 22.59 24.69 28.96 33.98 33.52 24.92 16.87
Accounts receivable, net 1.78 1.68 1.85 1.82 1.86 1.73 1.85 1.71 1.83 1.78 1.85 1.89 2.05 1.99 2.01 2.05 2.08 1.82 2.05 2.14 2.05 1.50 1.47 1.67 0.68
Merchandise inventories 21.23 20.40 26.58 22.42 22.37 20.22 25.81 21.17 20.95 20.05 27.30 22.77 22.46 20.53 29.30 26.15 25.22 20.95 22.06 17.67 16.88 14.08 15.83 14.09 19.46
Prepaid expenses and other current assets 1.88 2.98 1.70 1.71 1.80 1.94 1.68 1.75 1.78 1.72 1.76 1.75 1.73 1.69 2.05 2.04 2.04 1.54 1.49 1.59 1.45 1.41 1.35 1.52 1.61
Federal, state and foreign income taxes recoverable 0.18 0.02 0.21 0.32 0.14 0.22 0.36 0.37 0.21 0.20 0.45 0.51 0.16 0.42 0.50 0.41 0.19 0.40 0.29 0.42 0.21 0.12 0.59 1.15 1.90
Current assets 40.49% 42.50% 43.52% 40.38% 39.53% 40.92% 44.25% 42.19% 41.81% 42.57% 45.49% 42.66% 43.91% 43.94% 45.69% 43.69% 45.04% 46.58% 48.47% 46.52% 49.56% 51.08% 52.76% 43.35% 40.51%
Net property at cost 23.36 22.98 22.52 23.64 23.71 23.14 22.00 22.80 22.31 22.09 20.63 21.32 20.57 20.40 19.60 19.90 19.09 18.52 17.18 17.74 16.72 16.34 15.86 19.20 20.47
Non-current deferred income taxes, net 0.40 0.41 0.41 0.43 0.44 0.47 0.44 0.48 0.53 0.58 0.50 0.52 0.52 0.56 0.61 0.63 0.64 0.65 0.64 0.44 0.45 0.41 0.18 0.18 0.14
Operating lease right of use assets 30.49 28.88 28.53 30.34 31.15 30.37 29.50 31.13 32.01 31.59 30.61 32.52 32.00 32.05 31.61 33.17 32.72 31.11 30.41 31.90 30.10 29.18 28.60 34.12 35.70
Goodwill 0.27 0.27 0.27 0.29 0.30 0.30 0.29 0.31 0.32 0.32 0.31 0.33 0.33 0.34 0.33 0.36 0.35 0.34 0.33 0.34 0.33 0.32 0.31 0.37 0.37
Other assets 4.99 4.95 4.74 4.92 4.86 4.82 3.52 3.08 3.03 2.85 2.46 2.66 2.67 2.71 2.16 2.26 2.16 2.80 2.97 3.05 2.84 2.67 2.30 2.79 2.80
Long-term assets 59.51% 57.50% 56.48% 59.62% 60.47% 59.08% 55.75% 57.81% 58.19% 57.43% 54.51% 57.34% 56.09% 56.06% 54.31% 56.31% 54.96% 53.42% 51.53% 53.48% 50.44% 48.92% 47.24% 56.65% 59.49%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02).

The asset composition exhibits a significant shift in liquidity and operational investment over the analyzed period. A notable transition is observed from a period of high liquidity during 2020 and 2021 toward a more balanced distribution between current and long-term assets by 2026. The overall structure remains dominated by operating lease right-of-use assets and merchandise inventories, reflecting the capital-intensive nature of the retail business model.

Liquidity and Cash Management
Cash and cash equivalents experienced a substantial surge, rising from 16.87% in May 2020 to a peak of 33.98% in January 2021. This indicates a period of aggressive liquidity accumulation. Subsequently, a downward trend occurred, with cash levels normalizing to a range between 13% and 19% from 2022 through 2026. Current assets, which peaked at 52.76% in October 2020, have since stabilized, generally fluctuating between 40% and 45% of total assets.
Inventory Trends
Merchandise inventories show a general upward trajectory and significant seasonal volatility. After dipping to 14.08% in January 2021, inventories reached a high of 29.30% in October 2022. A consistent pattern of expansion is observed in the fourth quarter of each year, typically peaking between 25% and 27% of total assets, which aligns with seasonal inventory build-up for peak retail periods.
Fixed and Long-Term Asset Allocation
Net property at cost demonstrates a steady growth trend, increasing from a low of 15.86% in October 2020 to 23.36% by May 2026, suggesting a sustained increase in investment in physical infrastructure. Conversely, operating lease right-of-use assets, while remaining a primary asset component, declined from an initial 35.70% to fluctuate between 28% and 32% in later years. Total long-term assets recovered from a period low of 47.24% in 2020 to finish at 59.51% in May 2026.
Other Asset Components
Accounts receivable remains a negligible portion of the balance sheet, consistently hovering between 0.68% and 2.14%, which is characteristic of a cash-and-carry retail operation. Goodwill and non-current deferred income taxes also remain marginal, contributing less than 1% each to the total asset base throughout the entire period.

AI Ask an analyst for more