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
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 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 1.68 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 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 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 0.02 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 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 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 0.41 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 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 0.29 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 4.95 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 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%

Based on: 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 composition of assets at the company exhibits several notable trends over the observed period. Current assets generally represent a significant portion of the total asset base, fluctuating between approximately 40% and 53% throughout the timeframe. Long-term assets consistently comprise the remaining portion, ranging from roughly 47% to 59%. Within these broad categories, specific asset components demonstrate distinct patterns.

Cash and Cash Equivalents
Cash and cash equivalents experienced a substantial increase from May 2020 to October 2020, rising from 16.87% to 33.52% of total assets. This proportion then decreased gradually through November 2025, settling at 17.42%. A slight increase is observed in the final period, reaching 18.83% in February 2024 and 17.05% in May 2024, before decreasing again to 14.55% in November 2024 and finally increasing to 16.80% in February 2025 and 17.42% in January 2026.
Accounts Receivable, Net
Accounts receivable, net, showed an initial increase from May 2020 to August 2020, peaking at 1.67%. It remained relatively stable between 1.82% and 2.14% for several periods before decreasing to 1.73% in February 2025 and 1.68% in January 2026. Overall, the percentage remains consistently low relative to total assets.
Merchandise Inventories
Merchandise inventories exhibited considerable fluctuation. A decrease from 19.46% in May 2020 to 14.09% in August 2020 was followed by an increase to 29.30% in October 2022. This was then followed by a decrease to 20.40% in January 2023, and a subsequent increase to 26.58% in November 2025. This suggests potential seasonality or changes in inventory management strategies.
Prepaid Expenses and Other Current Assets
This component of current assets generally remained stable, fluctuating between 1.35% and 2.05% of total assets. A noticeable increase to 2.98% is observed in January 2026, potentially indicating a change in the timing of expense payments or other current asset investments.
Federal, State and Foreign Income Taxes Recoverable
The percentage of total assets represented by income taxes recoverable decreased significantly from 1.90% in May 2020 to 0.12% in January 2021. It fluctuated between 0.14% and 0.51% in subsequent periods, with a slight increase to 0.22% in February 2025 and 0.32% in May 2025, before decreasing to 0.02% in January 2026.
Net Property at Cost
Net property at cost remained relatively stable, fluctuating between 15.86% and 22.80% of total assets. A gradual increase is observed from October 2023 to August 2024, followed by a slight decrease in November 2024 and January 2026.
Non-current Deferred Income Taxes, Net
Non-current deferred income taxes, net, remained relatively consistent, ranging from 0.14% to 0.65% of total assets. A slight upward trend is observed initially, followed by a period of stability and a minor decrease towards the end of the observed period.
Operating Lease Right of Use Assets
Operating lease right of use assets constituted a substantial portion of total assets, ranging from 28.53% to 35.70%. A general decreasing trend is observed from May 2020 to November 2025, with a slight increase in the final period.
Goodwill
Goodwill remained consistently low, fluctuating between 0.27% and 0.37% of total assets. No significant trends are apparent.
Other Assets
Other assets exhibited a notable increase from 2.80% in May 2020 to 4.95% in January 2026. This suggests a potential accumulation of miscellaneous assets or a change in their classification.

In summary, the asset composition demonstrates a dynamic interplay between current and long-term assets. Fluctuations in merchandise inventories and cash levels appear to be the most significant drivers of change within the current asset category, while operating lease right of use assets and net property at cost are the primary components of long-term assets. The increase in 'Other Assets' in the later periods warrants further investigation.

AI Ask an analyst for more