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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
Aug 1, 2026 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 16.18 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 1.79 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 21.18 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 1.97 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 0.18 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 41.30% 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 23.08 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 0.39 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 30.05 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 0.26 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 4.91 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 58.70% 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% 100.00%

Based on: 10-Q (reporting date: 2026-08-01), 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 transition from a period of high liquidity and concentrated current assets to a more stable, balanced distribution between current and long-term assets. Current assets peaked at 52.76% in October 2020 before gradually declining and stabilizing within a range of 39% to 44% throughout the remainder of the period.

Liquidity and Cash Management
Cash and cash equivalents showed a significant surge in early 2021, reaching a peak of 33.98% of total assets. This was followed by a consistent downward trend as liquidity was redeployed, eventually stabilizing between 13% and 19% from 2022 through 2026.
Inventory Volatility
Merchandise inventories demonstrate pronounced cyclical fluctuations. Levels rose from a low of 14.08% in January 2021 to a peak of 29.30% in October 2022. A recurring pattern of year-end increases is observable, with notable peaks in October 2023 (27.30%) and November 2025 (26.58%), suggesting seasonal inventory build-ups.
Fixed and Long-Term Asset Trends
Long-term assets transitioned from a low of 47.24% in October 2020 to a higher sustained baseline, frequently exceeding 58% in the later years. This growth is partially driven by net property at cost, which climbed from approximately 15.86% to a range of 22% to 23% by 2026.
Lease and Other Asset Allocations
Operating lease right-of-use assets remain a dominant component of the balance sheet, consistently representing between 28% and 33% of total assets. Other assets showed a gradual increase over the long term, rising from roughly 2.8% in 2020 to nearly 5% by 2026, indicating a slight growth in miscellaneous non-current holdings.

Overall, the data reflects a shift away from the defensive, cash-heavy posture seen in 2020 and 2021 toward an asset structure focused on property investment and normalized operational working capital.

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