Stock Analysis on Net
Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Common-Size Balance Sheet: Assets 

TJX Cos. Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Jan 31, 2026 Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021
Cash and cash equivalents 17.42 16.80 18.83 19.32 21.88 33.98
Accounts receivable, net 1.68 1.73 1.78 1.99 1.82 1.50
Merchandise inventories 20.40 20.22 20.05 20.53 20.95 14.08
Prepaid expenses and other current assets 2.98 1.94 1.72 1.69 1.54 1.41
Federal, state and foreign income taxes recoverable 0.02 0.22 0.20 0.42 0.40 0.12
Current assets 42.50% 40.92% 42.57% 43.94% 46.58% 51.08%
Net property at cost 22.98 23.14 22.09 20.40 18.52 16.34
Non-current deferred income taxes, net 0.41 0.47 0.58 0.56 0.65 0.41
Operating lease right of use assets 28.88 30.37 31.59 32.05 31.11 29.18
Goodwill 0.27 0.30 0.32 0.34 0.34 0.32
Other assets 4.95 4.82 2.85 2.71 2.80 2.67
Long-term assets 57.50% 59.08% 57.43% 56.06% 53.42% 48.92%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30).

The asset composition of the entity demonstrates notable shifts over the analyzed period. Current assets, as a percentage of total assets, generally decreased from 51.08% in January 2021 to 40.92% in February 2025, before experiencing a slight increase to 42.50% in January 2026. This suggests a relative decrease in the proportion of short-term assets compared to long-term assets. Conversely, long-term assets increased from 48.92% to 59.08% between January 2021 and February 2025, then decreased slightly to 57.50% in January 2026.

Cash and Cash Equivalents
A consistent downward trend is observed in cash and cash equivalents as a percentage of total assets, decreasing from 33.98% in January 2021 to 17.42% in January 2026. This indicates a decreasing reliance on highly liquid assets, potentially suggesting investment in other areas of the business or a more efficient cash management strategy.
Merchandise Inventories
Merchandise inventories remained relatively stable, fluctuating between 20.05% and 20.95% of total assets from January 2023 through January 2026. This suggests consistent inventory management practices over this period, with no significant build-up or reduction in stock levels relative to the overall asset base. There was a significant increase from 14.08% in January 2021 to 20.95% in January 2022.
Property, Plant, and Equipment (PP&E)
Net property at cost consistently increased as a percentage of total assets, rising from 16.34% in January 2021 to 23.14% in February 2025, before decreasing slightly to 22.98% in January 2026. This indicates a growing investment in fixed assets, potentially supporting expansion or modernization efforts.
Operating Lease Right of Use Assets
Operating lease right of use assets exhibited an increasing trend from 29.18% in January 2021 to 32.05% in January 2023, followed by a slight decrease to 28.88% in January 2026. This suggests a shift towards utilizing leased assets rather than owning them outright, or changes in lease agreements.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets showed a gradual increase from 1.41% in January 2021 to 2.98% in January 2026. This could be attributed to increased upfront payments for services or resources, or a change in accounting practices.
Goodwill and Other Assets
Goodwill experienced a slight decrease as a percentage of total assets, moving from 0.32% in January 2021 to 0.27% in January 2026. Other assets showed a more substantial increase, rising from 2.67% to 4.95% over the same period. The increase in 'Other Assets' warrants further investigation to understand its composition.
Federal, state and foreign income taxes recoverable
The proportion of federal, state and foreign income taxes recoverable fluctuated significantly, peaking at 0.42% in January 2023 and declining to 0.02% in January 2026. This variability likely reflects changes in tax liabilities and payments.

AI Ask an analyst for more