Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
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TJX Cos. Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
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).
An analysis of the common-size balance sheet reveals a strategic shift in the capital structure, characterized by a consistent reduction in total liabilities and a corresponding increase in shareholders' equity over the observed period. Total liabilities declined from 81.35% in May 2020 to 71.23% by May 2026, while shareholders' equity expanded from 18.65% to 28.77%.
- Long-Term Debt and Liability Trends
- A substantial decrease in long-term debt, exclusive of current installments, is observed, falling from 28.30% in May 2020 to 5.17% by May 2026. This trend indicates a concerted effort to deleverage the balance sheet. Long-term operating lease liabilities remained relatively more stable than long-term debt, though they experienced a gradual decline from 31.14% to 26.54% over the period.
- Current Liability Dynamics
- Current liabilities as a percentage of total liabilities and equity showed an overall upward trend, rising from 18.37% in May 2020 to 35.55% in May 2026. This increase is primarily attributed to higher proportions of accounts payable and accrued expenses. Accounts payable exhibited notable quarterly volatility, typically fluctuating between 12% and 19%, which is indicative of seasonal operational cycles.
- Equity and Retained Earnings Growth
- Shareholders' equity grew steadily throughout the analyzed timeframe. The primary driver of this expansion was the consistent increase in retained earnings, which rose from 17.04% in May 2020 to 26.74% in May 2026. Furthermore, accumulated other comprehensive losses narrowed from -3.14% to -1.03%, providing a modest positive contribution to the total equity position.
- Overall Solvency and Leverage
- The transition from long-term debt toward retained earnings suggests a move toward a more conservative financing strategy. The reduction in total long-term liabilities from 62.98% to 35.68% has significantly lowered the company's long-term leverage, thereby improving the overall solvency profile of the organization.