Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

TJX Cos. Inc., consolidated balance sheet: assets

US$ in millions

	Jan 31, 2026	Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Cash and cash equivalents	6,230)	5,335)	5,600)	5,477)	6,227)	10,470)
Accounts receivable, net	602)	549)	529)	563)	518)	461)
Merchandise inventories	7,297)	6,421)	5,965)	5,819)	5,962)	4,337)
Prepaid expenses and other current assets	1,065)	617)	511)	478)	438)	435)
Federal, state and foreign income taxes recoverable	8)	69)	59)	119)	115)	36)
Current assets	15,202)	12,991)	12,664)	12,456)	13,259)	15,739)
Net property at cost	8,220)	7,346)	6,571)	5,783)	5,271)	5,036)
Non-current deferred income taxes, net	147)	148)	172)	158)	185)	127)
Operating lease right of use assets	10,330)	9,641)	9,396)	9,086)	8,854)	8,990)
Goodwill	96)	94)	95)	97)	97)	99)
Other assets	1,772)	1,529)	849)	769)	796)	822)
Long-term assets	20,565)	18,758)	17,083)	15,893)	15,203)	15,074)
Total assets	35,767)	31,749)	29,747)	28,349)	28,461)	30,814)

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).

Total assets exhibited a fluctuating pattern over the analyzed period. While a decrease was observed between 2021 and 2022, followed by relative stability in 2023, assets began a consistent upward trend from 2024 through the projected 2026 figures. This growth is primarily driven by increases in long-term assets.

Current Assets: Current assets demonstrated volatility. A decline occurred from 2021 to 2023, reaching a low of US$12,456 million. However, a recovery began in 2024, continuing into the projected 2026, reaching US$15,202 million. This recovery is attributable to increases in merchandise inventories and prepaid expenses, alongside a significant, though fluctuating, amount of cash and cash equivalents. Cash and cash equivalents experienced a substantial decrease from 2021 to 2022, stabilizing in subsequent years before showing a modest increase towards the end of the period. Accounts receivable, net, showed a gradual increase throughout the period, indicating a potential rise in credit sales or a lengthening of the collection cycle. Federal, state and foreign income taxes recoverable were highly variable, peaking in 2022 before declining significantly in 2026.
Long-Term Assets: Long-term assets consistently increased throughout the period, rising from US$15,074 million in 2021 to a projected US$20,565 million in 2026. This growth was largely fueled by increases in net property at cost and operating lease right of use assets. Net property at cost experienced steady growth, suggesting ongoing investment in property, plant, and equipment. Operating lease right of use assets also showed consistent growth, indicating an increasing reliance on leased assets. Goodwill remained relatively stable, with only minor fluctuations. Other assets experienced a notable increase between 2024 and 2026, potentially reflecting investments or acquisitions.

The composition of assets shifted over the period, with long-term assets becoming a larger proportion of the total. This suggests a strategic move towards investing in long-term growth initiatives and potentially reducing reliance on short-term liquid assets. The overall trend indicates a strengthening asset base, particularly in the later years of the analyzed period.

TJX Cos. Inc. (NYSE:TJX)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items