Balance Sheet: Assets
Quarterly Data
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.
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TJX Cos. Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
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).
Total assets exhibit a general upward trajectory over the analyzed period, growing from 25,415 million US dollars in May 2020 to 36,158 million US dollars by May 2026. This growth is characterized by an initial spike in liquidity during 2020, followed by a period of stabilization and a subsequent acceleration in long-term asset accumulation and inventory investment toward the end of the series.
- Liquidity and Current Asset Trends
- Cash and cash equivalents experienced a significant surge in 2020, peaking at 10,582 million US dollars in October 2020. This was followed by a gradual decline and subsequent stabilization, with values generally fluctuating between 4,000 and 6,000 million US dollars from 2022 onward. This pattern suggests an initial period of aggressive liquidity preservation followed by a return to normalized operational cash levels.
- Merchandise inventories demonstrate substantial volatility and a long-term increasing trend. After a low of 3,744 million US dollars in August 2020, inventories climbed to a peak of 9,353 million US dollars by November 2025. This indicates a strategic increase in stock levels to support expanded operations or a response to supply chain management shifts.
- Accounts receivable remained relatively stable, though a gradual increase is noted, rising from 172 million US dollars in early 2020 to 642 million US dollars by May 2026, reflecting a modest expansion in credit-related activities.
- Long-Term Asset Expansion
- Net property at cost shows a consistent and linear growth pattern, increasing from 5,202 million US dollars in May 2020 to 8,447 million US dollars in May 2026. This steady rise suggests continuous capital expenditure in physical infrastructure and store enhancements.
- Operating lease right-of-use assets remained stable for several years before entering a growth phase, increasing from approximately 9,074 million US dollars in 2020 to 11,025 million US dollars by May 2026, indicating an expansion of the leased store portfolio.
- Other assets saw a marked increase in the latter part of the period, growing from 712 million US dollars in May 2020 to 1,805 million US dollars by May 2026, contributing to the overall growth of the long-term asset base.
- Structural Asset Composition
- The balance sheet composition shifted from being heavily weighted toward current assets—specifically cash—during the 2020-2021 period to a more balanced distribution favoring long-term assets and inventories by 2026.
- Long-term assets grew more consistently than current assets, increasing from 15,119 million US dollars to 21,518 million US dollars, which underscores a transition toward long-term operational scaling and investment in fixed assets.