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. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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TJX Cos. Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 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), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04).
The analysis of the quarterly financial data reveals several key trends across various asset categories over the observed periods.
- Cash and Cash Equivalents
- Cash balances show notable volatility, with an initial level around 2,235 million USD in May 2019, peaking at approximately 10,582 million USD in October 2020. Subsequently, cash levels experienced a gradual decline and fluctuated in the range of 4,255 to 5,600 million USD from early 2023 into mid-2024. This pattern indicates periods of cash accumulation possibly linked to operational cash flow or financing activities followed by sustained utilization of cash resources.
- Accounts Receivable, Net
- Accounts receivable amounts remained relatively stable with minor fluctuations, ranging roughly between 172 million USD and 621 million USD across quarters. There is no strong upward or downward trend, implying consistent credit sales and collection practices throughout the periods.
- Merchandise Inventories
- Inventory values demonstrate significant variability with an overall upward trajectory. Starting at 5,057 million USD in May 2019, inventories decreased moderately in mid-2020, followed by sharp increases peaking above 8,300 million USD in late 2022 and again near 8,371 million USD in November 2024. This could reflect seasonality, supply chain adjustments, or inventory buildup ahead of anticipated sales growth.
- Prepaid Expenses and Other Current Assets
- These assets exhibit a gradual increase over time from 382 million USD in May 2019 to roughly 575 million USD in May 2025, indicating steady accrual of prepaid items or other current asset components.
- Federal, State, and Foreign Income Taxes Recoverable
- This item shows sporadic and modest values across the periods, with no consistent trend, varying from as low as 36 million USD to as high as 482 million USD in May 2020. The irregular pattern may be related to cyclical tax refunds or settlements.
- Current Assets
- The total current assets demonstrate an overall growth from 8,067 million USD in May 2019 to a peak of 16,654 million USD in October 2020, with subsequent declines to around 12,595 million USD by May 2025. The initial growth aligns with increases notably in cash and inventories, followed by a moderate contraction likely due to working capital normalization or asset reallocation.
- Net Property at Cost
- Net property assets show a consistent rising trend from approximately 5,019 million USD in May 2019 to about 7,554 million USD by May 2025. This steady increase indicates ongoing investments in property, plant, and equipment.
- Non-current Deferred Income Taxes, Net
- Deferred tax assets fluctuate slightly but remain generally stable, moving from 6 million USD in early 2019 to around 141 million USD in spring 2025, with some variation reflecting tax position changes or differences in timing of recognition.
- Operating Lease Right of Use Assets
- This asset account maintains a relatively flat trajectory averaging around 9,000 million USD, increasing marginally towards 9,924 million USD in May 2025. The stability suggests lease commitments remained steady over the observed timeframe.
- Goodwill
- Goodwill balances remain almost constant, fluctuating minimally around 95 to 99 million USD, indicating no significant impairments or acquisitions affecting this account.
- Other Assets
- Other non-current assets show an increasing trend, rising from 490 million USD in May 2019 to 1,549 million USD by May 2025, reflecting potential growth in intangible assets or other long-term holdings.
- Long-term Assets
- Total long-term assets generally increased from 14,422 million USD to 19,263 million USD throughout the timeline, driven by rising property costs and other assets, signifying sustained capital investment.
- Total Assets
- Total assets grew from approximately 22,489 million USD to a peak of 32,436 million USD in late 2024, slightly declining to 31,858 million USD by May 2025. This growth reflects expansion in both current and long-term assets, aligning with underlying operational growth and capital expenditures.