Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

TJX Cos. Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Aug 2, 2025 May 3, 2025 Feb 1, 2025 Nov 2, 2024 Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019
Accounts payable
Accrued expenses and other current liabilities
Current portion of operating lease liabilities
Current portion of long-term debt
Federal, state and foreign income taxes payable
Current liabilities
Other long-term liabilities
Non-current deferred income taxes, net
Long-term operating lease liabilities, exclusive of current portion
Long-term debt, exclusive of current installments
Long-term liabilities
Total liabilities
Preferred stock, par value $1, no shares issued
Common stock, par value $1
Additional paid-in capital
Accumulated other comprehensive loss
Retained earnings
Shareholders’ equity
Total liabilities and shareholders’ equity

Based on: 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), 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).


Accounts Payable
The accounts payable balances exhibited significant fluctuations over the period, starting at $2,578 million in May 2019 and peaking at $6,143 million in October 2020, before declining and stabilizing around $4,300 to $5,400 million in later quarters. This variability suggests shifts in the company's short-term obligations and potentially in purchasing or payment strategies.
Accrued Expenses and Other Current Liabilities
These liabilities generally increased from about $2,469 million in May 2019 to peak near $4,870 million in February 2024, with some volatility in between. The upward trend points to growing operational liabilities or accrued expenses over time.
Current Portion of Operating Lease Liabilities
This item remained relatively stable, fluctuating narrowly between approximately $1,343 million and $1,682 million, reflecting steady lease-related obligations without significant changes across the quarters.
Current Portion of Long-Term Debt
Reported only in certain quarters, particularly mid to late 2020 and early 2022 through 2023, the current portion of long-term debt appeared mostly constant at $500 to $750 million, indicating scheduled repayments or reclassifications occurring during these periods.
Federal, State, and Foreign Income Taxes Payable
This category showed considerable quarter-to-quarter variability, with values ranging from as low as $11 million to highs near $298 million, suggesting fluctuations in tax liabilities possibly due to income volatility or tax planning activities.
Current Liabilities
Current liabilities demonstrated marked volatility, rising from $6,581 million in May 2019 to a high of $11,817 million in October 2020. After this peak, current liabilities exhibited oscillations but mostly remained above $10,000 million, indicating increased short-term obligations over time.
Other Long-Term Liabilities
This category remained fairly consistent, fluctuating between approximately $753 million and $1,050 million throughout the periods, indicating relatively stable long-term non-debt obligations.
Non-Current Deferred Income Taxes, Net
Deferred tax liabilities decreased from $167 million in May 2019 to a low of $3 million in October 2021, then gradually climbed to $217 million by August 2025, reflecting changes in tax timing differences and tax positions over the course of the periods.
Long-Term Operating Lease Liabilities
Long-term lease liabilities were relatively stable, ranging narrowly from $7,576 million to $8,585 million, showing consistent obligations under operating leases with minor increases toward the latter periods.
Long-Term Debt (Excluding Current Installments)
Long-term debt showed a significant spike from $2,237 million at the start of 2020 to over $7,192 million in May 2020, followed by subsequent fluctuations mostly decreasing to approximately $2,867 million by mid-2025. This pattern likely reflects debt refinancing, repayments, or new issuances during the period.
Long-Term Liabilities
Overall long-term liabilities increased sharply from $10,776 million in May 2019 to a peak of $16,006 million in May 2020, then declined to about $11,530 million by late 2022, stabilizing around $12,700 million toward mid-2025, illustrating notable adjustments in long-term financial obligations.
Total Liabilities
Total liabilities rose from $17,357 million in May 2019, reaching a peak of $25,999 million in October 2020, and then exhibited fluctuations, generally declining and stabilizing in the $22,000 million to $24,000 million range during the most recent periods, indicating active liability management amidst changing business conditions.
Common Stock, Par Value
The common stock par value showed a gradual decline from $1,213 million in May 2019 to $1,113 million by August 2025, which may reflect share repurchases or changes in the capital structure over time.
Additional Paid-In Capital
This account was sporadically reported but increased significantly from a minimal level to a peak of $321 million by January 2022, followed by no further data, suggesting capital contributions or issuance events during a limited timeframe.
Accumulated Other Comprehensive Loss
The accumulated other comprehensive loss fluctuated substantially, ranging from a high loss of $830 million at one point to a less severe loss of $445 million by August 2025, showing impacts of other comprehensive income items such as foreign currency translation or pension adjustments.
Retained Earnings
Retained earnings experienced steady growth from $4,553 million in May 2019 to $8,198 million by mid-2025, indicating ongoing profitability and accumulation of undistributed earnings despite some interruptions linked to extraordinary events reflected in other accounts.
Shareholders' Equity
Shareholders’ equity increased from $5,132 million in May 2019 to $8,866 million by August 2025, reflecting overall growth in net assets supported by rising retained earnings and equity financing activities, albeit with some fluctuations corresponding to liability changes.
Total Liabilities and Shareholders' Equity
The total of liabilities and shareholders’ equity rose from $22,489 million in May 2019 to $32,885 million by August 2025, indicative of overall company growth and expansion of the balance sheet over the timeframe analyzed.