Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

TJX Cos. Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-26), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).

1 US$ in millions


Current Assets
Current assets exhibit a general upward trend over the analyzed period. Starting at 2,905 million USD in early 2005, current assets steadily increased with some fluctuations, reaching a peak of 15,739 million USD in early 2021. Following this peak, there is a noticeable decrease to around 12,456 million USD by early 2023, with a slight recovery towards 12,991 million USD by early 2025. This pattern suggests significant growth with a sharp rise during 2020-2021, possibly reflective of acquisitions, increased liquidity, or changes in working capital components, followed by a moderate decline in subsequent years.
Current Liabilities
Current liabilities also show a consistent increase from 2,204 million USD in early 2005 to a peak of 10,804 million USD in early 2021, similar to current assets. After this peak, liabilities slightly decreased but remained elevated above 10,000 million USD in the following years, reaching 11,008 million USD in early 2025. The parallel rise of current liabilities alongside current assets indicates expanding operational scale or higher short-term obligations, with a temporary stabilization post-2021.
Current Ratio
The current ratio fluctuates within a range but generally displays a mild decline over time. Initially, it rises from 1.32 in 2005 to a high of around 1.72 in early 2014, indicating improved short-term liquidity during this interval. However, from 2014 onwards, the current ratio gradually decreases to approximately 1.18 by early 2025. This downward trend suggests that current liabilities have been growing at a somewhat faster pace relative to current assets in recent years, possibly reflecting increased reliance on short-term financing or changing asset composition reducing liquidity coverage.
Overall Analysis
The financial position shows growth in both current assets and liabilities over the years, with a significant surge around 2020-2021. The declining current ratio towards the end of the period indicates a slight erosion in short-term liquidity, despite the large absolute sizes of assets and liabilities. The data implies ongoing expansion with increased operational scale and working capital demands, alongside a need to monitor liquidity to ensure adequate coverage of short-term obligations going forward.

Comparison to Competitors


Comparison to Sector (Consumer Discretionary Distribution & Retail)

TJX Cos. Inc., current ratio, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel

Based on: 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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-26), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).


Comparison to Industry (Consumer Discretionary)