Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
TJX Cos. Inc., liquidity ratios
Based on: 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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | TJX Cos. Inc. current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | TJX Cos. Inc. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | TJX Cos. Inc. cash ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Current Ratio
TJX Cos. Inc., current ratio calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | 12,664) | 12,456) | 13,259) | 15,739) | 8,891) | 8,469) | |
| Current liabilities | 10,451) | 10,305) | 10,468) | 10,804) | 7,150) | 5,531) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 1.21 | 1.21 | 1.27 | 1.46 | 1.24 | 1.53 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Amazon.com Inc. | — | 1.05 | 0.94 | 1.14 | 1.05 | 1.10 | |
| Home Depot Inc. | 1.35 | 1.41 | 1.01 | 1.23 | 1.08 | 1.11 | |
| Lowe’s Cos. Inc. | 1.23 | 1.10 | 1.02 | 1.19 | 1.01 | 0.98 | |
| Current Ratio, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 1.10 | 0.98 | 1.17 | 1.06 | 1.10 | |
| Current Ratio, Industry | |||||||
| Consumer Discretionary | — | 1.18 | 1.14 | 1.24 | 1.18 | 1.08 | |
Based on: 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).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,664 ÷ 10,451 = 1.21
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | TJX Cos. Inc. current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Quick Ratio
TJX Cos. Inc., quick ratio calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 5,600) | 5,477) | 6,227) | 10,470) | 3,217) | 3,030) | |
| Accounts receivable, net | 529) | 563) | 518) | 461) | 386) | 346) | |
| Total quick assets | 6,129) | 6,040) | 6,744) | 10,931) | 3,603) | 3,377) | |
| Current liabilities | 10,451) | 10,305) | 10,468) | 10,804) | 7,150) | 5,531) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.59 | 0.59 | 0.64 | 1.01 | 0.50 | 0.61 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Amazon.com Inc. | — | 0.81 | 0.69 | 0.86 | 0.83 | 0.83 | |
| Home Depot Inc. | 0.32 | 0.26 | 0.20 | 0.47 | 0.23 | 0.22 | |
| Lowe’s Cos. Inc. | 0.08 | 0.09 | 0.07 | 0.28 | 0.06 | 0.05 | |
| Quick Ratio, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.68 | 0.57 | 0.77 | 0.68 | 0.65 | |
| Quick Ratio, Industry | |||||||
| Consumer Discretionary | — | 0.84 | 0.81 | 0.92 | 0.89 | 0.77 | |
Based on: 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).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,129 ÷ 10,451 = 0.59
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | TJX Cos. Inc. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Cash Ratio
TJX Cos. Inc., cash ratio calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 5,600) | 5,477) | 6,227) | 10,470) | 3,217) | 3,030) | |
| Total cash assets | 5,600) | 5,477) | 6,227) | 10,470) | 3,217) | 3,030) | |
| Current liabilities | 10,451) | 10,305) | 10,468) | 10,804) | 7,150) | 5,531) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.54 | 0.53 | 0.59 | 0.97 | 0.45 | 0.55 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Amazon.com Inc. | — | 0.53 | 0.45 | 0.68 | 0.67 | 0.63 | |
| Home Depot Inc. | 0.17 | 0.12 | 0.08 | 0.34 | 0.12 | 0.11 | |
| Lowe’s Cos. Inc. | 0.08 | 0.09 | 0.07 | 0.28 | 0.06 | 0.05 | |
| Cash Ratio, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.44 | 0.37 | 0.61 | 0.54 | 0.49 | |
| Cash Ratio, Industry | |||||||
| Consumer Discretionary | — | 0.57 | 0.55 | 0.71 | 0.70 | 0.56 | |
Based on: 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).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,600 ÷ 10,451 = 0.54
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | TJX Cos. Inc. cash ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |