Stock Analysis on Net
Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

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Analysis of Solvency Ratios

Microsoft Excel LibreOffice Calc

Solvency Ratios (Summary)

TJX Cos. Inc., solvency ratios

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Debt Ratios
Debt to equity
Debt to equity (including operating lease liability)
Debt to capital
Debt to capital (including operating lease liability)
Debt to assets
Debt to assets (including operating lease liability)
Financial leverage
Coverage Ratios
Interest coverage
Fixed charge coverage

Based on: 10-K (filing date: 2021-03-31), 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. TJX Cos. Inc.’s debt to equity ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. TJX Cos. Inc.’s debt to equity ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. TJX Cos. Inc.’s debt to capital ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. TJX Cos. Inc.’s debt to capital ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. TJX Cos. Inc.’s debt to assets ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. TJX Cos. Inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. TJX Cos. Inc.’s financial leverage ratio increased from 2019 to 2020 and from 2020 to 2021.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. TJX Cos. Inc.’s interest coverage ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. TJX Cos. Inc.’s fixed charge coverage ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Debt to Equity

TJX Cos. Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt
Long-term debt, exclusive of current installments
Total debt
 
Shareholders’ equity
Solvency Ratio
Debt to equity1
Benchmarks
Debt to Equity, Competitors2
Amazon.com Inc.
Booking Holdings Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Equity, Sector
Retailing
Debt to Equity, Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-03-31), 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29).

1 2021 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. TJX Cos. Inc.’s debt to equity ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Debt to Equity (including Operating Lease Liability)

TJX Cos. Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt
Long-term debt, exclusive of current installments
Total debt
Current portion of operating lease liabilities
Long-term operating lease liabilities, exclusive of current portion
Total debt (including operating lease liability)
 
Shareholders’ equity
Solvency Ratio
Debt to equity (including operating lease liability)1
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Amazon.com Inc.
Booking Holdings Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Equity (including Operating Lease Liability), Sector
Retailing
Debt to Equity (including Operating Lease Liability), Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-03-31), 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29).

1 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. TJX Cos. Inc.’s debt to equity ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021.

Debt to Capital

TJX Cos. Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt
Long-term debt, exclusive of current installments
Total debt
Shareholders’ equity
Total capital
Solvency Ratio
Debt to capital1
Benchmarks
Debt to Capital, Competitors2
Amazon.com Inc.
Booking Holdings Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Capital, Sector
Retailing
Debt to Capital, Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-03-31), 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29).

1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. TJX Cos. Inc.’s debt to capital ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Debt to Capital (including Operating Lease Liability)

TJX Cos. Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt
Long-term debt, exclusive of current installments
Total debt
Current portion of operating lease liabilities
Long-term operating lease liabilities, exclusive of current portion
Total debt (including operating lease liability)
Shareholders’ equity
Total capital (including operating lease liability)
Solvency Ratio
Debt to capital (including operating lease liability)1
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Amazon.com Inc.
Booking Holdings Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Capital (including Operating Lease Liability), Sector
Retailing
Debt to Capital (including Operating Lease Liability), Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-03-31), 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29).

1 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. TJX Cos. Inc.’s debt to capital ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021.

Debt to Assets

TJX Cos. Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt
Long-term debt, exclusive of current installments
Total debt
 
Total assets
Solvency Ratio
Debt to assets1
Benchmarks
Debt to Assets, Competitors2
Amazon.com Inc.
Booking Holdings Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Assets, Sector
Retailing
Debt to Assets, Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-03-31), 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29).

1 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. TJX Cos. Inc.’s debt to assets ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Debt to Assets (including Operating Lease Liability)

TJX Cos. Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt
Long-term debt, exclusive of current installments
Total debt
Current portion of operating lease liabilities
Long-term operating lease liabilities, exclusive of current portion
Total debt (including operating lease liability)
 
Total assets
Solvency Ratio
Debt to assets (including operating lease liability)1
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Amazon.com Inc.
Booking Holdings Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Assets (including Operating Lease Liability), Sector
Retailing
Debt to Assets (including Operating Lease Liability), Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-03-31), 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29).

1 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. TJX Cos. Inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021.

Financial Leverage

TJX Cos. Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Total assets
Shareholders’ equity
Solvency Ratio
Financial leverage1
Benchmarks
Financial Leverage, Competitors2
Amazon.com Inc.
Booking Holdings Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Financial Leverage, Sector
Retailing
Financial Leverage, Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-03-31), 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29).

1 2021 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. TJX Cos. Inc.’s financial leverage ratio increased from 2019 to 2020 and from 2020 to 2021.

Interest Coverage

TJX Cos. Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Net income
Add: Income tax expense
Add: Interest expense, excluding capitalized interest
Earnings before interest and tax (EBIT)
Solvency Ratio
Interest coverage1
Benchmarks
Interest Coverage, Competitors2
Amazon.com Inc.
Booking Holdings Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Interest Coverage, Sector
Retailing
Interest Coverage, Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-03-31), 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29).

1 2021 Calculation
Interest coverage = EBIT ÷ Interest expense
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. TJX Cos. Inc.’s interest coverage ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Fixed Charge Coverage

TJX Cos. Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Net income
Add: Income tax expense
Add: Interest expense, excluding capitalized interest
Earnings before interest and tax (EBIT)
Add: Operating lease cost
Earnings before fixed charges and tax
 
Interest expense, excluding capitalized interest
Operating lease cost
Fixed charges
Solvency Ratio
Fixed charge coverage1
Benchmarks
Fixed Charge Coverage, Competitors2
Amazon.com Inc.
Booking Holdings Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Fixed Charge Coverage, Sector
Retailing
Fixed Charge Coverage, Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-03-31), 10-K (filing date: 2020-03-27), 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29).

1 2021 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. TJX Cos. Inc.’s fixed charge coverage ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.