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Microsoft Excel LibreOffice Calc

TJX Cos. Inc. (TJX)


Analysis of Solvency Ratios

Beginner level


Solvency Ratios (Summary)

TJX Cos. Inc., solvency ratios

Microsoft Excel LibreOffice Calc
Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015 Feb 1, 2014
Debt Ratios
Debt to equity
Debt to capital
Debt to assets
Financial leverage
Coverage Ratios
Interest coverage
Fixed charge coverage

Based on: 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), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01).

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 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
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 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
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 2017 to 2018 and from 2018 to 2019.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. TJX Cos. Inc.’s financial leverage ratio decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.

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 deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.
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 deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Debt to Equity

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

Microsoft Excel LibreOffice Calc
Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015 Feb 1, 2014
Selected Financial Data (US$ in thousands)
Long-term debt
Total debt
 
Shareholders’ equity
Solvency Ratio
Debt to equity1
Benchmarks
Debt to Equity, Competitors2
Amazon.com Inc.
Costco Wholesale Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Walmart Inc.
Debt to Equity, Sector
General Retailers
Debt to Equity, Industry
Consumer Services

Based on: 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), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01).

1 2019 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 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Debt to Capital

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

Microsoft Excel LibreOffice Calc
Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015 Feb 1, 2014
Selected Financial Data (US$ in thousands)
Long-term debt
Total debt
Shareholders’ equity
Total capital
Solvency Ratio
Debt to capital1
Benchmarks
Debt to Capital, Competitors2
Amazon.com Inc.
Costco Wholesale Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Walmart Inc.
Debt to Capital, Sector
General Retailers
Debt to Capital, Industry
Consumer Services

Based on: 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), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01).

1 2019 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 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Debt to Assets

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

Microsoft Excel LibreOffice Calc
Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015 Feb 1, 2014
Selected Financial Data (US$ in thousands)
Long-term debt
Total debt
 
Total assets
Solvency Ratio
Debt to assets1
Benchmarks
Debt to Assets, Competitors2
Amazon.com Inc.
Costco Wholesale Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Walmart Inc.
Debt to Assets, Sector
General Retailers
Debt to Assets, Industry
Consumer Services

Based on: 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), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01).

1 2019 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 2017 to 2018 and from 2018 to 2019.

Financial Leverage

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

Microsoft Excel LibreOffice Calc
Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015 Feb 1, 2014
Selected Financial Data (US$ in thousands)
Total assets
Shareholders’ equity
Solvency Ratio
Financial leverage1
Benchmarks
Financial Leverage, Competitors2
Amazon.com Inc.
Costco Wholesale Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Walmart Inc.
Financial Leverage, Sector
General Retailers
Financial Leverage, Industry
Consumer Services

Based on: 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), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01).

1 2019 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 decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.

Interest Coverage

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

Microsoft Excel LibreOffice Calc
Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015 Feb 1, 2014
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.
Costco Wholesale Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Walmart Inc.
Interest Coverage, Sector
General Retailers
Interest Coverage, Industry
Consumer Services

Based on: 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), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01).

1 2019 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 deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.

Fixed Charge Coverage

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

Microsoft Excel LibreOffice Calc
Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015 Feb 1, 2014
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: Rental expense under operating leases
Earnings before fixed charges and tax
 
Interest expense, excluding capitalized interest
Rental expense under operating leases
Fixed charges
Solvency Ratio
Fixed charge coverage1
Benchmarks
Fixed Charge Coverage, Competitors2
Amazon.com Inc.
Costco Wholesale Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Walmart Inc.
Fixed Charge Coverage, Sector
General Retailers
Fixed Charge Coverage, Industry
Consumer Services

Based on: 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), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01).

1 2019 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 deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.