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TJX Cos. Inc. (TJX)
Long-term Debt and Solvency Analysis
Difficulty: Beginner
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Ratios (Summary)
TJX Cos. Inc., debt and solvency ratios
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).
| 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 improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
| 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
| Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | Jan 30, 2016 | Jan 31, 2015 | Feb 1, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in thousands) | |||||||
| Long-term debt | |
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| Total debt | |
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| Shareholders’ equity | |
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| Ratio | |||||||
| Debt to equity1 | |
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| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Amazon.com Inc. | |
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| Costco Wholesale Corp. | |
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| eBay Inc. | |
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| Home Depot Inc. | |
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| Lowe’s Cos. Inc. | |
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| Netflix Inc. | |
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| Target Corp. | |
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| Walmart Inc. | |
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| Debt to Equity, Sector | |||||||
| General Retailers | |
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| Debt to Equity, Industry | |||||||
| Consumer Services | |
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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.
| 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
| Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | Jan 30, 2016 | Jan 31, 2015 | Feb 1, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in thousands) | |||||||
| Long-term debt | |
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| Total debt | |
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| Shareholders’ equity | |
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| Total capital | |
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| Ratio | |||||||
| Debt to capital1 | |
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| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Amazon.com Inc. | |
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| Costco Wholesale Corp. | |
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| eBay Inc. | |
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| Home Depot Inc. | |
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| Lowe’s Cos. Inc. | |
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| Netflix Inc. | |
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| Target Corp. | |
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| Walmart Inc. | |
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| Debt to Capital, Sector | |||||||
| General Retailers | |
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| Debt to Capital, Industry | |||||||
| Consumer Services | |
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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.
| 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
| Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | Jan 30, 2016 | Jan 31, 2015 | Feb 1, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in thousands) | |||||||
| Long-term debt | |
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| Total debt | |
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| Total assets | |
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| Ratio | |||||||
| Debt to assets1 | |
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| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Amazon.com Inc. | |
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| Costco Wholesale Corp. | |
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|
|
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| eBay Inc. | |
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|
|
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| Home Depot Inc. | |
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| Lowe’s Cos. Inc. | |
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| Netflix Inc. | |
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| Target Corp. | |
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| Walmart Inc. | |
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| Debt to Assets, Sector | |||||||
| General Retailers | |
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| Debt to Assets, Industry | |||||||
| Consumer Services | |
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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.
| 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
| Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | Jan 30, 2016 | Jan 31, 2015 | Feb 1, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in thousands) | |||||||
| Total assets | |
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| Shareholders’ equity | |
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| Ratio | |||||||
| Financial leverage1 | |
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| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Amazon.com Inc. | |
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| Costco Wholesale Corp. | |
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|
|
|
| eBay Inc. | |
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|
|
|
| Home Depot Inc. | |
|
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|
|
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| Lowe’s Cos. Inc. | |
|
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|
|
|
|
| Netflix Inc. | |
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|
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| Target Corp. | |
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| Walmart Inc. | |
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| Financial Leverage, Sector | |||||||
| General Retailers | |
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| Financial Leverage, Industry | |||||||
| Consumer Services | |
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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.
| 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 improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
Interest Coverage
TJX Cos. Inc., interest coverage calculation, comparison to benchmarks
| Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | Jan 30, 2016 | Jan 31, 2015 | Feb 1, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in thousands) | |||||||
| Net income | |
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| Add: Income tax expense | |
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| Add: Interest expense, excluding capitalized interest | |
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| Earnings before interest and tax (EBIT) | |
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| Ratio | |||||||
| Interest coverage1 | |
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|
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| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Amazon.com Inc. | |
|
|
|
|
|
|
| Costco Wholesale Corp. | |
|
|
|
|
|
|
| eBay Inc. | |
|
|
|
|
|
|
| Home Depot Inc. | |
|
|
|
|
|
|
| Lowe’s Cos. Inc. | |
|
|
|
|
|
|
| Netflix Inc. | |
|
|
|
|
|
|
| Target Corp. | |
|
|
|
|
|
|
| Walmart Inc. | |
|
|
|
|
|
|
| Interest Coverage, Sector | |||||||
| General Retailers | |
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|
|
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| Interest Coverage, Industry | |||||||
| Consumer Services | |
|
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|
|
|
|
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.
| 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
| Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | Jan 30, 2016 | Jan 31, 2015 | Feb 1, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in thousands) | |||||||
| Net income | |
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| Add: Income tax expense | |
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| Add: Interest expense, excluding capitalized interest | |
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| Earnings before interest and tax (EBIT) | |
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| Add: Rental expense under operating leases | |
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| Earnings before fixed charges and tax | |
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| Interest expense, excluding capitalized interest | |
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| Rental expense under operating leases | |
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| Fixed charges | |
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| Ratio | |||||||
| Fixed charge coverage1 | |
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|
|
|
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Amazon.com Inc. | |
|
|
|
|
|
|
| Costco Wholesale Corp. | |
|
|
|
|
|
|
| eBay Inc. | |
|
|
|
|
|
|
| Home Depot Inc. | |
|
|
|
|
|
|
| Lowe’s Cos. Inc. | |
|
|
|
|
|
|
| Netflix 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.
| 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. |