Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Solvency Ratios (Summary)
TJX Cos. Inc., solvency ratios (quarterly data)
Based on: 10-Q (filing date: 2020-12-01), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-21), 10-K (filing date: 2020-03-27), 10-Q (filing date: 2019-12-03), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30).
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 Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to equity (including operating lease liability) ratio | 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) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 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 Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to capital (including operating lease liability) ratio | 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) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 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 Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to assets (including operating lease liability) ratio | 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) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 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 Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021. |
Debt to Equity
TJX Cos. Inc., debt to equity calculation (quarterly data)
Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
Current portion of long-term debt | 749,446 | 749,209 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Long-term debt, exclusive of current portion | 5,447,208 | 5,445,325 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Total debt | 6,196,654 | 6,194,534 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Shareholders’ equity | 5,566,756 | 4,660,569 | 4,739,218 | 5,948,212 | 5,542,532 | 5,302,612 | 5,131,895 | 5,048,606 | 5,256,873 | 5,227,073 | 5,262,408 | 5,148,309 | 4,645,608 | 4,540,804 | 4,553,523 | 4,510,599 | 4,329,811 | 4,451,356 | 4,534,969 | 4,307,075 | 4,350,461 | 4,276,067 | 4,290,290 | 4,264,230 | 4,373,808 | 4,274,652 | 4,283,494 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to equity1 | 1.11 | 1.33 | 1.52 | 0.38 | 0.40 | 0.42 | 0.44 | 0.44 | 0.42 | 0.43 | 0.42 | 0.43 | 0.48 | 0.49 | 0.49 | 0.49 | 0.51 | 0.36 | 0.36 | 0.38 | 0.37 | 0.38 | 0.38 | 0.38 | 0.37 | 0.38 | 0.30 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | — | 0.73 | 0.83 | 0.78 | 0.83 | 0.90 | 0.93 | 0.99 | 0.57 | 0.63 | 0.70 | 0.78 | 0.90 | 1.04 | 0.38 | 0.40 | 0.45 | 0.46 | 0.50 | 0.56 | 0.63 | 0.75 | 0.81 | 0.89 | ||||||||
Costco Wholesale Corp. | — | — | 0.51 | 0.42 | 0.54 | 0.34 | 0.43 | 0.45 | 0.45 | 0.47 | 0.49 | 0.51 | 0.54 | 0.56 | 0.60 | 0.62 | 0.40 | 0.41 | 0.43 | 0.43 | 0.44 | 0.45 | 0.56 | 0.58 | 0.57 | 0.49 | 0.41 | ||||||||
Dollar General Corp. | 0.59 | 0.56 | 0.55 | 0.43 | 0.42 | 0.38 | 0.42 | 0.45 | 0.46 | 0.44 | 0.46 | 0.49 | 0.54 | 0.54 | 0.55 | 0.59 | 0.59 | 0.56 | 0.56 | 0.55 | 0.58 | 0.53 | 0.50 | 0.48 | 0.52 | 0.59 | 0.64 | ||||||||
Home Depot Inc. | 23.01 | — | — | — | — | — | — | — | 19.53 | 12.69 | 15.29 | 18.59 | 10.06 | 7.03 | 5.79 | 5.45 | 4.07 | 3.15 | 3.31 | 3.37 | 2.74 | 2.24 | 1.83 | 1.84 | 1.65 | 1.46 | 1.21 | ||||||||
Lowe’s Cos. Inc. | 5.35 | 5.01 | 12.71 | 9.79 | 7.26 | 6.65 | 5.42 | 4.45 | 2.89 | 2.74 | 2.76 | 2.89 | 2.79 | 2.91 | 2.90 | 2.44 | 2.30 | 2.29 | 2.14 | 1.65 | 1.50 | 1.31 | 1.20 | 1.14 | 1.06 | 0.90 | 0.88 | ||||||||
Target Corp. | 0.95 | 1.14 | 1.28 | 0.97 | 1.01 | 0.97 | 1.12 | 1.00 | 1.05 | 1.00 | 1.02 | 0.99 | 1.13 | 1.10 | 1.16 | 1.16 | 1.16 | 1.10 | 1.13 | 0.98 | 0.96 | 0.91 | 0.90 | 0.91 | 0.80 | 0.79 | 0.78 | ||||||||
Walmart Inc. | 0.62 | 0.69 | 0.85 | 0.73 | 0.82 | 0.81 | 0.85 | 0.80 | 0.85 | 0.76 | 0.61 | 0.60 | 0.66 | 0.62 | 0.63 | 0.59 | 0.64 | 0.62 | 0.67 | 0.62 | 0.66 | 0.62 | 0.66 | 0.62 | 0.70 | 0.70 | 0.76 |
Based on: 10-Q (filing date: 2020-12-01), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-21), 10-K (filing date: 2020-03-27), 10-Q (filing date: 2019-12-03), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30).
1 Q3 2021 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 6,196,654 ÷ 5,566,756 = 1.11
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 Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Equity (including Operating Lease Liability)
TJX Cos. Inc., debt to equity (including operating lease liability) calculation (quarterly data)
Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
Current portion of long-term debt | 749,446 | 749,209 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Long-term debt, exclusive of current portion | 5,447,208 | 5,445,325 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Total debt | 6,196,654 | 6,194,534 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Current portion of operating lease liabilities | 1,650,154 | 1,591,076 | 1,399,290 | 1,411,216 | 1,412,262 | 1,353,721 | 1,343,243 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Long-term operating lease liabilities, exclusive of current portion | 7,795,838 | 7,875,234 | 7,914,825 | 7,816,633 | 7,822,067 | 7,742,866 | 7,621,531 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Total debt (including operating lease liability) | 15,642,646 | 15,660,844 | 16,506,528 | 11,464,474 | 11,470,202 | 11,331,708 | 11,199,142 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Shareholders’ equity | 5,566,756 | 4,660,569 | 4,739,218 | 5,948,212 | 5,542,532 | 5,302,612 | 5,131,895 | 5,048,606 | 5,256,873 | 5,227,073 | 5,262,408 | 5,148,309 | 4,645,608 | 4,540,804 | 4,553,523 | 4,510,599 | 4,329,811 | 4,451,356 | 4,534,969 | 4,307,075 | 4,350,461 | 4,276,067 | 4,290,290 | 4,264,230 | 4,373,808 | 4,274,652 | 4,283,494 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to equity (including operating lease liability)1 | 2.81 | 3.36 | 3.48 | 1.93 | 2.07 | 2.14 | 2.18 | 0.44 | 0.42 | 0.43 | 0.42 | 0.43 | 0.48 | 0.49 | 0.49 | 0.49 | 0.51 | 0.36 | 0.36 | 0.38 | 0.37 | 0.38 | 0.38 | 0.38 | 0.37 | 0.38 | 0.30 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | — | 1.16 | 1.23 | 1.20 | 1.25 | 1.32 | 1.35 | 1.43 | 0.57 | 0.63 | 0.70 | 0.78 | 0.90 | 1.04 | 0.38 | 0.40 | 0.45 | 0.46 | 0.50 | 0.56 | 0.63 | 0.75 | 0.81 | 0.89 | ||||||||
Costco Wholesale Corp. | — | — | 0.69 | 0.56 | 0.69 | 0.48 | 0.58 | 0.45 | 0.45 | 0.47 | 0.49 | 0.51 | 0.54 | 0.56 | 0.60 | 0.62 | 0.40 | 0.41 | 0.43 | 0.43 | 0.44 | 0.45 | 0.56 | 0.58 | 0.57 | 0.49 | 0.41 | ||||||||
Dollar General Corp. | 1.93 | 1.80 | 1.79 | 1.75 | 1.71 | 1.63 | 1.65 | 0.45 | 0.46 | 0.44 | 0.46 | 0.49 | 0.54 | 0.54 | 0.55 | 0.59 | 0.59 | 0.56 | 0.56 | 0.55 | 0.58 | 0.53 | 0.50 | 0.48 | 0.52 | 0.59 | 0.64 | ||||||||
Home Depot Inc. | 26.74 | — | — | — | — | — | — | — | 19.53 | 12.69 | 15.29 | 18.59 | 10.06 | 7.03 | 5.79 | 5.45 | 4.07 | 3.15 | 3.31 | 3.37 | 2.74 | 2.24 | 1.83 | 1.84 | 1.65 | 1.46 | 1.21 | ||||||||
Lowe’s Cos. Inc. | 6.44 | 6.01 | 15.28 | 12.04 | 9.07 | 8.37 | 6.83 | 4.45 | 2.89 | 2.74 | 2.76 | 2.89 | 2.79 | 2.91 | 2.90 | 2.44 | 2.30 | 2.29 | 2.14 | 1.65 | 1.50 | 1.31 | 1.20 | 1.14 | 1.06 | 0.90 | 0.88 | ||||||||
Target Corp. | 1.11 | 1.31 | 1.48 | 1.16 | 1.20 | 1.15 | 1.30 | 1.18 | 1.24 | 1.18 | 1.20 | 0.99 | 1.13 | 1.10 | 1.16 | 1.16 | 1.16 | 1.10 | 1.13 | 0.98 | 0.96 | 0.91 | 0.90 | 0.91 | 0.80 | 0.79 | 0.78 | ||||||||
Walmart Inc. | 0.84 | 0.92 | 1.11 | 0.97 | 1.06 | 1.06 | 1.11 | 0.80 | 0.85 | 0.76 | 0.61 | 0.60 | 0.66 | 0.62 | 0.63 | 0.59 | 0.64 | 0.62 | 0.67 | 0.62 | 0.66 | 0.62 | 0.66 | 0.62 | 0.70 | 0.70 | 0.76 |
Based on: 10-Q (filing date: 2020-12-01), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-21), 10-K (filing date: 2020-03-27), 10-Q (filing date: 2019-12-03), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30).
1 Q3 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= 15,642,646 ÷ 5,566,756 = 2.81
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to equity (including operating lease liability) ratio | 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) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Capital
TJX Cos. Inc., debt to capital calculation (quarterly data)
Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
Current portion of long-term debt | 749,446 | 749,209 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Long-term debt, exclusive of current portion | 5,447,208 | 5,445,325 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Total debt | 6,196,654 | 6,194,534 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Shareholders’ equity | 5,566,756 | 4,660,569 | 4,739,218 | 5,948,212 | 5,542,532 | 5,302,612 | 5,131,895 | 5,048,606 | 5,256,873 | 5,227,073 | 5,262,408 | 5,148,309 | 4,645,608 | 4,540,804 | 4,553,523 | 4,510,599 | 4,329,811 | 4,451,356 | 4,534,969 | 4,307,075 | 4,350,461 | 4,276,067 | 4,290,290 | 4,264,230 | 4,373,808 | 4,274,652 | 4,283,494 | ||||||||
Total capital | 11,763,410 | 10,855,103 | 11,931,631 | 8,184,837 | 7,778,405 | 7,537,733 | 7,366,263 | 7,282,222 | 7,489,737 | 7,459,185 | 7,493,768 | 7,378,916 | 6,875,463 | 6,769,907 | 6,781,874 | 6,738,198 | 6,556,724 | 6,067,308 | 6,150,446 | 5,931,129 | 5,974,468 | 5,900,026 | 5,914,202 | 5,888,094 | 5,997,625 | 5,898,421 | 5,557,739 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to capital1 | 0.53 | 0.57 | 0.60 | 0.27 | 0.29 | 0.30 | 0.30 | 0.31 | 0.30 | 0.30 | 0.30 | 0.30 | 0.32 | 0.33 | 0.33 | 0.33 | 0.34 | 0.27 | 0.26 | 0.27 | 0.27 | 0.28 | 0.27 | 0.28 | 0.27 | 0.28 | 0.23 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | — | 0.42 | 0.45 | 0.44 | 0.45 | 0.47 | 0.48 | 0.50 | 0.36 | 0.39 | 0.41 | 0.44 | 0.47 | 0.51 | 0.27 | 0.29 | 0.31 | 0.32 | 0.33 | 0.36 | 0.39 | 0.43 | 0.45 | 0.47 | ||||||||
Costco Wholesale Corp. | — | — | 0.34 | 0.29 | 0.35 | 0.25 | 0.30 | 0.31 | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.37 | 0.38 | 0.29 | 0.29 | 0.30 | 0.30 | 0.31 | 0.31 | 0.36 | 0.37 | 0.36 | 0.33 | 0.29 | ||||||||
Dollar General Corp. | 0.37 | 0.36 | 0.35 | 0.30 | 0.29 | 0.28 | 0.29 | 0.31 | 0.31 | 0.30 | 0.31 | 0.33 | 0.35 | 0.35 | 0.35 | 0.37 | 0.37 | 0.36 | 0.36 | 0.36 | 0.37 | 0.35 | 0.34 | 0.32 | 0.34 | 0.37 | 0.39 | ||||||||
Home Depot Inc. | 0.96 | 1.01 | 1.11 | 1.11 | 1.04 | 1.04 | 1.08 | 1.07 | 0.95 | 0.93 | 0.94 | 0.95 | 0.91 | 0.88 | 0.85 | 0.84 | 0.80 | 0.76 | 0.77 | 0.77 | 0.73 | 0.69 | 0.65 | 0.65 | 0.62 | 0.59 | 0.55 | ||||||||
Lowe’s Cos. Inc. | 0.84 | 0.83 | 0.93 | 0.91 | 0.88 | 0.87 | 0.84 | 0.82 | 0.74 | 0.73 | 0.73 | 0.74 | 0.74 | 0.74 | 0.74 | 0.71 | 0.70 | 0.70 | 0.68 | 0.62 | 0.60 | 0.57 | 0.55 | 0.53 | 0.51 | 0.47 | 0.47 | ||||||||
Target Corp. | 0.49 | 0.53 | 0.56 | 0.49 | 0.50 | 0.49 | 0.53 | 0.50 | 0.51 | 0.50 | 0.51 | 0.50 | 0.53 | 0.52 | 0.54 | 0.54 | 0.54 | 0.52 | 0.53 | 0.50 | 0.49 | 0.48 | 0.47 | 0.48 | 0.44 | 0.44 | 0.44 | ||||||||
Walmart Inc. | 0.38 | 0.41 | 0.46 | 0.42 | 0.45 | 0.45 | 0.46 | 0.44 | 0.46 | 0.43 | 0.38 | 0.37 | 0.40 | 0.38 | 0.39 | 0.37 | 0.39 | 0.38 | 0.40 | 0.38 | 0.40 | 0.38 | 0.40 | 0.38 | 0.41 | 0.41 | 0.43 |
Based on: 10-Q (filing date: 2020-12-01), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-21), 10-K (filing date: 2020-03-27), 10-Q (filing date: 2019-12-03), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30).
1 Q3 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 6,196,654 ÷ 11,763,410 = 0.53
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 Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Capital (including Operating Lease Liability)
TJX Cos. Inc., debt to capital (including operating lease liability) calculation (quarterly data)
Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
Current portion of long-term debt | 749,446 | 749,209 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Long-term debt, exclusive of current portion | 5,447,208 | 5,445,325 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Total debt | 6,196,654 | 6,194,534 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Current portion of operating lease liabilities | 1,650,154 | 1,591,076 | 1,399,290 | 1,411,216 | 1,412,262 | 1,353,721 | 1,343,243 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Long-term operating lease liabilities, exclusive of current portion | 7,795,838 | 7,875,234 | 7,914,825 | 7,816,633 | 7,822,067 | 7,742,866 | 7,621,531 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Total debt (including operating lease liability) | 15,642,646 | 15,660,844 | 16,506,528 | 11,464,474 | 11,470,202 | 11,331,708 | 11,199,142 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Shareholders’ equity | 5,566,756 | 4,660,569 | 4,739,218 | 5,948,212 | 5,542,532 | 5,302,612 | 5,131,895 | 5,048,606 | 5,256,873 | 5,227,073 | 5,262,408 | 5,148,309 | 4,645,608 | 4,540,804 | 4,553,523 | 4,510,599 | 4,329,811 | 4,451,356 | 4,534,969 | 4,307,075 | 4,350,461 | 4,276,067 | 4,290,290 | 4,264,230 | 4,373,808 | 4,274,652 | 4,283,494 | ||||||||
Total capital (including operating lease liability) | 21,209,402 | 20,321,413 | 21,245,746 | 17,412,686 | 17,012,734 | 16,634,320 | 16,331,037 | 7,282,222 | 7,489,737 | 7,459,185 | 7,493,768 | 7,378,916 | 6,875,463 | 6,769,907 | 6,781,874 | 6,738,198 | 6,556,724 | 6,067,308 | 6,150,446 | 5,931,129 | 5,974,468 | 5,900,026 | 5,914,202 | 5,888,094 | 5,997,625 | 5,898,421 | 5,557,739 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to capital (including operating lease liability)1 | 0.74 | 0.77 | 0.78 | 0.66 | 0.67 | 0.68 | 0.69 | 0.31 | 0.30 | 0.30 | 0.30 | 0.30 | 0.32 | 0.33 | 0.33 | 0.33 | 0.34 | 0.27 | 0.26 | 0.27 | 0.27 | 0.28 | 0.27 | 0.28 | 0.27 | 0.28 | 0.23 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | — | 0.54 | 0.55 | 0.54 | 0.56 | 0.57 | 0.57 | 0.59 | 0.36 | 0.39 | 0.41 | 0.44 | 0.47 | 0.51 | 0.27 | 0.29 | 0.31 | 0.32 | 0.33 | 0.36 | 0.39 | 0.43 | 0.45 | 0.47 | ||||||||
Costco Wholesale Corp. | — | — | 0.41 | 0.36 | 0.41 | 0.33 | 0.37 | 0.31 | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.37 | 0.38 | 0.29 | 0.29 | 0.30 | 0.30 | 0.31 | 0.31 | 0.36 | 0.37 | 0.36 | 0.33 | 0.29 | ||||||||
Dollar General Corp. | 0.66 | 0.64 | 0.64 | 0.64 | 0.63 | 0.62 | 0.62 | 0.31 | 0.31 | 0.30 | 0.31 | 0.33 | 0.35 | 0.35 | 0.35 | 0.37 | 0.37 | 0.36 | 0.36 | 0.36 | 0.37 | 0.35 | 0.34 | 0.32 | 0.34 | 0.37 | 0.39 | ||||||||
Home Depot Inc. | 0.96 | 1.01 | 1.09 | 1.09 | 1.03 | 1.03 | 1.07 | 1.07 | 0.95 | 0.93 | 0.94 | 0.95 | 0.91 | 0.88 | 0.85 | 0.84 | 0.80 | 0.76 | 0.77 | 0.77 | 0.73 | 0.69 | 0.65 | 0.65 | 0.62 | 0.59 | 0.55 | ||||||||
Lowe’s Cos. Inc. | 0.87 | 0.86 | 0.94 | 0.92 | 0.90 | 0.89 | 0.87 | 0.82 | 0.74 | 0.73 | 0.73 | 0.74 | 0.74 | 0.74 | 0.74 | 0.71 | 0.70 | 0.70 | 0.68 | 0.62 | 0.60 | 0.57 | 0.55 | 0.53 | 0.51 | 0.47 | 0.47 | ||||||||
Target Corp. | 0.53 | 0.57 | 0.60 | 0.54 | 0.55 | 0.54 | 0.57 | 0.54 | 0.55 | 0.54 | 0.55 | 0.50 | 0.53 | 0.52 | 0.54 | 0.54 | 0.54 | 0.52 | 0.53 | 0.50 | 0.49 | 0.48 | 0.47 | 0.48 | 0.44 | 0.44 | 0.44 | ||||||||
Walmart Inc. | 0.46 | 0.48 | 0.53 | 0.49 | 0.51 | 0.52 | 0.53 | 0.44 | 0.46 | 0.43 | 0.38 | 0.37 | 0.40 | 0.38 | 0.39 | 0.37 | 0.39 | 0.38 | 0.40 | 0.38 | 0.40 | 0.38 | 0.40 | 0.38 | 0.41 | 0.41 | 0.43 |
Based on: 10-Q (filing date: 2020-12-01), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-21), 10-K (filing date: 2020-03-27), 10-Q (filing date: 2019-12-03), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30).
1 Q3 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 15,642,646 ÷ 21,209,402 = 0.74
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to capital (including operating lease liability) ratio | 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) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Assets
TJX Cos. Inc., debt to assets calculation (quarterly data)
Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
Current portion of long-term debt | 749,446 | 749,209 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Long-term debt, exclusive of current portion | 5,447,208 | 5,445,325 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Total debt | 6,196,654 | 6,194,534 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Total assets | 31,565,500 | 26,568,402 | 25,415,240 | 24,145,003 | 24,288,704 | 22,854,979 | 22,489,064 | 14,326,029 | 15,025,242 | 14,111,428 | 14,007,124 | 14,058,015 | 13,877,695 | 12,935,615 | 12,763,481 | 12,883,808 | 12,866,836 | 11,670,653 | 11,704,722 | 11,499,482 | 11,992,433 | 11,341,042 | 11,365,946 | 11,128,381 | 11,592,048 | 10,921,997 | 10,429,938 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to assets1 | 0.20 | 0.23 | 0.28 | 0.09 | 0.09 | 0.10 | 0.10 | 0.16 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.14 | 0.15 | 0.12 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | — | 0.22 | 0.24 | 0.23 | 0.23 | 0.25 | 0.26 | 0.27 | 0.15 | 0.17 | 0.18 | 0.20 | 0.19 | 0.22 | 0.10 | 0.11 | 0.10 | 0.12 | 0.13 | 0.14 | 0.13 | 0.17 | 0.18 | 0.19 | ||||||||
Costco Wholesale Corp. | — | — | 0.13 | 0.14 | 0.18 | 0.11 | 0.13 | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | 0.11 | 0.14 | 0.14 | 0.16 | 0.15 | 0.15 | 0.17 | 0.18 | 0.18 | 0.15 | 0.15 | ||||||||
Dollar General Corp. | 0.16 | 0.16 | 0.16 | 0.13 | 0.12 | 0.12 | 0.13 | 0.22 | 0.22 | 0.21 | 0.23 | 0.24 | 0.25 | 0.25 | 0.26 | 0.28 | 0.27 | 0.26 | 0.26 | 0.26 | 0.28 | 0.26 | 0.25 | 0.24 | 0.25 | 0.28 | 0.29 | ||||||||
Home Depot Inc. | 0.53 | 0.55 | 0.61 | 0.61 | 0.56 | 0.55 | 0.55 | 0.66 | 0.57 | 0.55 | 0.55 | 0.61 | 0.57 | 0.54 | 0.51 | 0.55 | 0.51 | 0.47 | 0.47 | 0.50 | 0.47 | 0.44 | 0.40 | 0.43 | 0.40 | 0.38 | 0.35 | ||||||||
Lowe’s Cos. Inc. | 0.43 | 0.42 | 0.48 | 0.49 | 0.45 | 0.43 | 0.41 | 0.47 | 0.42 | 0.43 | 0.41 | 0.48 | 0.44 | 0.44 | 0.43 | 0.46 | 0.43 | 0.43 | 0.41 | 0.40 | 0.37 | 0.35 | 0.33 | 0.36 | 0.33 | 0.31 | 0.30 | ||||||||
Target Corp. | 0.25 | 0.30 | 0.32 | 0.27 | 0.27 | 0.28 | 0.31 | 0.27 | 0.27 | 0.28 | 0.29 | 0.30 | 0.31 | 0.33 | 0.34 | 0.34 | 0.33 | 0.34 | 0.36 | 0.32 | 0.31 | 0.32 | 0.32 | 0.31 | 0.28 | 0.29 | 0.29 | ||||||||
Walmart Inc. | 0.20 | 0.22 | 0.25 | 0.23 | 0.24 | 0.24 | 0.25 | 0.26 | 0.27 | 0.26 | 0.23 | 0.23 | 0.24 | 0.24 | 0.23 | 0.23 | 0.24 | 0.24 | 0.25 | 0.25 | 0.26 | 0.25 | 0.25 | 0.25 | 0.27 | 0.27 | 0.27 |
Based on: 10-Q (filing date: 2020-12-01), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-21), 10-K (filing date: 2020-03-27), 10-Q (filing date: 2019-12-03), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30).
1 Q3 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 6,196,654 ÷ 31,565,500 = 0.20
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 Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Assets (including Operating Lease Liability)
TJX Cos. Inc., debt to assets (including operating lease liability) calculation (quarterly data)
Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
Current portion of long-term debt | 749,446 | 749,209 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Long-term debt, exclusive of current portion | 5,447,208 | 5,445,325 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Total debt | 6,196,654 | 6,194,534 | 7,192,413 | 2,236,625 | 2,235,873 | 2,235,121 | 2,234,368 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Current portion of operating lease liabilities | 1,650,154 | 1,591,076 | 1,399,290 | 1,411,216 | 1,412,262 | 1,353,721 | 1,343,243 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Long-term operating lease liabilities, exclusive of current portion | 7,795,838 | 7,875,234 | 7,914,825 | 7,816,633 | 7,822,067 | 7,742,866 | 7,621,531 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Total debt (including operating lease liability) | 15,642,646 | 15,660,844 | 16,506,528 | 11,464,474 | 11,470,202 | 11,331,708 | 11,199,142 | 2,233,616 | 2,232,864 | 2,232,112 | 2,231,360 | 2,230,607 | 2,229,855 | 2,229,103 | 2,228,351 | 2,227,599 | 2,226,913 | 1,615,952 | 1,615,477 | 1,624,054 | 1,624,007 | 1,623,959 | 1,623,912 | 1,623,864 | 1,623,817 | 1,623,769 | 1,274,245 | ||||||||
Total assets | 31,565,500 | 26,568,402 | 25,415,240 | 24,145,003 | 24,288,704 | 22,854,979 | 22,489,064 | 14,326,029 | 15,025,242 | 14,111,428 | 14,007,124 | 14,058,015 | 13,877,695 | 12,935,615 | 12,763,481 | 12,883,808 | 12,866,836 | 11,670,653 | 11,704,722 | 11,499,482 | 11,992,433 | 11,341,042 | 11,365,946 | 11,128,381 | 11,592,048 | 10,921,997 | 10,429,938 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to assets (including operating lease liability)1 | 0.50 | 0.59 | 0.65 | 0.47 | 0.47 | 0.50 | 0.50 | 0.16 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.14 | 0.15 | 0.12 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | — | 0.34 | 0.35 | 0.35 | 0.34 | 0.37 | 0.37 | 0.39 | 0.15 | 0.17 | 0.18 | 0.20 | 0.19 | 0.22 | 0.10 | 0.11 | 0.10 | 0.12 | 0.13 | 0.14 | 0.13 | 0.17 | 0.18 | 0.19 | ||||||||
Costco Wholesale Corp. | — | — | 0.17 | 0.18 | 0.22 | 0.16 | 0.18 | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | 0.11 | 0.14 | 0.14 | 0.16 | 0.15 | 0.15 | 0.17 | 0.18 | 0.18 | 0.15 | 0.15 | ||||||||
Dollar General Corp. | 0.51 | 0.51 | 0.52 | 0.51 | 0.51 | 0.50 | 0.51 | 0.22 | 0.22 | 0.21 | 0.23 | 0.24 | 0.25 | 0.25 | 0.26 | 0.28 | 0.27 | 0.26 | 0.26 | 0.26 | 0.28 | 0.26 | 0.25 | 0.24 | 0.25 | 0.28 | 0.29 | ||||||||
Home Depot Inc. | 0.61 | 0.64 | 0.71 | 0.73 | 0.67 | 0.66 | 0.66 | 0.66 | 0.57 | 0.55 | 0.55 | 0.61 | 0.57 | 0.54 | 0.51 | 0.55 | 0.51 | 0.47 | 0.47 | 0.50 | 0.47 | 0.44 | 0.40 | 0.43 | 0.40 | 0.38 | 0.35 | ||||||||
Lowe’s Cos. Inc. | 0.52 | 0.51 | 0.57 | 0.60 | 0.56 | 0.54 | 0.51 | 0.47 | 0.42 | 0.43 | 0.41 | 0.48 | 0.44 | 0.44 | 0.43 | 0.46 | 0.43 | 0.43 | 0.41 | 0.40 | 0.37 | 0.35 | 0.33 | 0.36 | 0.33 | 0.31 | 0.30 | ||||||||
Target Corp. | 0.29 | 0.34 | 0.37 | 0.32 | 0.32 | 0.33 | 0.36 | 0.32 | 0.31 | 0.33 | 0.34 | 0.30 | 0.31 | 0.33 | 0.34 | 0.34 | 0.33 | 0.34 | 0.36 | 0.32 | 0.31 | 0.32 | 0.32 | 0.31 | 0.28 | 0.29 | 0.29 | ||||||||
Walmart Inc. | 0.27 | 0.29 | 0.32 | 0.31 | 0.32 | 0.32 | 0.32 | 0.26 | 0.27 | 0.26 | 0.23 | 0.23 | 0.24 | 0.24 | 0.23 | 0.23 | 0.24 | 0.24 | 0.25 | 0.25 | 0.26 | 0.25 | 0.25 | 0.25 | 0.27 | 0.27 | 0.27 |
Based on: 10-Q (filing date: 2020-12-01), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-21), 10-K (filing date: 2020-03-27), 10-Q (filing date: 2019-12-03), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30).
1 Q3 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 15,642,646 ÷ 31,565,500 = 0.50
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to assets (including operating lease liability) ratio | 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) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Financial Leverage
TJX Cos. Inc., financial leverage calculation (quarterly data)
Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | |||||||||
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Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
Total assets | 31,565,500 | 26,568,402 | 25,415,240 | 24,145,003 | 24,288,704 | 22,854,979 | 22,489,064 | 14,326,029 | 15,025,242 | 14,111,428 | 14,007,124 | 14,058,015 | 13,877,695 | 12,935,615 | 12,763,481 | 12,883,808 | 12,866,836 | 11,670,653 | 11,704,722 | 11,499,482 | 11,992,433 | 11,341,042 | 11,365,946 | 11,128,381 | 11,592,048 | 10,921,997 | 10,429,938 | ||||||||
Shareholders’ equity | 5,566,756 | 4,660,569 | 4,739,218 | 5,948,212 | 5,542,532 | 5,302,612 | 5,131,895 | 5,048,606 | 5,256,873 | 5,227,073 | 5,262,408 | 5,148,309 | 4,645,608 | 4,540,804 | 4,553,523 | 4,510,599 | 4,329,811 | 4,451,356 | 4,534,969 | 4,307,075 | 4,350,461 | 4,276,067 | 4,290,290 | 4,264,230 | 4,373,808 | 4,274,652 | 4,283,494 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Financial leverage1 | 5.67 | 5.70 | 5.36 | 4.06 | 4.38 | 4.31 | 4.38 | 2.84 | 2.86 | 2.70 | 2.66 | 2.73 | 2.99 | 2.85 | 2.80 | 2.86 | 2.97 | 2.62 | 2.58 | 2.67 | 2.76 | 2.65 | 2.65 | 2.61 | 2.65 | 2.56 | 2.43 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | — | 3.41 | 3.50 | 3.39 | 3.63 | 3.52 | 3.61 | 3.68 | 3.73 | 3.67 | 3.83 | 4.02 | 4.74 | 4.67 | 3.78 | 3.74 | 4.32 | 3.99 | 3.93 | 4.14 | 4.89 | 4.52 | 4.46 | 4.61 | ||||||||
Costco Wholesale Corp. | — | — | 4.05 | 3.04 | 3.08 | 2.94 | 3.24 | 2.98 | 3.02 | 3.09 | 3.33 | 3.19 | 3.26 | 3.29 | 3.55 | 3.37 | 3.60 | 2.86 | 3.05 | 2.75 | 2.94 | 2.94 | 3.27 | 3.15 | 3.16 | 3.29 | 2.80 | ||||||||
Dollar General Corp. | 3.74 | 3.51 | 3.45 | 3.41 | 3.37 | 3.25 | 3.24 | 2.06 | 2.06 | 2.03 | 2.00 | 2.04 | 2.15 | 2.13 | 2.13 | 2.16 | 2.22 | 2.15 | 2.10 | 2.09 | 2.11 | 2.07 | 2.03 | 1.97 | 2.04 | 2.12 | 2.19 | ||||||||
Home Depot Inc. | 43.60 | — | — | — | — | — | — | — | 34.24 | 23.01 | 27.65 | 30.63 | 17.70 | 12.93 | 11.34 | 9.92 | 7.92 | 6.65 | 7.04 | 6.74 | 5.79 | 5.07 | 4.62 | 4.29 | 4.11 | 3.79 | 3.51 | ||||||||
Lowe’s Cos. Inc. | 12.49 | 11.88 | 26.71 | 20.02 | 16.18 | 15.41 | 13.36 | 9.47 | 6.81 | 6.42 | 6.66 | 6.01 | 6.41 | 6.62 | 6.80 | 5.35 | 5.36 | 5.28 | 5.15 | 4.08 | 4.02 | 3.77 | 3.63 | 3.19 | 3.17 | 2.95 | 2.98 | ||||||||
Target Corp. | 3.80 | 3.82 | 4.01 | 3.62 | 3.79 | 3.51 | 3.65 | 3.65 | 3.93 | 3.58 | 3.49 | 3.33 | 3.66 | 3.37 | 3.38 | 3.42 | 3.49 | 3.22 | 3.18 | 3.11 | 3.15 | 2.90 | 2.85 | 2.96 | 2.84 | 2.71 | 2.67 | ||||||||
Walmart Inc. | 3.08 | 3.15 | 3.41 | 3.17 | 3.35 | 3.34 | 3.44 | 3.02 | 3.15 | 2.89 | 2.71 | 2.63 | 2.75 | 2.64 | 2.71 | 2.56 | 2.66 | 2.59 | 2.64 | 2.48 | 2.58 | 2.52 | 2.62 | 2.50 | 2.63 | 2.62 | 2.77 |
Based on: 10-Q (filing date: 2020-12-01), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-21), 10-K (filing date: 2020-03-27), 10-Q (filing date: 2019-12-03), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30).
1 Q3 2021 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 31,565,500 ÷ 5,566,756 = 5.67
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 Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021. |