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TJX Companies Inc (NYSE:TJX)
Interest Expense
$-61 Mil (TTM As of Jul. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TJX Companies Inc's interest expense for the three months ended in Jul. 2016 was $-15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2016 was $-61 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense. TJX Companies Inc's Operating Income for the three months ended in Jul. 2016 was $926 Mil. TJX Companies Inc's Interest Expense for the three months ended in Jul. 2016 was $-15 Mil. TJX Companies Inc's interest coverage for the quarter that ended in Jul. 2016 was 63.61. The higher the ratio, the stronger the company’s financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

TJX Companies Inc Interest Expense for the trailing twelve months (TTM) ended in Jul. 2016 was -15.916 (Oct. 2015 ) + -15.12 (Jan. 2016 ) + -14.986 (Apr. 2016 ) + -14.556 (Jul. 2016 ) = $-61 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TJX Companies Inc's interest expense for the three months ended in Jul. 2016 was $-15 Mil. Its operating income for the three months ended in Jul. 2016 was $926 Mil. And its Long-Term Debt for the three months ended in Jul. 2016 was $1,616 Mil.

TJX Companies Inc's Interest Coverage for the quarter that ended in Jul. 2016 is calculated as

Interest Coverage=-1*Operating Income (Q: Jul. 2016 )/Interest Expense (Q: Jul. 2016 )
=-1*925.844/-14.556
=63.61

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

The higher the ratio, the stronger the company’s financial strength is.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

TJX Companies Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
Interest Expense -16-39-38-49-49-47-41-46-55-60

TJX Companies Inc Quarterly Data

Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
Interest Expense -13-15-14-14-15-14-16-15-15-15
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