TJX (WBO:TJXC) Effective Interest Rate on Debt % : 0.63% (As of Jul. 2024)

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What is TJX Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. TJX's annualized positive value of Interest Expense for the quarter that ended in Jul. 2024 was €74 Mil. TJX's average total debt for the quarter that ended in Jul. 2024 was €11,723 Mil. Therefore, TJX's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 was 0.63%.

TJX Effective Interest Rate on Debt % Historical Data

The historical data trend for TJX's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TJX Effective Interest Rate on Debt % Chart

TJX Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Effective Interest Rate on Debt %

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0.85

1.38

0.88

0.68

0.62

TJX Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.60	0.62	0.60	0.61	0.63

Competitive Comparison of TJX's Effective Interest Rate on Debt %

For the Apparel Retail subindustry, TJX's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TJX's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TJX's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where TJX's Effective Interest Rate on Debt % falls into.

TJX Effective Interest Rate on Debt % Calculation

TJX's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2023 )	+	Total Debt (A: Jan. 2024 ))	/ count )
=	-1 * -72.522	/	( (11826.432	+	11513.556)	/ 2 )
=	-1 * -72.522	/	11669.994
=	0.62 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9868.352	+	1958.08
=	11826.432

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10026.396	+	1487.16
=	11513.556

TJX's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2024 )	+	Total Debt (Q: Jul. 2024 ))	/ count )
=	-1 * -73.76	/	( (11782.344	+	11664.222)	/ 2 )
=	-1 * -73.76	/	11723.283
=	0.63 %

where

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10277.164	+	1505.18
=	11782.344

	Total Debt (Q: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10169.66	+	1494.562
=	11664.222

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jul. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

TJX (WBO:TJXC) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

TJX Effective Interest Rate on Debt % Related Terms

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TJX Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TJX Companies Inc (WBO:TJXC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TJX:USA TJX:Mexico TJXd:UK 0LCE:UK TJX:Germany TJX:Germany TJX:Germany TJXC34:Brazil

Address

770 Cochituate Road, Framingham, MA, USA, 01701

Website

https://www.tjx.com

TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 5,000 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.

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