Switch to:
TJX Companies Inc (NYSE:TJX)
Long-Term Debt to Total Assets
0.17 (As of Oct. 2016)

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's long-term debt divide by its total assets. TJX Companies Inc's long-term debt to total assests ratio for the quarter that ended in Oct. 2016 was 0.17.

TJX Companies Inc's long-term debt to total assets ratio increased from Oct. 2015 (0.14) to Oct. 2016 (0.17). It may suggest that TJX Companies Inc is progressively becoming more dependent on debt to grow their business.


Definition

TJX Companies Inc's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2016 is calculated as

LT Debt to Total Assets (A: Jan. 2016 )=Long-Term Debt (A: Jan. 2016 )/Total Assets (A: Jan. 2016 )
=1615.003/11490.431
=0.14

TJX Companies Inc's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2016 is calculated as

LT Debt to Total Assets (Q: Oct. 2016 )=Long-Term Debt (Q: Oct. 2016 )/Total Assets (Q: Oct. 2016 )
=2226.913/12866.836
=0.17

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.


Related Terms

Long-Term Debt, Total Assets


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

TJX Companies Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
ltd2asset 0.130.130.060.110.100.100.080.130.150.14

TJX Companies Inc Quarterly Data

Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16
ltd2asset 0.150.140.150.140.140.140.140.140.140.17
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK