Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. TJX's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.45.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, TJX couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.
The historical rank and industry rank for TJX's Cash-to-Debt or its related term are showing as below:
TJX'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.95 Max: 1.65
Current: 0.45
During the past 13 years, TJX's highest Cash to Debt Ratio was 1.65. The lowest was 0.28. And the median was 0.95.
TJX Cash-to-Debt Historical Data
The historical data trend for TJX's Cash-to-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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
|
TJX Annual Data
|
|
Trend |
Jan15 |
Jan16 |
Jan17 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
Jan24 |
| Cash-to-Debt |
|
|
|
|
|
|
0.28 |
0.68 |
0.50 |
0.43 |
0.45 |
|
TJX Quarterly Data
|
|
Apr19 |
Jul19 |
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.43 |
0.39 |
0.36 |
0.34 |
0.45 |
Competitive Comparison
For the Apparel Retail subindustry, TJX's Cash-to-Debt, along with its competitors' market caps and Cash-to-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 Cash-to-Debt Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, TJX's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where TJX's Cash-to-Debt falls into.
TJX Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
TJX's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:
TJX's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:
* 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.
TJX (TJX) Business Description
Traded in Other Exchanges
Address
770 Cochituate Road, Framingham, MA, USA, 01701
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 4,900 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.
Executives
| Ernie Herrman |
officer: SEVP, President, Marmaxx |
770 COCHITUATE ROAD, FRAMINGHAM MA 01701 |
| Wagner Charles F Jr |
director |
C/O MILLIPORE CORP, BILLERICA MA 01820 |
| Carol Meyrowitz |
officer: President -- Marmaxx Group |
TJX COMPANIES INC, 770 COCHITUATE RD, FRAMINGHAM MA 01701 |
| Kenneth Canestrari |
officer: SEVP - Group President |
THE TJX COMPANIES, INC., 770 COCHITUATE ROAD, FRAMINGHAM MA 01701 |
| Scott Goldenberg |
officer: EVP, CFO |
THE TJX COMPANIES, INC., 770 COCHITUATE ROAD, FRAMINGHAM MA 01701 |
| John Klinger |
officer: EVP, CFO |
C/O THE TJX COMPANIES, INC., 770 COCHITUATE ROAD, FRAMINGHAM MA 01701 |
| Louise Greenlees |
officer: SEVP - Group President |
C/O THE TJX COMPANIES, INC., 770 COCHITUATE ROAD, FRAMINGHAM MA 01701 |
| Amy B Lane |
director |
1626 EAST JEFFERSON ST, ROCKVILLE MD 20852 |
| Richard Sherr |
officer: SEVP, Group President |
THE TJX COMPANIES, INC., 770 COCHITUATE ROAD, FRAMINGHAM MA 01701 |
| C Kim Goodwin |
director |
C/O AKAMAI TECHNOLOGIES, INC., 8 CAMBRIDGE CENTER, CAMBRIDGE MA 02142 |
| Zein Abdalla |
director |
700 ANDERSON HILL ROAD, LEGAL DEPARTMENT, 1/2, PURCHASE NY 10577 |
| Michael F Hines |
director |
|
| Rosemary T Berkery |
director |
MERRILL LYNCH CORPORATE SECRETARY, 222 BROADWAY, 17TH FLOOR, NEW YORK NY 10038 |
| David T Ching |
director |
C/O SAFEWAY INC, 5918 STONERIDGE MALL ROAD, PLEASANTON CA 94588 |
| Douglas W. Mizzi |
officer: SEVP - Group President |
THE TJX COMPANIES, INC., 770 COCHITUATE ROAD, FRAMINGHAM MA 01701 |
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