TJX (FRA:TJX) Debt-to-Equity : 1.72 (As of Jan. 2024)

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What is TJX Debt-to-Equity?

TJX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €1,487 Mil. TJX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €10,026 Mil. TJX's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €6,703 Mil. TJX's debt to equity for the quarter that ended in Jan. 2024 was 1.72.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for TJX's Debt-to-Equity or its related term are showing as below:

FRA:TJX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 1.13 Max: 2.66
Current: 1.72

During the past 13 years, the highest Debt-to-Equity Ratio of TJX was 2.66. The lowest was 0.40. And the median was 1.13.

FRA:TJX's Debt-to-Equity is ranked worse than
83.27% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs FRA:TJX: 1.72

TJX Debt-to-Equity Historical Data

The historical data trend for TJX's Debt-to-Equity 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.

* Premium members only.

TJX Debt-to-Equity Chart

TJX Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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1.93

2.66

2.08

2.00

1.72

TJX Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															2.00	2.00	1.90	1.83	1.72

Competitive Comparison of TJX's Debt-to-Equity

For the Apparel Retail subindustry, TJX's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TJX's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where TJX's Debt-to-Equity falls into.

TJX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TJX's Debt to Equity Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1487.16	+	10026.396)	/	6703.236
	=	1.72

TJX's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1487.16	+	10026.396)	/	6703.236
	=	1.72

TJX (FRA:TJX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

TJX Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of TJX's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

TJX (FRA:TJX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TJX Companies Inc (FRA:TJX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TJX:USA TJX:Mexico 1TJX:Italy TJXd:UK 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 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.