TJX Companies Balance Sheet Health
Financial Health criteria checks 6/6
TJX Companies has a total shareholder equity of $7.3B and total debt of $2.9B, which brings its debt-to-equity ratio to 39.2%. Its total assets and total liabilities are $29.7B and $22.4B respectively. TJX Companies's EBIT is $5.8B making its interest coverage ratio -34.1. It has cash and short-term investments of $5.6B.
Key information
39.2%
Debt to equity ratio
US$2.86b
Debt
Interest coverage ratio | -34.1x |
Cash | US$5.60b |
Equity | US$7.30b |
Total liabilities | US$22.45b |
Total assets | US$29.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LCE's short term assets ($12.7B) exceed its short term liabilities ($10.5B).
Long Term Liabilities: 0LCE's short term assets ($12.7B) exceed its long term liabilities ($12.0B).
Debt to Equity History and Analysis
Debt Level: 0LCE has more cash than its total debt.
Reducing Debt: 0LCE's debt to equity ratio has reduced from 44.5% to 39.2% over the past 5 years.
Debt Coverage: 0LCE's debt is well covered by operating cash flow (211.6%).
Interest Coverage: 0LCE earns more interest than it pays, so coverage of interest payments is not a concern.