Total Debt (Carrying Amount)
Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).
Debt item | Description | The company |
---|---|---|
Total long-term debt, inclusive of current maturities (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | TJX Cos. Inc. total debt decreased from 2023 to 2024 but then slightly increased from 2024 to 2025. |
Total Debt (Fair Value)
Feb 1, 2025 | |
---|---|
Selected Financial Data (US$ in millions) | |
Current maturities of long-term debt | —) |
Long-term debt, exclusive of current maturities | 2,634) |
Total long-term debt, inclusive of current maturities (fair value) | 2,634) |
Financial Ratio | |
Debt, fair value to carrying amount ratio | 0.92 |
Based on: 10-K (reporting date: 2025-02-01).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 2.56%
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
2.32% | 998) | 23) | |
1.18% | 500) | 6) | |
3.89% | 496) | 19) | |
1.61% | 500) | 8) | |
4.52% | 383) | 17) | |
Total | 2,877) | 74) | |
2.56% |
Based on: 10-K (reporting date: 2025-02-01).
1 US$ in millions
2 Weighted-average interest rate = 100 × 74 ÷ 2,877 = 2.56%
Interest Costs Incurred
Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).
Debt item | Description | The company |
---|---|---|
Interest expense, excluding capitalized interest | Amount of the cost of borrowed funds accounted for as interest expense for debt. | TJX Cos. Inc. interest expense, excluding capitalized interest decreased from 2023 to 2024 and from 2024 to 2025. |
Capitalized interest | Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. | TJX Cos. Inc. capitalized interest decreased from 2023 to 2024 and from 2024 to 2025. |
Interest expense | Total interest costs incurred during the period and either capitalized or charged against earnings. | TJX Cos. Inc. interest expense decreased from 2023 to 2024 and from 2024 to 2025. |
Adjusted Interest Coverage Ratio
Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).
2025 Calculations
1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense, excluding capitalized interest
= 6,559 ÷ 76 = 86.30
2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest expense
= 6,559 ÷ 78 = 84.09
Solvency ratio | Description | The company |
---|---|---|
Adjusted interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). | TJX Cos. Inc. adjusted interest coverage ratio improved from 2023 to 2024 and from 2024 to 2025. |