Analysis of Debt
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TJX Cos. Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Total Debt (Carrying Amount)
TJX Cos. Inc., balance sheet: debt
US$ in millions
Based on: 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), 10-K (reporting date: 2019-02-02).
| 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 increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |
Total Debt (Fair Value)
| Feb 3, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Current maturities of long-term debt | |
| Long-term debt, exclusive of current maturities | |
| Total long-term debt, inclusive of current maturities (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2024-02-03).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2024-02-03).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =
Interest Costs Incurred
TJX Cos. Inc., interest costs incurred
US$ in millions
| 12 months ended: | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest expense, excluding capitalized interest | |||||||||||||
| Capitalized interest | |||||||||||||
| Interest expense |
Based on: 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), 10-K (reporting date: 2019-02-02).
| 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 2022 to 2023 and from 2023 to 2024. |
| Capitalized interest | Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. | TJX Cos. Inc. capitalized interest increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |
| Interest expense | Total interest costs incurred during the period and either capitalized or charged against earnings. | TJX Cos. Inc. interest expense decreased from 2022 to 2023 and from 2023 to 2024. |
Adjusted Interest Coverage Ratio
Based on: 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), 10-K (reporting date: 2019-02-02).
2024 Calculations
1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense, excluding capitalized interest
= ÷ =
2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest expense
= ÷ =
| 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 2022 to 2023 and from 2023 to 2024. |