Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

TJX Cos. Inc., liquidity ratios

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Current ratio 1.18 1.21 1.21 1.27 1.46 1.24
Quick ratio 0.53 0.59 0.59 0.64 1.01 0.50
Cash ratio 0.48 0.54 0.53 0.59 0.97 0.45

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. TJX Cos. Inc. current ratio improved from 2023 to 2024 but then deteriorated significantly from 2024 to 2025.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. TJX Cos. Inc. quick ratio improved from 2023 to 2024 but then deteriorated significantly from 2024 to 2025.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. TJX Cos. Inc. cash ratio improved from 2023 to 2024 but then deteriorated significantly from 2024 to 2025.

Current Ratio

TJX Cos. Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Selected Financial Data (US$ in millions)
Current assets 12,991 12,664 12,456 13,259 15,739 8,891
Current liabilities 11,008 10,451 10,305 10,468 10,804 7,150
Liquidity Ratio
Current ratio1 1.18 1.21 1.21 1.27 1.46 1.24
Benchmarks
Current Ratio, Competitors2
Amazon.com Inc. 1.06 1.05 0.94 1.14 1.05
Home Depot Inc. 1.11 1.35 1.41 1.01 1.23 1.08
Lowe’s Cos. Inc. 1.09 1.23 1.10 1.02 1.19 1.01
Current Ratio, Sector
Consumer Discretionary Distribution & Retail 1.11 1.10 0.98 1.17 1.06
Current Ratio, Industry
Consumer Discretionary 1.22 1.20 1.15 1.25 1.18

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).

1 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,991 ÷ 11,008 = 1.18

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. TJX Cos. Inc. current ratio improved from 2023 to 2024 but then deteriorated significantly from 2024 to 2025.

Quick Ratio

TJX Cos. Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Selected Financial Data (US$ in millions)
Cash and cash equivalents 5,335 5,600 5,477 6,227 10,470 3,217
Accounts receivable, net 549 529 563 518 461 386
Total quick assets 5,884 6,129 6,040 6,744 10,931 3,603
 
Current liabilities 11,008 10,451 10,305 10,468 10,804 7,150
Liquidity Ratio
Quick ratio1 0.53 0.59 0.59 0.64 1.01 0.50
Benchmarks
Quick Ratio, Competitors2
Amazon.com Inc. 0.84 0.81 0.69 0.86 0.83
Home Depot Inc. 0.23 0.32 0.26 0.20 0.47 0.23
Lowe’s Cos. Inc. 0.11 0.08 0.09 0.07 0.28 0.06
Quick Ratio, Sector
Consumer Discretionary Distribution & Retail 0.73 0.68 0.57 0.77 0.68
Quick Ratio, Industry
Consumer Discretionary 0.90 0.85 0.81 0.92 0.88

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).

1 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 5,884 ÷ 11,008 = 0.53

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. TJX Cos. Inc. quick ratio improved from 2023 to 2024 but then deteriorated significantly from 2024 to 2025.

Cash Ratio

TJX Cos. Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Selected Financial Data (US$ in millions)
Cash and cash equivalents 5,335 5,600 5,477 6,227 10,470 3,217
Total cash assets 5,335 5,600 5,477 6,227 10,470 3,217
 
Current liabilities 11,008 10,451 10,305 10,468 10,804 7,150
Liquidity Ratio
Cash ratio1 0.48 0.54 0.53 0.59 0.97 0.45
Benchmarks
Cash Ratio, Competitors2
Amazon.com Inc. 0.56 0.53 0.45 0.68 0.67
Home Depot Inc. 0.06 0.17 0.12 0.08 0.34 0.12
Lowe’s Cos. Inc. 0.11 0.08 0.09 0.07 0.28 0.06
Cash Ratio, Sector
Consumer Discretionary Distribution & Retail 0.49 0.44 0.37 0.61 0.54
Cash Ratio, Industry
Consumer Discretionary 0.51 0.48 0.47 0.63 0.58

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).

1 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,335 ÷ 11,008 = 0.48

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. TJX Cos. Inc. cash ratio improved from 2023 to 2024 but then deteriorated significantly from 2024 to 2025.