TJX (FRA:TJX) Interest Expense : €-73 Mil (TTM As of Jan. 2024)

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What is TJX Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TJX's interest expense for the three months ended in Jan. 2024 was € -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was €-73 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. TJX's Operating Income for the three months ended in Jan. 2024 was € 1,642 Mil. TJX's Interest Expense for the three months ended in Jan. 2024 was € -17 Mil. TJX's Interest Coverage for the quarter that ended in Jan. 2024 was 94.16. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TJX Interest Expense Historical Data

The historical data trend for TJX's Interest Expense 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.

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TJX Interest Expense Chart

TJX Annual Data

Trend

Jan15

Jan16

Jan17

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Jan24

Interest Expense

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-53.24

-159.27

-105.20

-77.95

-72.52

TJX Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-18.56	-20.06	-17.18	-17.99	-17.44

TJX Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-73 Mil.

TJX (FRA:TJX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TJX's Interest Expense for the three months ended in Jan. 2024 was €-17 Mil. Its Operating Income for the three months ended in Jan. 2024 was €1,642 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was €10,026 Mil.

TJX's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	1642.302	/	-17.442
	=	94.16

The higher the ratio, the stronger the company's financial strength is.

TJX (FRA:TJX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TJX Companies Inc (FRA:TJX) » Definitions » Interest Expense

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.