T.J. Good Will vs Long Term Debt Analysis

TJX Stock

USD 126.36 0.16 0.13%

T.J. Maxx financial indicator trend analysis is much more than just breaking down TJX Companies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TJX Companies is a good investment. Please check the relationship between T.J. Maxx Good Will and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The TJX Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Good Will vs Long Term Debt

Good Will vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TJX Companies Good Will account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between T.J. Maxx's Good Will and Long Term Debt is -0.45. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of The TJX Companies, assuming nothing else is changed. The correlation between historical values of T.J. Maxx's Good Will and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of The TJX Companies are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Good Will i.e., T.J. Maxx's Good Will and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.45

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Long Term Debt

Long-term debt is a debt that TJX Companies has held for over one year. Long-term debt appears on The TJX Companies balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on The TJX Companies balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from T.J. Maxx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TJX Companies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The TJX Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

At this time, T.J. Maxx's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 13.7 B in 2024, whereas Discontinued Operations is likely to drop slightly above 2.9 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	48.5B	49.9B	54.2B	56.9B
Depreciation And Amortization	868.0M	887M	964M	1.0B

Total Revenue Depreciation And Amortization

T.J. Maxx fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock Total Equity	Property Plant And Equipment Gross	Common Stock
Total Assets		0.97	0.73	0.99	0.91	0.98	0.89	0.88	0.89	0.98	0.98	0.87	0.16	-0.63	0.98	0.9	0.63	0.64	1.0	0.96	0.73	0.96	0.32	0.91	0.92	0.72
Short Long Term Debt Total	0.97		0.67	0.95	0.81	0.97	0.92	0.79	0.89	0.97	0.95	0.88	0.07	-0.66	0.99	0.8	0.52	0.58	0.98	0.92	0.74	0.91	0.35	0.8	0.89	0.64
Other Current Liab	0.73	0.67		0.78	0.73	0.62	0.44	0.74	0.74	0.63	0.69	0.75	0.24	-0.53	0.65	0.77	0.74	0.4	0.71	0.83	0.57	0.83	0.37	0.67	0.61	0.52
Total Current Liabilities	0.99	0.95	0.78		0.91	0.96	0.85	0.88	0.9	0.96	0.96	0.89	0.16	-0.62	0.96	0.91	0.66	0.65	0.99	0.98	0.74	0.98	0.31	0.9	0.9	0.72
Total Stockholder Equity	0.91	0.81	0.73	0.91		0.87	0.72	0.99	0.72	0.88	0.88	0.73	0.43	-0.52	0.83	0.97	0.8	0.64	0.87	0.9	0.76	0.88	0.21	0.92	0.86	0.71
Property Plant And Equipment Net	0.98	0.97	0.62	0.96	0.87		0.96	0.84	0.81	1.0	0.96	0.79	0.09	-0.61	0.98	0.87	0.54	0.68	0.98	0.89	0.7	0.89	0.32	0.89	0.95	0.68
Net Debt	0.89	0.92	0.44	0.85	0.72	0.96		0.69	0.68	0.95	0.88	0.65	-0.05	-0.59	0.94	0.74	0.35	0.65	0.91	0.74	0.61	0.75	0.34	0.77	0.9	0.57
Retained Earnings	0.88	0.79	0.74	0.88	0.99	0.84	0.69		0.67	0.85	0.83	0.68	0.45	-0.53	0.79	0.96	0.81	0.63	0.83	0.87	0.79	0.84	0.18	0.87	0.83	0.65
Cash	0.89	0.89	0.74	0.9	0.72	0.81	0.68	0.67		0.81	0.87	1.0	0.06	-0.57	0.89	0.68	0.53	0.41	0.9	0.94	0.62	0.94	0.28	0.74	0.72	0.66
Non Current Assets Total	0.98	0.97	0.63	0.96	0.88	1.0	0.95	0.85	0.81		0.97	0.79	0.1	-0.61	0.98	0.88	0.55	0.68	0.98	0.9	0.71	0.89	0.32	0.89	0.95	0.68
Non Currrent Assets Other	0.98	0.95	0.69	0.96	0.88	0.96	0.88	0.83	0.87	0.97		0.86	0.21	-0.64	0.97	0.87	0.66	0.58	0.98	0.94	0.63	0.93	0.41	0.91	0.9	0.75
Cash And Short Term Investments	0.87	0.88	0.75	0.89	0.73	0.79	0.65	0.68	1.0	0.79	0.86		0.09	-0.57	0.87	0.68	0.55	0.39	0.88	0.94	0.64	0.94	0.26	0.72	0.7	0.64
Net Receivables	0.16	0.07	0.24	0.16	0.43	0.09	-0.05	0.45	0.06	0.1	0.21	0.09		-0.42	0.06	0.41	0.71	-0.14	0.1	0.26	0.19	0.22	0.14	0.28	-0.02	0.52
Common Stock Shares Outstanding	-0.63	-0.66	-0.53	-0.62	-0.52	-0.61	-0.59	-0.53	-0.57	-0.61	-0.64	-0.57	-0.42		-0.64	-0.56	-0.43	-0.23	-0.64	-0.61	-0.46	-0.61	-0.36	-0.5	-0.47	-0.69
Non Current Liabilities Total	0.98	0.99	0.65	0.96	0.83	0.98	0.94	0.79	0.89	0.98	0.97	0.87	0.06	-0.64		0.82	0.52	0.59	0.99	0.92	0.68	0.92	0.35	0.85	0.91	0.69
Inventory	0.9	0.8	0.77	0.91	0.97	0.87	0.74	0.96	0.68	0.88	0.87	0.68	0.41	-0.56	0.82		0.81	0.63	0.87	0.89	0.69	0.88	0.29	0.92	0.84	0.74
Other Current Assets	0.63	0.52	0.74	0.66	0.8	0.54	0.35	0.81	0.53	0.55	0.66	0.55	0.71	-0.43	0.52	0.81		0.29	0.58	0.73	0.53	0.71	0.33	0.67	0.5	0.6
Other Stockholder Equity	0.64	0.58	0.4	0.65	0.64	0.68	0.65	0.63	0.41	0.68	0.58	0.39	-0.14	-0.23	0.59	0.63	0.29		0.62	0.53	0.73	0.5	0.14	0.6	0.82	0.2
Total Liab	1.0	0.98	0.71	0.99	0.87	0.98	0.91	0.83	0.9	0.98	0.98	0.88	0.1	-0.64	0.99	0.87	0.58	0.62		0.95	0.71	0.95	0.33	0.88	0.91	0.71
Total Current Assets	0.96	0.92	0.83	0.98	0.9	0.89	0.74	0.87	0.94	0.9	0.94	0.94	0.26	-0.61	0.92	0.89	0.73	0.53	0.95		0.72	0.99	0.29	0.87	0.82	0.74
Short Term Debt	0.73	0.74	0.57	0.74	0.76	0.7	0.61	0.79	0.62	0.71	0.63	0.64	0.19	-0.46	0.68	0.69	0.53	0.73	0.71	0.72		0.68	0.07	0.52	0.72	0.28
Accounts Payable	0.96	0.91	0.83	0.98	0.88	0.89	0.75	0.84	0.94	0.89	0.93	0.94	0.22	-0.61	0.92	0.88	0.71	0.5	0.95	0.99	0.68		0.28	0.87	0.81	0.75
Intangible Assets	0.32	0.35	0.37	0.31	0.21	0.32	0.34	0.18	0.28	0.32	0.41	0.26	0.14	-0.36	0.35	0.29	0.33	0.14	0.33	0.29	0.07	0.28		0.29	0.27	0.29
Common Stock Total Equity	0.91	0.8	0.67	0.9	0.92	0.89	0.77	0.87	0.74	0.89	0.91	0.72	0.28	-0.5	0.85	0.92	0.67	0.6	0.88	0.87	0.52	0.87	0.29		0.86	0.82
Property Plant And Equipment Gross	0.92	0.89	0.61	0.9	0.86	0.95	0.9	0.83	0.72	0.95	0.9	0.7	-0.02	-0.47	0.91	0.84	0.5	0.82	0.91	0.82	0.72	0.81	0.27	0.86		0.52
Common Stock	0.72	0.64	0.52	0.72	0.71	0.68	0.57	0.65	0.66	0.68	0.75	0.64	0.52	-0.69	0.69	0.74	0.6	0.2	0.71	0.74	0.28	0.75	0.29	0.82	0.52

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T.J. Maxx Account Relationship Matchups

T.J. Maxx fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	24.1B	30.8B	28.5B	28.3B	29.7B	31.2B
Short Long Term Debt Total	11.5B	15.5B	12.5B	12.7B	12.5B	13.2B
Other Current Liab	883.7M	3.4B	4.0B	2.4B	3.3B	3.4B
Total Current Liabilities	7.2B	10.8B	10.5B	10.3B	10.5B	11.0B
Total Stockholder Equity	5.9B	5.8B	6.0B	6.4B	7.3B	7.7B
Property Plant And Equipment Net	14.4B	14.0B	14.1B	14.9B	16.0B	16.8B
Net Debt	8.2B	5.0B	6.3B	7.3B	6.9B	7.3B
Retained Earnings	5.4B	5.0B	5.5B	5.8B	6.7B	7.0B
Cash	3.2B	10.5B	6.2B	5.5B	5.6B	5.9B
Non Current Assets Total	15.3B	15.1B	15.2B	15.9B	17.1B	17.9B
Non Currrent Assets Other	773.5M	949.2M	796.5M	769M	849M	891.5M
Cash And Short Term Investments	3.2B	10.5B	6.2B	5.5B	5.6B	5.9B
Net Receivables	801.3M	497.4M	518M	682M	588M	317.9M
Common Stock Shares Outstanding	1.2B	1.2B	1.2B	1.2B	1.2B	1.5B
Liabilities And Stockholders Equity	24.1B	30.8B	28.5B	28.3B	29.7B	31.2B
Non Current Liabilities Total	11.0B	14.2B	12.0B	11.7B	12.0B	12.6B
Inventory	4.9B	4.3B	6.0B	5.8B	6.0B	6.3B
Other Current Assets	415.0M	471.2M	552M	478M	511M	536.6M
Other Stockholder Equity	(12K)	260.5M	8K	6.4B	7.3B	7.7B
Total Liab	18.2B	25.0B	22.5B	22.0B	22.4B	23.6B
Total Current Assets	8.9B	15.7B	13.3B	12.5B	12.7B	13.3B
Short Term Debt	1.4B	2.4B	1.6B	3.7B	3.2B	3.4B
Accounts Payable	2.7B	4.8B	4.5B	3.8B	3.9B	4.1B
Intangible Assets	133.4M	125.4M	123M	120M	108M	107.4M
Common Stock Total Equity	628.0M	1.2B	1.2B	1.2B	1.4B	1.5B
Property Plant And Equipment Gross	14.4B	14.0B	14.1B	14.9B	24.0B	25.2B
Accumulated Other Comprehensive Income	(673.2M)	(606.1M)	(687.2M)	(606M)	(532M)	(505.4M)
Common Stock	1.2B	1.2B	1.2B	1.2B	1.1B	633.2M
Other Assets	640.1M	627.7M	981.5M	927M	1.1B	1.1B
Long Term Debt	2.2B	5.3B	3.4B	2.9B	2.9B	1.6B
Good Will	95.5M	99M	96.7M	97M	95M	179.9M
Property Plant Equipment	5.3B	14.0B	14.1B	14.9B	17.1B	18.0B
Other Liab	993.3M	1.1B	1.1B	1.0B	1.2B	862.0M
Current Deferred Revenue	450.3M	2.2B	2.4B	158M	(847M)	(804.7M)
Net Tangible Assets	13.7B	5.6B	5.9B	6.3B	7.2B	5.6B
Long Term Debt Total	2.2B	5.3B	3.4B	2.9B	3.3B	2.2B
Capital Lease Obligations	9.2B	9.4B	9.2B	9.4B	9.7B	10.2B

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T.J. Good Will vs Long Term Debt Analysis

Good Will vs Long Term Debt

Good Will vs Long Term Debt Correlation Analysis

Correlation Coefficient

Good Will

Long Term Debt

T.J. Maxx fundamental ratios Correlations

T.J. Maxx Account Relationship Matchups

High Positive Relationship

High Negative Relationship

T.J. Maxx fundamental ratios Accounts

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Additional Tools for T.J. Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Total Current Liabilities

Common Stock	- 0.69	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.66	Short Long Term Debt Total
Total Liab	- 0.64	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.64	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.64	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.63	Total Assets