TJXTJX Companies
Is it safe?
Strong, no red flags: clean books, quality strong, and comfortable debt (AA).
Reported earnings show no manipulation flags Beneish M-score, a forensic model that detects earnings-manipulation patterns (receivables outrunning sales, margins slipping, accrual-heavy profit).
High fundamental quality Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.
Net cash and profitable. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -43% · now 14% below its 52-week high.
Unless marked, from SEC EDGAR, as of Jan 31, 2026.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can TJX take a bad year?
TJX Companies holds $3.13B more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash · as at Q2 2026 · cash and short-term investments less total debt
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Debt / equity
- 0.27×
Debt / equity
- Annualised volatility
- 20%
Annualised volatility · S&P 500 16% · close to the market's own swing
Details›
- Total debtQ2 2026
- $2.87B
- Cash and short-term investments
- $6.00B
- Net cash
- $3.13B
- Debt / equity
- 0.27×
- Annualised volatilitytwo years of daily moves
- 20%
- Worst drawdown on file
- −43%
- Below its 52-week high
- 14%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
The balance sheet
What it owes against what it owns, and how close that comes to trouble.
How far can it fall?
How much the price moves, how deep and how long its falls have run, and what each unit of risk has paid.
Apparel Retail
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