TJX Inventory vs Short Long Term Debt Total Analysis

0LCE Stock   125.98  1.43  1.12%   
TJX Cos financial indicator trend analysis is much more than just breaking down TJX Cos prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TJX Cos is a good investment. Please check the relationship between TJX Cos Inventory and its Short Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in TJX Cos. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Inventory vs Short Long Term Debt Total

Inventory vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TJX Cos Inventory account and Short Long Term Debt Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between TJX Cos' Inventory and Short Long Term Debt Total is 0.94. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of TJX Cos, assuming nothing else is changed. The correlation between historical values of TJX Cos' Inventory and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of TJX Cos are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Inventory i.e., TJX Cos' Inventory and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Inventory

Short Long Term Debt Total

Most indicators from TJX Cos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TJX Cos 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in TJX Cos. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to gain to about (1 M) in 2024. Selling General Administrative is likely to drop to about 9.9 B in 2024
 2014 2020 2023 2024 (projected)
Total Revenue41.7B54.2B62.3B65.5B
Depreciation And Amortization867.3M964M1.1B1.2B

TJX Cos fundamental ratios Correlations

0.970.970.980.980.980.880.980.90.990.880.870.96-0.690.980.990.21-0.41.00.950.640.950.790.610.01-0.87
0.970.940.90.91.00.970.910.781.00.950.740.87-0.751.00.940.42-0.310.980.840.520.850.910.740.22-0.95
0.970.940.940.950.950.850.950.870.950.80.840.93-0.510.950.960.15-0.330.970.910.490.910.760.460.08-0.81
0.980.90.941.00.920.761.00.970.930.790.961.0-0.630.910.990.0-0.480.970.990.730.990.640.49-0.19-0.76
0.980.90.951.00.920.761.00.970.930.760.950.99-0.590.910.990.0-0.410.970.990.690.990.630.46-0.17-0.75
0.981.00.950.920.920.950.930.811.00.930.770.89-0.731.00.950.38-0.320.990.870.540.870.890.710.19-0.94
0.880.970.850.760.760.950.770.590.950.950.540.72-0.740.960.820.63-0.180.90.680.340.680.980.810.45-0.98
0.980.910.951.01.00.930.770.970.930.780.950.99-0.60.911.00.02-0.420.970.990.690.990.650.47-0.16-0.76
0.90.780.870.970.970.810.590.970.820.641.00.99-0.520.790.94-0.22-0.540.880.990.80.990.450.32-0.4-0.6
0.991.00.950.930.931.00.950.930.820.930.780.9-0.731.00.960.36-0.330.990.880.550.880.880.70.17-0.94
0.880.950.80.790.760.930.950.780.640.930.60.75-0.890.940.820.57-0.410.90.710.560.720.940.890.26-0.99
0.870.740.840.960.950.770.540.951.00.780.60.97-0.480.750.92-0.28-0.550.850.980.80.980.40.27-0.46-0.55
0.960.870.931.00.990.890.720.990.990.90.750.97-0.60.880.98-0.06-0.50.951.00.761.00.590.44-0.26-0.72
-0.69-0.75-0.51-0.63-0.59-0.73-0.74-0.6-0.52-0.73-0.89-0.48-0.6-0.74-0.64-0.550.44-0.71-0.56-0.68-0.57-0.75-0.95-0.060.85
0.981.00.950.910.911.00.960.910.791.00.940.750.88-0.740.940.41-0.310.980.850.520.850.90.730.21-0.95
0.990.940.960.990.990.950.821.00.940.960.820.920.98-0.640.940.1-0.40.990.980.670.980.710.53-0.08-0.81
0.210.420.150.00.00.380.630.02-0.220.360.57-0.28-0.06-0.550.410.10.270.25-0.11-0.23-0.110.730.790.84-0.63
-0.4-0.31-0.33-0.48-0.41-0.32-0.18-0.42-0.54-0.33-0.41-0.55-0.50.44-0.31-0.40.27-0.39-0.49-0.82-0.49-0.18-0.230.570.32
1.00.980.970.970.970.990.90.970.880.990.90.850.95-0.710.980.990.25-0.390.930.620.930.810.640.05-0.89
0.950.840.910.990.990.870.680.990.990.880.710.981.0-0.560.850.98-0.11-0.490.930.751.00.550.39-0.29-0.68
0.640.520.490.730.690.540.340.690.80.550.560.80.76-0.680.520.67-0.23-0.820.620.750.760.260.41-0.65-0.47
0.950.850.910.990.990.870.680.990.990.880.720.981.0-0.570.850.98-0.11-0.490.931.00.760.550.4-0.29-0.68
0.790.910.760.640.630.890.980.650.450.880.940.40.59-0.750.90.710.73-0.180.810.550.260.550.850.55-0.97
0.610.740.460.490.460.710.810.470.320.70.890.270.44-0.950.730.530.79-0.230.640.390.410.40.850.38-0.89
0.010.220.08-0.19-0.170.190.45-0.16-0.40.170.26-0.46-0.26-0.060.21-0.080.840.570.05-0.29-0.65-0.290.550.38-0.36
-0.87-0.95-0.81-0.76-0.75-0.94-0.98-0.76-0.6-0.94-0.99-0.55-0.720.85-0.95-0.81-0.630.32-0.89-0.68-0.47-0.68-0.97-0.89-0.36
Click cells to compare fundamentals

TJX Cos Account Relationship Matchups

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for TJX Stock Analysis

When running TJX Cos' price analysis, check to measure TJX Cos' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TJX Cos is operating at the current time. Most of TJX Cos' value examination focuses on studying past and present price action to predict the probability of TJX Cos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TJX Cos' price. Additionally, you may evaluate how the addition of TJX Cos to your portfolios can decrease your overall portfolio volatility.