Home Depot Balance Sheet Health
Financial Health criteria checks 4/6
Home Depot has a total shareholder equity of $1.8B and total debt of $42.8B, which brings its debt-to-equity ratio to 2353.4%. Its total assets and total liabilities are $79.2B and $77.4B respectively. Home Depot's EBIT is $21.2B making its interest coverage ratio 12.1. It has cash and short-term investments of $4.3B.
Key information
2,353.4%
Debt to equity ratio
US$42.83b
Debt
| Interest coverage ratio | 12.1x |
| Cash | US$4.26b |
| Equity | US$1.82b |
| Total liabilities | US$77.41b |
| Total assets | US$79.23b |
Recent financial health updates
Here's Why Home Depot (NYSE:HD) Can Manage Its Debt Responsibly
Mar 10
We Think Home Depot (NYSE:HD) Can Stay On Top Of Its Debt
Nov 06Recent updates
Reading The Q1 Tea Leaves At The Home Depot
May 16Shareholders Will Most Likely Find The Home Depot, Inc.'s (NYSE:HD) CEO Compensation Acceptable
May 11There Are Reasons To Feel Uneasy About Home Depot's (NYSE:HD) Returns On Capital
Apr 21Home Depot Stock: A Deep Dive Finds A Neutral View
Apr 15Estimating The Intrinsic Value Of The Home Depot, Inc. (NYSE:HD)
Apr 07The Home Depot's Big Purchase: A Big Opportunity With A Big Price Tag
Mar 29The Home Depot, Inc.'s (NYSE:HD) Shareholders Might Be Looking For Exit
Mar 24Here's Why Home Depot (NYSE:HD) Can Manage Its Debt Responsibly
Mar 10Home Depot: Expect Weak Home Improvement Market In FY24
Mar 08The Reasons Our View On Home Depot Remains Neutral
Feb 26The Home Depot, Inc. (NYSE:HD) Yearly Results: Here's What Analysts Are Forecasting For This Year
Feb 22Home Depot And Lowe's: A Textbook Example Of Quality Vs. Value
Jan 29Home Depot Is A Hold Due To Its Valuation
Jan 22At US$356, Is The Home Depot, Inc. (NYSE:HD) Worth Looking At Closely?
Jan 18Home Depot (NYSE:HD) Will Want To Turn Around Its Return Trends
Jan 04Home Depot: Promotional Discounting Is Turning Rational; Reiterate 'Buy'
Dec 26A Look At The Fair Value Of The Home Depot, Inc. (NYSE:HD)
Dec 22Home Depot's Business Model Resilience Is Flat-Out Impressive
Dec 15Battle Of The Duopolies: Lowe's Vs Home Depot. Which One Is The Better Buy?
Nov 28Home Depot: Q3 Earnings Show A Positive Shift In Strategy But Questions Remain
Nov 16Home Depot Q3 Earnings Preview: Weakening Consumer Confidence Could Impact Guidance
Nov 09We Think Home Depot (NYSE:HD) Can Stay On Top Of Its Debt
Nov 06Is Home Depot A Wise Investment Choice Amid Inflation Surge
Oct 20At US$293, Is It Time To Put The Home Depot, Inc. (NYSE:HD) On Your Watch List?
Oct 09Home Depot: Set For Double Digit Returns Despite Short-Term Challenges
Oct 09Home Depot (NYSE:HD) Knows How To Allocate Capital
Sep 26Estimating The Intrinsic Value Of The Home Depot, Inc. (NYSE:HD)
Sep 11Dividend Dreaming With Home Depot: Awaiting The Right Valuation
Sep 08Home Depot - Tougher Times Ahead?
Sep 01Financial Position Analysis
Short Term Liabilities: HD's short term assets ($32.6B) exceed its short term liabilities ($24.4B).
Long Term Liabilities: HD's short term assets ($32.6B) do not cover its long term liabilities ($53.1B).
Debt to Equity History and Analysis
Debt Level: HD's net debt to equity ratio (2119.1%) is considered high.
Reducing Debt: HD had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: HD's debt is well covered by operating cash flow (49.2%).
Interest Coverage: HD's interest payments on its debt are well covered by EBIT (12.1x coverage).