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
No updates
Recent updates
Financial 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).