Home Depot Balance Sheet Health
Financial Health criteria checks 4/6
Home Depot has a total shareholder equity of $1.0B and total debt of $41.7B, which brings its debt-to-equity ratio to 3994.3%. Its total assets and total liabilities are $76.5B and $75.5B respectively. Home Depot's EBIT is $21.7B making its interest coverage ratio 12.3. It has cash and short-term investments of $3.8B.
Key information
3,994.3%
Debt to equity ratio
US$41.70b
Debt
Interest coverage ratio | 12.3x |
Cash | US$3.76b |
Equity | US$1.04b |
Total liabilities | US$75.49b |
Total assets | US$76.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HD's short term assets ($29.8B) exceed its short term liabilities ($22.0B).
Long Term Liabilities: HD's short term assets ($29.8B) do not cover its long term liabilities ($53.5B).
Debt to Equity History and Analysis
Debt Level: HD's net debt to equity ratio (3634.2%) 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 (50.8%).
Interest Coverage: HD's interest payments on its debt are well covered by EBIT (12.3x coverage).