Home Depot Balance Sheet Health
Financial Health criteria checks 4/6
Home Depot has a total shareholder equity of $4.4B and total debt of $53.3B, which brings its debt-to-equity ratio to 1206.7%. Its total assets and total liabilities are $96.8B and $92.4B respectively. Home Depot's EBIT is $21.2B making its interest coverage ratio 11.7. It has cash and short-term investments of $1.6B.
Key information
1,206.7%
Debt to equity ratio
US$53.34b
Debt
| Interest coverage ratio | 11.7x |
| Cash | US$1.61b |
| Equity | US$4.42b |
| Total liabilities | US$92.43b |
| Total assets | US$96.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HD's short term assets ($32.3B) exceed its short term liabilities ($28.1B).
Long Term Liabilities: HD's short term assets ($32.3B) do not cover its long term liabilities ($64.3B).
Debt to Equity History and Analysis
Debt Level: HD's net debt to equity ratio (1170.2%) 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 (37.3%).
Interest Coverage: HD's interest payments on its debt are well covered by EBIT (11.7x coverage).