Home Depot Balance Sheet Health
Financial Health criteria checks 4/6
Home Depot has a total shareholder equity of $5.8B and total debt of $52.2B, which brings its debt-to-equity ratio to 901.7%. Its total assets and total liabilities are $97.3B and $91.5B respectively. Home Depot's EBIT is $21.2B making its interest coverage ratio 10.7. It has cash and short-term investments of $1.5B.
Key information
901.7%
Debt to equity ratio
US$52.17b
Debt
| Interest coverage ratio | 10.7x |
| Cash | US$1.53b |
| Equity | US$5.79b |
| Total liabilities | US$91.48b |
| Total assets | US$97.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HDI's short term assets ($32.9B) exceed its short term liabilities ($29.1B).
Long Term Liabilities: HDI's short term assets ($32.9B) do not cover its long term liabilities ($62.4B).
Debt to Equity History and Analysis
Debt Level: HDI's net debt to equity ratio (875.2%) is considered high.
Reducing Debt: HDI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: HDI's debt is well covered by operating cash flow (38.1%).
Interest Coverage: HDI's interest payments on its debt are well covered by EBIT (10.7x coverage).