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 $54.6B, which brings its debt-to-equity ratio to 943.3%. 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
943.3%
Debt to equity ratio
US$54.58b
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
Home Depot (NYSE:HD) Seems To Use Debt Quite Sensibly
Sep 18
Here's Why Home Depot (NYSE:HD) Can Manage Its Debt Responsibly
Mar 10Recent updates
Home Depot Q3 Earnings: Doing The Best It Can Against All Odds
Nov 17The Home Depot, Inc. (NYSE:HD) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
Nov 14Wide Moat Shielded Home Depot From Normalising Fundamentals
Nov 07A Look At The Fair Value Of The Home Depot, Inc. (NYSE:HD)
Nov 04Home Depot: Fed's Pivot And Hurricanes May Trigger Near-Term Tailwinds
Oct 15Subdued Growth No Barrier To The Home Depot, Inc.'s (NYSE:HD) Price
Oct 07Home Depot (NYSE:HD) Seems To Use Debt Quite Sensibly
Sep 18Staying The Course With The Home Depot
Sep 13Is There Now An Opportunity In The Home Depot, Inc. (NYSE:HD)?
Sep 04The Home Depot, Inc. (NYSE:HD) Just Reported Second-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Aug 15Home Depot: Priced For Perfection Heading Into Q2 Earnings
Aug 12Home Depot (NYSE:HD) Will Be Hoping To Turn Its Returns On Capital Around
Aug 12Estimating The Intrinsic Value Of The Home Depot, Inc. (NYSE:HD)
Jul 29Home Depot: Steady In A Post-Pandemic World
Jul 22Getting In Cheap On The Home Depot, Inc. (NYSE:HD) Is Unlikely
Jul 02Home Depot: SRS Acquisition Is A Good Move, But Stock Is Fully Priced
Jun 19Why The Home Depot, Inc. (NYSE:HD) Could Be Worth Watching
Jun 05Reading 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 22Financial Position Analysis
Short Term Liabilities: HD's short term assets ($32.9B) exceed its short term liabilities ($29.1B).
Long Term Liabilities: HD's short term assets ($32.9B) do not cover its long term liabilities ($62.4B).
Debt to Equity History and Analysis
Debt Level: HD's net debt to equity ratio (916.8%) 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 (36.4%).
Interest Coverage: HD's interest payments on its debt are well covered by EBIT (10.7x coverage).