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
Here's Why Home Depot (NYSE:HD) Can Manage Its Debt Responsibly
Mar 10
We Think Home Depot (NYSE:HD) Can Stay On Top Of Its Debt
Nov 06Is Home Depot (NYSE:HD) Using Too Much Debt?
Aug 01Recent updates
Home 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 22Home Depot And Lowe's: A Textbook Example Of Quality Vs. Value
Jan 29Home Depot Is A Hold Due To Its Valuation
Jan 22At US$356, Is The Home Depot, Inc. (NYSE:HD) Worth Looking At Closely?
Jan 18Home Depot (NYSE:HD) Will Want To Turn Around Its Return Trends
Jan 04Home Depot: Promotional Discounting Is Turning Rational; Reiterate 'Buy'
Dec 26A Look At The Fair Value Of The Home Depot, Inc. (NYSE:HD)
Dec 22Home Depot's Business Model Resilience Is Flat-Out Impressive
Dec 15Battle Of The Duopolies: Lowe's Vs Home Depot. Which One Is The Better Buy?
Nov 28Home Depot: Q3 Earnings Show A Positive Shift In Strategy But Questions Remain
Nov 16Home Depot Q3 Earnings Preview: Weakening Consumer Confidence Could Impact Guidance
Nov 09We Think Home Depot (NYSE:HD) Can Stay On Top Of Its Debt
Nov 06Is Home Depot A Wise Investment Choice Amid Inflation Surge
Oct 20At US$293, Is It Time To Put The Home Depot, Inc. (NYSE:HD) On Your Watch List?
Oct 09Home Depot: Set For Double Digit Returns Despite Short-Term Challenges
Oct 09Home Depot (NYSE:HD) Knows How To Allocate Capital
Sep 26Estimating The Intrinsic Value Of The Home Depot, Inc. (NYSE:HD)
Sep 11Dividend Dreaming With Home Depot: Awaiting The Right Valuation
Sep 08Home Depot - Tougher Times Ahead?
Sep 01Home Depot: Long-Term Winner, With Room To Run
Aug 08Is Home Depot (NYSE:HD) Using Too Much Debt?
Aug 01Home Depot Looks Expensive Amid A Weakening Economy
Jul 17Home Depot: It Can Build Long-Term Value But Is Currently Overvalued
Jul 07Home Depot: Current Price Stability Opens Doors For Buyers (Technical Analysis) (Rating Upgrade)
Jun 26Shareholders Are Optimistic That Home Depot (NYSE:HD) Will Multiply In Value
Jun 22Is It Too Late To Consider Buying The Home Depot, Inc. (NYSE:HD)?
Jun 08The Terrific Ten: The Foundation For My Dividend Growth Portfolio (Part 3)
May 25Financial 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).