Home Depot Inc (HD)
Current ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 31,683,000 | 32,949,000 | 32,273,000 | 32,622,000 | 29,775,000 | 29,775,000 | 30,682,000 | 30,682,000 | 31,830,000 | 31,830,000 | 32,423,000 | 32,471,000 | 32,471,000 | 33,681,000 | 33,681,000 | 32,941,000 | 33,867,000 | 33,867,000 | 29,055,000 | 29,055,000 |
| Total current liabilities | US$ in thousands | 28,661,000 | 29,092,000 | 28,123,000 | 24,359,000 | 22,015,000 | 22,015,000 | 23,572,000 | 23,572,000 | 24,227,000 | 24,227,000 | 25,446,000 | 23,110,000 | 23,110,000 | 24,280,000 | 24,280,000 | 27,834,000 | 30,387,000 | 30,387,000 | 28,693,000 | 28,693,000 |
| Current ratio | 1.11 | 1.13 | 1.15 | 1.34 | 1.35 | 1.35 | 1.30 | 1.30 | 1.31 | 1.31 | 1.27 | 1.41 | 1.41 | 1.39 | 1.39 | 1.18 | 1.11 | 1.11 | 1.01 | 1.01 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $31,683,000K ÷ $28,661,000K
= 1.11
The current ratio of Home Depot Inc has displayed fluctuations over the specified time period, ranging from a low of 1.01 to a high of 1.41. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.
Starting at 1.01 in January 2022, the current ratio remained relatively stable until it increased to 1.11 in April 2022 and has continued to gradually rise, reaching a peak of 1.41 in January 2023. This upward trend suggests an improvement in Home Depot's short-term liquidity and ability to cover its current liabilities effectively.
However, the current ratio experienced a slight decline in the following periods, dropping to 1.15 in July 2024 and further to 1.11 in January 2025. Despite these decreases, the current ratio has generally remained above 1, indicating that Home Depot Inc has been able to maintain a healthy balance between current assets and current liabilities.
Overall, the current ratio analysis suggests that Home Depot Inc has managed its short-term financial obligations well, demonstrating a reasonable level of liquidity to support its operations and financial stability.
Peer comparison
Jan 31, 2025