Home Depot Inc (HD)

Quick ratio

Jan 31, 2025 Jan 31, 2024 Jan 28, 2024 Jan 31, 2023 Jan 29, 2023
Cash US$ in thousands 1,659,000 3,760,000 3,760,000 2,757,000 2,757,000
Short-term investments US$ in thousands
Receivables US$ in thousands 3,328,000 3,317,000
Total current liabilities US$ in thousands 28,661,000 22,015,000 22,015,000 23,110,000 23,110,000
Quick ratio 0.06 0.17 0.32 0.12 0.26

January 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,659,000K + $—K + $—K) ÷ $28,661,000K
= 0.06

The quick ratio of Home Depot Inc has displayed varying levels over the years. As of January 29, 2023, the quick ratio was 0.26, indicating that the company had $0.26 in liquid assets available to cover each dollar of current liabilities. However, there was a significant decrease in the quick ratio to 0.12 as of January 31, 2023, suggesting a potential liquidity strain. The ratio improved to 0.32 by January 28, 2024, but then dropped to 0.17 by January 31, 2024. This indicates fluctuations in the company's ability to meet its short-term obligations with its quick assets. As of January 31, 2025, the quick ratio further decreased to 0.06, indicating a potential liquidity risk and highlighting the importance of closely monitoring the company's liquidity position going forward.


Peer comparison

Jan 31, 2025


See also:

Home Depot Inc Quick Ratio