Home Depot Inc (HD)
Debt-to-assets ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 96,119,000 | 76,530,000 | 76,530,000 | 76,445,000 | 76,445,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $96,119,000K
= 0.00
The debt-to-assets ratio of Home Depot Inc has consistently been recorded at 0.00 for the periods of January 29, 2023, January 31, 2023, January 28, 2024, January 31, 2024, and January 31, 2025. This indicates that the company has no debt in relation to its total assets during these periods. From a financial perspective, a low or zero debt-to-assets ratio suggests that the company has a strong financial position with minimal financial risk associated with debt obligations. Home Depot Inc's consistent ratio of 0.00 reflects a strong capital structure and financial stability, indicating that the company may be relying more on equity financing rather than debt financing to support its operations and investments.
Peer comparison
Jan 31, 2025