Home Depot Inc (HD)

Debt-to-assets ratio

		Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	76,530,000	76,445,000	71,876,000	70,581,000	51,236,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

January 28, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $76,530,000K
= 0.00

The debt-to-assets ratio for Home Depot Inc has consistently been reported as 0.00 for the past five fiscal years, including as of January 28, 2024. This indicates that the company has no reported debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that Home Depot has been financing its operations primarily through equity and retained earnings rather than debt. This could be a positive sign of the company's financial strength and stability, as it implies a lower financial risk due to the absence of debt obligations. However, it's important to note that a low debt-to-assets ratio could also mean missed opportunities for leveraging debt for potential growth or tax benefits. Further analysis of the company's overall financial health and strategies would provide a more comprehensive understanding of its capital structure and financial management.