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.
Peer comparison
Jan 28, 2024