Home Depot Inc (HD)
Debt-to-assets ratio
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 76,530,000 | 75,577,000 | 76,387,000 | 76,386,000 | 76,445,000 | 76,866,000 | 75,825,000 | 76,567,000 | 71,876,000 | 73,031,000 | 70,769,000 | 72,567,000 | 70,581,000 | 66,919,000 | 63,349,000 | 58,737,000 | 51,236,000 | 52,309,000 | 52,010,000 | 51,515,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 0.00 in the provided data spanning from May 5, 2019, to Jan 28, 2024. This indicates that the company has not relied on debt financing to fund its operations and investments during this period. A debt-to-assets ratio of 0.00 implies that Home Depot Inc's assets have been primarily financed by sources other than debt, such as equity or retained earnings. This signifies a strong financial position with lower financial risk, as the company has a lower level of debt relative to its total assets. Additionally, a debt-to-assets ratio of 0.00 could also suggest that the company has been effectively managing its capital structure to maintain a healthy balance between debt and equity. Overall, a consistent 0.00 debt-to-assets ratio reflects a conservative financial approach and stability in Home Depot Inc's capital structure.
Peer comparison
Jan 28, 2024