Home Depot Inc (HD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,044,000 | 1,430,000 | 1,335,000 | 362,000 | 1,562,000 | 1,298,000 | 237,000 | -1,709,000 | -1,696,000 | 1,035,000 | 2,069,000 | 1,748,000 | 3,299,000 | 1,535,000 | -414,000 | -3,490,000 | -3,116,000 | -1,082,000 | -1,160,000 | -2,143,000 |
| Debt-to-capital 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 | — | — | — | — | — | — |
January 28, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,044,000K)
= 0.00
The debt-to-capital ratio for Home Depot Inc has been consistently reported as 0.00 in the recent financial statements provided. This indicates that the company has not had any debt in its capital structure relative to its equity during the specified periods. A debt-to-capital ratio of 0.00 suggests that the company may be primarily funded by equity rather than debt financing. It is important to note that a low or zero debt-to-capital ratio may indicate a lower financial risk for the company, as it implies a lower reliance on borrowed funds for operations or expansion. It would be beneficial to monitor this ratio over time to assess changes in the company's capital structure and financial risk profile.
Peer comparison
Jan 28, 2024