Home Depot Inc (HD)
Debt-to-capital ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,640,000 | 5,786,000 | 4,420,000 | 1,820,000 | 1,044,000 | 1,044,000 | 1,430,000 | 1,430,000 | 1,335,000 | 1,335,000 | 362,000 | 1,562,000 | 1,562,000 | 1,298,000 | 1,298,000 | 237,000 | -1,709,000 | -1,709,000 | -1,696,000 | -1,696,000 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,640,000K)
= 0.00
The debt-to-capital ratio is a key financial metric that measures the proportion of a company's total debt to its total capital, which consists of both debt and equity. A lower debt-to-capital ratio generally indicates a lower level of financial risk, as it suggests that the company relies less on debt to finance its operations.
Based on the data provided for Home Depot Inc, we see that the debt-to-capital ratio has consistently been at 0.00 since July 31, 2022, up to the most recent data point of January 31, 2025. This implies that Home Depot has not reported any debt in relation to its total capital during this period.
A debt-to-capital ratio of 0.00 suggests that Home Depot has either fully paid off its debt or does not have any debt on its balance sheet. This may indicate a strong financial position, as the company is not burdened by interest payments and has a lower risk of default.
Overall, based on the trend of a stable 0.00 debt-to-capital ratio over multiple quarters, Home Depot appears to have a conservative capital structure with little to no reliance on debt financing, which can be viewed positively by investors and creditors.
Peer comparison
Jan 31, 2025