Home Depot Inc (HD)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,640,000K
= 0.00

Home Depot Inc's debt-to-equity ratio has been consistently at 0.00 from July 31, 2022, to January 31, 2025. This indicates that the company has been using primarily equity to finance its operations rather than debt during this period. A debt-to-equity ratio of 0.00 signifies that the company has no debt in relation to its equity, which could imply a strong financial position and lower financial risk. Overall, Home Depot Inc's stable and low debt-to-equity ratio may suggest a conservative approach to capital structure and financial management.