Home Depot Inc (HD)
Debt-to-equity 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-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 | — | — | — | — | — | — |
January 28, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,044,000K
= 0.00
The debt-to-equity ratio of Home Depot Inc has consistently been reported as 0.00 in the recent financial statements available. This indicates that the company has either no debt or a negligible amount of debt compared to its equity. A debt-to-equity ratio of 0.00 generally signifies that the company relies more on equity financing rather than debt to fund its operations and growth. It suggests a strong financial position and lower financial risk, as the company is not heavily leveraged. However, it is worth noting that the debt-to-equity ratio being 0.00 could also indicate the possibility of rounded figures or extremely low levels of debt that are trivial in comparison to equity. More detailed information on the actual debt and equity figures would provide a clearer picture of Home Depot's capital structure and financial leverage.
Peer comparison
Jan 28, 2024