Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Home Depot Inc., solvency ratios (quarterly data)
Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Home Depot Inc. debt to equity ratio improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Home Depot Inc. debt to equity ratio (including operating lease liability) improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Home Depot Inc. debt to capital ratio improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Home Depot Inc. debt to capital ratio (including operating lease liability) improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Home Depot Inc. debt to assets ratio improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Home Depot Inc. debt to assets ratio (including operating lease liability) improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Home Depot Inc. financial leverage ratio decreased from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Home Depot Inc. interest coverage ratio deteriorated from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
Debt to Equity
Home Depot Inc., debt to equity calculation (quarterly data)
| Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 316) | 1,344) | 2,527) | 8) | —) | —) | —) | —) | —) | —) | 539) | —) | 1,035) | —) | —) | —) | —) | —) | —) | —) | 974) | 695) | —) | 372) | |||||||
| Current installments of long-term debt | 4,582) | 3,176) | 1,339) | 763) | 1,368) | 1,362) | 1,352) | 1,338) | 1,231) | 1,224) | 1,218) | 2,463) | 2,447) | 2,436) | 2,428) | 1,164) | 1,416) | 2,491) | 2,476) | 4,200) | 1,839) | 1,818) | 1,315) | 1,084) | |||||||
| Long-term debt, excluding current installments | 48,485) | 50,058) | 51,869) | 42,060) | 42,743) | 40,567) | 40,754) | 40,915) | 41,962) | 41,740) | 39,271) | 39,158) | 36,604) | 36,712) | 33,746) | 34,697) | 35,822) | 32,831) | 32,370) | 31,622) | 28,670) | 26,597) | 27,064) | 26,804) | |||||||
| Total debt | 53,383) | 54,578) | 55,735) | 42,831) | 44,111) | 41,929) | 42,106) | 42,253) | 43,193) | 42,964) | 41,028) | 41,621) | 40,086) | 39,148) | 36,174) | 35,861) | 37,238) | 35,322) | 34,846) | 35,822) | 31,483) | 29,110) | 28,379) | 28,260) | |||||||
| Stockholders’ equity (deficit) | 6,640) | 5,786) | 4,420) | 1,820) | 1,044) | 1,430) | 1,335) | 362) | 1,562) | 1,298) | 237) | (1,709) | (1,696) | 1,035) | 2,069) | 1,748) | 3,299) | 1,535) | (414) | (3,490) | (3,116) | (1,082) | (1,160) | (2,143) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to equity1 | 8.04 | 9.43 | 12.61 | 23.53 | 42.25 | 29.32 | 31.54 | 116.72 | 27.65 | 33.10 | 173.11 | — | — | 37.82 | 17.48 | 20.52 | 11.29 | 23.01 | — | — | — | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 0.24 | 0.27 | 0.31 | 0.36 | 0.39 | 0.43 | 0.48 | 0.54 | 0.59 | 0.58 | 0.62 | 0.53 | 0.54 | 0.63 | 0.67 | 0.58 | 0.66 | 0.73 | 0.83 | 0.78 | |||||||
| Lowe’s Cos. Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 52.23 | 15.16 | 5.35 | 5.01 | 12.71 | 9.79 | 7.26 | 6.65 | 5.42 | |||||||
| TJX Cos. Inc. | — | 0.35 | 0.37 | 0.38 | 0.39 | 0.42 | 0.43 | 0.52 | 0.53 | 0.59 | 0.62 | 0.60 | 0.56 | 0.52 | 0.52 | 0.87 | 1.04 | 1.11 | 1.33 | 1.52 | 0.38 | 0.40 | 0.42 | 0.44 | |||||||
Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Q4 2025 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity (deficit)
= 53,383 ÷ 6,640 = 8.04
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Home Depot Inc. debt to equity ratio improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
Debt to Equity (including Operating Lease Liability)
Home Depot Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 316) | 1,344) | 2,527) | 8) | —) | —) | —) | —) | —) | —) | 539) | —) | 1,035) | —) | —) | —) | —) | —) | —) | —) | 974) | 695) | —) | 372) | |||||||
| Current installments of long-term debt | 4,582) | 3,176) | 1,339) | 763) | 1,368) | 1,362) | 1,352) | 1,338) | 1,231) | 1,224) | 1,218) | 2,463) | 2,447) | 2,436) | 2,428) | 1,164) | 1,416) | 2,491) | 2,476) | 4,200) | 1,839) | 1,818) | 1,315) | 1,084) | |||||||
| Long-term debt, excluding current installments | 48,485) | 50,058) | 51,869) | 42,060) | 42,743) | 40,567) | 40,754) | 40,915) | 41,962) | 41,740) | 39,271) | 39,158) | 36,604) | 36,712) | 33,746) | 34,697) | 35,822) | 32,831) | 32,370) | 31,622) | 28,670) | 26,597) | 27,064) | 26,804) | |||||||
| Total debt | 53,383) | 54,578) | 55,735) | 42,831) | 44,111) | 41,929) | 42,106) | 42,253) | 43,193) | 42,964) | 41,028) | 41,621) | 40,086) | 39,148) | 36,174) | 35,861) | 37,238) | 35,322) | 34,846) | 35,822) | 31,483) | 29,110) | 28,379) | 28,260) | |||||||
| Current operating lease liabilities | 1,274) | 1,262) | 1,242) | 1,073) | 1,050) | 1,026) | 1,011) | 966) | 945) | 942) | 919) | 859) | 830) | 827) | 814) | 803) | 828) | 842) | 831) | 853) | 828) | 828) | 831) | 793) | |||||||
| Long-term operating lease liabilities | 7,633) | 7,538) | 7,635) | 7,107) | 7,082) | 6,300) | 6,376) | 6,209) | 6,226) | 5,807) | 5,431) | 5,335) | 5,353) | 5,290) | 5,360) | 5,279) | 5,356) | 4,880) | 4,895) | 5,075) | 5,066) | 5,113) | 5,263) | 5,145) | |||||||
| Total debt (including operating lease liability) | 62,290) | 63,378) | 64,612) | 51,011) | 52,243) | 49,255) | 49,493) | 49,428) | 50,364) | 49,713) | 47,378) | 47,815) | 46,269) | 45,265) | 42,348) | 41,943) | 43,422) | 41,044) | 40,572) | 41,750) | 37,377) | 35,051) | 34,473) | 34,198) | |||||||
| Stockholders’ equity (deficit) | 6,640) | 5,786) | 4,420) | 1,820) | 1,044) | 1,430) | 1,335) | 362) | 1,562) | 1,298) | 237) | (1,709) | (1,696) | 1,035) | 2,069) | 1,748) | 3,299) | 1,535) | (414) | (3,490) | (3,116) | (1,082) | (1,160) | (2,143) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 9.38 | 10.95 | 14.62 | 28.03 | 50.04 | 34.44 | 37.07 | 136.54 | 32.24 | 38.30 | 199.91 | — | — | 43.73 | 20.47 | 23.99 | 13.16 | 26.74 | — | — | — | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 0.52 | 0.58 | 0.64 | 0.71 | 0.77 | 0.84 | 0.91 | 1.00 | 1.06 | 1.05 | 1.08 | 0.97 | 0.96 | 1.07 | 1.07 | 0.98 | 1.08 | 1.16 | 1.23 | 1.20 | |||||||
| Lowe’s Cos. Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 62.29 | 18.24 | 6.44 | 6.01 | 15.28 | 12.04 | 9.07 | 8.37 | 6.83 | |||||||
| TJX Cos. Inc. | — | 1.56 | 1.63 | 1.69 | 1.72 | 1.83 | 1.90 | 2.00 | 2.00 | 2.23 | 2.34 | 2.27 | 2.08 | 1.99 | 2.01 | 2.42 | 2.66 | 2.81 | 3.36 | 3.48 | 1.93 | 2.07 | 2.14 | 2.18 | |||||||
Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Q4 2025 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity (deficit)
= 62,290 ÷ 6,640 = 9.38
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Home Depot Inc. debt to equity ratio (including operating lease liability) improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
Debt to Capital
Home Depot Inc., debt to capital calculation (quarterly data)
| Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 316) | 1,344) | 2,527) | 8) | —) | —) | —) | —) | —) | —) | 539) | —) | 1,035) | —) | —) | —) | —) | —) | —) | —) | 974) | 695) | —) | 372) | |||||||
| Current installments of long-term debt | 4,582) | 3,176) | 1,339) | 763) | 1,368) | 1,362) | 1,352) | 1,338) | 1,231) | 1,224) | 1,218) | 2,463) | 2,447) | 2,436) | 2,428) | 1,164) | 1,416) | 2,491) | 2,476) | 4,200) | 1,839) | 1,818) | 1,315) | 1,084) | |||||||
| Long-term debt, excluding current installments | 48,485) | 50,058) | 51,869) | 42,060) | 42,743) | 40,567) | 40,754) | 40,915) | 41,962) | 41,740) | 39,271) | 39,158) | 36,604) | 36,712) | 33,746) | 34,697) | 35,822) | 32,831) | 32,370) | 31,622) | 28,670) | 26,597) | 27,064) | 26,804) | |||||||
| Total debt | 53,383) | 54,578) | 55,735) | 42,831) | 44,111) | 41,929) | 42,106) | 42,253) | 43,193) | 42,964) | 41,028) | 41,621) | 40,086) | 39,148) | 36,174) | 35,861) | 37,238) | 35,322) | 34,846) | 35,822) | 31,483) | 29,110) | 28,379) | 28,260) | |||||||
| Stockholders’ equity (deficit) | 6,640) | 5,786) | 4,420) | 1,820) | 1,044) | 1,430) | 1,335) | 362) | 1,562) | 1,298) | 237) | (1,709) | (1,696) | 1,035) | 2,069) | 1,748) | 3,299) | 1,535) | (414) | (3,490) | (3,116) | (1,082) | (1,160) | (2,143) | |||||||
| Total capital | 60,023) | 60,364) | 60,155) | 44,651) | 45,155) | 43,359) | 43,441) | 42,615) | 44,755) | 44,262) | 41,265) | 39,912) | 38,390) | 40,183) | 38,243) | 37,609) | 40,537) | 36,857) | 34,432) | 32,332) | 28,367) | 28,028) | 27,219) | 26,117) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to capital1 | 0.89 | 0.90 | 0.93 | 0.96 | 0.98 | 0.97 | 0.97 | 0.99 | 0.97 | 0.97 | 0.99 | 1.04 | 1.04 | 0.97 | 0.95 | 0.95 | 0.92 | 0.96 | 1.01 | 1.11 | 1.11 | 1.04 | 1.04 | 1.08 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 0.19 | 0.21 | 0.24 | 0.26 | 0.28 | 0.30 | 0.32 | 0.35 | 0.37 | 0.37 | 0.38 | 0.35 | 0.35 | 0.39 | 0.40 | 0.37 | 0.40 | 0.42 | 0.45 | 0.44 | |||||||
| Lowe’s Cos. Inc. | 1.67 | 1.61 | 1.62 | 1.69 | 1.72 | 1.73 | 1.68 | 1.67 | 1.72 | 1.62 | 1.41 | 1.31 | 1.24 | 1.06 | 1.01 | 0.98 | 0.94 | 0.84 | 0.83 | 0.93 | 0.91 | 0.88 | 0.87 | 0.84 | |||||||
| TJX Cos. Inc. | — | 0.26 | 0.27 | 0.28 | 0.28 | 0.30 | 0.30 | 0.34 | 0.35 | 0.37 | 0.38 | 0.37 | 0.36 | 0.34 | 0.34 | 0.46 | 0.51 | 0.53 | 0.57 | 0.60 | 0.27 | 0.29 | 0.30 | 0.30 | |||||||
Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Q4 2025 Calculation
Debt to capital = Total debt ÷ Total capital
= 53,383 ÷ 60,023 = 0.89
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Home Depot Inc. debt to capital ratio improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
Debt to Capital (including Operating Lease Liability)
Home Depot Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 316) | 1,344) | 2,527) | 8) | —) | —) | —) | —) | —) | —) | 539) | —) | 1,035) | —) | —) | —) | —) | —) | —) | —) | 974) | 695) | —) | 372) | |||||||
| Current installments of long-term debt | 4,582) | 3,176) | 1,339) | 763) | 1,368) | 1,362) | 1,352) | 1,338) | 1,231) | 1,224) | 1,218) | 2,463) | 2,447) | 2,436) | 2,428) | 1,164) | 1,416) | 2,491) | 2,476) | 4,200) | 1,839) | 1,818) | 1,315) | 1,084) | |||||||
| Long-term debt, excluding current installments | 48,485) | 50,058) | 51,869) | 42,060) | 42,743) | 40,567) | 40,754) | 40,915) | 41,962) | 41,740) | 39,271) | 39,158) | 36,604) | 36,712) | 33,746) | 34,697) | 35,822) | 32,831) | 32,370) | 31,622) | 28,670) | 26,597) | 27,064) | 26,804) | |||||||
| Total debt | 53,383) | 54,578) | 55,735) | 42,831) | 44,111) | 41,929) | 42,106) | 42,253) | 43,193) | 42,964) | 41,028) | 41,621) | 40,086) | 39,148) | 36,174) | 35,861) | 37,238) | 35,322) | 34,846) | 35,822) | 31,483) | 29,110) | 28,379) | 28,260) | |||||||
| Current operating lease liabilities | 1,274) | 1,262) | 1,242) | 1,073) | 1,050) | 1,026) | 1,011) | 966) | 945) | 942) | 919) | 859) | 830) | 827) | 814) | 803) | 828) | 842) | 831) | 853) | 828) | 828) | 831) | 793) | |||||||
| Long-term operating lease liabilities | 7,633) | 7,538) | 7,635) | 7,107) | 7,082) | 6,300) | 6,376) | 6,209) | 6,226) | 5,807) | 5,431) | 5,335) | 5,353) | 5,290) | 5,360) | 5,279) | 5,356) | 4,880) | 4,895) | 5,075) | 5,066) | 5,113) | 5,263) | 5,145) | |||||||
| Total debt (including operating lease liability) | 62,290) | 63,378) | 64,612) | 51,011) | 52,243) | 49,255) | 49,493) | 49,428) | 50,364) | 49,713) | 47,378) | 47,815) | 46,269) | 45,265) | 42,348) | 41,943) | 43,422) | 41,044) | 40,572) | 41,750) | 37,377) | 35,051) | 34,473) | 34,198) | |||||||
| Stockholders’ equity (deficit) | 6,640) | 5,786) | 4,420) | 1,820) | 1,044) | 1,430) | 1,335) | 362) | 1,562) | 1,298) | 237) | (1,709) | (1,696) | 1,035) | 2,069) | 1,748) | 3,299) | 1,535) | (414) | (3,490) | (3,116) | (1,082) | (1,160) | (2,143) | |||||||
| Total capital (including operating lease liability) | 68,930) | 69,164) | 69,032) | 52,831) | 53,287) | 50,685) | 50,828) | 49,790) | 51,926) | 51,011) | 47,615) | 46,106) | 44,573) | 46,300) | 44,417) | 43,691) | 46,721) | 42,579) | 40,158) | 38,260) | 34,261) | 33,969) | 33,313) | 32,055) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.90 | 0.92 | 0.94 | 0.97 | 0.98 | 0.97 | 0.97 | 0.99 | 0.97 | 0.97 | 1.00 | 1.04 | 1.04 | 0.98 | 0.95 | 0.96 | 0.93 | 0.96 | 1.01 | 1.09 | 1.09 | 1.03 | 1.03 | 1.07 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 0.34 | 0.37 | 0.39 | 0.42 | 0.43 | 0.46 | 0.48 | 0.50 | 0.51 | 0.51 | 0.52 | 0.49 | 0.49 | 0.52 | 0.52 | 0.49 | 0.52 | 0.54 | 0.55 | 0.54 | |||||||
| Lowe’s Cos. Inc. | 1.56 | 1.51 | 1.52 | 1.57 | 1.60 | 1.61 | 1.57 | 1.57 | 1.60 | 1.51 | 1.34 | 1.26 | 1.20 | 1.05 | 1.01 | 0.98 | 0.95 | 0.87 | 0.86 | 0.94 | 0.92 | 0.90 | 0.89 | 0.87 | |||||||
| TJX Cos. Inc. | — | 0.61 | 0.62 | 0.63 | 0.63 | 0.65 | 0.66 | 0.67 | 0.67 | 0.69 | 0.70 | 0.69 | 0.68 | 0.67 | 0.67 | 0.71 | 0.73 | 0.74 | 0.77 | 0.78 | 0.66 | 0.67 | 0.68 | 0.69 | |||||||
Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Q4 2025 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 62,290 ÷ 68,930 = 0.90
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Home Depot Inc. debt to capital ratio (including operating lease liability) improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
Debt to Assets
Home Depot Inc., debt to assets calculation (quarterly data)
| Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 316) | 1,344) | 2,527) | 8) | —) | —) | —) | —) | —) | —) | 539) | —) | 1,035) | —) | —) | —) | —) | —) | —) | —) | 974) | 695) | —) | 372) | |||||||
| Current installments of long-term debt | 4,582) | 3,176) | 1,339) | 763) | 1,368) | 1,362) | 1,352) | 1,338) | 1,231) | 1,224) | 1,218) | 2,463) | 2,447) | 2,436) | 2,428) | 1,164) | 1,416) | 2,491) | 2,476) | 4,200) | 1,839) | 1,818) | 1,315) | 1,084) | |||||||
| Long-term debt, excluding current installments | 48,485) | 50,058) | 51,869) | 42,060) | 42,743) | 40,567) | 40,754) | 40,915) | 41,962) | 41,740) | 39,271) | 39,158) | 36,604) | 36,712) | 33,746) | 34,697) | 35,822) | 32,831) | 32,370) | 31,622) | 28,670) | 26,597) | 27,064) | 26,804) | |||||||
| Total debt | 53,383) | 54,578) | 55,735) | 42,831) | 44,111) | 41,929) | 42,106) | 42,253) | 43,193) | 42,964) | 41,028) | 41,621) | 40,086) | 39,148) | 36,174) | 35,861) | 37,238) | 35,322) | 34,846) | 35,822) | 31,483) | 29,110) | 28,379) | 28,260) | |||||||
| Total assets | 96,119) | 97,264) | 96,846) | 79,230) | 76,530) | 75,577) | 76,387) | 76,386) | 76,445) | 76,866) | 75,825) | 76,567) | 71,876) | 73,031) | 70,769) | 72,567) | 70,581) | 66,919) | 63,349) | 58,737) | 51,236) | 52,309) | 52,010) | 51,515) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to assets1 | 0.56 | 0.56 | 0.58 | 0.54 | 0.58 | 0.55 | 0.55 | 0.55 | 0.57 | 0.56 | 0.54 | 0.54 | 0.56 | 0.54 | 0.51 | 0.49 | 0.53 | 0.53 | 0.55 | 0.61 | 0.61 | 0.56 | 0.55 | 0.55 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 0.11 | 0.12 | 0.13 | 0.15 | 0.15 | 0.16 | 0.17 | 0.18 | 0.19 | 0.19 | 0.19 | 0.17 | 0.18 | 0.20 | 0.21 | 0.19 | 0.19 | 0.22 | 0.24 | 0.23 | |||||||
| Lowe’s Cos. Inc. | 0.82 | 0.79 | 0.80 | 0.79 | 0.86 | 0.84 | 0.82 | 0.80 | 0.78 | 0.71 | 0.62 | 0.58 | 0.55 | 0.53 | 0.49 | 0.45 | 0.47 | 0.43 | 0.42 | 0.48 | 0.49 | 0.45 | 0.43 | 0.41 | |||||||
| TJX Cos. Inc. | — | 0.09 | 0.09 | 0.10 | 0.10 | 0.09 | 0.10 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.11 | 0.12 | 0.18 | 0.20 | 0.20 | 0.23 | 0.28 | 0.09 | 0.09 | 0.10 | 0.10 | |||||||
Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Q4 2025 Calculation
Debt to assets = Total debt ÷ Total assets
= 53,383 ÷ 96,119 = 0.56
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Home Depot Inc. debt to assets ratio improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
Debt to Assets (including Operating Lease Liability)
Home Depot Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 316) | 1,344) | 2,527) | 8) | —) | —) | —) | —) | —) | —) | 539) | —) | 1,035) | —) | —) | —) | —) | —) | —) | —) | 974) | 695) | —) | 372) | |||||||
| Current installments of long-term debt | 4,582) | 3,176) | 1,339) | 763) | 1,368) | 1,362) | 1,352) | 1,338) | 1,231) | 1,224) | 1,218) | 2,463) | 2,447) | 2,436) | 2,428) | 1,164) | 1,416) | 2,491) | 2,476) | 4,200) | 1,839) | 1,818) | 1,315) | 1,084) | |||||||
| Long-term debt, excluding current installments | 48,485) | 50,058) | 51,869) | 42,060) | 42,743) | 40,567) | 40,754) | 40,915) | 41,962) | 41,740) | 39,271) | 39,158) | 36,604) | 36,712) | 33,746) | 34,697) | 35,822) | 32,831) | 32,370) | 31,622) | 28,670) | 26,597) | 27,064) | 26,804) | |||||||
| Total debt | 53,383) | 54,578) | 55,735) | 42,831) | 44,111) | 41,929) | 42,106) | 42,253) | 43,193) | 42,964) | 41,028) | 41,621) | 40,086) | 39,148) | 36,174) | 35,861) | 37,238) | 35,322) | 34,846) | 35,822) | 31,483) | 29,110) | 28,379) | 28,260) | |||||||
| Current operating lease liabilities | 1,274) | 1,262) | 1,242) | 1,073) | 1,050) | 1,026) | 1,011) | 966) | 945) | 942) | 919) | 859) | 830) | 827) | 814) | 803) | 828) | 842) | 831) | 853) | 828) | 828) | 831) | 793) | |||||||
| Long-term operating lease liabilities | 7,633) | 7,538) | 7,635) | 7,107) | 7,082) | 6,300) | 6,376) | 6,209) | 6,226) | 5,807) | 5,431) | 5,335) | 5,353) | 5,290) | 5,360) | 5,279) | 5,356) | 4,880) | 4,895) | 5,075) | 5,066) | 5,113) | 5,263) | 5,145) | |||||||
| Total debt (including operating lease liability) | 62,290) | 63,378) | 64,612) | 51,011) | 52,243) | 49,255) | 49,493) | 49,428) | 50,364) | 49,713) | 47,378) | 47,815) | 46,269) | 45,265) | 42,348) | 41,943) | 43,422) | 41,044) | 40,572) | 41,750) | 37,377) | 35,051) | 34,473) | 34,198) | |||||||
| Total assets | 96,119) | 97,264) | 96,846) | 79,230) | 76,530) | 75,577) | 76,387) | 76,386) | 76,445) | 76,866) | 75,825) | 76,567) | 71,876) | 73,031) | 70,769) | 72,567) | 70,581) | 66,919) | 63,349) | 58,737) | 51,236) | 52,309) | 52,010) | 51,515) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.65 | 0.65 | 0.67 | 0.64 | 0.68 | 0.65 | 0.65 | 0.65 | 0.66 | 0.65 | 0.62 | 0.62 | 0.64 | 0.62 | 0.60 | 0.58 | 0.62 | 0.61 | 0.64 | 0.71 | 0.73 | 0.67 | 0.66 | 0.66 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 0.24 | 0.26 | 0.27 | 0.29 | 0.29 | 0.32 | 0.32 | 0.33 | 0.33 | 0.34 | 0.34 | 0.32 | 0.31 | 0.34 | 0.34 | 0.31 | 0.31 | 0.34 | 0.35 | 0.35 | |||||||
| Lowe’s Cos. Inc. | 0.92 | 0.89 | 0.90 | 0.89 | 0.96 | 0.94 | 0.91 | 0.88 | 0.87 | 0.81 | 0.72 | 0.68 | 0.66 | 0.63 | 0.58 | 0.54 | 0.56 | 0.52 | 0.51 | 0.57 | 0.60 | 0.56 | 0.54 | 0.51 | |||||||
| TJX Cos. Inc. | — | 0.39 | 0.41 | 0.43 | 0.42 | 0.41 | 0.43 | 0.45 | 0.45 | 0.44 | 0.47 | 0.46 | 0.44 | 0.43 | 0.45 | 0.49 | 0.50 | 0.50 | 0.59 | 0.65 | 0.47 | 0.47 | 0.50 | 0.50 | |||||||
Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Q4 2025 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 62,290 ÷ 96,119 = 0.65
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Home Depot Inc. debt to assets ratio (including operating lease liability) improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
Financial Leverage
Home Depot Inc., financial leverage calculation (quarterly data)
| Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Total assets | 96,119) | 97,264) | 96,846) | 79,230) | 76,530) | 75,577) | 76,387) | 76,386) | 76,445) | 76,866) | 75,825) | 76,567) | 71,876) | 73,031) | 70,769) | 72,567) | 70,581) | 66,919) | 63,349) | 58,737) | 51,236) | 52,309) | 52,010) | 51,515) | |||||||
| Stockholders’ equity (deficit) | 6,640) | 5,786) | 4,420) | 1,820) | 1,044) | 1,430) | 1,335) | 362) | 1,562) | 1,298) | 237) | (1,709) | (1,696) | 1,035) | 2,069) | 1,748) | 3,299) | 1,535) | (414) | (3,490) | (3,116) | (1,082) | (1,160) | (2,143) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Financial leverage1 | 14.48 | 16.81 | 21.91 | 43.53 | 73.30 | 52.85 | 57.22 | 211.01 | 48.94 | 59.22 | 319.94 | — | — | 70.56 | 34.20 | 41.51 | 21.39 | 43.60 | — | — | — | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 2.19 | 2.26 | 2.35 | 2.45 | 2.61 | 2.66 | 2.83 | 3.01 | 3.17 | 3.12 | 3.19 | 3.07 | 3.04 | 3.17 | 3.14 | 3.13 | 3.44 | 3.41 | 3.50 | 3.39 | |||||||
| Lowe’s Cos. Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 115.06 | 32.52 | 12.49 | 11.88 | 26.71 | 20.02 | 16.18 | 15.41 | 13.36 | |||||||
| TJX Cos. Inc. | — | 3.97 | 3.93 | 3.96 | 4.07 | 4.44 | 4.38 | 4.47 | 4.45 | 5.02 | 5.02 | 4.95 | 4.74 | 4.67 | 4.49 | 4.94 | 5.28 | 5.67 | 5.70 | 5.36 | 4.06 | 4.38 | 4.31 | 4.38 | |||||||
Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Q4 2025 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity (deficit)
= 96,119 ÷ 6,640 = 14.48
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Home Depot Inc. financial leverage ratio decreased from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |
Interest Coverage
Home Depot Inc., interest coverage calculation (quarterly data)
| Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Net earnings | 2,997) | 3,648) | 4,561) | 3,600) | 2,801) | 3,810) | 4,659) | 3,873) | 3,362) | 4,339) | 5,173) | 4,231) | 3,352) | 4,129) | 4,807) | 4,145) | 2,857) | 3,432) | 4,332) | 2,245) | 2,481) | 2,769) | 3,479) | 2,513) | |||||||
| Add: Income tax expense | 890) | 1,175) | 1,484) | 1,051) | 884) | 1,158) | 1,502) | 1,237) | 982) | 1,403) | 1,658) | 1,329) | 1,150) | 1,340) | 1,511) | 1,303) | 899) | 1,091) | 1,398) | 724) | 630) | 898) | 1,134) | 811) | |||||||
| Add: Interest expense | 638) | 625) | 573) | 485) | 513) | 487) | 469) | 474) | 451) | 413) | 381) | 372) | 341) | 341) | 326) | 339) | 337) | 340) | 346) | 324) | 309) | 302) | 302) | 288) | |||||||
| Earnings before interest and tax (EBIT) | 4,525) | 5,448) | 6,618) | 5,136) | 4,198) | 5,455) | 6,630) | 5,584) | 4,795) | 6,155) | 7,212) | 5,932) | 4,843) | 5,810) | 6,644) | 5,787) | 4,093) | 4,863) | 6,076) | 3,293) | 3,420) | 3,969) | 4,915) | 3,612) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Interest coverage1 | 9.36 | 9.74 | 10.40 | 10.96 | 11.25 | 11.94 | 12.82 | 13.81 | 14.90 | 16.02 | 16.58 | 16.83 | 17.14 | 16.63 | 15.94 | 15.29 | 13.60 | 13.38 | 13.08 | 12.61 | 13.25 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 29.48 | 24.49 | 20.63 | 16.43 | 12.80 | 8.24 | 5.60 | 2.27 | -1.51 | 5.61 | 6.57 | 13.02 | 22.09 | 18.81 | 21.05 | 19.96 | 15.69 | — | — | — | |||||||
Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Q4 2025 Calculation
Interest coverage
= (EBITQ4 2025
+ EBITQ3 2025
+ EBITQ2 2025
+ EBITQ1 2025)
÷ (Interest expenseQ4 2025
+ Interest expenseQ3 2025
+ Interest expenseQ2 2025
+ Interest expenseQ1 2025)
= (4,525 + 5,448 + 6,618 + 5,136)
÷ (638 + 625 + 573 + 485)
= 9.36
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Home Depot Inc. interest coverage ratio deteriorated from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025. |