Home Depot Inc., current enterprise value calculation

Current share price (P)	$409.38
No. shares of common stock outstanding	993,362,612
US$ in millions
Common equity (market value)¹	406,663)
Total equity	406,663)
Add: Short-term debt (per books)	—)
Add: Current installments of long-term debt (per books)	1,368)
Add: Long-term debt, excluding current installments (per books)	42,743)
Total equity and debt	450,774)
Less: Cash and cash equivalents	3,760)
Enterprise value (EV)	447,014)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 409.38 × 993,362,612

Home Depot Inc., EV calculation

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Share price^1, 2	$378.99	$287.97	$317.05	$292.75	$181.76	$190.06
No. shares of common stock outstanding¹	991,015,773	1,014,955,506	1,033,349,933	1,077,069,383	1,074,741,592	1,103,903,507
US$ in millions
Common equity (market value)³	375,585)	292,277)	327,624)	315,312)	195,345)	209,808)
Total equity	375,585)	292,277)	327,624)	315,312)	195,345)	209,808)
Add: Short-term debt (book value)	—)	—)	1,035)	—)	974)	1,339)
Add: Current installments of long-term debt (book value)	1,368)	1,231)	2,447)	1,416)	1,839)	1,056)
Add: Long-term debt, excluding current installments (book value)	42,743)	41,962)	36,604)	35,822)	28,670)	26,807)
Total equity and debt	419,696)	335,470)	367,710)	352,550)	226,828)	239,010)
Less: Cash and cash equivalents	3,760)	2,757)	2,343)	7,895)	2,133)	1,778)
Enterprise value (EV)	415,936)	332,713)	365,367)	344,655)	224,695)	237,232)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Home Depot Inc. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 378.99 × 991,015,773

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Home Depot Inc. EV decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Home Depot Inc. (NYSE:HD)

Enterprise Value (EV)