Stock Analysis on Net
Stock Analysis on Net

Home Depot Inc. (NYSE:HD)

Common-Size Balance Sheet: Assets 
Quarterly Data

Home Depot Inc., common-size consolidated balance sheet: assets (quarterly data)

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Feb 1, 2026 Nov 2, 2025 Aug 3, 2025 May 4, 2025 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
Cash and cash equivalents 1.32 1.58 2.80 1.38 1.73 1.57 1.67 5.38 4.91 2.72 3.68 1.65 3.61 3.20 1.66 3.71 3.26 6.94 6.45 9.16 11.19 21.90 22.32 14.80
Receivables, net 5.33 6.37 5.88 5.94 5.10 5.94 5.68 5.18 4.35 5.20 5.02 5.52 4.34 4.86 4.91 5.14 4.77 4.84 4.69 4.99 4.24 3.98 4.04 4.44
Merchandise inventories 24.57 24.66 24.83 25.98 24.40 24.57 23.81 28.29 27.41 30.17 30.46 33.21 32.55 33.46 34.41 33.04 30.70 28.18 26.72 26.43 23.56 24.14 21.31 25.52
Other current assets 1.51 1.38 1.87 1.52 1.74 1.79 2.17 2.32 2.24 2.50 2.51 2.07 1.98 2.30 2.46 2.34 1.69 1.76 2.07 1.68 1.36 1.54 1.83 1.67
Current assets 32.72% 33.98% 35.37% 34.82% 32.96% 33.88% 33.32% 41.17% 38.91% 40.60% 41.67% 42.45% 42.48% 43.82% 43.44% 44.23% 40.42% 41.72% 39.94% 42.27% 40.35% 51.56% 49.51% 46.44%
Net property and equipment 26.66 26.05 26.88 27.01 27.78 27.32 27.51 32.81 34.17 34.05 33.88 33.61 33.53 32.84 33.30 32.87 35.06 34.14 34.97 34.00 35.00 35.64 36.92 38.64
Operating lease right-of-use assets 8.76 8.51 8.66 8.77 8.94 8.76 8.89 9.99 10.30 9.36 9.35 9.07 9.08 8.49 8.09 7.81 8.30 8.08 8.42 8.08 8.45 8.12 8.58 9.59
Goodwill 21.26 20.95 19.61 19.73 20.26 19.97 20.05 10.68 11.05 10.50 10.03 9.75 9.74 9.67 9.83 9.73 10.36 10.19 10.53 9.84 10.10 3.34 3.52 3.78
Intangible assets, net 9.83 9.80 8.77 8.96 9.35 9.37 9.51 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 0.00
Other assets 0.77 0.71 0.71 0.70 0.71 0.70 0.71 5.34 5.57 5.49 5.07 5.12 5.18 5.19 5.35 5.36 5.85 5.86 6.14 5.82 6.11 1.34 1.47 1.55
Long-term assets 67.28% 66.02% 64.63% 65.18% 67.04% 66.12% 66.68% 58.83% 61.09% 59.40% 58.33% 57.55% 57.52% 56.18% 56.56% 55.77% 59.58% 58.28% 60.06% 57.73% 59.65% 48.44% 50.49% 53.56%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2026-02-01), 10-Q (reporting date: 2025-11-02), 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 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).

The composition of assets at the company has undergone notable shifts over the analyzed period, spanning from May 2020 to February 2026. Current assets, while consistently representing a significant portion of the total, demonstrate cyclical fluctuations. Long-term assets have also exhibited considerable changes, particularly with respect to goodwill and intangible assets.

Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets experienced a substantial increase from May 2020 (14.80%) to August 2020 (22.32%), followed by a decline to 11.19% by January 2021. This trend continued downward, reaching a low of 1.66% in July 2022, before exhibiting some volatility, peaking at 5.38% in April 2024, and then decreasing again to 1.58% in February 2026. This suggests a dynamic cash management strategy, potentially influenced by seasonal sales patterns or strategic investments.
Receivables, Net
Receivables, net, as a percentage of total assets, generally trended upward from 4.44% in May 2020 to a peak of 6.37% in November 2025. Prior to this, there were fluctuations, but the overall direction was increasing. This could indicate a change in credit policies or increased sales on credit. A slight decrease is observed in the final period, ending at 5.33% in February 2026.
Merchandise Inventories
Merchandise inventories represent a substantial and relatively stable portion of total assets, fluctuating between approximately 21% and 34%. A noticeable increase occurred from May 2021 (26.43%) to July 2022 (34.41%), followed by a gradual decline to 24.66% in November 2025, and a slight increase to 24.83% in February 2026. This suggests potential inventory management adjustments in response to demand or supply chain conditions.
Net Property and Equipment
Net property and equipment remained a significant component of total assets, generally ranging between 33% and 39%. A slight downward trend is observed over the period, decreasing from 38.64% in May 2020 to 26.88% in February 2026. This could be due to depreciation, asset sales, or a shift in investment strategy.
Goodwill and Intangible Assets
Goodwill experienced a significant increase from 3.78% in May 2020 to 11.05% in January 2024, before decreasing to 21.26% in February 2026. Intangible assets, first appearing in July 2024, represent a growing portion of long-term assets, increasing from 9.51% to 9.83% over the analyzed period. The substantial growth in these items suggests potential acquisitions or increased investment in intellectual property. The increase in goodwill is particularly noteworthy.
Operating Lease Right-of-Use Assets
Operating lease right-of-use assets remained relatively stable, fluctuating between approximately 8% and 10% of total assets. A slight increase is observed towards the end of the period, reaching 8.76% in February 2026. This indicates a consistent reliance on leased assets for operations.
Overall Asset Composition
The balance between current and long-term assets shifted over the period. While current assets initially represented a larger proportion, the increasing value of goodwill and intangible assets led to a greater share of total assets being allocated to long-term assets, particularly from 2024 onwards. This suggests a potential strategic shift towards longer-term investments and a greater emphasis on intangible value.

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