Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Common-Size Income Statement
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Net Profit Margin since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Home Depot Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 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), 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).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets exhibits notable volatility. It peaks sharply around May to November 2020, reaching over 22%, likely reflecting increased liquidity holdings during that period. Subsequently, there is a consistent decline, stabilizing below 5% from mid-2022 through 2025, indicating a strategic reduction in cash holdings relative to assets.
- Receivables, Net
- Receivables as a percentage of total assets have remained relatively stable with slight fluctuations. The values range mostly between 4% and 6%, showing a modest upward trend from 2021 onward, peaking at 5.94% by May 2025. This may suggest a gradual increase in credit sales or collection timing adjustments.
- Merchandise Inventories
- Inventory levels show a decreasing trend from 30% in early 2019 down to around 24-26% by the end of 2024. There are some fluctuations, with peaks around mid-2022 and early 2023. The overall decline could suggest improved inventory management or shifts in sales volume or product strategy.
- Other Current Assets
- This category maintains a generally stable presence around 1.5% to 2.5%. Slight increases are visible in the earlier periods, with more consistent values between 1.5% and 2.3% after 2022, indicating no significant changes in composition or proportion of current assets classified here.
- Current Assets
- The percentage of current assets relative to total assets shows considerable variability. An uptick is observed in May through November 2020, peaking nearly at 51.56%, coinciding with the cash spike, followed by a downward trend stabilizing between approximately 33% and 44% in subsequent years. This suggests shifting liquidity positions and working capital adjustments.
- Net Property and Equipment
- The proportion of net property and equipment to total assets generally declines from about 43% in 2019 to around 27-33% in 2024 and 2025. There are minor rebounds but the overall trend is downward. This may reflect asset disposals, depreciation outpacing new investments, or business model evolution.
- Operating Lease Right-of-Use Assets
- This asset class fluctuates mildly, mostly between 7.8% and 10.9%. There is a gradual decline up to mid-2020 but a slow increase afterward, reaching above 9% in 2023 and early 2024. Changes likely reflect adjustments in lease arrangements or accounting standards impacting right-of-use asset recognition.
- Goodwill
- The goodwill proportion remains relatively stable around 4.3% until early 2020, followed by a dramatic increase peaking at around 20% by late 2024 before slightly decreasing. This unusual increase suggests significant acquisitions or reclassifications increasing intangible goodwill recorded on the balance sheet during this later period.
- Intangible Assets, Net
- Intangible assets are only reported in the final periods and consistently represent about 9% of total assets, supporting the indication from goodwill trends of increased acquisition-related or developed intangible assets in recent quarters.
- Other Assets
- The share of other assets is low but experiences sharp increase starting from early 2021 to mid-2023, reaching over 5%, before declining sharply to approximately 0.7% by late 2024. This pattern indicates a temporary buildup followed by substantial reduction or reclassification of other asset components.
- Long-Term Assets
- The long-term asset proportion generally follows a declining trend from over 60% in 2019 down to about 50% by 2020, then climbing again past 60% into 2023, before reaching over 65% in 2024. This suggests dynamic shifts in asset structure, balancing between current and long-term assets possibly due to strategic investments or disposals.