Stock Analysis on Net
Stock Analysis on Net

Home Depot Inc. (NYSE:HD)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Home Depot Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Short-term debt 0.33 0.00 0.00 1.44 0.00 1.90
Accounts payable 12.42 13.12 14.97 18.73 16.44 15.20
Accrued salaries and related expenses 2.41 2.74 2.60 3.38 3.49 2.92
Sales taxes payable 0.65 0.59 0.69 1.18 1.10 1.18
Deferred revenue 2.72 3.61 4.01 5.00 4.00 4.13
Income taxes payable 0.87 0.04 0.07 0.22 0.27 0.11
Current installments of long-term debt 4.77 1.79 1.61 3.40 2.01 3.59
Current operating lease liabilities 1.33 1.37 1.24 1.15 1.17 1.62
Other accrued expenses 4.33 5.52 5.05 5.41 4.34 5.22
Current liabilities 29.82% 28.77% 30.23% 39.92% 32.82% 35.86%
Long-term debt, excluding current installments 50.44 55.85 54.89 50.93 50.75 55.96
Long-term operating lease liabilities 7.94 9.25 8.14 7.45 7.59 9.89
Deferred income taxes 2.04 1.13 1.33 1.26 1.60 1.38
Other long-term liabilities 2.85 3.64 3.36 2.80 2.56 3.00
Long-term liabilities 63.27% 69.87% 67.73% 62.44% 62.50% 70.22%
Total liabilities 93.09% 98.64% 97.96% 102.36% 95.33% 106.08%
Common stock, par value $0.05 0.09 0.12 0.12 0.13 0.13 0.17
Paid-in capital 14.69 17.18 16.47 16.88 16.35 21.47
Retained earnings 93.15 109.31 100.59 94.02 82.36 100.96
Accumulated other comprehensive loss -1.17 -0.62 -0.94 -0.98 -0.95 -1.44
Treasury stock, at cost -99.85 -124.62 -114.20 -112.41 -93.22 -127.25
Stockholders’ equity (deficit) 6.91% 1.36% 2.04% -2.36% 4.67% -6.08%
Total liabilities and stockholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

Short-term debt
Exhibited a decline from 1.9% in early 2020 to 0.33% in early 2025, indicating a reduced reliance on short-term borrowings within the capital structure over the observed period.
Accounts payable
Increased from 15.2% in 2020 to a peak of 18.73% in 2022, followed by a steady decline to 12.42% by 2025. This suggests initial growth in trade credit usage, then a subsequent reduction.
Accrued salaries and related expenses
Remained relatively stable between 2.41% and 3.49%, with a slight downward trend toward the later years, reflecting modest fluctuations in accrued employee-related obligations.
Sales taxes payable
Showed a general decrease from 1.18% to 0.65%, indicating a slight reduction in sales-related tax liabilities as a proportion of total financing.
Deferred revenue
Peaked at 5% in 2022 but decreased progressively afterward to 2.72% in 2025, suggesting a decline in unearned revenue obligations over time.
Income taxes payable
Varied with a generally low presence, fluctuating between 0.04% and 0.87%, with an unusual spike in 2025.
Current installments of long-term debt
Fluctuated notably from 3.59% in 2020 down to 1.61% in 2023 before rising to 4.77% in 2025, indicating varying amounts of debt maturing within one year.
Current operating lease liabilities
Remained relatively consistent around 1.2% to 1.4%, showing stable short-term lease obligations relative to total financing.
Other accrued expenses
Displayed slight variability, ranging roughly between 4.33% and 5.52%, with no clear trend.
Current liabilities
Varied between 28.77% and 39.92%, peaking in 2022 and declining afterward, indicating fluctuations in short-term obligations relative to total financing.
Long-term debt, excluding current installments
Remained the largest component of financing, fluctuating between approximately 50.44% and 55.96%, peaking in 2024, signaling consistently significant long-term debt presence.
Long-term operating lease liabilities
Exhibited modest fluctuations between 7.45% and 9.25%, suggesting relatively stable long-term lease commitments.
Deferred income taxes
Generally low but variable, with an increase to 2.04% in 2025, indicating some changes in deferred tax liabilities toward the end of the period.
Other long-term liabilities
Remained stable between 2.56% and 3.64%, without significant deviations.
Long-term liabilities
Accounted for the majority of total liabilities, ranging from 62.44% to 70.22%, peaking in 2024. This highlights a heavy reliance on longer-term financial obligations.
Total liabilities
Varied between 93.09% and 106.08%, generally trending downward after peaking in 2020, indicating an overall reduction in liabilities relative to total financing.
Common stock, par value $0.05
Remained negligible and stable at around 0.09% to 0.17%, reflecting minimal impact on total capital structure.
Paid-in capital
Declined from 21.47% in 2020 to 14.69% in 2025, suggesting reduced additional capital contributions or changes in equity financing.
Retained earnings
Displayed substantial fluctuations, decreasing from a high of 109.31% in 2024 to 93.15% by 2025, but remaining the dominant component of equity, reflecting accumulated profitability over time.
Accumulated other comprehensive loss
Stayed negative throughout, fluctuating between -0.62% and -1.44%, indicating persistent, though relatively small, comprehensive losses.
Treasury stock, at cost
Remained significantly negative, varying from -99.85% to -127.25%, revealing substantial repurchases or holdings of treasury stock which reduce total shareholders’ equity.
Stockholders’ equity (deficit)
Displayed considerable volatility, moving from a deficit of -6.08% in 2020 to positive territory reaching 6.91% in 2025. This reflects fluctuations in net equity position influenced by retained earnings and treasury stock levels.
Total liabilities and stockholders’ equity (deficit)
Remained constant at 100%, confirming proper balance sheet equilibrium throughout the periods.