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

Microsoft Excel
Feb 1, 2026 Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021
Short-term debt 4.25 0.33 0.00 0.00 1.44 0.00
Accounts payable 10.93 12.42 13.12 14.97 18.73 16.44
Accrued salaries and related expenses 2.41 2.41 2.74 2.60 3.38 3.49
Sales taxes payable 0.48 0.65 0.59 0.69 1.18 1.10
Deferred revenue 2.45 2.72 3.61 4.01 5.00 4.00
Income taxes payable 0.11 0.87 0.04 0.07 0.22 0.27
Current installments of long-term debt 4.73 4.77 1.79 1.61 3.40 2.01
Current operating lease liabilities 1.35 1.33 1.37 1.24 1.15 1.17
Other accrued expenses 4.15 4.33 5.52 5.05 5.41 4.34
Current liabilities 30.85% 29.82% 28.77% 30.23% 39.92% 32.82%
Long-term debt, excluding current installments 44.09 50.44 55.85 54.89 50.93 50.75
Long-term operating lease liabilities 7.76 7.94 9.25 8.14 7.45 7.59
Deferred income taxes 2.71 2.04 1.13 1.33 1.26 1.60
Other long-term liabilities 2.39 2.85 3.64 3.36 2.80 2.56
Long-term liabilities 56.96% 63.27% 69.87% 67.73% 62.44% 62.50%
Total liabilities 87.81% 93.09% 98.64% 97.96% 102.36% 95.33%
Common stock, par value $0.05 0.09 0.09 0.12 0.12 0.13 0.13
Paid-in capital 14.09 14.69 17.18 16.47 16.88 16.35
Retained earnings 89.95 93.15 109.31 100.59 94.02 82.36
Accumulated other comprehensive loss -0.62 -1.17 -0.62 -0.94 -0.98 -0.95
Treasury stock, at cost -91.32 -99.85 -124.62 -114.20 -112.41 -93.22
Stockholders’ equity (deficit) 12.19% 6.91% 1.36% 2.04% -2.36% 4.67%
Total liabilities and stockholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2026-02-01), 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).

The composition of liabilities and stockholders’ equity has undergone significant shifts over the analyzed period, spanning from January 2021 to February 2026. Overall, a notable decrease in the proportion of total liabilities relative to total liabilities and stockholders’ equity is observed, coupled with a corresponding increase in the proportion of stockholders’ equity, particularly towards the later years of the period.

Current Liabilities
Current liabilities as a percentage of the total initially stood at 32.82% in January 2021, peaking at 39.92% in January 2022 before declining to 30.85% by February 2026. Within current liabilities, accounts payable exhibited a decreasing trend from 16.44% to 10.93%, while accrued salaries and related expenses showed a more moderate decline from 3.49% to 2.41%. Sales taxes payable decreased substantially, from 1.10% to 0.48%. Deferred revenue also decreased, from 4.00% to 2.45%. Current installments of long-term debt demonstrated volatility, increasing to 3.40% in 2022 before settling at 4.73% in February 2026. Current operating lease liabilities remained relatively stable, fluctuating between 1.15% and 1.37%.
Long-Term Liabilities
Long-term liabilities initially comprised 62.50% of the total in January 2021, reaching a high of 69.87% in January 2024, and then decreasing to 56.96% by February 2026. Long-term debt, excluding current installments, remained consistently high, fluctuating between 50.75% and 55.85% before decreasing to 44.09%. Long-term operating lease liabilities showed a similar pattern, peaking at 9.25% in January 2024 and declining to 7.76% in February 2026. Deferred income taxes increased from 1.60% to 2.71% over the period.
Stockholders’ Equity
Stockholders’ equity experienced the most dramatic changes. Initially, it represented only 4.67% of the total in January 2021, even showing a deficit of -2.36% in January 2022. However, it increased substantially to 12.19% by February 2026. This increase was primarily driven by a significant rise in retained earnings, which grew from 82.36% to 89.95%. Treasury stock consistently represented a substantial reduction in equity, fluctuating between -93.22% and -124.62% before decreasing to -91.32%. Common stock and paid-in capital remained relatively stable, while accumulated other comprehensive loss increased in magnitude from -0.95% to -1.17% before decreasing to -0.62%.

The overall trend indicates a shift away from reliance on debt financing towards a stronger equity position. The reduction in total liabilities, coupled with the growth in retained earnings, suggests improved profitability and financial stability. The volatility in certain current liability accounts warrants further investigation, but the general pattern suggests effective working capital management. The significant changes in treasury stock also merit attention, potentially indicating share repurchase activity.

AI Ask an analyst for more