Home Depot Inc. (NYSE:HD)

The analysis of the quarterly financial data reveals several notable trends and variations across liabilities and equity components expressed as percentages of total liabilities and stockholders’ equity (deficit) over the observed periods.

Short-term Debt

This component shows sporadic presence with generally low percentages, mostly under 2%. Peaks occur occasionally, such as at 3.01% near the end of the period, indicating occasional reliance on short-term borrowing but without a consistent upward or downward trend.

Accounts Payable

Accounts payable fluctuate moderately between roughly 12% and 20%, with a downward trend observed from earlier periods around 20% dropping to lower teens in later quarters. This may suggest improved payment cycles or changes in purchasing practices.

Accrued Salaries and Related Expenses

This item remains relatively stable, generally ranging from about 2.1% to 3.8%. There is no strong trend upward or downward, suggesting consistent management of payroll accruals relative to total liabilities and equity.

Sales Taxes Payable

Sales taxes payable experience a gradual decline from around 1.5% early on to values near 0.6% in the latest periods. This reduction may reflect changing sales volumes or tax management strategies.

Deferred Revenue

Deferred revenue holds steady mostly between 2.4% and 5%, with a slight decrease towards the end of the data series. The pattern indicates stable advance payments or contract liabilities relative to total capital structure.

Income Taxes Payable

Initially negligible or unreported, this measure increases in some recent quarters, reaching around 0.8% before dipping again. This could reflect changes in tax liabilities or timing differences in tax payments.

Current Installments of Long-term Debt

This item shows significant volatility, with jumps from around 1.5% to more than 7% in certain quarters, possibly reflecting refinancing or repayment schedules affecting current liabilities.

Operating Lease Liabilities (Current and Long-term)

Current operating lease liabilities decline slightly over time from about 1.6% to near 1.3%, while long-term operating lease liabilities gradually decrease from near 10% to about 7.5%. These trends may suggest a reduction or restructuring of lease obligations.

Other Accrued Expenses

Generally stable around 4–6%, other accrued expenses do not exhibit strong trends but show minor fluctuations, suggesting consistent non-payroll accrued liabilities.

Current Liabilities

Current liabilities fluctuate between roughly 28% and 40%, with some decline observed into the later periods, potentially indicating changes in short-term obligations management.

Long-term Debt Excluding Current Installments

This major component consistently accounts for approximately 44% to 56%, declining over time from above 52% toward the lower end, signaling a gradual deleveraging or capital restructuring reducing long-term obligations relative to total capital.

Deferred Income Taxes

Absent or unreported during initial periods, deferred income taxes emerge later with small increases from about 1% to 2.7%, indicating evolving tax deferrals.

Other Long-term Liabilities

These liabilities show a modest decline from about 4% to 2.4%, reflecting a reduction in miscellaneous or contingent long-term obligations.

Total Liabilities

Total liabilities show a downward trend from above 104% down to near 89%, indicating a relative decrease in total liabilities against total liabilities plus stockholders’ equity over time.

Common Stock, Par Value

Common stock's proportion of total capital remains very low, slightly decreasing from 0.17% to approximately 0.08%, reflecting little dilution or change in par value basis.

Paid-in Capital

Paid-in capital decreases gradually from around 20.5% to near 13.7%, suggesting reduced contributions or share issuances relative to total capital base.

Retained Earnings

Retained earnings are a large positive component, fluctuating widely but generally increasing from about 82% to near 110% before dipping back toward 89% in latest periods. This trend indicates accumulated profits but with some recent decline or variation, possibly due to dividends or losses.

Accumulated Other Comprehensive Loss

This negative component remains relatively stable between −1.6% and −0.6%, reflecting consistent but limited accumulated losses in comprehensive income items.

Treasury Stock, at Cost

Treasury stock is a significant negative offset, consistently around −90% to −127%, tending to become less negative in later periods, indicating possible share buybacks moderation or reissuance.

Stockholders’ Equity (Deficit)

Equity fluctuates between negative and positive states, initially negative near −6%, improving through periods to positive near 11%, showing recovery from deficit to surplus equity. This reflects strengthening capital structure and possibly improved profitability or capital actions.

Overall, the financial structure suggests a gradual reduction in total liabilities relative to capital, a consistent presence of long-term debt though with some decline, stable operational accruals, and an improvement in equity position from deficit toward positive territory. Fluctuations in current installments of long-term debt and treasury stock levels highlight active balance sheet management. The stability in accrued salaries and expenses indicates consistent control over operating liabilities.