Stock Analysis on Net
Stock Analysis on Net

Home Depot Inc. (NYSE:HD)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Home Depot Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Short-term debt 4.25 3.01 0.00 0.04 0.33 1.38 2.61 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.71 0.00 1.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts payable 10.93 12.46 13.08 14.82 12.42 13.89 13.64 15.86 13.12 15.19 15.85 16.53 14.97 16.13 18.92 20.07 18.73 18.31 18.11 19.97 16.44 19.28 18.45 17.12
Accrued salaries and related expenses 2.41 2.11 2.38 2.20 2.41 2.15 2.17 2.53 2.74 2.69 2.65 2.53 2.60 2.52 2.91 2.62 3.38 2.78 3.29 2.99 3.49 3.25 3.79 3.36
Sales taxes payable 0.48 0.63 0.66 0.77 0.65 0.67 0.67 0.85 0.59 0.78 0.83 0.89 0.69 0.83 1.42 1.49 1.18 1.33 1.43 1.58 1.10 1.29 1.43 1.46
Deferred revenue 2.45 2.39 2.60 2.80 2.72 2.67 2.84 3.59 3.61 3.68 4.03 4.08 4.01 4.13 4.67 4.80 5.00 4.79 4.94 4.71 4.00 3.98 3.96 3.71
Income taxes payable 0.11 0.04 0.04 0.84 0.87 0.10 0.04 0.80 0.04 0.40 0.02 1.38 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current installments of long-term debt 4.73 6.09 6.40 4.93 4.77 3.27 1.38 0.96 1.79 1.80 1.77 1.75 1.61 1.59 1.61 3.22 3.40 3.34 3.43 1.60 2.01 3.72 3.91 7.15
Current operating lease liabilities 1.35 1.33 1.34 1.32 1.33 1.30 1.28 1.35 1.37 1.36 1.32 1.26 1.24 1.23 1.21 1.12 1.15 1.13 1.15 1.11 1.17 1.26 1.31 1.45
Other accrued expenses 4.15 4.27 4.33 4.14 4.33 4.49 4.40 4.79 5.52 5.28 5.25 4.88 5.05 5.16 5.26 6.37 5.63 5.16 5.32 6.29 4.61 5.17 5.34 5.50
Current liabilities 30.85% 32.34% 30.83% 31.86% 29.82% 29.91% 29.04% 30.74% 28.77% 31.19% 31.72% 33.31% 30.23% 31.59% 36.71% 39.69% 39.92% 36.84% 37.68% 38.25% 32.82% 37.95% 38.20% 39.75%
Long-term debt, excluding current installments 44.09 43.61 45.89 47.75 50.44 51.47 53.56 53.09 55.85 53.68 53.35 53.56 54.89 54.30 51.79 51.14 50.93 50.27 47.68 47.81 50.75 49.06 51.10 53.84
Long-term operating lease liabilities 7.76 7.51 7.66 7.78 7.94 7.75 7.88 8.97 9.25 8.34 8.35 8.13 8.14 7.55 7.16 6.97 7.45 7.24 7.57 7.27 7.59 7.29 7.73 8.64
Deferred income taxes 2.71 2.71 2.49 2.01 2.04 2.14 2.14 1.19 1.13 1.00 1.25 1.25 1.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other long-term liabilities 2.39 2.43 2.46 2.58 2.85 2.78 2.81 3.71 3.64 3.91 3.59 3.27 3.36 4.87 4.03 4.44 4.07 4.23 4.14 4.25 4.16 3.40 3.63 3.71
Long-term liabilities 56.96% 56.26% 58.51% 60.12% 63.27% 64.14% 66.40% 66.96% 69.87% 66.92% 66.54% 66.21% 67.73% 66.72% 62.98% 62.55% 62.44% 61.75% 59.40% 59.34% 62.50% 59.76% 62.45% 66.19%
Total liabilities 87.81% 88.60% 89.34% 91.98% 93.09% 94.05% 95.44% 97.70% 98.64% 98.11% 98.25% 99.53% 97.96% 98.31% 99.69% 102.23% 102.36% 98.58% 97.08% 97.59% 95.33% 97.71% 100.65% 105.94%
Common stock, par value $0.05 0.09 0.08 0.09 0.09 0.09 0.09 0.09 0.11 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.13 0.12 0.13 0.12 0.13 0.13 0.14 0.15
Paid-in capital 14.09 13.70 14.43 14.28 14.69 14.22 14.18 16.60 17.18 17.10 16.81 16.47 16.47 16.11 16.23 15.78 16.88 16.28 16.67 15.92 16.35 16.90 17.72 18.74
Retained earnings 89.95 88.69 92.90 91.45 93.15 91.27 90.20 107.32 109.31 109.73 106.32 102.97 100.59 98.18 96.37 91.23 94.02 90.31 89.81 83.38 82.36 85.02 86.94 89.13
Accumulated other comprehensive loss -0.62 -0.77 -0.83 -1.01 -1.17 -0.97 -0.81 -0.60 -0.62 -0.88 -0.61 -0.83 -0.94 -1.11 -0.89 -0.89 -0.98 -0.82 -0.83 -0.84 -0.95 -1.44 -1.60 -1.95
Treasury stock, at cost -91.32 -90.31 -95.92 -96.79 -99.85 -98.67 -99.10 -121.13 -124.62 -124.19 -120.89 -118.25 -114.20 -111.61 -111.53 -108.46 -112.41 -104.47 -102.86 -96.18 -93.22 -98.32 -103.86 -112.01
Stockholders’ equity (deficit) 12.19% 11.40% 10.66% 8.02% 6.91% 5.95% 4.56% 2.30% 1.36% 1.89% 1.75% 0.47% 2.04% 1.69% 0.31% -2.23% -2.36% 1.42% 2.92% 2.41% 4.67% 2.29% -0.65% -5.94%
Total liabilities and stockholders’ equity (deficit) 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 liabilities and stockholders’ equity exhibited notable shifts over the observed period, spanning from May 2020 to February 2026. Overall, a decrease in the proportion of total liabilities relative to stockholders’ equity is apparent, particularly in the later periods. Several specific liability accounts demonstrate consistent trends, while stockholders’ equity components show more dynamic behavior.

Short-Term Debt
Short-term debt as a percentage of the total remained largely insignificant for most of the period, fluctuating around zero. A brief increase was observed in January 2022 (1.44%) and again in February 2026 (4.25%), suggesting potential short-term financing needs around those dates. The most recent observation in February 2026 shows a substantial increase compared to prior periods.
Accounts Payable
Accounts payable consistently represented a significant portion of total liabilities and equity, generally ranging between 13% and 20%. A gradual downward trend is discernible from a peak of 19.97% in May 2021 to 12.42% in July 2024, before a slight increase to 14.82% in April 2025. This suggests improved management of supplier payments or changes in purchasing patterns.
Accrued Expenses
Accrued salaries and related expenses, along with other accrued expenses, demonstrated relative stability. Accrued salaries generally decreased from 3.79% in August 2020 to around 2.1% - 2.4% in the later periods. Other accrued expenses followed a similar pattern, declining from 5.50% to 4.15% by February 2026. These trends could indicate improved expense control or changes in accrual policies.
Deferred Revenue
Deferred revenue exhibited a moderate decline over the period, decreasing from 3.96% in August 2020 to 2.45% in February 2026. This suggests a consistent recognition of revenue previously received for future services or goods.
Current and Long-Term Debt
Current installments of long-term debt showed considerable fluctuation, decreasing from 7.15% in May 2020 to 1.79% in January 2024, then increasing to 4.77% in February 2026. Long-term debt, excluding current installments, remained a substantial component, generally between 47% and 56%. Long-term operating lease liabilities remained relatively stable, fluctuating between 7% and 9%. The combined effect of these debt components indicates a shift in the company’s debt structure over time.
Stockholders’ Equity
The composition of stockholders’ equity underwent significant changes. Treasury stock consistently represented a large negative percentage, increasing in absolute value from -112.01% in May 2020 to -124.62% in January 2024, before decreasing to -91.32% in February 2026. Retained earnings increased substantially over the period, rising from 89.13% in May 2020 to 12.19% in February 2026, indicating accumulated profits. Common stock and paid-in capital remained relatively stable, while accumulated other comprehensive loss remained a small negative percentage. The net effect of these changes resulted in a significant increase in stockholders’ equity as a percentage of the total, moving from a negative value (-5.94%) in May 2020 to a positive value (12.19%) in February 2026.

In summary, the company demonstrated a strengthening equity position and a more manageable liability structure over the analyzed timeframe. The reduction in accounts payable and accrued expenses, coupled with the growth in retained earnings, suggests improved financial health and operational efficiency. The fluctuations in short-term and long-term debt warrant continued monitoring to assess potential financing risks.

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