Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Home Depot Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Home Depot Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-08-02), 10-Q (reporting date: 2026-05-03), 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).
Total assets demonstrate a significant long-term growth trajectory, increasing from 58,737 million US dollars in May 2020 to 109,384 million US dollars by August 2026. This expansion is characterized by a steady rise in operational assets and a substantial structural shift in the balance sheet during mid-2024.
- Current Asset Dynamics
- Current assets grew from 27,277 million US dollars to 37,720 million US dollars over the analyzed period. A notable volatility is observed in cash and cash equivalents, which peaked at 14,652 million US dollars in November 2020 before trending downward and stabilizing between 1,300 and 4,300 million US dollars from 2022 onward. Conversely, merchandise inventories showed a consistent upward trend, rising from 14,989 million US dollars to a peak of 27,280 million US dollars in May 2026, indicating increased investment in stock. Receivables, net, also experienced a steady climb, starting at 2,610 million US dollars and reaching 6,963 million US dollars by the end of the period.
- Fixed and Long-Term Asset Evolution
- Long-term assets expanded dramatically from 31,460 million US dollars to 71,664 million US dollars. Net property and equipment maintained a gradual increase, moving from 22,697 million US dollars to 28,147 million US dollars. Operating lease right-of-use assets followed a similar growth pattern, rising from 5,634 million US dollars to 9,300 million US dollars, reflecting a consistent expansion of the physical footprint.
- Strategic Asset Shifts and Acquisitions
- A major structural change occurred in July 2024, marked by a surge in goodwill from 8,464 million US dollars to 19,414 million US dollars and the sudden recognition of intangible assets, net, valued at 9,214 million US dollars. This shift, coupled with a corresponding decrease in other assets from 4,234 million US dollars to 692 million US dollars in the same period, strongly suggests significant acquisition activity. By August 2026, goodwill continued to rise to 22,899 million US dollars, while intangible assets stabilized around 10,482 million US dollars.
The overall asset profile indicates a transition from a highly liquid position in 2020 toward a more asset-heavy structure. The growth is driven by a combination of organic operational expansion in inventory and property, and a large-scale inorganic expansion through acquisitions in 2024, which fundamentally altered the composition of the long-term asset base.