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
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Home Depot Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 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), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
- Cash and cash equivalents
- Cash balances showed pronounced volatility over the periods, peaking at 14,652 million USD in November 2020 and subsequently declining sharply through the following quarters. After a trough around early 2022, there was a partial recovery but no return to previous highs. The recent trend exhibits alternating increases and decreases, reflecting potential changes in liquidity management or operational cash flow fluctuations.
- Receivables, net
- Receivables generally trended upward from 2,317 million USD in May 2019 to above 5,800 million USD by mid-2025, suggestive of sales growth or extended credit terms with customers. Some quarters, such as late 2022 to early 2023, showed minor contractions but overall the progression points to increasing amounts owed by customers.
- Merchandise inventories
- Inventory levels exhibited overall growth from approximately 15,495 million USD in mid-2019 to a peak of above 25,700 million USD during mid-2025 periods. Fluctuations occurred, particularly post-2022 where inventories displayed slight reduction trends intermittently. The growth in inventory indicates expansion in stock holdings, possibly to meet increasing demand or buffer supply chain uncertainties.
- Other current assets
- This category rose progressively from below 900 million USD in early 2019 to around 2,100 million USD in late 2024, reflecting a growing portion of current assets outside of cash, receivables, and inventory. The increase suggests diversification of current assets or growing prepaid expenses and similar items.
- Current assets
- Total current assets expanded significantly from approximately 20,553 million USD to over 35,000 million USD across the analyzed quarters. The increases are aligned with rises in receivables and inventories, while cash fluctuations contributed to short-term variability. This overall growth in current assets indicates increasing operational scale or asset accumulation for short-term use.
- Net property and equipment
- Net property and equipment showed consistent growth, climbing from roughly 22,270 million USD to around 26,800 million USD by mid-2025. The steady increase points to ongoing investments in long-term fixed assets, reflecting potential expansion of physical infrastructure or replacement investments.
- Operating lease right-of-use assets
- These assets increased gradually from about 5,629 million USD in 2019 to nearly 8,700 million USD by mid-2025, demonstrating growing commitments under operating leases. The trend suggests increased reliance on leased properties or assets in the company's operations.
- Goodwill
- Goodwill showed a marked jump from near 2,250 million USD in 2019 to above 19,600 million USD in mid-2025, with the largest increase occurring between early 2020 and early 2021. This likely reflects significant acquisition activity, substantially increasing the intangible value placed on acquired entities.
- Intangible assets, net
- Data on intangible assets started appearing from early 2024 and showed a slight decline from approximately 9,214 million USD to about 8,770 million USD by mid-2025. This may indicate amortization or impairment effects reducing these asset values over time.
- Other assets
- Other assets displayed an irregular pattern, initially modest around 800 million USD, then spiking to over 4,300 million USD in early 2021, before rising to nearly 4,300 million USD again late 2022 and plummeting to below 700 million USD by mid-2025. This volatility suggests reclassification, disposals, or other one-time adjustments impacting this line item.
- Long-term assets
- Long-term assets increased steadily, with a significant leap from about 31,000 million USD in 2019 to over 64,600 million USD by mid-2025. The dramatic rise in 2021 aligns with goodwill and intangible asset increases, confirming substantial investment or acquisition activities enhancing the company's long-lasting asset base.
- Total assets
- Total assets grew from approximately 51,515 million USD in mid-2019 to over 100,000 million USD by mid-2025, nearly doubling over the span. The increase reflects expansions across current and long-term asset classes. Notable jumps correspond to acquisition periods and asset growth phases, indicating robust asset accumulation and a scaling business profile.