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:
- Cash Flow Statement
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
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Home Depot Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 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
- The cash position exhibited a significant increase from February 2020, peaking in November 2020 at $14.7 billion, followed by a decline to $1.3 billion by May 2025. This pattern suggests the company initially accumulated liquidity, possibly in response to economic uncertainty, then reduced cash holdings over subsequent quarters.
- Receivables, net
- Receivables showed moderate fluctuation, increasing from $2.3 billion in May 2019 up to $5.9 billion by May 2025 with some short-term variability. This gradual increase indicates expanding credit sales or slower collections over time.
- Merchandise inventories
- Inventory levels rose notably from $15.5 billion in May 2019 to a peak of about $26.1 billion in July 2022, then declined to approximately $25.8 billion by May 2025. This overall growth and subsequent slight reduction imply aggressive inventory buildup possibly linked to supply chain considerations, followed by stabilization or inventory management improvements.
- Other current assets
- Other current assets increased from about $0.9 billion in May 2019 to a peak of $2.1 billion by July 2024 before dipping to $1.5 billion in May 2025. This trend aligns with overall growth in current assets but suggests some recent consolidation in this category.
- Current assets
- Overall current assets experienced considerable growth from roughly $20.5 billion in May 2019 to over $34.5 billion in May 2025, despite intermittent declines. The rise indicates enhanced liquidity and operational flexibility, with notable surges during the early pandemic period.
- Net property and equipment
- This asset base increased steadily and consistently from $22.3 billion in May 2019 to $26.8 billion by May 2025, reflecting ongoing investment in fixed assets supporting operational expansion or maintenance.
- Operating lease right-of-use assets
- The right-of-use assets for operating leases gradually increased from around $5.6 billion in May 2019 to nearly $8.7 billion by May 2025, indicating expanded lease commitments over the period, possibly related to store or facility growth.
- Goodwill
- Goodwill remained fairly stable near $2.2 billion before a sharp jump in January 2021 to around $7.1 billion, then steadily increased to almost $19.6 billion by May 2025. This substantial increment likely reflects significant acquisitions or business combinations executed starting in early 2021.
- Intangible assets, net
- Intangible assets data became available only from February 2024 onward, showing a slight decreasing trend from $9.2 billion to $8.9 billion by May 2025, suggesting amortization or write-downs affecting intangible assets post-acquisition.
- Other assets
- Other assets spiked sharply from under $1 billion to around $4.3 billion between August 2020 and January 2021, followed by moderate declines and fluctuations, and a steep drop to below $700 million by late 2024, indicating reclassification, disposal, or impairment of miscellaneous assets.
- Long-term assets
- Long-term assets steadily grew from $31.0 billion in May 2019 to nearly $64.6 billion by May 2025, with a notable increase post-January 2021 consistent with higher goodwill and intangible asset values, reflecting an increase in long-term investments including acquisitions.
- Total assets
- Total assets increased from $51.5 billion in May 2019 to almost $99.2 billion by May 2025. The asset base growth accelerated significantly around early 2021, corresponding with jumps in goodwill, long-term assets, and property and equipment, highlighting a period of expansion mainly driven by acquisitions and capital investment.