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.

Home Depot Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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
Cash and cash equivalents	1,389)	1,684)	2,804)	1,369)	1,659)	1,531)	1,613)	4,264)	3,760)	2,058)	2,814)	1,260)	2,757)	2,462)	1,259)	2,844)	2,343)	5,067)	4,566)	6,648)	7,895)	14,652)	14,139)	8,696)
Receivables, net	5,597)	6,765)	5,878)	5,886)	4,903)	5,782)	5,503)	4,105)	3,328)	3,932)	3,836)	4,213)	3,317)	3,732)	3,725)	3,936)	3,426)	3,533)	3,322)	3,624)	2,992)	2,666)	2,562)	2,610)
Merchandise inventories	25,817)	26,203)	24,843)	25,763)	23,451)	23,897)	23,060)	22,416)	20,976)	22,805)	23,265)	25,371)	24,886)	25,719)	26,088)	25,297)	22,068)	20,582)	18,909)	19,178)	16,627)	16,155)	13,498)	14,989)
Other current assets	1,588)	1,463)	1,866)	1,511)	1,670)	1,739)	2,097)	1,837)	1,711)	1,887)	1,915)	1,579)	1,511)	1,768)	1,869)	1,790)	1,218)	1,284)	1,465)	1,222)	963)	1,032)	1,162)	982)
Current assets	34,391)	36,115)	35,391)	34,529)	31,683)	32,949)	32,273)	32,622)	29,775)	30,682)	31,830)	32,423)	32,471)	33,681)	32,941)	33,867)	29,055)	30,466)	28,262)	30,672)	28,477)	34,505)	31,361)	27,277)
Net property and equipment	28,021)	27,683)	26,896)	26,780)	26,702)	26,573)	26,640)	25,997)	26,154)	25,735)	25,879)	25,674)	25,631)	25,240)	25,247)	25,166)	25,199)	24,935)	24,750)	24,673)	24,705)	23,848)	23,387)	22,697)
Operating lease right-of-use assets	9,204)	9,041)	8,662)	8,699)	8,592)	8,521)	8,613)	7,913)	7,884)	7,071)	7,139)	6,931)	6,941)	6,523)	6,132)	5,980)	5,968)	5,903)	5,960)	5,864)	5,962)	5,433)	5,436)	5,634)
Goodwill	22,344)	22,267)	19,619)	19,568)	19,475)	19,428)	19,414)	8,464)	8,455)	7,937)	7,664)	7,447)	7,444)	7,434)	7,451)	7,450)	7,449)	7,445)	7,454)	7,137)	7,126)	2,236)	2,233)	2,220)
Intangible assets, net	10,329)	10,416)	8,770)	8,888)	8,983)	9,112)	9,214)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets	806)	752)	711)	693)	684)	681)	692)	4,234)	4,262)	4,152)	3,875)	3,911)	3,958)	3,988)	4,054)	4,104)	4,205)	4,282)	4,343)	4,221)	4,311)	897)	932)	909)
Long-term assets	70,704)	70,159)	64,658)	64,628)	64,436)	64,315)	64,573)	46,608)	46,755)	44,895)	44,557)	43,963)	43,974)	43,185)	42,884)	42,700)	42,821)	42,565)	42,507)	41,895)	42,104)	32,414)	31,988)	31,460)
Total assets	105,095)	106,274)	100,049)	99,157)	96,119)	97,264)	96,846)	79,230)	76,530)	75,577)	76,387)	76,386)	76,445)	76,866)	75,825)	76,567)	71,876)	73,031)	70,769)	72,567)	70,581)	66,919)	63,349)	58,737)

Overall, the company’s total assets exhibited a general upward trend over the observed period, although with notable fluctuations. From May 2020 to July 2023, asset growth was relatively consistent. However, a significant increase occurred between July 2023 and February 2025, followed by a stabilization and slight decline in the most recent periods. The composition of assets also underwent changes, with varying trends observed in current and long-term asset categories.

Cash and Cash Equivalents: Cash and cash equivalents demonstrated considerable volatility. A substantial increase was observed from May 2020 to August 2020, peaking at US$14,139 million. Subsequently, a decline occurred, reaching a low of US$1,259 million in July 2022. The balance fluctuated between approximately US$1,300 million and US$4,200 million in subsequent periods, indicating inconsistent cash management or deployment strategies. A recent decrease is noted from April 2024 to July 2024.
Receivables, Net: Net receivables generally increased over the period, with a particularly strong rise between May 2021 and July 2024. This suggests a potential increase in credit sales or a lengthening of the collection period. The increase from US$3,624 million in May 2021 to US$5,503 million in July 2024 is substantial. A slight decrease is observed in the most recent period.
Merchandise Inventories: Merchandise inventories showed an increasing trend throughout most of the observed period. Starting at US$14,989 million in May 2020, inventories rose to US$26,203 million in November 2025. This increase could be attributed to anticipated demand, supply chain adjustments, or changes in inventory management policies. The inventory levels remained relatively stable between US$22,800 million and US$26,200 million from October 2022 to November 2025.
Current Assets: Current assets followed a generally upward trajectory, mirroring the trends in its component parts. A peak of US$34,505 million was reached in November 2020, followed by a dip and subsequent recovery. The overall trend indicates a growing short-term liquidity position, although with fluctuations. A slight decrease is observed in the most recent periods.
Net Property and Equipment: Net property and equipment remained relatively stable throughout the period, fluctuating between approximately US$22,697 million and US$27,683 million. This suggests consistent investment in fixed assets, with depreciation and amortization offsetting any significant additions. A moderate increase is observed from May 2022 to November 2025.
Operating Lease Right-of-Use Assets: Operating lease right-of-use assets exhibited a consistent upward trend, increasing from US$5,634 million in May 2020 to US$9,204 million in February 2026. This indicates an increasing reliance on leased assets rather than owned property. The growth is relatively steady throughout the period.
Goodwill: Goodwill experienced a significant increase in January 2021, rising from US$2,236 million to US$7,126 million. This likely reflects an acquisition or a revaluation of existing goodwill. Subsequent to this increase, goodwill fluctuated, with a substantial jump again between July 2023 and February 2025, reaching US$22,344 million. This suggests further acquisitions or revaluations. The increase in goodwill is the most significant change in the long-term asset category.
Intangible Assets, Net: Intangible assets, net, were not reported for the initial periods but appeared in May 2024, starting at US$9,214 million. These assets decreased slightly over the subsequent periods, ending at US$10,329 million in February 2026. The introduction of this line item suggests a recent change in accounting practices or the acquisition of intangible assets.
Other Assets & Long-Term Assets: Other assets remained relatively stable, fluctuating around US$4,000 million. Long-term assets, driven largely by the changes in goodwill, exhibited a significant increase, particularly after July 2023, mirroring the trends observed in goodwill. The combined effect of these assets contributed to the overall increase in total assets.

In conclusion, the company’s asset base has grown substantially, particularly due to increases in goodwill and merchandise inventories. The volatility in cash and cash equivalents warrants further investigation, as does the increasing trend in receivables. The consistent growth in operating lease right-of-use assets suggests a shift in asset financing strategies.

Home Depot Inc. (NYSE:HD)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Home Depot Inc. (NYSE:HD)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data