Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from 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: liabilities and stockholders’ equity (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).
The financial position of the organization exhibits a significant expansion in both total liabilities and stockholders' equity over the analyzed period from May 2020 to August 2026. Total liabilities increased from 62.2 billion USD to 92.8 billion USD, while stockholders' equity transitioned from a deficit of 3.5 billion USD to a positive balance of 16.6 billion USD. This indicates a strategic shift in capital structure and a substantial accumulation of retained earnings.
- Liability Trends and Debt Profile
- Total liabilities grew steadily, driven by both current and long-term obligations. Long-term debt, excluding current installments, rose from 31.6 billion USD in May 2020 to 44.0 billion USD by August 2026, with a notable peak of 51.9 billion USD in July 2024. Current liabilities also trended upward, moving from 23.3 billion USD to 35.0 billion USD. A significant increase in short-term debt is observed in the latter part of the period, specifically climbing from negligible amounts to 4.2 billion USD by August 2026.
- Operational liabilities, such as accounts payable, remained relatively stable with cyclical fluctuations, generally ranging between 10 billion USD and 15 billion USD. Long-term operating lease liabilities showed a consistent upward trajectory, increasing from 5.1 billion USD to 8.2 billion USD, reflecting a growth in leased assets.
- Equity and Capital Management
- A profound reversal is observed in stockholders' equity, which began in a deficit position. The equity deficit of 3.5 billion USD in May 2020 was gradually eliminated, entering a period of consistent growth starting in 2024 and reaching 16.6 billion USD by August 2026. This recovery was primarily fueled by a strong and steady increase in retained earnings, which grew from 52.4 billion USD to 97.9 billion USD over the period.
- The growth in retained earnings occurred alongside an aggressive share repurchase program. Treasury stock, at cost, increased from a negative 65.8 billion USD to 96.0 billion USD. The fact that equity became positive despite this massive increase in treasury stock highlights the strength of the internal capital generation through retained earnings.
- Liquidity and Obligations Analysis
- Current installments of long-term debt exhibited high volatility. After an initial decline from 4.2 billion USD in early 2020 to roughly 1.2 billion USD in 2022, these obligations surged to a peak of 6.5 billion USD in late 2025 before settling at 4.7 billion USD in August 2026. This suggests a periodic restructuring of debt maturities.
- Deferred income taxes and other long-term liabilities also saw moderate growth, with deferred income taxes rising from unavailable data in 2020 to 2.9 billion USD in 2026, contributing to the overall expansion of the long-term liability base.