Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Home Depot Inc. (NYSE:HD)

Analysis of Solvency Ratios

Beginner level

Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.

Solvency Ratios (Summary)

Home Depot Inc., solvency ratios

Microsoft Excel LibreOffice Calc
Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Feb 1, 2015
Debt Ratios
Debt to equity — — 18.59 5.45 3.37 1.84
Debt to equity (including operating lease liability) — — 18.59 5.45 3.37 1.84
Debt to capital 1.11 1.07 0.95 0.84 0.77 0.65
Debt to capital (including operating lease liability) 1.09 1.07 0.95 0.84 0.77 0.65
Debt to assets 0.61 0.66 0.61 0.55 0.50 0.43
Debt to assets (including operating lease liability) 0.73 0.66 0.61 0.55 0.50 0.43
Financial leverage — — 30.63 9.92 6.74 4.29
Coverage Ratios
Interest coverage 13.25 14.85 13.96 13.85 12.99 13.02
Fixed charge coverage 8.26 7.80 7.49 7.39 6.99 6.71

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Home Depot Inc.’s debt to capital ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Home Depot Inc.’s debt to capital ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Home Depot Inc.’s debt to assets ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 not reaching 2018 level.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Home Depot Inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity.
Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Home Depot Inc.’s interest coverage ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Home Depot Inc.’s fixed charge coverage ratio improved from 2018 to 2019 and from 2019 to 2020.

Debt to Equity

Home Depot Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Feb 1, 2015
Selected Financial Data (US$ in millions)
Short-term debt 974  1,339  1,559  710  350  290 
Current installments of long-term debt 1,839  1,056  1,202  542  77  38 
Long-term debt, excluding current installments 28,670  26,807  24,267  22,349  20,888  16,869 
Total debt 31,483  29,202  27,028  23,601  21,315  17,197 
 
Stockholders’ equity (deficit) (3,116) (1,878) 1,454  4,333  6,316  9,322 
Solvency Ratio
Debt to equity1 — — 18.59 5.45 3.37 1.84
Benchmarks
Debt to Equity, Competitors2
Amazon.com Inc. — 0.83 0.97 1.41 0.92 1.17
Costco Wholesale Corp. 0.42 0.45 0.51 0.62 0.43 0.58
Dollar General Corp. 0.43 0.45 0.49 0.59 0.55 0.48
Lowe’s Cos. Inc. 9.79 4.45 2.89 2.44 1.65 1.14
Target Corp. 0.97 1.00 0.99 1.16 0.98 0.91
TJX Cos. Inc. 0.38 0.44 0.43 0.49 0.38 0.38
Walmart Inc. 0.73 0.80 0.60 0.59 0.62 0.62
Debt to Equity, Sector
General Retailers — 1.02 0.95 1.01 0.84 0.79
Debt to Equity, Industry
Consumer Services — 1.24 1.27 1.10 0.99 0.93

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

1 2020 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity (deficit)
= 31,483 ÷ -3,116 = —

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity.

Debt to Equity (including Operating Lease Liability)

Home Depot Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Feb 1, 2015
Selected Financial Data (US$ in millions)
Short-term debt 974  1,339  1,559  710  350  290 
Current installments of long-term debt 1,839  1,056  1,202  542  77  38 
Long-term debt, excluding current installments 28,670  26,807  24,267  22,349  20,888  16,869 
Total debt 31,483  29,202  27,028  23,601  21,315  17,197 
Current operating lease liabilities 828  —  —  —  —  — 
Long-term operating lease liabilities 5,066  —  —  —  —  — 
Total debt (including operating lease liability) 37,377  29,202  27,028  23,601  21,315  17,197 
 
Stockholders’ equity (deficit) (3,116) (1,878) 1,454  4,333  6,316  9,322 
Solvency Ratio
Debt to equity (including operating lease liability)1 — — 18.59 5.45 3.37 1.84
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Amazon.com Inc. — 1.25 0.97 1.41 0.92 1.17
Costco Wholesale Corp. 0.57 0.45 0.51 0.62 0.43 0.58
Dollar General Corp. 1.75 0.45 0.49 0.59 0.55 0.48
Lowe’s Cos. Inc. 12.04 4.45 2.89 2.44 1.65 1.14
Target Corp. 1.18 1.19 0.99 1.16 0.98 0.91
TJX Cos. Inc. 1.93 0.44 0.43 0.49 0.38 0.38
Walmart Inc. 0.97 0.80 0.60 0.59 0.62 0.62
Debt to Equity (including Operating Lease Liability), Sector
General Retailers — 1.18 0.95 1.01 0.84 0.79
Debt to Equity (including Operating Lease Liability), Industry
Consumer Services — 1.39 1.27 1.10 0.99 0.93

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

1 2020 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity (deficit)
= 37,377 ÷ -3,116 = —

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity.

Debt to Capital

Home Depot Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Feb 1, 2015
Selected Financial Data (US$ in millions)
Short-term debt 974  1,339  1,559  710  350  290 
Current installments of long-term debt 1,839  1,056  1,202  542  77  38 
Long-term debt, excluding current installments 28,670  26,807  24,267  22,349  20,888  16,869 
Total debt 31,483  29,202  27,028  23,601  21,315  17,197 
Stockholders’ equity (deficit) (3,116) (1,878) 1,454  4,333  6,316  9,322 
Total capital 28,367  27,324  28,482  27,934  27,631  26,519 
Solvency Ratio
Debt to capital1 1.11 1.07 0.95 0.84 0.77 0.65
Benchmarks
Debt to Capital, Competitors2
Amazon.com Inc. — 0.45 0.49 0.59 0.48 0.54
Costco Wholesale Corp. 0.29 0.31 0.34 0.38 0.30 0.37
Dollar General Corp. 0.30 0.31 0.33 0.37 0.36 0.32
Lowe’s Cos. Inc. 0.91 0.82 0.74 0.71 0.62 0.53
Target Corp. 0.49 0.50 0.50 0.54 0.50 0.48
TJX Cos. Inc. 0.27 0.31 0.30 0.33 0.27 0.28
Walmart Inc. 0.42 0.44 0.37 0.37 0.38 0.38
Debt to Capital, Sector
General Retailers — 0.51 0.49 0.50 0.46 0.44
Debt to Capital, Industry
Consumer Services — 0.55 0.56 0.52 0.50 0.48

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

1 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 31,483 ÷ 28,367 = 1.11

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Home Depot Inc.’s debt to capital ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Debt to Capital (including Operating Lease Liability)

Home Depot Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Feb 1, 2015
Selected Financial Data (US$ in millions)
Short-term debt 974  1,339  1,559  710  350  290 
Current installments of long-term debt 1,839  1,056  1,202  542  77  38 
Long-term debt, excluding current installments 28,670  26,807  24,267  22,349  20,888  16,869 
Total debt 31,483  29,202  27,028  23,601  21,315  17,197 
Current operating lease liabilities 828  —  —  —  —  — 
Long-term operating lease liabilities 5,066  —  —  —  —  — 
Total debt (including operating lease liability) 37,377  29,202  27,028  23,601  21,315  17,197 
Stockholders’ equity (deficit) (3,116) (1,878) 1,454  4,333  6,316  9,322 
Total capital (including operating lease liability) 34,261  27,324  28,482  27,934  27,631  26,519 
Solvency Ratio
Debt to capital (including operating lease liability)1 1.09 1.07 0.95 0.84 0.77 0.65
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Amazon.com Inc. — 0.56 0.49 0.59 0.48 0.54
Costco Wholesale Corp. 0.36 0.31 0.34 0.38 0.30 0.37
Dollar General Corp. 0.64 0.31 0.33 0.37 0.36 0.32
Lowe’s Cos. Inc. 0.92 0.82 0.74 0.71 0.62 0.53
Target Corp. 0.54 0.54 0.50 0.54 0.50 0.48
TJX Cos. Inc. 0.66 0.31 0.30 0.33 0.27 0.28
Walmart Inc. 0.49 0.44 0.37 0.37 0.38 0.38
Debt to Capital (including Operating Lease Liability), Sector
General Retailers — 0.54 0.49 0.50 0.46 0.44
Debt to Capital (including Operating Lease Liability), Industry
Consumer Services — 0.58 0.56 0.52 0.50 0.48

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

1 2020 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 37,377 ÷ 34,261 = 1.09

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Home Depot Inc.’s debt to capital ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020.

Debt to Assets

Home Depot Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Feb 1, 2015
Selected Financial Data (US$ in millions)
Short-term debt 974  1,339  1,559  710  350  290 
Current installments of long-term debt 1,839  1,056  1,202  542  77  38 
Long-term debt, excluding current installments 28,670  26,807  24,267  22,349  20,888  16,869 
Total debt 31,483  29,202  27,028  23,601  21,315  17,197 
 
Total assets 51,236  44,003  44,529  42,966  42,549  39,946 
Solvency Ratio
Debt to assets1 0.61 0.66 0.61 0.55 0.50 0.43
Benchmarks
Debt to Assets, Competitors2
Amazon.com Inc. — 0.23 0.26 0.30 0.21 0.24
Costco Wholesale Corp. 0.14 0.15 0.16 0.18 0.16 0.18
Dollar General Corp. 0.13 0.22 0.24 0.28 0.26 0.24
Lowe’s Cos. Inc. 0.49 0.47 0.48 0.46 0.40 0.36
Target Corp. 0.27 0.27 0.30 0.34 0.32 0.31
TJX Cos. Inc. 0.09 0.16 0.16 0.17 0.14 0.15
Walmart Inc. 0.23 0.26 0.23 0.23 0.25 0.25
Debt to Assets, Sector
General Retailers — 0.28 0.28 0.29 0.27 0.27
Debt to Assets, Industry
Consumer Services — 0.34 0.37 0.34 0.32 0.32

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

1 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 31,483 ÷ 51,236 = 0.61

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Home Depot Inc.’s debt to assets ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 not reaching 2018 level.

Debt to Assets (including Operating Lease Liability)

Home Depot Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Feb 1, 2015
Selected Financial Data (US$ in millions)
Short-term debt 974  1,339  1,559  710  350  290 
Current installments of long-term debt 1,839  1,056  1,202  542  77  38 
Long-term debt, excluding current installments 28,670  26,807  24,267  22,349  20,888  16,869 
Total debt 31,483  29,202  27,028  23,601  21,315  17,197 
Current operating lease liabilities 828  —  —  —  —  — 
Long-term operating lease liabilities 5,066  —  —  —  —  — 
Total debt (including operating lease liability) 37,377  29,202  27,028  23,601  21,315  17,197 
 
Total assets 51,236  44,003  44,529  42,966  42,549  39,946 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.73 0.66 0.61 0.55 0.50 0.43
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Amazon.com Inc. — 0.34 0.26 0.30 0.21 0.24
Costco Wholesale Corp. 0.19 0.15 0.16 0.18 0.16 0.18
Dollar General Corp. 0.51 0.22 0.24 0.28 0.26 0.24
Lowe’s Cos. Inc. 0.60 0.47 0.48 0.46 0.40 0.36
Target Corp. 0.33 0.33 0.30 0.34 0.32 0.31
TJX Cos. Inc. 0.47 0.16 0.16 0.17 0.14 0.15
Walmart Inc. 0.31 0.26 0.23 0.23 0.25 0.25
Debt to Assets (including Operating Lease Liability), Sector
General Retailers — 0.32 0.28 0.29 0.27 0.27
Debt to Assets (including Operating Lease Liability), Industry
Consumer Services — 0.39 0.37 0.34 0.32 0.32

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

1 2020 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 37,377 ÷ 51,236 = 0.73

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Home Depot Inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020.

Financial Leverage

Home Depot Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Feb 1, 2015
Selected Financial Data (US$ in millions)
Total assets 51,236  44,003  44,529  42,966  42,549  39,946 
Stockholders’ equity (deficit) (3,116) (1,878) 1,454  4,333  6,316  9,322 
Solvency Ratio
Financial leverage1 — — 30.63 9.92 6.74 4.29
Benchmarks
Financial Leverage, Competitors2
Amazon.com Inc. — 3.63 3.73 4.74 4.32 4.89
Costco Wholesale Corp. 3.04 2.98 3.19 3.37 2.75 3.15
Dollar General Corp. 3.41 2.06 2.04 2.16 2.09 1.97
Lowe’s Cos. Inc. 20.02 9.47 6.01 5.35 4.08 3.19
Target Corp. 3.62 3.65 3.33 3.42 3.11 2.96
TJX Cos. Inc. 4.06 2.84 2.73 2.86 2.67 2.61
Walmart Inc. 3.17 3.02 2.63 2.56 2.48 2.50
Financial Leverage, Sector
General Retailers — 3.66 3.36 3.42 3.05 2.95
Financial Leverage, Industry
Consumer Services — 3.61 3.48 3.19 3.09 2.95

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

1 2020 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity (deficit)
= 51,236 ÷ -3,116 = —

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity.

Interest Coverage

Home Depot Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Feb 1, 2015
Selected Financial Data (US$ in millions)
Net earnings 11,242  11,121  8,630  7,957  7,009  6,345 
Add: Income tax expense 3,473  3,435  5,068  4,534  4,012  3,631 
Add: Interest expense 1,201  1,051  1,057  972  919  830 
Earnings before interest and tax (EBIT) 15,916  15,607  14,755  13,463  11,940  10,806 
Solvency Ratio
Interest coverage1 13.25 14.85 13.96 13.85 12.99 13.02
Benchmarks
Interest Coverage, Competitors2
Amazon.com Inc. — 9.73 8.95 5.48 8.84 4.37
Costco Wholesale Corp. 34.54 32.77 28.94 31.14 28.21 30.06
Dollar General Corp. 22.89 21.18 20.66 21.09 22.31 20.05
Lowe’s Cos. Inc. 8.83 6.21 9.46 8.92 8.95 9.19
Target Corp. 9.78 8.97 6.47 4.95 9.11 5.14
TJX Cos. Inc. 75.57 65.36 60.98 61.37 61.70 65.10
Walmart Inc. 8.74 5.88 7.49 9.66 9.49 11.08
Interest Coverage, Sector
General Retailers — 10.03 10.23 10.07 11.18 10.79
Interest Coverage, Industry
Consumer Services — 6.64 7.01 8.27 8.92 9.86

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

1 2020 Calculation
Interest coverage = EBIT ÷ Interest expense
= 15,916 ÷ 1,201 = 13.25

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Home Depot Inc.’s interest coverage ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Fixed Charge Coverage

Home Depot Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Feb 1, 2015
Selected Financial Data (US$ in millions)
Net earnings 11,242  11,121  8,630  7,957  7,009  6,345 
Add: Income tax expense 3,473  3,435  5,068  4,534  4,012  3,631 
Add: Interest expense 1,201  1,051  1,057  972  919  830 
Earnings before interest and tax (EBIT) 15,916  15,607  14,755  13,463  11,940  10,806 
Add: Operating lease cost 827  1,091  1,053  984  922  918 
Earnings before fixed charges and tax 16,743  16,698  15,808  14,447  12,862  11,724 
 
Interest expense 1,201  1,051  1,057  972  919  830 
Operating lease cost 827  1,091  1,053  984  922  918 
Fixed charges 2,028  2,142  2,110  1,956  1,841  1,748 
Solvency Ratio
Fixed charge coverage1 8.26 7.80 7.49 7.39 6.99 6.71
Benchmarks
Fixed Charge Coverage, Competitors2
Amazon.com Inc. — 3.65 3.34 2.25 3.01 1.99
Costco Wholesale Corp. 14.03 12.40 11.48 11.30 10.45 10.59
Dollar General Corp. 2.61 2.60 2.62 2.89 2.96 2.92
Lowe’s Cos. Inc. 5.04 3.68 5.31 5.31 5.29 5.42
Target Corp. 6.48 6.16 5.10 4.29 7.12 4.39
TJX Cos. Inc. 3.43 3.39 3.35 3.51 3.59 3.61
Walmart Inc. 4.82 3.14 3.89 5.13 5.29 5.71
Fixed Charge Coverage, Sector
General Retailers — 4.19 4.38 4.64 5.12 5.01
Fixed Charge Coverage, Industry
Consumer Services — 3.88 4.00 4.52 4.78 4.96

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

1 2020 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 16,743 ÷ 2,028 = 8.26

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Home Depot Inc.’s fixed charge coverage ratio improved from 2018 to 2019 and from 2019 to 2020.