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Home Depot Inc. (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
Based on: 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), 10-K (filing date: 2014-03-27).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Home Depot Inc.’s debt to equity ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
| 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 2017 to 2018 and from 2018 to 2019. |
| 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 2017 to 2018 and from 2018 to 2019. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Home Depot Inc.’s financial leverage ratio increased from 2017 to 2018 but then decreased significantly from 2018 to 2019. |
| 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 2017 to 2018 and from 2018 to 2019. |
| 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 2017 to 2018 and from 2018 to 2019. |
Debt to Equity
Home Depot Inc., debt to equity calculation, comparison to benchmarks
| Feb 3, 2019 | Jan 28, 2018 | Jan 29, 2017 | Jan 31, 2016 | Feb 1, 2015 | Feb 2, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term debt | |
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| Current installments of long-term debt | |
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| Long-term debt, excluding current installments | |
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| Total debt | |
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| Stockholders’ equity (deficit) | |
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| Solvency Ratio | |||||||
| Debt to equity1 | |
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| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Amazon.com Inc. | |
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| Costco Wholesale Corp. | |
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| Lowe’s Cos. Inc. | |
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| Netflix Inc. | |
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| Target Corp. | |
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| TJX Cos. Inc. | |
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| Walmart Inc. | |
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| Debt to Equity, Sector | |||||||
| General Retailers | |
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| Debt to Equity, Industry | |||||||
| Consumer Services | |
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Based on: 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), 10-K (filing date: 2014-03-27).
1 2019 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity (deficit)
= ÷ =
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. | Home Depot Inc.’s debt to equity ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
Debt to Capital
Home Depot Inc., debt to capital calculation, comparison to benchmarks
| Feb 3, 2019 | Jan 28, 2018 | Jan 29, 2017 | Jan 31, 2016 | Feb 1, 2015 | Feb 2, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term debt | |
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| Current installments of long-term debt | |
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| Long-term debt, excluding current installments | |
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| Total debt | |
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| Stockholders’ equity (deficit) | |
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| Total capital | |
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| Solvency Ratio | |||||||
| Debt to capital1 | |
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| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Amazon.com Inc. | |
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| Costco Wholesale Corp. | |
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| Lowe’s Cos. Inc. | |
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| Netflix Inc. | |
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| Target Corp. | |
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| TJX Cos. Inc. | |
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| Walmart Inc. | |
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| Debt to Capital, Sector | |||||||
| General Retailers | |
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| Debt to Capital, Industry | |||||||
| Consumer Services | |
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Based on: 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), 10-K (filing date: 2014-03-27).
1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= ÷ =
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 2017 to 2018 and from 2018 to 2019. |
Debt to Assets
Home Depot Inc., debt to assets calculation, comparison to benchmarks
| Feb 3, 2019 | Jan 28, 2018 | Jan 29, 2017 | Jan 31, 2016 | Feb 1, 2015 | Feb 2, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term debt | |
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| Current installments of long-term debt | |
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| Long-term debt, excluding current installments | |
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| Total debt | |
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| Total assets | |
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| Solvency Ratio | |||||||
| Debt to assets1 | |
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| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Amazon.com Inc. | |
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| Costco Wholesale Corp. | |
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|
|
| Lowe’s Cos. Inc. | |
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|
|
|
|
| Netflix Inc. | |
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| Target Corp. | |
|
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| TJX Cos. Inc. | |
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| Walmart Inc. | |
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| Debt to Assets, Sector | |||||||
| General Retailers | |
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| Debt to Assets, Industry | |||||||
| Consumer Services | |
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Based on: 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), 10-K (filing date: 2014-03-27).
1 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= ÷ =
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 2017 to 2018 and from 2018 to 2019. |
Financial Leverage
Home Depot Inc., financial leverage calculation, comparison to benchmarks
| Feb 3, 2019 | Jan 28, 2018 | Jan 29, 2017 | Jan 31, 2016 | Feb 1, 2015 | Feb 2, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Total assets | |
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| Stockholders’ equity (deficit) | |
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| Solvency Ratio | |||||||
| Financial leverage1 | |
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| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Amazon.com Inc. | |
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| Costco Wholesale Corp. | |
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| Lowe’s Cos. Inc. | |
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| Netflix Inc. | |
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| Target Corp. | |
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| TJX Cos. Inc. | |
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| Walmart Inc. | |
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| Financial Leverage, Sector | |||||||
| General Retailers | |
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| Financial Leverage, Industry | |||||||
| Consumer Services | |
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Based on: 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), 10-K (filing date: 2014-03-27).
1 2019 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity (deficit)
= ÷ =
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. | Home Depot Inc.’s financial leverage ratio increased from 2017 to 2018 but then decreased significantly from 2018 to 2019. |
Interest Coverage
Home Depot Inc., interest coverage calculation, comparison to benchmarks
| Feb 3, 2019 | Jan 28, 2018 | Jan 29, 2017 | Jan 31, 2016 | Feb 1, 2015 | Feb 2, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net earnings | |
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| Add: Income tax expense | |
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| Add: Interest expense | |
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| Earnings before interest and tax (EBIT) | |
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| Solvency Ratio | |||||||
| Interest coverage1 | |
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| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Amazon.com Inc. | |
|
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|
|
|
|
| Costco Wholesale Corp. | |
|
|
|
|
|
|
| Lowe’s Cos. Inc. | |
|
|
|
|
|
|
| Netflix Inc. | |
|
|
|
|
|
|
| Target Corp. | |
|
|
|
|
|
|
| TJX Cos. Inc. | |
|
|
|
|
|
|
| Walmart Inc. | |
|
|
|
|
|
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| Interest Coverage, Sector | |||||||
| General Retailers | |
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| Interest Coverage, Industry | |||||||
| Consumer Services | |
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Based on: 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), 10-K (filing date: 2014-03-27).
1 2019 Calculation
Interest coverage = EBIT ÷ Interest expense
= ÷ =
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 2017 to 2018 and from 2018 to 2019. |
Fixed Charge Coverage
Home Depot Inc., fixed charge coverage calculation, comparison to benchmarks
| Feb 3, 2019 | Jan 28, 2018 | Jan 29, 2017 | Jan 31, 2016 | Feb 1, 2015 | Feb 2, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net earnings | |
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| Add: Income tax expense | |
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| Add: Interest expense | |
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| Earnings before interest and tax (EBIT) | |
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| Add: Rent expense | |
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| Earnings before fixed charges and tax | |
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| Interest expense | |
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| Rent expense | |
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| Fixed charges | |
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| Solvency Ratio | |||||||
| Fixed charge coverage1 | |
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| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Amazon.com Inc. | |
|
|
|
|
|
|
| Costco Wholesale Corp. | |
|
|
|
|
|
|
| Lowe’s Cos. Inc. | |
|
|
|
|
|
|
| Netflix Inc. | |
|
|
|
|
|
|
| Target Corp. | |
|
|
|
|
|
|
| TJX Cos. Inc. | |
|
|
|
|
|
|
| Walmart Inc. | |
|
|
|
|
|
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| Fixed Charge Coverage, Sector | |||||||
| General Retailers | |
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| Fixed Charge Coverage, Industry | |||||||
| Consumer Services | |
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Based on: 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), 10-K (filing date: 2014-03-27).
1 2019 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =
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 2017 to 2018 and from 2018 to 2019. |