The Home Depot (HD) Cash-to-Debt : 0.07 (As of Jan. 2024)

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The Home Depot Cash-to-Debt Definition

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. The Home Depot's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.07.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, The Home Depot couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for The Home Depot's Cash-to-Debt or its related term are showing as below:

HD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.09 Max: 0.18
Current: 0.07

During the past 13 years, The Home Depot's highest Cash to Debt Ratio was 0.18. The lowest was 0.05. And the median was 0.09.

HD's Cash-to-Debt is ranked worse than
87.06% of 1105 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs HD: 0.07

The Home Depot Cash-to-Debt Historical Data

The Home Depot Cash-to-Debt Chart

The historical data trend for The Home Depot's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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The Home Depot Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.06

0.18

0.05

0.06

0.07

The Home Depot Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.03	0.06	0.04	0.07

Competitive Comparison

For the Home Improvement Retail subindustry, The Home Depot's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Home Depot Cash-to-Debt Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, The Home Depot's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where The Home Depot's Cash-to-Debt falls into.

The Home Depot Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

The Home Depot's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3760	/	(2418	+	49825)
	=	0.07

The Home Depot's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3760	/	(2418	+	49825)
	=	0.07

The Home Depot (NYSE:HD) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

The Home Depot Cash-to-Debt Related Terms

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The Home Depot (HD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Home Depot Inc (NYSE:HD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HD:Peru HD:Mexico 1HD:Italy 0R1G:UK HDI:Germany HDI:Germany HDI:Germany HDI:Germany HD:Canada HOME34:Brazil HD:Argentina

Address

2455 Paces Ferry Road, Atlanta, GA, USA, 30339

Website

https://www.homedepot.com

Home Depot is the world's largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply (2020). Moreover, the additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.

Executives

William D Bastek	officer: EVP, Merchandising	2455 PACES FERRY RD., SE, C-20, ATLANTA GA 30339
Ann Marie Campbell	officer: EVP - U.S. Stores	2455 PACES FERRY ROAD, ATLANTA GA 30339
Kimberly R Scardino	officer: SVP-Finance, CAO & Controller	108 WILMOT ROAD, DEERFIELD IL 60015
Richard V Mcphail	officer: EVP & CFO	2455 PACES FERRY RD SE, ATLANTA GA 30339
Timothy A. Hourigan	officer: EVP - Human Resources	2455 PACES FERRY RD, SE, ATLANTA GA 30339
Fahim Siddiqui	officer: EVP and CIO	2455 PACES FERRY RD., SE, ATLANTA GA 30339
Teresa Wynn Roseborough	officer: EVP, Gen. Counsel & Corp. Sec.	2455 PACES FERRY ROAD NW, C-20, ATLANTA GA 30339
Hector A Padilla	officer: EVP - Outside Sales & Service	2455 PACES FERRY RD., SE, ATLANTA GA 30339
Jeffrey G Kinnaird	officer: EVP - Merchandising	2455 PACES FERRY RD., SE, C-20 LEGAL AFFAIRS, ATLANTA GA 30339
Edward P. Decker	officer: EVP, Merchandising	2455 PACES FERRY RD NW, C-20, ATLANTA X1 30339
Matt Carey	officer: EVP & CIO	11216 WAPLES MILL ROAD SUITE 100, FAIRFAX VA 22030
Paula Santilli	director	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Becker Caryn Seidman	director	65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
John A. Deaton	officer: EVP - Supply Chain & Prod. Dev	2455 PACES FERRY RD., SE, ATLANTA GA 30339
Craig A Menear	director, officer: Chairman & CEO	1436 PEACHTREE BATTLE AVENUE, ATLANTA GA 30327