The Home Depot (WBO:HD) Effective Interest Rate on Debt % : 3.98% (As of Jan. 2024)

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What is The Home Depot Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. The Home Depot's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was €1,884 Mil. The Home Depot's average total debt for the quarter that ended in Jan. 2024 was €47,302 Mil. Therefore, The Home Depot's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 3.98%.

The Home Depot Effective Interest Rate on Debt % Historical Data

The historical data trend for The Home Depot's Effective Interest Rate on 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.

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The Home Depot Effective Interest Rate on Debt % Chart

The Home Depot Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Effective Interest Rate on Debt %

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3.65

3.19

3.11

3.42

3.77

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
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.44	3.77	3.78	4.04	3.98

Competitive Comparison of The Home Depot's Effective Interest Rate on Debt %

For the Home Improvement Retail subindustry, The Home Depot's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The Home Depot's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where The Home Depot's Effective Interest Rate on Debt % falls into.

The Home Depot Effective Interest Rate on Debt % Calculation

The Home Depot's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2023 )	+	Total Debt (A: Jan. 2024 ))	/ count )
=	-1 * -1783.674	/	( (46737.792	+	47959.074)	/ 2 )
=	-1 * -1783.674	/	47348.433
=	3.77 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44718.464	+	2019.328
=	46737.792

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45739.35	+	2219.724
=	47959.074

The Home Depot's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -1883.736	/	( (46644.485	+	47959.074)	/ 2 )
=	-1 * -1883.736	/	47301.7795
=	3.98 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44383.049	+	2261.436
=	46644.485

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45739.35	+	2219.724
=	47959.074

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

The Home Depot (WBO:HD) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

The Home Depot Effective Interest Rate on Debt % Related Terms

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The Home Depot (WBO:HD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Home Depot Inc (WBO:HD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

HD:USA HD:Peru HD:Mexico 1HD:Italy 0R1G:UK 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.