Home Depot annual debt-to-equity ratio
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2025
Home Depot Debt-to-Equity Ratio Growth & History (HD)
Home Depot's debt-to-equity ratio was 4.75 for fiscal 2025.
View full Home Depot company overviewHome Depot annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2026-02-01 | 4.75 | −4.58 | −49.09% |
| 2024 | 2025-02-02 | 9.33 | −40.71 | −81.35% |
| 2023 | 2024-01-28 | 50.04 | 17.80 | +55.20% |
| 2022 | 2023-01-29 | 32.24 | — | — |
| 2020 | 2021-01-31 | 13.16 | — | — |
| 2017 | 2018-01-28 | 17.52 | 12.23 | +231.57% |
| 2016 | 2017-01-29 | 5.28 | 1.98 | +59.91% |
| 2015 | 2016-01-31 | 3.30 | 1.49 | +82.15% |
| 2014 | 2015-02-01 | 1.81 | 0.64 | +54.24% |
| 2013 | 2014-02-02 | 1.18 | 0.57 | +93.62% |
| 2012 | 2013-02-03 | 0.61 | 0.00 | +0.76% |
| 2011 | 2012-01-29 | 0.60 | 0.09 | +16.78% |
| 2010 | 2011-01-30 | 0.52 | 0.02 | +3.38% |
| 2009 | 2010-01-31 | 0.50 | −0.04 | −8.19% |
| 2008 | 2009-02-01 | 0.54 | — | — |
Home Depot quarterly debt-to-equity ratio
Q4.08
Q2.09
Q3.09
Q4.09
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Q3.10
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-08-02 | 3.48 | −1.67 | −32.37% |
| Q1 2026 | 2026-05-03 | 4.18 | −2.91 | −41.06% |
| Q4 2025 | 2026-02-01 | 4.75 | −4.58 | −49.09% |
| Q3 2025 | 2025-11-02 | 4.87 | −5.54 | −53.24% |
| Q2 2025 | 2025-08-03 | 5.15 | −9.17 | −64.03% |
| Q1 2025 | 2025-05-04 | 7.09 | −20.52 | −74.32% |
| Q4 2024 | 2025-02-02 | 9.33 | −40.71 | −81.35% |
| Q3 2024 | 2024-10-27 | 10.40 | −23.09 | −68.93% |
| Q2 2024 | 2024-07-28 | 14.32 | −21.75 | −60.30% |
| Q1 2024 | 2024-04-28 | 27.61 | −105.24 | −79.22% |
| Q4 2023 | 2024-01-28 | 50.04 | 17.80 | +55.20% |
| Q3 2023 | 2023-10-29 | 33.49 | −3.87 | −10.35% |
| Q2 2023 | 2023-07-30 | 36.06 | −158.71 | −81.49% |
| Q1 2023 | 2023-04-30 | 132.85 | — | — |
| Q4 2022 | 2023-01-29 | 32.24 | — | — |
| Q3 2022 | 2022-10-30 | 37.36 | −4.02 | −9.72% |
| Q2 2022 | 2022-07-31 | 194.77 | 175.47 | +909.46% |
| Q3 2021 | 2021-10-31 | 41.38 | 16.26 | +64.76% |
| Q2 2021 | 2021-08-01 | 19.29 | — | — |
| Q1 2021 | 2021-05-02 | 23.33 | — | — |
| Q4 2020 | 2021-01-31 | 13.16 | — | — |
| Q3 2020 | 2020-11-01 | 25.12 | — | — |
| Q3 2018 | 2018-10-28 | 18.73 | 9.14 | +95.33% |
| Q2 2018 | 2018-07-29 | 11.60 | 4.72 | +68.74% |
| Q1 2018 | 2018-04-29 | 14.58 | 8.93 | +157.94% |
| Q4 2017 | 2018-01-28 | 17.52 | 12.23 | +231.57% |
| Q3 2017 | 2017-10-29 | 9.59 | 5.62 | +141.40% |
| Q2 2017 | 2017-07-30 | 6.87 | 3.73 | +118.87% |
| Q1 2017 | 2017-04-30 | 5.65 | 2.35 | +71.28% |
| Q4 2016 | 2017-01-29 | 5.28 | 1.98 | +59.91% |
| Q3 2016 | 2016-10-30 | 3.97 | 1.64 | +69.93% |
| Q2 2016 | 2016-07-31 | 3.14 | 1.25 | +66.17% |
| Q1 2016 | 2016-05-01 | 3.30 | 1.80 | +119.79% |
| Q4 2015 | 2016-01-31 | 3.30 | 1.49 | +82.15% |
| Q3 2015 | 2015-11-01 | 2.34 | 0.69 | +41.61% |
| Q2 2015 | 2015-08-02 | 1.89 | 0.43 | +29.60% |
| Q1 2015 | 2015-05-03 | 1.50 | 0.29 | +23.99% |
| Q4 2014 | 2015-02-01 | 1.81 | 0.64 | +54.24% |
| Q3 2014 | 2014-11-02 | 1.65 | 0.62 | +59.74% |
| Q2 2014 | 2014-08-03 | 1.46 | 0.72 | +97.06% |
| Q1 2014 | 2014-05-04 | 1.21 | 0.51 | +73.21% |
| Q4 2013 | 2014-02-02 | 1.18 | 0.57 | +93.62% |
| Q3 2013 | 2013-11-03 | 1.03 | 0.43 | +70.09% |
| Q2 2013 | 2013-08-04 | 0.74 | 0.13 | +21.11% |
| Q1 2013 | 2013-05-05 | 0.70 | 0.10 | +16.44% |
| Q4 2012 | 2013-02-03 | 0.61 | 0.00 | +0.76% |
| Q3 2012 | 2012-10-28 | 0.61 | 0.00 | +0.55% |
| Q2 2012 | 2012-07-29 | 0.61 | 0.02 | +3.78% |
| Q1 2012 | 2012-04-29 | 0.60 | 0.01 | +1.92% |
| Q4 2011 | 2012-01-29 | 0.60 | 0.09 | +16.78% |
| Q3 2011 | 2011-10-30 | 0.60 | 0.15 | +32.00% |
| Q2 2011 | 2011-07-31 | 0.59 | 0.19 | +48.11% |
| Q1 2011 | 2011-05-01 | 0.59 | 0.19 | +48.66% |
| Q4 2010 | 2011-01-30 | 0.52 | 0.02 | +3.38% |
| Q3 2010 | 2010-10-31 | 0.46 | 0.01 | +2.51% |
| Q2 2010 | 2010-08-01 | 0.40 | −0.11 | −21.15% |
| Q1 2010 | 2010-05-02 | 0.40 | — | — |
| Q4 2009 | 2010-01-31 | 0.50 | −0.04 | −8.19% |
| Q3 2009 | 2009-11-01 | 0.45 | — | — |
| Q2 2009 | 2009-08-02 | 0.50 | — | — |
| Q4 2008 | 2009-02-01 | 0.54 | — | — |
Home Depot debt-to-equity ratio trends
Over the last five fiscal years, Home Depot's debt-to-equity ratio decreased from 13.16 to 4.75, a change of −8.41. The latest reported quarter, Q2 2026, shows 3.48.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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