The Home Depot Inc (HD) — Tangible Net Worth Ratio
The Home Depot Inc (HD) has a Tangible Net Worth Ratio of 14.0% as of October 2025. This metric is calculated by deducting intangible assets ($10.42 Billion) from net assets ($12.12 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See HD working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
The Home Depot Inc Tangible Net Worth Ratio (1986–2025)
This chart shows how The Home Depot Inc's Tangible Net Worth Ratio has changed across 37 annual periods from 1986 to 2025. As of October 2025, the ratio stands at 14.0%, reflecting net assets of $12.12 Billion with intangible assets of $10.42 Billion USD. See defensive interval ratio of The Home Depot Inc to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for The Home Depot Inc (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for The Home Depot Inc from 1986 to 2025, covering 37 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see HD market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -35.3% | $6.64 Billion | $8.98 Billion | $96.12 Billion | ▲ +210.1 pp |
| 2024 | -245.4% | $1.04 Billion | $3.61 Billion | $76.53 Billion | ▼ -132.7 pp |
| 2023 | -112.7% | $1.56 Billion | $3.32 Billion | $76.44 Billion | ▼ -103.3 pp |
| 2021 | -9.5% | $3.30 Billion | $3.61 Billion | $70.58 Billion | ▼ -70.8 pp |
| 2018 | 61.3% | $1.45 Billion | $563.00 Million | $44.53 Billion | ▲ +9.6 pp |
| 2017 | 51.7% | $4.33 Billion | $2.09 Billion | $42.97 Billion | ▼ -15.0 pp |
| 2016 | 66.7% | $6.32 Billion | $2.10 Billion | $42.55 Billion | ▼ -18.8 pp |
| 2015 | 85.5% | $9.32 Billion | $1.35 Billion | $39.95 Billion | ▼ -4.2 pp |
| 2014 | 89.7% | $12.52 Billion | $1.29 Billion | $40.52 Billion | ▼ -3.7 pp |
| 2013 | 93.4% | $17.78 Billion | $1.17 Billion | $41.08 Billion | ▼ -0.3 pp |
| 2012 | 93.7% | $17.90 Billion | $1.12 Billion | $40.52 Billion | ▲ +0.0 pp |
| 2011 | 93.7% | $18.89 Billion | $1.19 Billion | $40.12 Billion | ▼ -0.2 pp |
| 2010 | 94.0% | $19.39 Billion | $1.17 Billion | $40.88 Billion | ▲ +0.3 pp |
| 2009 | 93.6% | $17.78 Billion | $1.13 Billion | $41.16 Billion | ▲ +1.0 pp |
| 2008 | 92.6% | $17.71 Billion | $1.31 Billion | $44.32 Billion | ▲ +20.9 pp |
| 2007 | 71.7% | $25.03 Billion | $7.09 Billion | $52.26 Billion | ▼ -26.9 pp |
| 2006 | 98.5% | $26.91 Billion | $398.00 Million | $44.41 Billion | ▼ -1.4 pp |
| 2005 | 99.9% | $24.16 Billion | $18.00 Million | $38.91 Billion | ▲ +3.6 pp |
| 2004 | 96.3% | $22.41 Billion | $833.00 Million | $34.44 Billion | ▼ -0.8 pp |
| 2003 | 97.1% | $19.80 Billion | $575.00 Million | $30.01 Billion | ▼ -0.6 pp |
| 2002 | 97.7% | $18.08 Billion | $419.00 Million | $26.39 Billion | ▼ -0.2 pp |
| 2001 | 97.9% | $15.02 Billion | $314.00 Million | $21.39 Billion | ▲ +0.4 pp |
| 2000 | 97.5% | $12.35 Billion | $311.00 Million | $17.08 Billion | ▲ +0.5 pp |
| 1999 | 96.9% | $8.75 Billion | $268.00 Million | $13.46 Billion | ▼ -1.1 pp |
| 1998 | 98.1% | $7.21 Billion | $140.00 Million | $11.23 Billion | ▼ -0.5 pp |
| 1997 | 98.6% | $6.05 Billion | $86.50 Million | $9.34 Billion | ▲ +0.3 pp |
| 1996 | 98.3% | $5.06 Billion | $87.20 Million | $7.35 Billion | ▲ +0.8 pp |
| 1995 | 97.5% | $3.49 Billion | $88.50 Million | $5.78 Billion | ▼ -1.8 pp |
| 1994 | 99.3% | $2.81 Billion | $19.50 Million | $4.70 Billion | ▲ +0.2 pp |
| 1993 | 99.1% | $2.30 Billion | $20.10 Million | $3.93 Billion | ▲ +0.4 pp |
| 1992 | 98.8% | $1.69 Billion | $20.80 Million | $2.51 Billion | ▲ +1.9 pp |
| 1991 | 96.9% | $683.40 Million | $21.40 Million | $1.64 Billion | ▲ +1.2 pp |
| 1990 | 95.7% | $512.10 Million | $22.00 Million | $1.12 Billion | ▲ +1.6 pp |
| 1989 | 94.1% | $382.90 Million | $22.70 Million | $699.20 Million | ▲ +1.3 pp |
| 1988 | 92.7% | $320.60 Million | $23.30 Million | $528.30 Million | ▲ +7.4 pp |
| 1987 | 85.3% | $163.00 Million | $23.90 Million | $394.70 Million | ▲ +12.9 pp |
| 1986 | 72.4% | $89.10 Million | $24.60 Million | $380.20 Million | — |