The Home Depot Inc (HD) — Working Capital to Net Assets Ratio
The Home Depot Inc (HD) has a Working Capital to Net Assets ratio of 14.4% as of October 2025. Working capital of $1.75 Billion (current assets of $36.12 Billion minus current liabilities of $34.37 Billion) is measured against net assets of $12.12 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See The Home Depot Inc balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
The Home Depot Inc Working Capital to Net Assets (1986–2025)
This chart shows how The Home Depot Inc's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2025. As of October 2025, the ratio stands at 14.4%, reflecting working capital of $1.75 Billion against net assets of $12.12 Billion USD. Check HD intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for The Home Depot Inc (1986–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for The Home Depot Inc from 1986 to 2025, covering 40 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see The Home Depot Inc market cap and net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 45.5% | $3.02 Billion | $6.64 Billion | $31.68 Billion | $28.66 Billion | ▼ -697.8 pp |
| 2024 | 743.3% | $7.76 Billion | $1.04 Billion | $29.77 Billion | $22.02 Billion | ▲ +144.0 pp |
| 2023 | 599.3% | $9.36 Billion | $1.56 Billion | $32.47 Billion | $23.11 Billion | ▲ +620.6 pp |
| 2022 | -21.3% | $362.00 Million | $-1.70 Billion | $29.05 Billion | $28.69 Billion | ▼ -182.3 pp |
| 2021 | 161.0% | $5.31 Billion | $3.30 Billion | $28.48 Billion | $23.17 Billion | ▲ +207.0 pp |
| 2020 | -46.1% | $1.44 Billion | $-3.12 Billion | $19.81 Billion | $18.38 Billion | ▲ +50.5 pp |
| 2019 | -96.5% | $1.81 Billion | $-1.88 Billion | $18.53 Billion | $16.72 Billion | ▼ -284.9 pp |
| 2018 | 188.4% | $2.74 Billion | $1.45 Billion | $18.93 Billion | $16.19 Billion | ▲ +105.5 pp |
| 2017 | 82.9% | $3.59 Billion | $4.33 Billion | $17.72 Billion | $14.13 Billion | ▲ +59.3 pp |
| 2016 | 23.6% | $1.49 Billion | $6.32 Billion | $16.99 Billion | $15.50 Billion | ▼ -19.6 pp |
| 2015 | 43.3% | $4.03 Billion | $9.32 Billion | $15.30 Billion | $11.27 Billion | ▲ +7.1 pp |
| 2014 | 36.2% | $4.53 Billion | $12.52 Billion | $15.28 Billion | $10.75 Billion | ▲ +14.2 pp |
| 2013 | 22.0% | $3.91 Billion | $17.78 Billion | $15.37 Billion | $11.46 Billion | ▼ -6.7 pp |
| 2012 | 28.7% | $5.14 Billion | $17.90 Billion | $14.52 Billion | $9.38 Billion | ▲ +11.0 pp |
| 2011 | 17.8% | $3.36 Billion | $18.89 Billion | $13.48 Billion | $10.12 Billion | ▼ -0.5 pp |
| 2010 | 18.2% | $3.54 Billion | $19.39 Billion | $13.90 Billion | $10.36 Billion | ▲ +5.8 pp |
| 2009 | 12.4% | $2.21 Billion | $17.78 Billion | $13.36 Billion | $11.15 Billion | ▲ +1.3 pp |
| 2008 | 11.1% | $1.97 Billion | $17.71 Billion | $14.67 Billion | $12.71 Billion | ▼ -9.1 pp |
| 2007 | 20.3% | $5.07 Billion | $25.03 Billion | $18.00 Billion | $12.93 Billion | ▲ +10.7 pp |
| 2006 | 9.5% | $2.56 Billion | $26.91 Billion | $15.27 Billion | $12.71 Billion | ▼ -5.6 pp |
| 2005 | 15.2% | $3.66 Billion | $24.16 Billion | $14.19 Billion | $10.53 Billion | ▼ -1.7 pp |
| 2004 | 16.8% | $3.77 Billion | $22.41 Billion | $13.33 Billion | $9.55 Billion | ▼ -2.8 pp |
| 2003 | 19.6% | $3.88 Billion | $19.80 Billion | $11.92 Billion | $8.04 Billion | ▼ -1.7 pp |
| 2002 | 21.3% | $3.86 Billion | $18.08 Billion | $10.36 Billion | $6.50 Billion | ▼ -1.2 pp |
| 2001 | 22.6% | $3.39 Billion | $15.02 Billion | $7.78 Billion | $4.38 Billion | ▲ +0.5 pp |
| 2000 | 22.1% | $2.73 Billion | $12.35 Billion | $6.39 Billion | $3.66 Billion | ▼ -1.6 pp |
| 1999 | 23.7% | $2.08 Billion | $8.75 Billion | $4.93 Billion | $2.86 Billion | ▼ -4.1 pp |
| 1998 | 27.8% | $2.00 Billion | $7.21 Billion | $4.46 Billion | $2.46 Billion | ▼ -3.1 pp |
| 1997 | 30.8% | $1.87 Billion | $6.05 Billion | $3.71 Billion | $1.84 Billion | ▲ +6.1 pp |
| 1996 | 24.8% | $1.26 Billion | $5.06 Billion | $2.67 Billion | $1.42 Billion | ▼ -1.5 pp |
| 1995 | 26.3% | $918.80 Million | $3.49 Billion | $2.13 Billion | $1.21 Billion | ▼ -9.0 pp |
| 1994 | 35.3% | $994.00 Million | $2.81 Billion | $1.97 Billion | $972.60 Million | ▲ +0.3 pp |
| 1993 | 35.0% | $807.10 Million | $2.30 Billion | $1.56 Billion | $754.90 Million | ▼ -1.9 pp |
| 1992 | 36.9% | $623.90 Million | $1.69 Billion | $1.16 Billion | $534.30 Million | ▼ -7.1 pp |
| 1991 | 44.0% | $300.90 Million | $683.40 Million | $713.60 Million | $412.70 Million | ▼ -9.5 pp |
| 1990 | 53.5% | $273.90 Million | $512.10 Million | $566.20 Million | $292.30 Million | ▲ +16.2 pp |
| 1989 | 37.3% | $142.80 Million | $382.90 Million | $336.90 Million | $194.10 Million | ▲ +2.8 pp |
| 1988 | 34.5% | $110.60 Million | $320.60 Million | $257.30 Million | $146.70 Million | ▼ -21.4 pp |
| 1987 | 55.9% | $91.10 Million | $163.00 Million | $197.90 Million | $106.80 Million | ▼ -63.6 pp |
| 1986 | 119.5% | $106.50 Million | $89.10 Million | $190.10 Million | $83.60 Million | — |