Texts: Look at the balance sheet and list the Current Liabilities Home Depot has. Compute the Current Ratio and explain its meaning.
CONSOLIDATED BALANCE SHEETS
January 30, 2022
January 31, 2021
(in millions, except per share data)
Assets
Current assets:
Cash and cash equivalents
Receivables, net
Merchandise inventories
Other current assets
Total current assets
Net property and equipment
Operating lease right-of-use assets
Goodwill
Other assets
Total assets
2,343
3,426
22,068
1,218
29,055
25,199
5,968
7,449
4,205
71,876
7,895
2,992
16,627
963
28,477
24,705
5,962
7,126
4,311
70,581
Liabilities and Stockholders' Equity
Current liabilities:
Short-term debt
Accounts payable
Accrued salaries and related expenses
Sales taxes payable
Deferred revenue
Income taxes payable
Current installments of long-term debt
Current operating lease liabilities
Other accrued expenses
Total current liabilities
Long-term debt, excluding current installments
Long-term operating lease liabilities
Deferred income taxes
Other long-term liabilities
Total liabilities
1,035
13,462
2,426
848
3,596
158
2,447
830
3,891
28,693
36,604
5,353
606
2,013
73,572
11,606
2,463
774
2,823
193
1,416
828
3,063
23,166
35,822
5,356
1,131
1,807
67,282
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,792 shares at January 30, 2022 and 1,789 shares at January 31, 2021; outstanding: 1,035 shares at January 30, 2022 and 1,077 shares at January 31, 2021
Paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost, 757 shares at January 30, 2022 and 712 shares at January 31, 2021
Total stockholders' (deficit) equity
Total liabilities and stockholders' equity
90
12,132
67,580
(704)
89
11,540
58,134
(671)
(80,794)
(1,696)
71,876
(65,793)
3,299
70,581
See accompanying notes to consolidated financial statements.
