• Home Depot average debt/equity ratio for 2023 was 49.7, a 0.46% decline from 2022.
• Home Depot average debt/equity ratio for 2022 was 49.47, a 139.91% increase from 2021.
• Home Depot average debt/equity ratio for 2021 was 20.62, a 285.42% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.