Home Depot (HD) Message Board

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Non-Tech : Home Depot (HD)

HD 373.81

-2.4%

Nov 5 3:59 PM EST

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To: Joan Osland Graffius who wrote (997)	8/21/2002 4:35:16 PM
From: David Lawrence	Read Replies (1) of 1169

>>These companies like HD are debt junkies. There are indeed a lot of overly leveraged companies out there, but Home Depot is hardly one of them They have a measly $1.3 billion in long term debt, a mere 6% of their capital structure. They have over $5 billion in cash, and excellent current and quick ratios. They will do $61 billion in revenues this year, and make around $3.6 billion in net profit ($70 billion and $4.3 billion next year), practically 100% of which will flow into shareholder equity, reducing the long term debt to an even smaller percentage of their total capitalization. I don't see how you can possibly categorize them with "debt junkies". Would you care to explain?

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