Analyze significant trends you see for the company's debt over the last 3 years. Include how the company uses debt or equity to raise capital, any significant debt the company may be carrying, and any leases the company has that may affect debt.

Ratios
Liquidity Ratios	The Home Depot		Competitor	Industry
Short-Term Debt Paying Ratios	2019	2020	2021
Working Capital	8850.00	8013.00	12042.00		1.02	1.17
Current Ratio	1.0781	1.2293	1.0130		1.02	1.6
Acid Test Ratio	0.2307	0.4700	0.2011		0.13	0.9
Cash Ratio	0.1161	0.3408	0.0817		0.07	0.14
Long-Term Solvency or Financial Leverage
Times Interested Earned	12.2523	12.6043	16.1373		10.12
Fixed Charge Coverage	1.6453	1.6060	1.7622
Debt Ratio	1.0608	0.9533	1.0235		1.11	0.53
Debt: Equity Ratio	-10.1037	11.2877	-23.6356		-2.604
Asset Utilization or Turnover Ratios
Inventory turnover	4.9999	5.2479	4.5462		4.09	5.4
Days Sales in Inventory	73.0020	69.5515	80.2873			67
Receivables Turnover	54.5398	51.8282	47.1041			28.5
Days Sales in Receivables	6.6924	7.0425	7.7488			12.8
Operating Cycle	127.5418	121.3797	127.3913
Profitability Ratios
Net Profit Margin Ratio	0.1020	0.0974	0.1087
Total Asset Turnover	2.3147	2.1690	2.1222		1.98
Return on Assets	0.2194	0.1823	0.2286		0.17	0.209
Operating Income Margin	0.1437	0.1384	0.1524
Sales to Fixed Assets	3.8743	3.5934	2.3799			1.8
ROE	-3.6078	3.9000	-9.6893			0.789
Return on Common Equity	-4.5022	140.6120	20.5028
Gross Profit Margin	0.3409	0.3395	0.3363
Investor Ratios
Degree of Financial Leverage	1.0889	1.0862	1.0661
Earnings per Share	10.3043	11.9461	15.5616		7.75	3.92
Diluted Earnings per Share	10.0375	11.8308	15.3867		3.21
Price/Earnings Ratio	20.7678	21.6932	23.0677		15.78	19.02
Percentage of Earnings Retained	4.6014	4.5184	4.1125
Dividend Payout	0.5337	0.5052	0.4260
Dividend Yield	0.1990	0.1632	0.1144		0.017