Home Depot, Inc. (The)
-0.39 %
10.87 %
Yet to be announced
Company Overview
The Home Depot, Inc. operates as a home improvement retailer. It operates stores that sell various building materials, home improvement products, lawn and garden products, and décor products. The company also sells installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
Revenue Sources
PassBased on the company's financial statements and business model, Home Depot's revenue primarily comes from the sale of home improvement products and related services. The company does not derive significant revenue from prohibited activities such as alcohol, gambling, pork products, or other haram sources. Their core business activities involve the sale of building materials, tools, appliances, and home improvement services, which are all permissible under Islamic guidelines.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Feb. 2, 2025 | $39.7b | $35.85b | - | $638.0m | 0.00% | 1.78% |
| Oct. 27, 2024 | $40.22b | $35.42b | - | $625.0m | 0.00% | 1.76% |
| July 28, 2024 | $43.17b | $37.21b | - | $573.0m | 0.00% | 1.54% |
| April 28, 2024 | $36.42b | $31.82b | - | $485.0m | 0.00% | 1.52% |
Analyzing the interest expense ratios for the last four quarters: Interest expense represents between 1.3% to 1.8% of total expenses across all quarters examined. This level of interest expense is considered immaterial relative to the company's overall operations and falls within acceptable limits for halal investing.
Operational Ethics
PassWhile Home Depot operates in China through sourcing relationships with suppliers, there is no clear evidence of direct material ties to the Chinese Communist Party. The company does not maintain operations in Israel. The company has established supplier social responsibility standards and regularly audits its suppliers for compliance with human rights standards.
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