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Stock Analysis on Net

Dollar Tree Inc. (NASDAQ:DLTR)

This company has been moved to the archive! The financial data has not been updated since November 22, 2022.

Common-Size Balance Sheet: Assets

Dollar Tree Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Cash and cash equivalents 4.53 6.85 2.75 3.13 6.72 5.52
Short-term investments 0.00 0.00 0.00 0.00 0.00 0.03
Merchandise inventories 20.11 16.56 17.99 26.19 19.40 18.25
Accounts receivable, net 0.00 0.00 0.58 0.75 0.55 0.52
Other 1.18 1.00 0.48 1.74 1.34 0.41
Accounts receivable, divestiture-related 0.00 0.00 0.00 0.00 0.00 0.36
Other current assets 1.18% 1.00% 1.06% 2.48% 1.89% 1.29%
Current assets 25.82% 24.40% 21.81% 31.80% 28.02% 25.08%
Property, plant and equipment, net of accumulated depreciation 20.61 19.89 19.83 25.52 19.60 19.84
Restricted cash 0.25 0.23 0.24 0.18 0.00 0.00
Operating lease right-of-use assets 29.58 30.56 31.80 0.00 0.00 0.00
Goodwill 9.14 9.59 10.13 17.01 30.77 31.99
Favorable lease rights, net of accumulated amortization 0.00 0.00 0.00 2.14 2.30 2.98
Trade name intangible asset 14.27 14.98 15.84 22.96 18.98 19.74
Deferred tax asset 0.09 0.11 0.12 0.00 0.00 0.00
Other assets 0.24 0.24 0.22 0.39 0.34 0.35
Noncurrent assets 74.18% 75.60% 78.19% 68.20% 71.98% 74.92%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

The asset composition of the organization exhibits a consistent split between current and noncurrent assets, with noncurrent assets generally representing between 68% and 78% of the total asset base. A significant structural shift occurred in the fiscal year ending February 1, 2020, characterized by the introduction of operating lease right-of-use assets, which fundamentally altered the balance sheet profile.

Current Asset Dynamics
Current assets peaked in February 2019 at 31.80% of total assets before stabilizing around 24% to 26% in subsequent years. This volatility is primarily driven by merchandise inventories, which fluctuated from a low of 16.56% in January 2021 to a peak of 26.19% in February 2019. Cash and cash equivalents showed inconsistent trends, dropping to a low of 2.75% in February 2020 before recovering to 6.85% in January 2021, suggesting periodic shifts in liquidity management.
Noncurrent Asset Evolution
The most prominent change in the noncurrent asset category is the emergence of operating lease right-of-use assets starting in February 2020, initially accounting for 31.80% of total assets and remaining substantial at 29.58% by January 2022. Property, plant, and equipment remained relatively stable, oscillating around 20% of total assets, with a temporary increase to 25.52% in February 2019.
Intangible Asset Depreciation
A sustained downward trend is observed in intangible assets. Goodwill declined sharply from 31.99% of total assets in January 2017 to 9.14% by January 2022. Similarly, trade name intangible assets generally decreased from 19.74% in 2017 to 14.27% in 2022, despite a brief increase in 2019. This persistent reduction suggests significant amortization or impairment of acquired intangible values over the analyzed period.
Liquidity and Other Assets
Accounts receivable remained a negligible component of the asset base, consistently staying below 1% of total assets. Other current and noncurrent assets maintained minimal footprints, with restricted cash appearing as a small but steady component from 2019 onward, averaging approximately 0.2% of total assets.

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