Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Paying user area
Try for free
Dollar Tree Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Dollar Tree Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Dollar Tree Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
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).
- Current Liabilities
- The proportion of current liabilities relative to total liabilities and shareholders' equity showed fluctuations over the periods. Starting at 13.41% in early 2017, it rose to a peak of 19.23% by early 2022, indicating an increasing share of short-term obligations. Notably, the current portion of long-term debt demonstrated variability, with a spike in early 2018 (5.61%) but was absent in several years thereafter. Conversely, current operating lease liabilities became significant starting from 2020, maintaining a consistent presence around 6.5%, reflecting changes in lease accounting or leasing activity.
- Accounts Payable and Taxes
- Accounts payable fluctuated, peaking at 10.49% in early 2019, dropping to 6.83% in 2020, and then increasing to 8.67% by 2022, suggesting variable payment cycles or supplier financing. Income taxes payable remained relatively low and stable, below 0.6% throughout, while other taxes showed minor increases, with the highest value of 1.47% in 2021. This indicates a stable tax liability structure with slight increases in non-income tax obligations.
- Compensation, Benefits, and Other Operating Accruals
- Compensation and benefits as a percentage of the total liabilities and shareholders' equity declined over time, starting at 1.24% in 2017 and dropping to 0.57% by 2022, suggesting improved efficiency or changes in employee-related obligations. Insurance maintained stability around 0.56–0.79%. Accrued construction costs and supplies showed minor fluctuations, remaining low overall, indicating limited exposure to construction or supply accrual liabilities. Other current liabilities decreased gradually from 4.74% in 2017 to approximately 3.69% in 2022.
- Long-Term Debt and Lease Liabilities
- A significant trend is observed in long-term debt and lease obligations. Net long-term debt (excluding current portion) declined sharply from 39.29% in 2017 to around 15.7% in 2022, signaling substantial debt reduction or refinancing. Meanwhile, operating lease liabilities, not separately reported before 2020, constituted a notable portion of long-term liabilities thereafter, slightly decreasing from 25.44% in 2021 to 23.69% in 2022. This shift likely reflects adoption of new lease accounting standards, increasing transparency of lease obligations on the balance sheet.
- Deferred and Long-Term Income Taxes
- Deferred income taxes net decreased from 9.29% in 2017 to 4.54% in 2022, indicating a reduction in deferred tax liabilities or changes in tax positions. Long-term income taxes payable diminished steadily from 0.45% to 0.1%, reinforcing a trend toward lower tax liabilities over the longer term.
- Other Liabilities and Noncurrent Liabilities
- Other liabilities presented a peak around 3.04% in 2019 but declined subsequently to near 1.18% by 2022. The overall share of noncurrent liabilities experienced variability, with a low of 38.52% in 2018, rising to nearly 50% in 2020, then slightly decreasing to 45.24% by 2022. This pattern reflects shifting balances between long-term obligations and other capital structure components.
- Total Liabilities
- Total liabilities fluctuated notably, reaching a low of 56.03% in 2018, then peaking at 68.05% in 2020, before settling around 64.5% in 2021 and 2022. These movements reflect significant changes in both short- and long-term liabilities, consistent with debt reduction and evolving lease accounting impacts.
- Shareholders' Equity
- Shareholders' equity as a percentage of total liabilities and equity ranged from 31.95% in 2020 to a high of 43.97% in 2018. After a marked drop in 2020, it recovered modestly to about 35.5% in 2022, suggesting overall moderate equity capitalization. Retained earnings contributed the largest portion within equity, displaying growth from 18.8% in 2017 to nearly 30% in 2022, indicating accumulated profitability or earnings retention. Conversely, additional paid-in capital declined from 19.28% in 2019 to 5.73% in 2022, possibly reflecting capital transactions or repurchases. Common stock and accumulated other comprehensive loss remained marginal components throughout the periods.
- Overall Capital Structure Insights
- The data indicates a shift toward reduced reliance on traditional long-term debt and increased recognition of lease liabilities, consistent with evolving financial reporting standards. The company's short-term liabilities increased moderately, while equity levels remained stable but with changing composition favoring retained earnings over paid-in capital. These trends suggest an active management of debt obligations and capital structure, balancing lease commitments against other forms of financing. The reduction in deferred taxes and long-term tax liabilities may also imply beneficial tax strategies or changes in asset bases.