Common-Size Balance Sheet: Assets
Quarterly Data
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Based on: 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-08-01), 10-Q (reporting date: 2025-05-02), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets fluctuated over the periods, peaking notably at 16.51% in late 2021 before declining and stabilizing around 9-11% towards 2024 to 2025. This indicates episodic liquidity adjustments, with a general tendency to maintain a moderate cash reserve.
- Accounts receivable, net of allowance
- Accounts receivable as a percentage of total assets showed variability, with a notable increase from around 9.57% in mid-2019 to peaks over 15% in mid-2022. After this peak, the figure tended to decline slightly but remained elevated relative to the early periods, implying shifts in credit policies or sales cycles affecting receivables.
- Due from related party, net
- The amounts due from related parties appeared sporadically from 2021 onward, generally maintaining a very low percentage (less than 0.5%), suggesting minimal financial transactions or balances in this category within total assets.
- Short-term financing receivables, net of allowance
- A modest upward trend was observed in short-term financing receivables, increasing from about 3.89% in early 2019 to over 7% by late 2025. This gradual increase indicates a growing emphasis on short-term financing activities as a component of current assets.
- Inventories
- Inventory levels relative to total assets increased significantly between late 2020 and late 2022, peaking at over 8%, before showing some slight declines but remaining elevated compared to earlier years. This could reflect changes in inventory management or increased stockholding requirements.
- Other current assets
- Other current assets as a proportion of total assets experienced a pronounced rise, especially from 2020 through 2022, reaching levels above 14% at one point before declining somewhat towards 2025. This volatility may reflect fluctuating auxiliary current assets or reclassifications within current asset categories.
- Current assets
- Overall current assets increased as a percentage of total assets from approximately 30% in 2019 to levels approaching or exceeding 50% in some recent periods, indicating a strategic shift towards greater liquidity or operational asset composition within the company.
- Property, plant, and equipment, net
- This asset category showed a steady, modest increase over the periods, moving from about 5% to nearing 7.5% by 2025. The steady growth suggests ongoing investment or asset retention in tangible fixed assets.
- Long-term investments
- Long-term investments maintained a relatively stable proportion, generally ranging between 0.6% and 2%, without drastic fluctuations, indicating a consistent but limited allocation to such investments in relation to total assets.
- Long-term financing receivables, net of allowance
- There was a discernible upwards trend in long-term financing receivables, increasing from around 3.8% to over 7% by the final periods. This pattern suggests expansion in credit extended over longer terms, potentially to customers or related financing activities.
- Goodwill
- Goodwill as a percentage of total assets declined significantly from over 36% in early 2019 to around 21-24% in the latest periods, indicating impairments, disposals, or revaluations that substantially reduced this intangible asset component over the observed timeframe.
- Intangible assets, net
- Intangible assets showed a consistent downward trend, decreasing from roughly 19% to below 6% of total assets. This steady decline highlights amortization, write-offs, or strategic reductions in intangible asset holdings.
- Other non-current assets
- Other non-current assets peaked early in the period near 8.7-9.3% but subsequently decreased to around 6-7% by 2025. This decline may reflect asset disposals or reclassifications from long-term categories.
- Non-current assets
- Non-current assets comprised a majority share of total assets initially, around 69%, but their relative share declined to approximately 50% by the end of the data, reflecting the combined effect of decreasing goodwill and intangible assets, along with growth in current assets.
- Total assets
- By definition, total assets were consistently at 100%, serving as the base for analyzing all component percentages.