Stock Analysis on Net

Dell Technologies Inc. (NYSE:DELL)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Dell Technologies Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Short-term debt
Accounts payable
Due to related party
Accrued and other
Short-term deferred revenue
Current liabilities held for sale
Current liabilities
Long-term debt
Long-term deferred revenue
Other non-current liabilities
Non-current liabilities
Total liabilities
Redeemable shares
Common stock and capital in excess of $0.01 par value
Treasury stock at cost
Accumulated deficit
Accumulated other comprehensive loss
Total Dell Technologies Inc. stockholders’ equity (deficit)
Non-controlling interests
Total stockholders’ equity (deficit)
Total liabilities and stockholders’ equity (deficit)

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).


Short-term debt
The proportion of short-term debt relative to total liabilities and stockholders’ equity decreased from 6.51% in 2020 to 5.15% in 2021 but then increased steadily to 8.51% by 2024, before falling again to 6.53% in 2025. This indicates some fluctuation with a peak in 2024.
Accounts payable
Accounts payable showed a general upward trend from 16.88% in 2020 to 29.27% in 2022, decreasing significantly to 20.75% in 2023, and then rising again to 26.12% in 2025. The fluctuations suggest varying payment cycles or supplier financing dynamics.
Due to related party
This category was not reported until 2022, when it appeared at 1.52% and increased to 2.31% in 2023, then no data was recorded for subsequent years, indicating possible changes in related-party transactions or balance sheet classifications.
Accrued and other liabilities
Values remained relatively stable, fluctuating modestly between 7.74% and 9.9% across the years, reflecting consistent levels of accrued obligations and other miscellaneous liabilities.
Short-term deferred revenue
This liability steadily increased from 12.52% in 2020 to a peak of 18.66% in 2024 before slightly declining to 17.15% in 2025, indicating growing amounts of payments received for future services or products within the short term.
Current liabilities held for sale
Reported only in 2025 at 0.28%, suggesting an asset disposal or restructuring involving current liabilities during that year.
Current liabilities
There was a marked rise from 44.13% in 2020 to 60.62% in 2022, followed by slight fluctuations around 58-59% thereafter, showing an increased share of current liabilities in the overall capital structure.
Long-term debt
Long-term debt as a percentage of total liabilities and equity declined notably from 37.29% in 2020 to 22.79% in 2022. Afterward, it increased slightly to around 24% by 2025, indicating a reduction in long-term borrowing initially, with modest increases later.
Long-term deferred revenue
There was a consistent upward trend from 10.87% in 2020 to 16.84% in 2024, with a minor decrease to 15.41% in 2025, pointing to rising deferred revenue obligations over the longer term.
Other non-current liabilities
This category experienced a gradual decline from 4.53% in 2020 to 3.6% in 2023, maintaining slightly below 4% thereafter, indicating a slight reduction or stabilization in other long-term obligations.
Non-current liabilities
The proportion of non-current liabilities decreased from 52.68% in 2020 to 41.08% in 2022, followed by a rise to around 43-45% in subsequent years, reflecting a shift from long-term to more current liabilities in the capital mix supplemented by moderate rebounding afterward.
Total liabilities
Total liabilities as a percent of total capital hovered near or slightly above 100% from 2022 forward, indicating that liabilities consistently exceeded stockholders’ equity, thus implying a negative or minimal equity base.
Redeemable shares
Reported only in 2020 and 2021 at low levels (0.53% and 0.38%, respectively) and subsequently no data, implying a reduction or elimination of redeemable shares after 2021.
Common stock and capital in excess of par value
This equity component declined notably from 13.65% in 2021 to 8.52% in 2022, then steadily increased to 11.44% by 2025, indicating equity issuance or retained capital improvements in recent years.
Treasury stock at cost
Treasury stock showed a growing negative percentage from -0.05% in 2020 to -10.66% in 2025, reflecting substantial repurchases or retirements of stock over time, reducing equity.
Accumulated deficit
The accumulated deficit improved steadily from -14.21% in 2020 to -1.45% in 2025, demonstrating a reduction in cumulative losses and an improving retained earnings position.
Accumulated other comprehensive loss
This loss fluctuated slightly but remained minor relative to total capital, around -0.25% to -1.18%, indicating limited impact from comprehensive income elements.
Total Dell Technologies Inc. stockholders’ equity (deficit)
The company’s own equity showed negative positioning in multiple years, with fluctuations between -3.48% and 2.01%, consistently remaining close to zero or negative, implying weak or deficient equity base.
Non-controlling interests
Non-controlling interests held a stable share around 0.11%-0.12% after a slight decrease from 4.11% in 2021, indicating minimal changes in minority ownership stakes.
Total stockholders’ equity (deficit)
Total equity including non-controlling interests shifted from positive 6.12% in 2021 down to approximately -1.74% in 2025, supporting the observation of a predominantly leveraged capital structure with limited or negative equity.
Total liabilities and stockholders’ equity (deficit)
Consistently aligned at 100%, confirming that all components are proportional parts of the total financing and confirming data integrity.