Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Dell Technologies Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
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 cash and cash equivalents exhibit volatility over the reported periods. Initially, there is a moderate increase from approximately $9 billion to a peak near $22 billion during late 2021, followed by a sharp decline. In recent quarters, the balance fluctuates around a lower range of $4.5 to $9.5 billion, indicating variability in liquidity management or cash flow activities.
- Accounts Receivable, Net
- Accounts receivable show fluctuations with peaks around late 2021 reaching approximately $14 billion. A downward trend follows through 2022 into early 2023 before another slight increase occurs. Variability in this current asset likely reflects changes in sales volumes or credit terms extended over time.
- Due From Related Party, Net (Current)
- This item appears intermittently with relatively small balances (under $500 million), demonstrating minor intercompany financing or receivables. The amounts show some growth from 2022 onwards but remain a limited portion of total assets.
- Short-term Financing Receivables, Net
- Short-term financing receivables maintain a relatively stable range between approximately $4.5 billion and $6.4 billion. The gradual upward trend in later periods signals an increasing focus on short-term financing arrangements or growth in financing activities.
- Inventories
- Inventories generally trend upward from 2019 through late 2022, rising from about $3.1 billion to over $7.4 billion. However, there is notable variability with a decline observed around 2023 before inventories peak again in late 2024 and early 2025. This trend may indicate adjustments in supply chain management or demand fluctuations.
- Other Current Assets
- Other current assets show a rising trend through 2021, reaching upwards of $12.4 billion, followed by some decline and inconsistent fluctuations, chiefly between $8.4 billion and $12.6 billion in recent periods. These variations suggest shifts in miscellaneous short-term asset components.
- Current Assets Held for Sale
- Reported only sporadically, values around $1.3 to $2.1 billion appear in a few quarters, implying occasional reclassification of assets for disposal. The amounts are relatively minor compared to total current assets.
- Total Current Assets
- Total current assets increased significantly reaching a peak near $57 billion in late 2021 before decreasing to the $34–43 billion range more recently. This points to a peak period of liquidity and short-term asset accumulation, followed by steady-state or reduction aligned with operational needs.
- Property, Plant, and Equipment, Net
- This fixed asset category experiences modest growth over time, moving from about $5.5 billion in early periods to around $6.5 billion by late 2025. The trend indicates consistent capital investment and asset replenishment.
- Long-term Investments
- Long-term investments show gradual growth from approximately $780 million to $1.8 billion over the entire span, highlighting a growing emphasis on longer-term asset holdings.
- Long-term Financing Receivables, Net
- These receivables generally increase from $4.1 billion to approximately $6.7 billion, indicating an expansion in extended financing activities or long-term receivable balances.
- Goodwill
- Goodwill balances remain relatively stable around $40 billion until about early 2021, after which there is a substantial decrease to roughly $19 billion, sustaining at that level thereafter. This significant change suggests asset impairment, divestitures, or restructuring that affected intangible acquisition-related assets.
- Intangible Assets, Net
- Intangible assets demonstrate a steady decline from over $20 billion to under $5 billion across the periods, indicating amortization, impairment, or disposals over time.
- Due From Related Party, Net (Non-current)
- Reported intermittently in later years with amounts under $1 billion, showing modest non-current intercompany balances with decreasing trends.
- Other Non-current Assets
- Other non-current assets initially increase significantly, nearly doubling around 2019–2020, then steadily decline from approximately $11.2 billion to about $5.4 billion in recent periods. This pattern denotes various long-term adjustments or disposals.
- Non-current Assets
- Non-current assets as a whole peak around $80 billion in the 2019–2020 timeframe and then decrease steadily to the $43–44 billion level by 2025, reflecting reductions primarily in goodwill, intangible assets, and other non-current components.
- Total Assets
- Total assets trend upward through late 2021, peaking around $136 billion, then decline sharply to approximately $79–89 billion for the latest quarters. The movement corresponds to significant asset base contraction driven by impairment or divestitures, notably in goodwill and intangible assets, alongside fluctuations in current assets.