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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- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Selected Financial Data since 2019
- Current Ratio since 2019
- Total Asset Turnover since 2019
- Price to Earnings (P/E) since 2019
- Analysis of Debt
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Dell Technologies Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-05-01), 10-K (reporting date: 2026-01-30), 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).
The asset structure shows a significant transformation over the analyzed period, characterized by a sharp reduction in intangible valuations and a subsequent expansion of working capital. Total assets peaked in October 2021 at 135,677 million US dollars before experiencing a substantial contraction in early 2022. Following a period of relative stability between 80,000 and 90,000 million US dollars, total assets entered a growth phase starting in late 2024, reaching 114,913 million US dollars by May 2026.
- Current Asset Volatility and Working Capital Growth
- Current assets exhibit a notable upward trajectory in the final stages of the period. While they fluctuated between 34,000 and 45,000 million US dollars for several years, a surge is observed starting in early 2025, culminating in 70,607 million US dollars by May 2026. This growth is primarily driven by sharp increases in accounts receivable and inventories. Accounts receivable rose from approximately 10,000 million US dollars in early 2025 to 25,854 million US dollars by May 2026, while inventories climbed from 6,716 million US dollars in January 2024 to 15,052 million US dollars by May 2026.
- Cash and cash equivalents displayed a cyclical pattern, peaking at 22,406 million US dollars in October 2021, declining to a low of 3,633 million US dollars in January 2025, and recovering to 11,578 million US dollars by May 2026.
- Non-Current Asset Devaluation and Stabilization
- A primary driver of the overall asset reduction occurred between October 2021 and January 2022, where goodwill was reduced by approximately 50%, dropping from 40,701 million US dollars to 19,770 million US dollars. Simultaneously, intangible assets experienced a consistent downward trend, falling from 16,827 million US dollars in May 2020 to 4,439 million US dollars by May 2026.
- Property, plant, and equipment remained the most stable component of the balance sheet, maintaining a consistent range between 5,400 and 6,900 million US dollars throughout the entire period.
- Financing Receivables Trends
- Both short-term and long-term financing receivables showed gradual growth. Short-term receivables increased from 4,752 million US dollars in May 2020 to 8,237 million US dollars by May 2026. Long-term financing receivables remained relatively steady, fluctuating around the 5,000 to 6,000 million US dollar mark, ending at 5,713 million US dollars.
The overall transition indicates a shift from an asset base heavily weighted toward goodwill and intangibles to one more dependent on operational liquidity and working capital. The dramatic increase in receivables and inventory toward 2026 suggests an intensification of business activity or a change in the efficiency of the asset conversion cycle.