Dell Technologies Inc. (NYSE:DELL)

The analysis of current assets, current liabilities, and the current ratio over the seven-year period reveals several important trends and insights regarding the company's short-term financial position.

Current Assets

Current assets showed a general increasing trend from 2019 to 2022, rising from approximately 36,138 million USD in 2019 to a peak of about 45,033 million USD in 2022. However, there was a subsequent decline in the following two years, with current assets falling to roughly 35,947 million USD in 2024 before slightly recovering to 36,229 million USD in 2025.

Current Liabilities

Current liabilities consistently increased from 44,972 million USD in 2019 to a peak of 56,219 million USD in 2022. After this peak, the liabilities steadily decreased to 48,494 million USD in 2024 and continued to decline to 46,527 million USD in 2025. This pattern indicates that the company initially took on more short-term obligations until 2022, followed by a reduction in these liabilities over the subsequent years.

Current Ratio

The current ratio, which measures the company’s ability to cover short-term liabilities with its short-term assets, fluctuated in a narrow range from 0.7 to 0.82 throughout the period. It started at 0.8 in 2019, dipped to 0.7 in 2020, and recovered to 0.82 in 2023, the highest during the period. Afterwards, it slightly declined to 0.74 in 2024 and modestly improved to 0.78 in 2025. Despite the fluctuations in assets and liabilities, the current ratio remained below 1, indicating that current liabilities exceeded current assets during the entire period.

Overall, the data suggest that while the company increased its current assets and liabilities up to 2022, it faced a consistent shortfall in liquid assets relative to its short-term obligations. The reduction in current liabilities after 2022 improved the short-term financial balance but did not fully reverse the position of a current ratio under 1. The company's liquidity position, as measured by the current ratio, indicates a need for continued attention to managing short-term obligations relative to available assets.