Common-Size Balance Sheet: Assets
Quarterly Data
Lowe’s Cos. Inc., common-size consolidated balance sheet: assets (quarterly data)
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 as a percentage of total assets demonstrates significant volatility across the observed periods. Initially low in early 2019, it peaked notably during mid-2020, reaching over 22%, likely reflecting liquidity conservation measures during that period. Subsequent periods show a declining trend, with percentages fluctuating mostly between 2% and 10%. The latest data point in late 2025 shows a marked drop to just above 1%, indicating a decreased cash holding relative to total assets.
- Short-Term Investments
- Short-term investments remain a small fraction of total assets throughout the periods, generally below 1%, with occasional spikes near 3% between mid-2020 and early 2022. Overall, this category maintains a relatively stable share of total assets without clear upward or downward trends.
- Receivables, Net
- Receivables data is sparse, with a single recorded figure near the end of the timeline at approximately 2.3% of total assets, limiting the ability to analyze trends for this item.
- Merchandise Inventory, Net
- Merchandise inventory consistently forms a substantial portion of total assets, ranging mainly between 30% and 42%. A decline is observed during mid-2020, with the lowest proportions around 26%, possibly reflecting inventory reductions during that period. Afterward, the ratio fluctuates but tends to stay elevated around 40%, with a slight descending tendency toward the end of the data set, where it reaches near 32%. This implies a concentration in inventory holdings with moderate variation over time.
- Other Current Assets
- Other current assets show modest fluctuations, generally maintaining a range of about 1.5% to 3.5% of total assets. The trend does not indicate significant increase or decrease but exhibits some variability within these parameters.
- Current Assets
- The aggregate of current assets as a percentage of total assets shows a notable spike during mid-2020, climbing to over 53%. This aligns with the increased cash levels in that period, indicating a strong liquidity position. Before and after this peak, current assets mostly range between 38% and 53%, with a slight downward trend in the final periods, ultimately decreasing to around 38%. This suggests a reduction in current resources relative to total assets toward the end of the timeline.
- Property, Less Accumulated Depreciation
- Property assets as a share of total assets fluctuate between the mid-30% and low 40% range. There is a marked decline around mid-2020, followed by some recovery. The data exhibits cyclical variation but lacks a sustained upward or downward trajectory. Toward the last recorded dates, this asset category trends lower, down to approximately 34%, indicating potential asset disposals or revaluations.
- Operating Lease Right-of-Use Assets
- This category remains fairly consistent, generally hovering between 7% and 9% of total assets throughout the entire period. Minor oscillations occur but no substantial trends are evident, reflecting relative stability in lease-related asset holdings.
- Long-Term Investments
- Long-term investments represent a small and relatively stable portion of total assets, mostly under 1%. Slight variations occur over time, but no clear directional trend is present.
- Deferred Income Taxes, Net
- Deferred income taxes as a percentage of total assets generally remain below 1% with some variance. The values temporarily decline around early 2020 and display minor fluctuations without a definitive trend. The figures decrease toward the last recorded periods, suggesting changes in deferred tax balances or tax strategies.
- Intangible Assets, Net
- This category appears in the latter part of the timeline with a sudden increase from zero to approximately 2% and subsequently climbing sharply to over 11%. This indicates a significant acquisition or recognition of intangible assets during this period.
- Goodwill
- Similar to intangible assets, goodwill emerges in the later periods and rises substantially from an initial low under 1.5% to over 7%. This notable increase implies acquisitions or goodwill recognition occurring toward the end of the timeline.
- Other Assets
- Other assets exhibit minor variation, mostly fluctuating between 0.6% and 2.5%. There is a gradual decline in the later periods, indicating a slight reduction in miscellaneous asset holdings.
- Noncurrent Assets
- Noncurrent assets as a percentage of total assets generally decrease sharply around mid-2020 from above 60% to just above 45%, coinciding with the increases in current assets and cash levels during the same period. After partial recovery, the proportion stabilizes in the 47% to 52% range, before increasing markedly toward the very end of the dataset above 60%, likely influenced by the recognition of new intangible assets and goodwill.
- Total Assets
- As expected, total assets consistently represent 100% throughout all periods, serving as the basis for all relative percentage reporting.