Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Lowe’s Cos. Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
May 2, 2025 Jan 31, 2025 Nov 1, 2024 Aug 2, 2024 May 3, 2024 Feb 2, 2024 Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019
Cash and cash equivalents
Short-term investments
Merchandise inventory, net
Other current assets
Current assets
Property, less accumulated depreciation
Operating lease right-of-use assets
Long-term investments
Deferred income taxes, net
Other assets
Noncurrent assets
Total assets

Based on: 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
Cash and cash equivalents as a percentage of total assets exhibit significant fluctuation over the observed periods, initially decreasing from 6.88% to a low of 1.81% by early 2020, followed by a sharp increase reaching a peak of 22.49% in mid-2020. Subsequently, the ratio declines again and continues to oscillate, generally trending between approximately 2% and 10% in the later periods, indicating variable liquidity management or cash holdings over time.
Short-term Investments
Short-term investments represent a small fraction of total assets throughout the periods, fluctuating mostly below 1%, with notable increases in mid-2020 and late 2020 reaching above 2%. This suggests a limited but occasionally more active allocation to liquid or near-liquid investment instruments.
Merchandise Inventory, Net
Merchandise inventory as a percentage of total assets shows a general increasing trend, starting from around 34.77% in early 2019, declining to approximately 26.72% by mid-2020, and then rising consistently to peak near 42.52% in early 2023. This pattern reflects changes in inventory investment policies or stock levels, possibly influenced by demand, supply chain factors, or strategic inventory management.
Other Current Assets
This category remains relatively stable, fluctuating modestly around 2% to 3%, showing no major disruptions or significant trends in composition of other current assets over time.
Current Assets
Current assets as a percentage of total assets vary notably, increasing sharply from approximately 38.81% in early 2020 to above 50% multiple times, particularly in mid-2020 and mid-2022. These fluctuations reflect changes in liquidity and short-term resource allocation, with peaks suggesting periods of stronger current asset holdings relative to overall assets.
Property, Less Accumulated Depreciation
This category generally ranges between 35% and 47%, showing a mild cyclical trend. Initially increasing through early 2020, then declining sharply by mid-2020, it later fluctuates in the high 30s to low 40s percent range. This reflects changes in fixed asset investment, asset base composition, or depreciation effects over time.
Operating Lease Right-of-Use Assets
The proportion of operating lease right-of-use assets remains relatively steady around 7% to 9.8%, with minor oscillations. This stability suggests consistent leasing commitments relative to total asset levels.
Long-term Investments
Long-term investments hold a minor fraction of total assets, mostly under 1%, with minor increases observed from late 2022 through early 2024. This indicates a generally limited emphasis on long-term financial investments relative to other asset classes.
Deferred Income Taxes, Net
The deferred income taxes as a percentage of total assets remain low and relatively stable, between approximately 0.07% and 1.3%, suggesting a limited impact of deferred tax assets or liabilities on the asset structure.
Other Assets
Other assets consistently represent between roughly 1.75% and 2.5% of total assets, with minimal variation, indicating stable minor asset components outside major categories.
Noncurrent Assets
Noncurrent assets as a portion of total assets fluctuate between about 46% and 61%, showing periods of both decrease and increase. Initial increases up to early 2020 are followed by declines into mid-2020, and a general fluctuating trend thereafter, reflecting periodic adjustments in the long-term asset base relative to total assets.
Total Assets
By definition, total assets are consistently 100% at each period, serving as a baseline for the assessment of asset category proportions.