Dell Technologies Inc. (DELL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Total Current Assets | 70.61B | 57.6B | 43.1B | 45.51B | 42.92B | 36.23B | 38.03B | 37.54B | 34.63B | 35.98B | 36.99B | 39B | 37.39B | 42.35B | 38.79B | 42.26B | 41.38B | 45.03B | 57.18B | 43.55B |
| Cash & Short-Term Investments | 11.58B | 11.53B | 9.57B | 8.29B | 7.7B | 3.63B | 5.22B | 4.55B | 5.83B | 7.37B | 8.3B | 8.36B | 7.63B | 8.61B | 4.91B | 5.51B | 6.65B | 9.48B | 22.41B | 11.72B |
| Cash Only | 11.58B | 11.53B | 9.57B | 8.29B | 7.7B | 3.63B | 5.22B | 4.55B | 5.83B | 7.37B | 8.3B | 8.36B | 7.63B | 8.61B | 4.91B | 5.51B | 6.65B | 9.48B | 22.41B | 11.72B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 34.09B | 26.04B | 18.15B | 20.98B | 15.17B | 15.6B | 16.19B | 16.36B | 13.22B | 13.99B | 14.65B | 15.56B | 14.8B | 18.14B | 16.55B | 18.49B | 16.76B | 18.13B | 19.15B | 17.87B |
| Days Sales Outstanding | 62.41 | 60.24 | 65.92 | 55.23 | 59.88 | 60.76 | 60.78 | 53.78 | 56.88 | 57.09 | 61.77 | 60.23 | 73.99 | 65.81 | 64.48 | 60.7 | 58.79 | 78.95 | 63.74 | 63.49 |
| Inventory | 15.05B | 10.44B | 6.95B | 7.21B | 7.42B | 6.72B | 6.65B | 5.95B | 4.78B | 3.62B | 3.38B | 3.58B | 4.02B | 4.78B | 6.17B | 5.88B | 6.28B | 5.9B | 5.44B | 4.22B |
| Days Inventory Outstanding | 32.16 | 29.68 | 30.26 | 27.35 | 34.87 | 33.2 | 30.09 | 24.78 | 22.47 | 18.33 | 18.53 | 19.71 | 25.98 | 26.97 | 28.85 | 26.36 | 26.35 | 22.2 | 21.05 | 19.57 |
| Other Current Assets | 9.89B | 9.59B | 8.44B | 8.43B | 12.64B | 10.28B | 9.97B | 10.68B | 10.79B | 11.01B | 10.66B | 11.49B | 10.95B | 10.83B | 11.16B | 12.39B | 11.68B | 11.53B | 10.18B | 9.74B |
| Total Non-Current Assets | 44.31B | 43.68B | 44.38B | 43.66B | 43.94B | 43.52B | 43.92B | 45.14B | 45.56B | 46.14B | 46.28B | 46.66B | 46.7B | 47.26B | 46.38B | 46.51B | 47.03B | 47.7B | 78.5B | 79.12B |
| Property, Plant & Equipment | 6.95B | 6.68B | 6.54B | 6.46B | 6.38B | 6.34B | 6.33B | 6.3B | 6.24B | 6.43B | 6.93B | 6.97B | 7B | 6.21B | 6.57B | 6.56B | 6.35B | 5.42B | 8.88B | 8.71B |
| Fixed Asset Turnover | 6.44x | 5.05x | 4.16x | 4.64x | 3.68x | 3.76x | 3.86x | 3.99x | 3.51x | 3.34x | 3.20x | 3.28x | 3.17x | 3.92x | 3.77x | 4.09x | 4.44x | 3.11x | 3.01x | 2.79x |
| Goodwill | 19.5B | 19.55B | 19.36B | 19.34B | 19.32B | 19.12B | 19.24B | 19.65B | 19.64B | 19.7B | 19.62B | 19.64B | 19.66B | 19.68B | 19.37B | 19.5B | 19.6B | 19.77B | 40.7B | 40.74B |
| Intangible Assets | 4.44B | 4.53B | 4.63B | 4.75B | 4.87B | 4.99B | 5.15B | 5.37B | 5.54B | 5.7B | 5.91B | 6.06B | 6.27B | 6.47B | 6.73B | 6.97B | 7.22B | 7.46B | 12.32B | 13.01B |
| Long-Term Investments | 2.48B | 1.73B | 8.48B | 7.67B | 1.59B | 1.5B | 1.31B | 1.3B | 1.29B | 1.32B | 1.29B | 1.33B | 1.4B | 1.52B | 1.53B | 1.52B | 1.87B | 1.84B | 1.83B | 1.88B |
| Other Non-Current Assets | 10.93B | 11.2B | 5.37B | 5.46B | 11.79B | 11.58B | 11.89B | 12.51B | 12.86B | 12.99B | 12.53B | 12.66B | 12.38B | 13.39B | 12.18B | 11.96B | 11.99B | 13.22B | 8.32B | 8.39B |
| Total Assets | 114.91B | 101.29B | 87.48B | 89.18B | 86.87B | 79.75B | 81.95B | 82.69B | 80.19B | 82.13B | 83.26B | 85.66B | 84.09B | 89.61B | 85.17B | 88.78B | 88.41B | 92.73B | 135.68B | 122.68B |
| Asset Turnover | 0.41x | 0.35x | 0.31x | 0.34x | 0.28x | 0.29x | 0.30x | 0.31x | 0.27x | 0.27x | 0.26x | 0.27x | 0.24x | 0.29x | 0.28x | 0.30x | 0.29x | 0.19x | 0.20x | 0.20x |
| Asset Growth % | 32.28% | 27.01% | 6.75% | 7.85% | 8.33% | -2.9% | -1.58% | -3.47% | -4.64% | -8.35% | -2.24% | -3.51% | -4.88% | -3.37% | -37.22% | -27.64% | -27.39% | -24.86% | 14.06% | 1.16% |
| Total Current Liabilities | 74.6B | 63.27B | 50.52B | 54.86B | 50.42B | 46.53B | 49.5B | 52.03B | 47.73B | 48.35B | 48.88B | 50.94B | 46.83B | 51.65B | 52.01B | 54.79B | 53.06B | 56.22B | 69.7B | 55.48B |
| Accounts Payable | 45.26B | 33.63B | 23.79B | 27.46B | 25.35B | 20.83B | 23.4B | 24.09B | 20.59B | 19.23B | 19.48B | 19.97B | 17.8B | 18.6B | 22.51B | 25.34B | 25.59B | 27.14B | 26.77B | 23.03B |
| Days Payables Outstanding | 99.54 | 98.04 | 109.54 | 98.77 | 113.94 | 109.85 | 113.39 | 103.12 | 106.44 | 101.3 | 104.94 | 97.93 | 107.55 | 101.25 | 114.49 | 110.41 | 114.11 | 105.56 | 108.47 | 108.36 |
| Short-Term Debt | 7.55B | 7.99B | 7.39B | 7.39B | 4.84B | 5.2B | 5.61B | 6.71B | 6.1B | 6.98B | 6.5B | 6.96B | 5.47B | 6.57B | 6.77B | 6.65B | 5.92B | 5.82B | 16.28B | 6.43B |
| Deferred Revenue (Current) | 13.19B | 13.33B | 12.65B | 13.76B | 13.91B | 13.67B | 13.79B | 14.85B | 15.03B | 15.32B | 15.21B | 16.17B | 15.53B | 15.54B | 14.11B | 14.72B | 14.33B | 14.26B | 16.57B | 17B |
| Other Current Liabilities | 0 | 8.31B | 6.68B | 0 | 0 | 221M | 211M | 0 | 0 | 0 | 6.2B | 6.33B | 7.17B | 0 | 7.67B | 6.55B | 6.33B | 0 | 0 | 216M |
| Current Ratio | 0.95x | 0.91x | 0.85x | 0.83x | 0.85x | 0.78x | 0.77x | 0.72x | 0.73x | 0.74x | 0.76x | 0.77x | 0.80x | 0.82x | 0.75x | 0.77x | 0.78x | 0.80x | 0.82x | 0.79x |
| Quick Ratio | 0.74x | 0.75x | 0.72x | 0.70x | 0.70x | 0.63x | 0.63x | 0.61x | 0.63x | 0.67x | 0.69x | 0.70x | 0.71x | 0.73x | 0.63x | 0.66x | 0.66x | 0.70x | 0.74x | 0.71x |
| Cash Conversion Cycle | -4.97 | -8.12 | -13.36 | -16.19 | -19.19 | -15.89 | -22.51 | -24.56 | -27.09 | -25.88 | -24.64 | -17.99 | -7.58 | -8.48 | -21.16 | -23.35 | -28.97 | -4.41 | -23.68 | -25.3 |
| Total Non-Current Liabilities | 41.72B | 40.49B | 39.58B | 37.08B | 39.47B | 34.61B | 34.64B | 33.45B | 35.18B | 35.9B | 36.96B | 37.39B | 40.19B | 40.98B | 36.53B | 36.74B | 37.7B | 38.1B | 51.78B | 57.25B |
| Long-Term Debt | 23.61B | 23.51B | 23.85B | 21.54B | 23.94B | 19.36B | 19.41B | 17.81B | 19.38B | 19.01B | 20.12B | 20.18B | 22.96B | 23.02B | 20.56B | 20.29B | 21.2B | 21.13B | 31.7B | 37.17B |
| Capital Lease Obligations | 0 | 0 | 0 | 549M | 0 | 0 | 0 | 0 | 0 | 0 | 588M | 600M | 623M | 0 | 584M | 640M | 687M | 0 | 1.66B | 1.75B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 1B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3.85B | 3.38B | 3.27B | 1.57B | 3.12B | 2.95B | 2.81B | 2.78B | 2.68B | 3.06B | 2.4B | 2.48B | 2.44B | 3.22B | 2.4B | 2.51B | 2.74B | 3.65B | 3.54B | 3.5B |
| Total Liabilities | 116.32B | 103.76B | 90.1B | 91.94B | 89.89B | 81.13B | 84.14B | 85.48B | 82.91B | 84.26B | 85.83B | 88.33B | 87.02B | 92.64B | 88.54B | 91.53B | 90.76B | 94.31B | 121.48B | 112.73B |
| Total Debt | 31.16B | 31.5B | 31.24B | 29.48B | 28.78B | 24.57B | 25.02B | 24.52B | 25.48B | 25.99B | 27.45B | 27.99B | 29.32B | 29.59B | 28.16B | 27.84B | 28.08B | 26.95B | 50.08B | 45.78B |
| Net Debt | 19.58B | 19.98B | 21.67B | 21.19B | 21.08B | 20.93B | 19.8B | 19.97B | 19.65B | 18.63B | 19.15B | 19.63B | 21.69B | 20.98B | 23.25B | 22.33B | 21.43B | 17.48B | 27.67B | 34.06B |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.53x | 4.60x |
| Debt / EBITDA | 7.89x | 8.04x | 13.95x | 28.48x | 15.12x | 8.38x | 10.28x | 11.53x | 14.44x | 11.15x | 11.89x | 14.02x | 15.61x | 14.48x | 10.86x | 13.82x | 12.34x | 19.35x | 21.89x | 20.28x |
| Net Debt / EBITDA | 4.96x | 5.10x | 9.68x | 20.47x | 11.08x | 7.14x | 8.14x | 9.39x | 11.13x | 7.99x | 8.30x | 9.83x | 11.55x | 10.27x | 8.96x | 11.09x | 9.41x | 12.55x | 12.09x | 15.09x |
| Interest Coverage | - | 7.81x | 11.90x | 4.95x | 4.00x | 6.73x | 5.24x | 3.56x | 2.65x | 4.44x | 4.17x | 2.69x | 2.74x | 3.39x | 2.51x | 2.92x | 5.38x | -11.87x | 10.84x | 2.74x |
| Total Equity | -1.4B | -2.47B | -2.62B | -2.77B | -3.02B | -1.39B | -2.19B | -2.8B | -2.72B | -2.13B | -2.57B | -2.68B | -2.92B | -3.02B | -3.37B | -2.75B | -2.35B | -1.58B | 14.19B | 9.94B |
| Equity Growth % | 53.57% | -78.08% | -19.63% | 1.11% | -11.05% | 34.94% | 14.79% | -4.48% | 6.87% | 29.52% | 23.69% | 2.83% | -24.16% | -91.46% | -123.73% | -127.71% | -125.75% | -119.69% | 119.52% | 92.4% |
| Book Value per Share | -2.14 | -3.68 | -3.85 | -3.94 | -4.31 | -1.95 | -3.02 | -3.86 | -3.75 | -2.92 | -3.47 | -3.63 | -3.97 | -4.12 | -4.53 | -3.65 | -3.02 | -2.07 | 18.01 | 12.65 |
| Total Shareholders' Equity | -1.4B | -2.47B | -2.62B | -2.77B | -3.02B | -1.48B | -2.29B | -2.89B | -2.82B | -2.23B | -2.66B | -2.77B | -3.02B | -3.12B | -3.47B | -2.86B | -2.46B | -1.69B | 8.95B | 4.83B |
| Common Stock | 0 | 9.46B | 9.28B | 9.13B | 8.96B | 9.12B | 8.95B | 8.78B | 8.61B | 8.93B | 8.74B | 8.55B | 8.34B | 8.42B | 8.22B | 8.01B | 7.78B | 7.9B | 17.84B | 17.51B |
| Retained Earnings | 6.34B | 3.33B | 1.42B | 231M | -567M | -1.16B | -2.67B | -3.48B | -4B | -4.45B | -5.52B | -6.25B | -6.43B | -6.73B | -7.1B | -7.11B | -7.37B | -8.19B | -8.19B | -12.03B |
| Treasury Stock | -16.15B | -14.53B | -12.66B | -11.42B | -10.49B | -8.5B | -7.75B | -7.33B | -6.62B | -5.9B | -5.06B | -4.32B | -4.06B | -3.81B | -3.66B | -3.05B | -2.45B | -964M | -305M | -305M |
| Accumulated OCI | -709M | -719M | -654M | -710M | -926M | -939M | -820M | -864M | -805M | -800M | -823M | -757M | -868M | -1B | -920M | -705M | -424M | -431M | -394M | -347M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 95M | 95M | 97M | 99M | 95M | 94M | 95M | 99M | 97M | 101M | 105M | 107M | 105M | 5.24B | 5.12B |