Stock Analysis on Net
Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Lowe’s Cos. Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019
Short-term borrowings 0.00 1.14 0.00 0.00 4.92 2.09
Current maturities of long-term debt 1.28 1.34 1.94 2.38 1.51 3.22
Current operating lease liabilities 1.17 1.19 1.42 1.16 1.27 0.00
Accounts payable 20.83 24.08 25.43 23.29 19.40 23.99
Accrued compensation and employee benefits 2.28 2.54 3.50 2.89 1.73 1.92
Deferred revenue 3.37 3.67 4.29 3.44 3.09 3.76
Income taxes payable 0.08 2.70 0.29 0.36 0.04 0.00
Accrued dividends 1.51 1.45 1.20 0.94 1.06 1.12
Self-insurance liabilities 1.03 0.97 0.99 0.93 1.27 1.10
Accrued interest 1.09 1.01 0.62 0.53 0.56 0.53
Sales return reserve 0.46 0.54 0.55 0.54 0.49 0.56
Sales tax liabilities 0.39 0.72 0.51 0.55 0.39 0.52
Accrued property taxes 0.31 0.27 0.28 0.26 0.26 0.31
Other 3.45 3.03 3.04 2.81 2.47 2.89
Other current liabilities 8.24% 7.98% 7.18% 6.56% 6.50% 7.03%
Current liabilities 37.25% 44.64% 44.06% 40.08% 38.46% 42.01%
Long-term debt, excluding current maturities 84.66 75.22 53.45 44.22 42.48 41.70
Noncurrent operating lease liabilities 8.94 8.04 9.01 8.32 9.99 0.00
Deferred revenue, Lowe’s protection plans 2.93 2.75 2.52 2.18 2.26 2.40
Other liabilities 2.23 1.97 1.75 2.12 1.80 3.33
Noncurrent liabilities 98.76% 87.97% 66.73% 56.85% 56.54% 47.43%
Total liabilities 136.01% 132.61% 110.79% 96.93% 95.00% 89.44%
Preferred stock, $5 par value, issued and outstanding: none 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $.50 par value 0.69 0.69 0.75 0.78 0.97 1.16
Capital in excess of par value 0.00 0.00 0.00 0.19 0.00 0.00
Retained earnings (accumulated deficit) -37.41 -34.00 -11.46 2.39 4.38 10.00
Accumulated other comprehensive income (loss) 0.72 0.70 -0.08 -0.29 -0.34 -0.61
Shareholders’ equity (deficit) -36.01% -32.61% -10.79% 3.07% 5.00% 10.56%
Total liabilities and shareholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Lowe’s Cos. Inc. current liabilities as a percentage of total liabilities and shareholders’ equity (deficit) increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Lowe’s Cos. Inc. noncurrent liabilities as a percentage of total liabilities and shareholders’ equity (deficit) increased from 2022 to 2023 and from 2023 to 2024.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Lowe’s Cos. Inc. total liabilities as a percentage of total liabilities and shareholders’ equity (deficit) increased from 2022 to 2023 and from 2023 to 2024.
Shareholders’ equity (deficit) Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Lowe’s Cos. Inc. shareholders’ equity (deficit) as a percentage of total liabilities and shareholders’ equity (deficit) decreased from 2022 to 2023 and from 2023 to 2024.