Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Lowe’s Cos. Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Cash and cash equivalents 1,761 921 1,348 1,133 4,690 716
Short-term investments 372 307 384 271 506 160
Merchandise inventory, net 17,409 16,894 18,532 17,605 16,193 13,179
Accounts receivable
Other current assets 816 949 1,178 1,051 937 1,263
Current assets 20,358 19,071 21,442 20,060 22,326 15,318
Property, less accumulated depreciation 17,649 17,653 17,567 19,071 19,155 18,669
Operating lease right-of-use assets 3,738 3,733 3,518 4,108 3,832 3,891
Long-term investments 277 252 121 199 200 372
Deferred income taxes, net 244 248 250 164 340 216
Other assets 836 838 810 1,038 882 1,005
Noncurrent assets 22,744 22,724 22,266 24,580 24,409 24,153
Total assets 43,102 41,795 43,708 44,640 46,735 39,471

Based on: 10-K (reporting date: 2025-01-31), 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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Lowe’s Cos. Inc. current assets decreased from 2023 to 2024 but then increased from 2024 to 2025 not reaching 2023 level.
Property, less accumulated depreciation Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Lowe’s Cos. Inc. property, less accumulated depreciation increased from 2023 to 2024 but then slightly decreased from 2024 to 2025.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Lowe’s Cos. Inc. noncurrent assets increased from 2023 to 2024 and from 2024 to 2025.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Lowe’s Cos. Inc. total assets decreased from 2023 to 2024 but then increased from 2024 to 2025 not reaching 2023 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Lowe’s Cos. Inc. cash and cash equivalents decreased from 2023 to 2024 but then increased from 2024 to 2025 exceeding 2023 level.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Lowe’s Cos. Inc. short-term investments decreased from 2023 to 2024 but then increased from 2024 to 2025 not reaching 2023 level.
Merchandise inventory, net Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Lowe’s Cos. Inc. merchandise inventory, net decreased from 2023 to 2024 but then slightly increased from 2024 to 2025.
Accounts receivable Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.