Dell Technologies balance sheet

At the end of fiscal 2026, Dell Technologies had total assets of $101.29bn, total liabilities of $103.76bn and shareholders' equity of −$2.47bn. It held $11.53bn in cash against $31.50bn of debt: net debt of $19.98bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Dell Technologies: balance sheet, annual
Fiscal year	2015Jan 2015	2016Jan 2016	2017Feb 2017	2018Feb 2018	2019Feb 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2023Feb 2023	2024Feb 2024	2025Jan 2025	2026Jan 2026	LTMJul 2026
Cash and equivalents	5.4	6.3	9.5	13.9	9.7	9.3	9.5	9.5	8.6	7.4	3.6	11.5	11.6
Receivables	—	4.9	9.4	11.7	12.4	12.5	10.7	12.9	12.5	9.3	10.3	17.6	22.9
Inventory	—	1.6	2.5	2.7	3.6	3.3	3.4	5.9	4.8	3.6	6.7	10.4	21.3
Total current assets	—	23.6	30.8	40.3	36.1	36.9	43.6	45.0	42.4	36.0	36.2	57.6	80.5
Goodwill	8.4	8.4	38.9	39.9	40.1	21.2	20.0	19.8	19.7	19.7	19.1	19.5	19.4
Total assets	—	45.1	118.2	124.2	111.8	118.9	123.4	92.7	89.6	82.1	79.7	101.3	127.4
Accounts payable	—	12.9	14.4	18.3	19.2	20.1	21.6	27.1	18.6	19.2	20.8	33.6	49.7
Deferred revenue (current)	—	3.6	10.3	11.6	12.9	14.9	13.2	14.3	15.5	15.3	13.7	13.3	14.8
Total current liabilities	—	25.3	38.1	45.8	45.0	52.5	54.1	56.2	51.7	48.4	46.5	63.3	83.7
Short-term debt	—	3.0	6.3	7.9	4.3	7.7	6.4	5.8	6.6	7.0	5.2	8.0	8.5
Long-term debt	—	10.7	43.1	44.0	49.2	44.3	32.9	21.1	23.0	19.0	19.4	23.5	26.0
Total debt	—	13.6	49.4	51.9	53.5	52.1	39.2	27.0	29.6	26.0	24.6	31.5	34.7
Total liabilities	—	43.6	99.0	106.3	111.6	115.1	115.4	94.3	92.6	84.3	81.1	103.8	128.8
Shareholders' equity	2.9	1.5	13.2	11.7	−5.8	−1.6	2.5	−1.7	−3.1	−2.2	−1.5	−2.5	−1.4
Non-controlling interests and other (assets − liabilities − equity)	—	—	6.0	6.2	6.0	5.4	5.5	—	—	—	—	—	—
Net debt (negative = net cash)	−5.4	7.3	39.9	37.9	43.8	42.8	29.7	17.5	21.0	18.6	20.9	20.0	23.2
Shares outstanding	—	405m	778m	769m	719m	743m	753m	757m	716m	705m	696m	652m	640m

US$ billions unless shown otherwise. Fiscal quarters.

Dell Technologies: balance sheet, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Jan 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Oct 2025	2026 Q4Jan 2026	2027 Q1May 2026	2027 Q2Jul 2026
Receivables	11.2	10.3	9.8	15.0	11.7	17.6	25.9	22.9
Inventory	6.7	6.7	7.4	7.2	6.9	10.4	15.1	21.3
Total current assets	38.0	36.2	42.9	45.5	43.1	57.6	70.6	80.5
Goodwill	19.2	19.1	19.3	19.3	19.4	19.5	19.5	19.4
Total assets	82.0	79.7	86.9	89.2	87.5	101.3	114.9	127.4
Accounts payable	23.4	20.8	25.3	27.5	23.8	33.6	45.3	49.7
Deferred revenue (current)	13.8	13.7	13.9	13.8	12.6	13.3	13.2	14.8
Total current liabilities	49.5	46.5	50.4	54.9	50.5	63.3	74.6	83.7
Short-term debt	5.6	5.2	4.8	7.2	7.4	8.0	7.6	8.5
Long-term debt	19.4	19.4	23.9	21.5	23.8	23.5	23.6	26.0
Total debt	25.0	24.6	28.8	28.7	31.2	31.5	31.2	34.5
Total liabilities	84.1	81.1	89.9	91.9	90.1	103.8	116.3	128.8
Shareholders' equity	−2.3	−1.5	−3.0	−2.8	−2.6	−2.5	−1.4	−1.4
Shares outstanding	702m	696m	683m	675m	667m	652m	649m	640m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Dell Technologies's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Dell Technologies.