Lowe's balance sheet

At the end of fiscal 2026, Lowe's had total assets of $54.14bn, total liabilities of $64.06bn and shareholders' equity of −$9.92bn. It held $982m in cash against $39.82bn of debt: net debt of $38.84bn.

Balance sheet

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

Lowe's: balance sheet, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Feb 2012	2013Feb 2013	2014Jan 2014	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	0.6	0.7	1.0	0.5	0.4	0.5	0.4	0.6	0.6	0.5	0.7	4.7	1.1	1.3	0.9	1.8	1.0	3.2
Receivables	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.1	1.1	1.2
Inventory	8.2	8.3	8.4	8.6	9.1	8.9	9.5	10.5	11.4	12.6	13.2	16.2	17.6	18.5	16.9	17.4	17.3	17.7
Total current assets	9.7	10.0	10.1	9.8	10.3	9.9	10.6	12.0	12.8	14.2	15.3	22.3	20.1	21.4	19.1	20.4	21.0	23.3
Goodwill	—	—	—	—	0.2	0.2	0.2	1.1	1.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	3.9	4.0
Total assets	33.0	33.7	33.6	32.7	32.7	31.7	31.3	34.4	35.3	34.5	39.5	46.7	44.6	43.7	41.8	43.1	54.1	55.9
Accounts payable	4.3	4.4	4.4	4.7	5.0	5.1	5.6	6.7	6.6	8.3	7.7	10.9	11.4	10.5	8.7	9.3	9.8	11.1
Deferred revenue (current)	0.7	0.7	0.8	0.8	0.9	1.0	1.1	1.3	1.4	1.3	1.2	1.6	1.9	1.6	1.4	1.4	1.5	1.6
Total current liabilities	7.4	7.1	7.9	7.7	8.9	9.3	10.5	12.0	12.1	14.5	15.2	18.7	19.7	19.5	15.6	18.8	19.5	21.1
Short-term debt	0.0	—	—	0.0	0.4	0.0	0.0	0.5	1.1	0.7	1.9	0.0	0.0	0.5	0.0	—	0.0	—
Long-term debt	5.1	6.6	7.6	9.0	10.1	10.8	11.5	14.4	15.6	14.4	16.8	20.7	24.3	33.3	35.8	35.3	39.8	35.2
Total debt	5.1	6.6	7.6	9.0	10.5	10.8	11.6	14.9	16.7	15.1	18.7	20.7	24.3	33.8	35.8	35.3	39.8	37.6
Total liabilities	13.9	15.6	17.0	18.8	20.9	21.8	23.6	28.0	29.4	30.9	37.5	45.3	49.5	58.0	56.8	57.3	64.1	63.3
Shareholders' equity	19.1	18.1	16.5	13.9	11.9	10.0	7.7	6.4	5.9	3.6	2.0	1.4	−4.8	−14.3	−15.1	−14.2	−9.9	−7.4
Net debt (negative = net cash)	4.4	5.9	6.6	8.5	10.1	10.3	11.2	14.3	16.1	14.6	18.0	16.0	23.2	32.4	34.8	33.6	38.8	34.4
Shares outstanding	1,459m	1,354m	1,241m	1,110m	1,030m	960m	910m	866m	830m	801m	763m	731m	670m	601m	574m	560m	561m	561m

US$ billions unless shown otherwise. Fiscal quarters.

Lowe's: 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	0.1	0.1	0.1	0.3	1.2	1.1	1.2	1.2
Inventory	17.6	17.4	18.3	16.3	17.2	17.3	18.4	17.7
Total current assets	22.0	20.4	22.7	22.6	20.2	21.0	22.2	23.3
Goodwill	0.3	0.3	0.3	0.7	4.0	3.9	3.9	4.0
Total assets	44.7	43.1	45.4	46.6	53.5	54.1	54.9	55.9
Accounts payable	10.6	9.3	11.2	9.5	10.2	9.8	12.0	11.1
Deferred revenue (current)	1.4	1.4	1.5	1.6	1.5	1.5	1.6	1.6
Total current liabilities	19.4	18.8	22.4	21.6	19.5	19.5	20.3	21.1
Short-term debt	—	—	0.0	—	—	0.0	0.4	—
Long-term debt	32.9	35.3	30.5	30.5	37.5	39.8	36.8	35.2
Total debt	32.9	35.3	30.5	30.5	37.5	39.8	37.1	35.2
Total liabilities	58.2	57.3	58.6	58.0	63.8	64.1	64.2	63.3
Shareholders' equity	−13.4	−14.2	−13.3	−11.4	−10.4	−9.9	−9.3	−7.4
Shares outstanding	565m	560m	560m	561m	561m	561m	561m	561m

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 Lowe's'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 Lowe's.