Dollar Tree, Inc. (DLTR) Balance Sheet
DLTR balance sheet, FY2026
January 31, 2026 · U.S. dollars$13.47B assets = $9.71B liabilities + $3.75B equity
Both columns are drawn to the same scale: what DLTR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DLTR financial health
Descriptive bands, not a rating. Fiscal FY2026.
DLTR balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $15.70BFY2017 | $13.47BFY2026 | −1.7%/yr | |
| Total liabilities | $10.31BFY2017 | $9.71BFY2026 | −0.7%/yr | |
| Shareholders’ equity | $5.39BFY2017 | $3.75BFY2026 | −3.9%/yr | |
| Cash & short-term investments | $870.4MFY2017 | $717.8MFY2026 | −2.1%/yr | |
| Total debt | $6.32BFY2017 | $7.06BFY2026 | +1.2%/yr | |
| Net cash (debt) | −$5.45BFY2017 | −$6.34BFY2026 | −$886.4M | |
| Working capital | $1.83BFY2017 | $217.6MFY2026 | −$1.6B | |
| Book value per share | $22.76FY2017 | $18.20FY2026 | −2.5%/yr | |
| Current ratio | 1.87FY2017 | 1.07FY2026 | −0.80 | |
| Debt / equity | 1.17FY2017 | 1.88FY2026 | +0.71 | |
| Shares outstanding | 236.8MFY2017 | 206.3MFY2026 | −1.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DLTR assets
DLTR liabilities and equity
DLTR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DLTR balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $717.8M | $1.26B | $684.9M | $642.8M | $984.9M | $1.42B | $539.2M | $422.1M | $1.10B | $870.4M |
| Cash & equivalents | $717.8M | $1.26B | $684.9M | $642.8M | $984.9M | $1.42B | $539.2M | $422.1M | $1.10B | $866.4M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $4.0M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $113.3M | $100.9M | $90.4M | $137.9M |
| Inventory | $2.50B | $2.67B | $5.11B | $5.45B | $4.37B | $3.43B | $3.52B | $3.54B | $3.17B | $2.87B |
| Other current assets | $233.0M | $5.18B | $335.0M | $275.0M | $257.0M | $207.1M | $94.9M | $234.3M | $218.8M | $63.9M |
| Total current assets | $3.45B | $9.11B | $6.13B | $6.37B | $5.61B | $5.05B | $4.27B | $4.29B | $4.58B | $3.94B |
| Property, plant & equipment (net) | $9.39B | $8.65B | $12.63B | $11.43B | $10.90B | $10.44B | $10.11B | $3.45B | $3.20B | $3.12B |
| Goodwill & intangible assets | $423.2M | $421.2M | $3.06B | $5.08B | $5.08B | $5.08B | $5.08B | $5.69B | $8.51B | $8.60B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.0M | $9.0M |
| Other non-current assets | $202.1M | $469.9M | $194.6M | $141.7M | $125.6M | $120.4M | $115.1M | $77.3M | $42.5M | $41.6M |
| Total assets | $13.47B | $18.64B | $22.02B | $23.02B | $21.72B | $20.70B | $19.57B | $13.50B | $16.33B | $15.70B |
| Liabilities | ||||||||||
| Accounts payable | $1.53B | $1.71B | $2.06B | $1.90B | $1.88B | $1.48B | $1.34B | $1.42B | $1.17B | $1.12B |
| Short-term debt | $1.00B | $1.96B | $1.51B | $2.90B | $2.82B | $2.70B | $1.53B | — | $915.9M | $152.1M |
| Deferred revenue | — | — | $52.7M | $1.11B | — | $86.3M | $62.7M | — | $31.5M | −$1.27B |
| Total current liabilities | $3.23B | $8.59B | $4.70B | $4.23B | $4.18B | $3.73B | $3.55B | $2.10B | $2.86B | $2.11B |
| Long-term debt | $2.43B | $2.43B | $3.43B | $3.42B | $3.42B | $3.23B | $3.52B | $4.27B | $4.76B | $6.17B |
| Lease obligations | $4.62B | $4.40B | $6.96B | $6.70B | $6.55B | $6.41B | $6.26B | — | — | — |
| Other long-term liabilities | $4.05B | $3.65B | $6.59B | $6.62B | $6.41B | $6.45B | $6.25B | $1.50B | $1.53B | $2.04B |
| Total liabilities | $9.71B | $14.67B | $14.71B | $14.27B | $14.00B | $13.41B | $13.32B | $7.86B | $9.15B | $10.31B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.0M | $2.2M | $2.2M | $2.2M | $2.2M | $2.3M | $2.4M | $2.4M | $2.55B | $2.47B |
| Retained earnings (deficit) | $3.80B | $3.94B | $7.12B | $8.12B | $6.51B | $5.18B | $3.84B | $3.08B | $4.67B | $2.95B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$50.7M | −$59.2M | −$43.6M | −$41.2M | −$35.2M | −$35.2M | −$39.8M | −$38.3M | −$32.3M | −$37.6M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $3.75B | $3.98B | $7.31B | $8.75B | $7.72B | $7.29B | $6.25B | $5.64B | $7.18B | $5.39B |
| Key figures | ||||||||||
| Total debt | $7.06B | $7.83B | $10.39B | $10.13B | $9.97B | $9.64B | $10.03B | $4.33B | $5.68B | $6.32B |
| Net cash (debt) | −$6.34B | −$6.57B | −$9.70B | −$9.48B | −$8.99B | −$8.22B | −$9.49B | −$3.91B | −$4.58B | −$5.45B |
| Working capital | $217.6M | $521.3M | $1.44B | $2.14B | $1.43B | $1.32B | $722.9M | $2.20B | $1.72B | $1.83B |
| Tangible book value | $3.33B | $3.56B | $4.25B | $3.67B | $2.63B | $2.20B | $1.17B | −$42.4M | −$1.32B | −$3.21B |
| Book value per share | $18.20 | $18.42 | $33.32 | $39.05 | $33.71 | $30.70 | $26.25 | $23.64 | $30.22 | $22.76 |
| Shares outstanding | 206.3M | 215.9M | 219.5M | 224.1M | 229.0M | 237.3M | 238.3M | 238.7M | 237.7M | 236.8M |
| Current ratio | 1.07 | 1.06 | 1.31 | 1.51 | 1.34 | 1.35 | 1.20 | 2.05 | 1.60 | 1.87 |
| Quick ratio | 0.22 | 0.15 | 0.15 | 0.15 | 0.24 | 0.38 | 0.18 | 0.25 | 0.42 | 0.48 |
| Debt / equity | 1.88 | 1.97 | 1.42 | 1.16 | 1.29 | 1.32 | 1.60 | 0.77 | 0.79 | 1.17 |
| Equity / assets | 27.9% | 21.3% | 33.2% | 38.0% | 35.5% | 35.2% | 32.0% | 41.8% | 44.0% | 34.3% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.06B | $1.01B | $717.8M | $594.8M | $666.3M | $1.01B | $1.26B | $697.6M | $570.3M | $618.5M | $425.2M | $444.6M |
| Cash & equivalents | $1.06B | $1.01B | $717.8M | $594.8M | $666.3M | $1.01B | $1.26B | $697.6M | $570.3M | $618.5M | $425.2M | $444.6M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $1 |
| Inventory | $2.45B | $2.47B | $2.50B | $2.86B | $2.68B | $2.70B | $2.67B | $5.54B | $5.10B | $5.01B | $2.50B | $5.52B |
| Other current assets | $234.3M | $220.3M | $233.0M | $276.0M | $264.2M | $4.89B | $5.18B | $398.8M | $420.4M | $454.7M | $3.21B | $342.4M |
| Total current assets | $3.74B | $3.70B | $3.45B | $3.73B | $3.61B | $8.60B | $9.11B | $6.63B | $6.09B | $6.08B | $6.13B | $6.30B |
| Property, plant & equipment (net) | $9.66B | $9.51B | $9.39B | $9.30B | $9.05B | $8.79B | $8.65B | $13.40B | $13.23B | $12.77B | $7.49B | $12.48B |
| Goodwill & intangible assets | $422.1M | $423.0M | $423.2M | $422.2M | $422.4M | $422.6M | $421.2M | $3.06B | $3.06B | $3.06B | $2.57B | $5.08B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $202.9M | $196.1M | $202.1M | $207.6M | $303.0M | $478.4M | $469.9M | $241.5M | $228.6M | $193.7M | $5.82B | $164.7M |
| Total assets | $14.03B | $13.82B | $13.47B | $13.66B | $13.38B | $18.29B | $18.64B | $23.33B | $22.62B | $22.11B | $22.02B | $24.03B |
| Liabilities | ||||||||||||
| Accounts payable | $1.63B | $1.56B | $1.53B | $1.68B | $1.59B | $1.57B | $1.71B | $2.95B | $2.24B | $2.27B | $1.17B | $1.86B |
| Short-term debt | $1.01B | $1.01B | $1.00B | $1.60B | $1.28B | $1.97B | $1.96B | $2.54B | $2.79B | $1.51B | $899.8M | $1.72B |
| Deferred revenue | — | — | — | — | — | — | — | — | $400,000 | $82.9M | $52.7M | $19.7M |
| Total current liabilities | $3.30B | $3.18B | $3.23B | $3.89B | $3.49B | $8.24B | $8.59B | $6.41B | $6.00B | $4.76B | $4.70B | $4.65B |
| Long-term debt | $2.93B | $2.93B | $2.43B | $2.43B | $2.43B | $2.43B | $2.43B | $2.43B | $2.43B | $3.43B | $3.43B | $3.43B |
| Lease obligations | $4.74B | $4.66B | $4.62B | $4.61B | $4.61B | $4.48B | $4.40B | $7.12B | $7.12B | $6.92B | $6.96B | $7.03B |
| Other long-term liabilities | $4.37B | $4.20B | $4.05B | $3.87B | $3.86B | $3.72B | $3.65B | $6.85B | $6.81B | $6.61B | $6.59B | $6.96B |
| Total liabilities | $10.60B | $10.32B | $9.71B | $10.19B | $9.78B | $14.39B | $14.67B | $15.70B | $15.24B | $14.80B | $14.71B | $15.03B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.9M | $1.9M | $2.0M | $2.1M | $2.1M | $2.1M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M |
| Retained earnings (deficit) | $3.48B | $3.56B | $3.80B | $3.52B | $3.66B | $3.96B | $3.94B | $7.64B | $7.40B | $7.36B | $7.12B | $8.83B |
| Accumulated other comprehensive income | −$55.5M | −$51.5M | −$50.7M | −$55.2M | −$54.0M | −$53.6M | −$59.2M | −$54.2M | −$49.0M | −$45.6M | −$43.6M | −$47.0M |
| Total shareholders' equity | $3.43B | $3.51B | $3.75B | $3.46B | $3.61B | $3.90B | $3.98B | $7.64B | $7.38B | $7.31B | $7.31B | $9.00B |
| Key figures | ||||||||||||
| Total debt | $7.67B | $7.59B | $7.06B | $7.66B | $7.34B | $7.91B | $7.83B | $10.55B | $10.80B | $10.35B | $7.37B | $10.69B |
| Net cash (debt) | −$6.61B | −$6.59B | −$6.34B | −$7.06B | −$6.68B | −$6.90B | −$6.57B | −$9.85B | −$10.23B | −$9.73B | −$6.94B | −$10.24B |
| Working capital | $441.5M | $514.0M | $217.6M | −$159.3M | $127.0M | $359.9M | $521.3M | $218.2M | $92.4M | $1.33B | $1.44B | $1.65B |
| Tangible book value | $3.00B | $3.08B | $3.33B | $3.04B | $3.18B | $3.48B | $3.56B | $4.57B | $4.32B | $4.25B | $4.74B | $3.92B |
| Book value per share | $17.94 | $17.77 | $18.79 | $17.00 | $17.35 | $18.26 | $18.47 | $35.48 | $34.29 | $33.53 | $33.56 | $41.05 |
| Shares outstanding | 190.9M | 197.4M | 199.8M | 203.8M | 207.8M | 213.9M | 215.3M | 215.2M | 215.2M | 218.1M | 217.9M | 219.2M |
| Current ratio | 1.13 | 1.16 | 1.07 | 0.96 | 1.04 | 1.04 | 1.06 | 1.03 | 1.02 | 1.28 | 1.31 | 1.36 |
| Quick ratio | 0.32 | 0.32 | 0.22 | 0.15 | 0.19 | 0.12 | 0.15 | 0.11 | 0.10 | 0.13 | 0.09 | 0.10 |
| Debt / equity | 2.24 | 2.17 | 1.88 | 2.21 | 2.04 | 2.03 | 1.97 | 1.38 | 1.46 | 1.42 | 1.01 | 1.19 |
| Equity / assets | 24.4% | 25.4% | 27.9% | 25.4% | 26.9% | 21.3% | 21.3% | 32.7% | 32.6% | 33.1% | 33.2% | 37.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 16, 2026); data from EODHD.
DLTR financial position
At the end of fiscal 2026 (January 31, 2026), Dollar Tree had total assets of $13.5 billion (down 27.8% from a year earlier), total liabilities of $9.7 billion and shareholders' equity of $3.8 billion. It held $717.8 million in cash and short-term investments against $7.1 billion of debt, net debt of $6.3 billion. Its current ratio was 1.07. In the latest quarter (ended July 31, 2026) total assets were $14.0 billion and equity $3.4 billion.
Related: DLTR income statement, DLTR cash flow statement, DLTR key metrics. See the DLTR stock overview for the latest quote and news.
DLTR balance sheet FAQ
What are Dollar Tree's total assets?
Dollar Tree reported total assets of $13.5 billion at the end of fiscal 2026 (January 31, 2026), compared with $18.6 billion a year earlier.
How much debt does Dollar Tree have?
Dollar Tree had $7.1 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.88.
How much cash does Dollar Tree have?
Dollar Tree held $717.8 million in cash and short-term investments at the end of fiscal 2026; with $7.1 billion of debt that is net debt of $6.3 billion.
What is Dollar Tree's book value?
Dollar Tree's shareholders' equity (book value) was $3.8 billion at the end of fiscal 2026, or $18.20 per share.
What is Dollar Tree's current ratio?
Dollar Tree had current assets of $3.4 billion and current liabilities of $3.2 billion, a current ratio of 1.07 (it can cover its short-term obligations).
How much goodwill does Dollar Tree have?
Dollar Tree carried $423.2 million of goodwill and intangible assets, 3.1% of total assets, at the end of fiscal 2026.