Lowe's Companies, Inc. (LOW) Balance Sheet
LOW balance sheet, FY2026
January 31, 2026 · U.S. dollars$54.14B assets = $64.06B liabilities + −$9.92B equity
Liabilities exceed assets: shareholders’ equity is negative (−$9.92B).
Both columns are drawn to the same scale: what LOW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LOW financial health
Descriptive bands, not a rating. Fiscal FY2026.
LOW balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $34.41BFY2017 | $54.14BFY2026 | +5.2%/yr | |
| Total liabilities | $27.97BFY2017 | $64.06BFY2026 | +9.6%/yr | |
| Shareholders’ equity | $6.43BFY2017 | −$9.92BFY2026 | — | |
| Cash & short-term investments | $658.0MFY2017 | $1.35BFY2026 | +8.3%/yr | |
| Total debt | $15.70BFY2017 | $44.68BFY2026 | +12.3%/yr | |
| Net cash (debt) | −$15.04BFY2017 | −$43.33BFY2026 | −$28.3B | |
| Working capital | $26.0MFY2017 | $1.49BFY2026 | +$1.5B | |
| Book value per share | $7.30FY2017 | −$17.71FY2026 | — | |
| Current ratio | 1.00FY2017 | 1.08FY2026 | +0.07 | |
| Debt / equity | 2.44FY2017 | 18.24FY2021 | +15.80 | |
| Shares outstanding | 881.0MFY2017 | 560.0MFY2026 | −4.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LOW assets
LOW liabilities and equity
LOW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LOW balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.35B | $2.13B | $1.23B | $1.73B | $1.40B | $5.20B | $876.0M | $729.0M | $690.0M | $658.0M |
| Cash & equivalents | $982.0M | $1.76B | $921.0M | $1.35B | $1.13B | $4.69B | $716.0M | $511.0M | $588.0M | $558.0M |
| Short-term investments | $370.0M | $372.0M | $307.0M | $384.0M | $271.0M | $506.0M | $160.0M | $218.0M | $102.0M | $100.0M |
| Receivables | $1.09B | $94.0M | $0 | −$251.0M | −$66.0M | $1.22B | $0 | $0 | $0 | $0 |
| Inventory | $17.30B | $17.41B | $16.89B | $18.53B | $17.61B | $16.19B | $13.18B | $12.56B | $11.39B | $10.46B |
| Other current assets | $1.21B | $722.0M | $949.0M | $1.43B | $1.12B | $0 | $1.26B | $938.0M | $689.0M | $884.0M |
| Total current assets | $20.95B | $20.36B | $19.07B | $21.44B | $20.06B | $22.33B | $15.32B | $14.23B | $12.77B | $12.00B |
| Property, plant & equipment (net) | $22.66B | $21.39B | $21.39B | $21.09B | $23.18B | $22.99B | $22.56B | $18.43B | $19.72B | $19.95B |
| Goodwill & intangible assets | $9.85B | $588.0M | $0 | $614.0M | $833.0M | $622.0M | $562.0M | $606.0M | $2.61B | $2.16B |
| Long-term investments | $0 | $0 | $0 | $121.0M | $199.0M | $200.0M | $372.0M | $256.0M | $408.0M | $366.0M |
| Other non-current assets | $671.0M | $2.24B | $2.90B | $2.01B | $2.06B | $2.15B | $2.18B | $1.12B | $0 | $0 |
| Total assets | $54.14B | $44.57B | $43.36B | $45.27B | $46.33B | $48.29B | $40.99B | $34.64B | $35.29B | $34.41B |
| Liabilities | ||||||||||
| Accounts payable | $9.76B | $9.29B | $8.70B | $10.52B | $11.35B | $10.88B | $7.66B | $8.28B | $6.59B | $6.65B |
| Short-term debt | $3.14B | $3.15B | $1.02B | $1.61B | $1.50B | $1.65B | $3.04B | $1.83B | $1.43B | $1.30B |
| Deferred revenue | $1.48B | $1.36B | $1.41B | $1.60B | $1.91B | $1.61B | $1.22B | $1.30B | $1.38B | $1.25B |
| Total current liabilities | $19.46B | $18.76B | $15.57B | $19.51B | $19.67B | $18.73B | $15.18B | $14.50B | $12.10B | $11.97B |
| Long-term debt | $37.49B | $32.90B | $35.38B | $32.88B | $23.86B | $20.67B | $16.77B | $14.39B | $15.56B | $14.39B |
| Lease obligations | $4.76B | $4.19B | $4.22B | $4.03B | $4.66B | $4.43B | $4.44B | — | — | — |
| Other long-term liabilities | $7.11B | $7.15B | $7.45B | $7.14B | $7.62B | $7.46B | $7.07B | $2.11B | $1.76B | $1.61B |
| Total liabilities | $64.06B | $58.80B | $58.41B | $59.53B | $51.15B | $46.85B | $39.02B | $31.00B | $29.42B | $27.97B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $281.0M | $280.0M | $287.0M | $301.0M | $335.0M | $366.0M | $381.0M | $401.0M | $437.0M | $433.0M |
| Retained earnings (deficit) | −$10.84B | −$14.80B | −$15.64B | −$14.86B | −$5.12B | $1.12B | $1.73B | $3.45B | $5.42B | $6.24B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $271.0M | $288.0M | $300.0M | $307.0M | −$36.0M | −$136.0M | −$136.0M | −$209.0M | $11.0M | −$240.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | −$9.92B | −$14.23B | −$15.05B | −$14.25B | −$4.82B | $1.44B | $1.97B | $3.64B | $5.87B | $6.43B |
| Key figures | ||||||||||
| Total debt | $44.68B | $39.68B | $40.15B | $37.99B | $29.38B | $26.21B | $23.75B | $16.22B | $16.86B | $15.70B |
| Net cash (debt) | −$43.33B | −$37.55B | −$38.92B | −$36.26B | −$27.98B | −$21.02B | −$22.87B | −$15.49B | −$16.17B | −$15.04B |
| Working capital | $1.49B | $1.60B | $3.50B | $1.93B | $392.0M | $3.60B | $136.0M | −$269.0M | $676.0M | $26.0M |
| Tangible book value | −$19.77B | −$14.82B | −$15.05B | −$14.87B | −$5.65B | $815.0M | $1.41B | $3.04B | $3.26B | $4.27B |
| Book value per share | −$17.71 | −$25.08 | −$25.77 | −$22.59 | −$6.89 | $1.92 | $2.53 | $4.49 | $6.99 | $7.30 |
| Shares outstanding | 560.0M | 567.5M | 584.0M | 631.0M | 699.0M | 750.0M | 778.0M | 812.0M | 840.0M | 881.0M |
| Current ratio | 1.08 | 1.09 | 1.23 | 1.10 | 1.02 | 1.19 | 1.01 | 0.98 | 1.06 | 1.00 |
| Quick ratio | 0.13 | 0.12 | 0.08 | 0.08 | 0.07 | 0.34 | 0.06 | 0.05 | 0.06 | 0.05 |
| Debt / equity | — | — | — | — | — | 18.24 | 12.04 | 4.45 | 2.87 | 2.44 |
| Equity / assets | −18.3% | −31.9% | −34.7% | −31.5% | −10.4% | 3.0% | 4.8% | 10.5% | 16.6% | 18.7% |
| 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 | $3.41B | $1.24B | $1.35B | $1.03B | $5.26B | $3.42B | $2.13B | $3.61B | $4.69B | $3.50B | $1.23B | $1.53B |
| Cash & equivalents | $3.17B | $786.0M | $982.0M | $621.0M | $4.86B | $3.05B | $1.76B | $3.27B | $4.36B | $3.24B | $921.0M | $1.21B |
| Short-term investments | $235.0M | $458.0M | $370.0M | $412.0M | $396.0M | $368.0M | $372.0M | $335.0M | $330.0M | $264.0M | $307.0M | $321.0M |
| Receivables | $1.24B | $1.15B | $1.09B | $1.22B | $0 | $0 | $94.0M | $0 | $0 | $0 | $0 | $0 |
| Inventory | $17.74B | $18.45B | $17.30B | $17.18B | $16.34B | $18.34B | $17.41B | $17.57B | $16.84B | $18.22B | $16.89B | $17.53B |
| Other current assets | $960.0M | $1.32B | $1.21B | $788.0M | $1.04B | $918.0M | $722.0M | $805.0M | $806.0M | $1.02B | $949.0M | $907.0M |
| Total current assets | $23.34B | $22.16B | $20.95B | $20.22B | $22.64B | $22.68B | $20.36B | $21.98B | $22.34B | $22.75B | $19.07B | $19.97B |
| Property, plant & equipment (net) | $22.35B | $22.44B | $22.66B | $22.65B | $21.59B | $21.43B | $21.39B | $21.36B | $21.33B | $21.36B | $21.39B | $21.17B |
| Goodwill & intangible assets | $9.67B | $9.75B | $9.85B | $9.98B | $1.67B | $0 | $588.0M | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $238.0M |
| Other non-current assets | $526.0M | $591.0M | $671.0M | $603.0M | $713.0M | $1.26B | $2.24B | $1.41B | $1.26B | $1.25B | $2.90B | $1.14B |
| Total assets | $55.88B | $54.94B | $54.14B | $53.45B | $46.61B | $45.37B | $44.57B | $44.74B | $44.93B | $45.37B | $43.36B | $42.52B |
| Liabilities | ||||||||||||
| Accounts payable | $11.08B | $11.97B | $9.76B | $10.24B | $9.51B | $11.23B | $9.29B | $10.60B | $10.34B | $11.74B | $8.70B | $9.91B |
| Short-term debt | $3.08B | $1.85B | $3.14B | $3.13B | $4.71B | $4.75B | $3.15B | $3.07B | $1.84B | $1.85B | $1.02B | $1.08B |
| Deferred revenue | $1.61B | $1.63B | $1.48B | $1.54B | $1.56B | $1.50B | $1.36B | $1.36B | $1.42B | $1.41B | $1.41B | $1.50B |
| Total current liabilities | $21.13B | $20.27B | $19.46B | $19.45B | $21.62B | $22.39B | $18.76B | $19.45B | $18.25B | $19.51B | $15.57B | $16.50B |
| Long-term debt | $35.20B | $36.75B | $37.49B | $37.50B | $30.55B | $30.54B | $32.90B | $32.91B | $34.66B | $34.62B | $35.38B | $35.37B |
| Lease obligations | $4.47B | $4.60B | $4.76B | $4.76B | $4.34B | $4.23B | $4.19B | $4.24B | $4.29B | $4.31B | $4.22B | $4.13B |
| Other long-term liabilities | $6.98B | $7.19B | $7.11B | $6.89B | $5.84B | $5.70B | $7.15B | $5.81B | $5.79B | $5.84B | $7.45B | $5.80B |
| Total liabilities | $63.32B | $64.21B | $64.06B | $63.84B | $58.01B | $58.63B | $58.80B | $58.16B | $58.70B | $59.97B | $58.41B | $57.67B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $281.0M | $280.0M | $281.0M | $280.0M | $280.0M | $280.0M | $280.0M | $282.0M | $284.0M | $286.0M | $287.0M | $288.0M |
| Retained earnings (deficit) | −$8.19B | −$9.88B | −$10.84B | −$11.16B | −$12.11B | −$13.83B | −$14.80B | −$13.99B | −$14.34B | −$15.19B | −$15.64B | −$15.74B |
| Accumulated other comprehensive income | $262.0M | $266.0M | $271.0M | $275.0M | $281.0M | $286.0M | $288.0M | $292.0M | $295.0M | $296.0M | $300.0M | $302.0M |
| Total shareholders' equity | −$7.44B | −$9.27B | −$9.92B | −$10.38B | −$11.40B | −$13.25B | −$14.23B | −$13.42B | −$13.76B | −$14.61B | −$15.05B | −$15.15B |
| Key figures | ||||||||||||
| Total debt | $42.02B | $42.54B | $44.68B | $44.70B | $39.06B | $38.95B | $39.68B | $39.72B | $40.24B | $40.23B | $40.15B | $40.05B |
| Net cash (debt) | −$38.62B | −$41.30B | −$43.33B | −$43.66B | −$33.80B | −$35.53B | −$37.55B | −$36.11B | −$35.55B | −$36.73B | −$38.92B | −$38.52B |
| Working capital | $2.21B | $1.89B | $1.49B | $769.0M | $1.02B | $287.0M | $1.60B | $2.53B | $4.09B | $3.24B | $3.50B | $3.47B |
| Tangible book value | −$17.10B | −$19.02B | −$19.77B | −$20.36B | −$13.07B | −$13.25B | −$14.82B | −$13.42B | −$13.76B | −$14.61B | −$15.05B | −$15.15B |
| Book value per share | −$13.28 | −$16.55 | −$17.71 | −$18.54 | −$20.36 | −$23.67 | −$25.28 | −$23.71 | −$24.15 | −$25.53 | −$26.17 | −$26.25 |
| Shares outstanding | 560.0M | 560.0M | 560.0M | 560.0M | 560.0M | 560.0M | 563.0M | 566.0M | 570.0M | 572.0M | 575.0M | 577.0M |
| Current ratio | 1.10 | 1.09 | 1.08 | 1.04 | 1.05 | 1.01 | 1.09 | 1.13 | 1.22 | 1.17 | 1.23 | 1.21 |
| Quick ratio | 0.22 | 0.12 | 0.13 | 0.12 | 0.24 | 0.15 | 0.12 | 0.19 | 0.26 | 0.18 | 0.08 | 0.09 |
| Equity / assets | −13.3% | −16.9% | −18.3% | −19.4% | −24.5% | −29.2% | −31.9% | −30.0% | −30.6% | −32.2% | −34.7% | −35.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 23, 2026); data from EODHD.
LOW financial position
At the end of fiscal 2026 (January 31, 2026), Lowe's had total assets of $54.1 billion (up 21.5% from a year earlier), total liabilities of $64.1 billion and shareholders' equity of -$9.9 billion. It held $1.4 billion in cash and short-term investments against $44.7 billion of debt, net debt of $43.3 billion. Its current ratio was 1.08. In the latest quarter (ended July 31, 2026) total assets were $55.9 billion and equity -$7.4 billion.
Related: LOW income statement, LOW cash flow statement, LOW key metrics. See the LOW stock overview for the latest quote and news.
LOW balance sheet FAQ
What are Lowe's's total assets?
Lowe's reported total assets of $54.1 billion at the end of fiscal 2026 (January 31, 2026), compared with $44.6 billion a year earlier.
How much debt does Lowe's have?
Lowe's had $44.7 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Lowe's have?
Lowe's held $1.4 billion in cash and short-term investments at the end of fiscal 2026; with $44.7 billion of debt that is net debt of $43.3 billion.
What is Lowe's's book value?
Lowe's's shareholders' equity (book value) was -$9.9 billion at the end of fiscal 2026, or −$17.71 per share.
What is Lowe's's current ratio?
Lowe's had current assets of $21.0 billion and current liabilities of $19.5 billion, a current ratio of 1.08 (it can cover its short-term obligations).
How much goodwill does Lowe's have?
Lowe's carried $9.9 billion of goodwill and intangible assets, 18.2% of total assets, at the end of fiscal 2026.