Common-Size Balance Sheet: Assets
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Aggregate Accruals
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Based on: 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-Q (reporting date: 2025-02-01), 10-K (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02).
- Cash and Cash Equivalents
- This metric, expressed as a percentage of total assets, shows variability throughout the periods. It generally fluctuates between approximately 2.78% and 6.84%, with a notable peak around mid-2021. After this peak, there is a slight decline, followed by relatively stable values hovering near 4-5% towards the most recent periods. The trend indicates periods of both liquidity accumulation and utilization.
- Short-term Investments
- Short-term investments data is largely absent in earlier periods but appears in the later stages, starting around late 2024, with percentages fluctuating between 0.77% and 2.38%. This suggests that the company began allocating a portion of its assets to short-term investments only recently, marking a strategic shift in asset management.
- Accounts Receivable
- Accounts receivable as a percentage of total assets fluctuates moderately between approximately 2.06% and 3.86%. It shows an initial decline from 2019 to early 2021, reaching a low in mid-2024, then a slight recovery towards August 2025. This pattern might reflect changes in sales cycles, credit policies, or collection efficiency over time.
- Inventories
- The inventory levels relative to total assets demonstrate a mild upward trend. Beginning near 2.72% in early 2019, inventories peak at approximately 3.46% in mid-2023, followed by a slight steadiness around 3.2-3.3%. This gradual increase over multiple years could reflect expansion in production or stockpiling in response to market demands or supply chain strategies.
- Prepaid Expenses and Other Current Assets
- This category shows relatively low but generally increasing values through most periods, ranging roughly from 0.31% to 1.42%. The peak at 1.42% in late 2021 is a noteworthy spike, after which values stabilize near 0.6-0.7%, suggesting fluctuations potentially tied to payment timing or changes in expense recognition.
- Current Assets
- Current assets as a percentage of total assets trend upwards from about 9.09% in early 2019 to over 14% by mid-2025. This increase suggests a growing emphasis on liquidity and short-term asset holdings, possibly reflecting strategic positioning for operational flexibility or investment readiness.
- Net Property, Plant and Equipment (PPE)
- Net PPE relative to total assets starts at approximately 5.41% and exhibits marginal growth overall, reaching around 7% near the end of the timeline. The steady increase implies continued investment in fixed assets, reflecting ongoing capital expenditure and potentially supporting expanded operational capacity or modernization.
- Goodwill
- Goodwill consistently represents a significant portion of total assets, initially over 56% and hovering near this level throughout, with a notable dip around late 2021 to early 2022 (approximately 51-53%) before rising again toward 56%. This pattern indicates sustained acquisition activity or reassessment of intangible values, with the temporary decrease possibly tied to impairment or revaluation events.
- Intangible Assets, Net
- Intangible assets show a marked decline as a percentage of total assets, falling steadily from over 21% in early 2019 to about 17% by mid-2025. An exception occurs in late 2021, with an anomalous increase to nearly 29%, likely due to accounting reclassification or acquisition. The general downward trend suggests amortization or periodic impairments impacting intangible asset balances.
- Deferred Tax Assets
- Deferred tax assets decrease gradually from around 7.49% in early 2019 to approximately 4% by mid-2025. This decreasing trend may correspond to changes in tax positions, profitability, or valuation allowances over the years.
- Other Assets
- Other assets as a percentage of total assets remain quite low, mostly between 0.6% and 1.8%, with slight increases over time. The trend suggests minor but steady contributions of miscellaneous asset categories to the overall asset base.
- Non-current Assets
- Non-current assets consistently constitute the vast majority of total assets, typically ranging from approximately 85% to 91%. The data portrays a stable asset structure heavily weighted toward long-term holdings, indicative of a capital-intensive operational model.
- Total Assets
- Consistently represented as 100%, serving as the normalization basis for all other asset categories.