Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Analog Devices Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Aug 2, 2025 May 3, 2025 Feb 1, 2025 Nov 2, 2024 Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019
Cash and cash equivalents
Short-term investments
Accounts receivable
Inventories
Prepaid expenses and other current assets
Current assets
Net property, plant and equipment
Goodwill
Intangible assets, net
Deferred tax assets
Other assets
Non-current assets
Total assets

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.