Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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

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May 3, 2026 Feb 1, 2026 Nov 2, 2025 Aug 3, 2025 May 4, 2025 Feb 2, 2025 Nov 3, 2024 Aug 4, 2024 May 5, 2024 Feb 4, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020
Cash and cash equivalents
Trade accounts receivable, net
Inventory
Other current assets
Current assets
Property, plant and equipment, net
Goodwill
Intangible assets, net
Other long-term assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-05-03), 10-Q (reporting date: 2026-02-01), 10-K (reporting date: 2025-11-02), 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-Q (reporting date: 2025-02-02), 10-K (reporting date: 2024-11-03), 10-Q (reporting date: 2024-08-04), 10-Q (reporting date: 2024-05-05), 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02).


The asset composition exhibits a significant structural shift over the analyzed period, characterized by a heavy concentration in long-term intangible assets and a volatile liquidity profile. The balance sheet is dominated by non-physical assets, with goodwill and intangible assets consistently comprising the vast majority of the total asset base.

Liquidity and Current Asset Dynamics
A period of liquidity accumulation is observed from February 2020 through October 2023, during which cash and cash equivalents rose from 7.95% to a peak of 19.47% of total assets. This trend reversed sharply in February 2024, when cash levels dropped to 6.67%, suggesting a substantial capital deployment. Following this contraction, a gradual recovery is evident, with cash levels trending upward to 10.96% by May 2026. Total current assets followed a similar trajectory, peaking at 28.61% in October 2023 before declining to 15.29% in February 2024 and subsequently recovering to 23.56% by May 2026.
Intangible Asset and Goodwill Trends
Intangible assets, net, showed a steady long-term decline from 26.50% in February 2020 to a low of 5.31% in October 2023, likely reflecting the effects of systematic amortization. However, a dramatic spike occurred in February 2024, where intangible assets jumped to 26.53%, coinciding with the aforementioned sharp decline in cash. This suggests a significant acquisition that expanded the asset base. Goodwill remained the largest single component of the balance sheet, generally fluctuating between 53% and 61%, reflecting a business model heavily reliant on acquired premiums.
Fixed Asset Dilution
Property, plant, and equipment (PP&E) maintained a stable proportion of approximately 3% of total assets from 2020 through late 2023. In February 2024, this ratio dropped precipitously to 1.50% and remained stagnant through May 2026. Because this decline aligns with the surge in goodwill and intangible assets, it indicates a significant expansion of the total asset denominator rather than a divestment of physical assets.
Long-Term Asset Composition
Long-term assets consistently represent the bulk of the balance sheet, ranging from 71.39% to 88.17%. The internal composition of these assets shifted from a balance of goodwill and intangibles toward a heavier weighting of goodwill prior to February 2024. Post-February 2024, the structure reset with a renewed increase in the proportion of intangible assets, followed by a slow downward trend in the total long-term asset percentage from 84.71% to 76.44% by May 2026, as current assets regained a larger share of the total.