Stock Analysis on Net
Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Cisco Systems Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Apr 25, 2026 Jan 24, 2026 Oct 25, 2025 Jul 26, 2025 Apr 26, 2025 Jan 25, 2025 Oct 26, 2024 Jul 27, 2024 Apr 27, 2024 Jan 27, 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 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019
Short-term debt
Accounts payable
Income taxes payable
Accrued compensation
Deferred revenue
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Income taxes payable
Deferred revenue
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.001 par value; none issued and outstanding
Common stock and additional paid-in capital, $0.001 par value
Retained earnings (accumulated deficit)
Accumulated other comprehensive loss
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2026-04-25), 10-Q (reporting date: 2026-01-24), 10-Q (reporting date: 2025-10-25), 10-K (reporting date: 2025-07-26), 10-Q (reporting date: 2025-04-26), 10-Q (reporting date: 2025-01-25), 10-Q (reporting date: 2024-10-26), 10-K (reporting date: 2024-07-27), 10-Q (reporting date: 2024-04-27), 10-Q (reporting date: 2024-01-27), 10-Q (reporting date: 2023-10-28), 10-K (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-K (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26).

The capital structure of the organization has undergone a significant shift in composition, characterized by a period of deleveraging followed by a sharp increase in both short-term and long-term liabilities beginning in early 2024. Total liabilities fluctuated between 54% and 63% of the total balance sheet, with a notable return to higher leverage levels exceeding 61% from April 2024 through April 2026.

Liability Composition and Trends
Current liabilities exhibit an upward trend, rising from a range of 24% to 30% in the 2019-2023 period to peak at 32.97% in January 2024. This increase is primarily driven by a substantial rise in short-term debt, which escalated from 1.00% in October 2023 to a peak of 10.02% in October 2024, before stabilizing between 4% and 9.5% in the subsequent periods.
Long-term liabilities showed a consistent decline from 36.19% in October 2019 to 23.79% in January 2024. However, a sharp reversal occurred in April 2024, with long-term liabilities jumping to 30.18%, largely due to a spike in long-term debt, which rose from 6.59% to 16.34% in a single quarter. This suggests a significant restructuring of debt or new long-term financing activity.
A marked reduction is observed in long-term income taxes payable, which fell from approximately 9% of the total balance sheet in 2019 to between 1.45% and 2.33% during 2024 and 2025.
Equity and Retained Earnings Analysis
Total equity experienced a period of growth, peaking at 45.77% in October 2023, before dropping to approximately 37% in April 2024. This decline aligns with the simultaneous increase in total liabilities, indicating a shift toward a more leveraged financial position.
Common stock and additional paid-in capital remained the dominant equity component, although its proportion of the total balance sheet decreased from a high of 46.19% in October 2022 to approximately 39% by April 2026.
Retained earnings show a positive recovery trend. After maintaining an accumulated deficit for several years (reaching -5.50% in October 2019), the balance trended toward zero and became positive, peaking at 2.73% in January 2024, before fluctuating slightly around the break-even point through 2026.
Operational Liability Stability
Deferred revenue, both current and long-term, has remained relatively stable. Current deferred revenue stayed within the 11% to 14% range, while long-term deferred revenue fluctuated between 8% and 12%, indicating a consistent stream of advance payments for services or products.
Accounts payable and accrued compensation have remained largely stable as a percentage of the total balance sheet, with accounts payable hovering around 1.5% to 2.6% and accrued compensation staying between 2.3% and 3.9%.