Stock Analysis on Net
Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

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

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

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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 7.07 5.55 4.28 5.36 9.40 10.02 9.12 9.67 4.88 1.00 1.70 1.77 1.30 1.34 1.17 1.08 2.65 0.53 2.57 2.13 5.23 5.27 3.17 4.93 1.66 4.32
Accounts payable 2.24 2.00 2.07 1.89 1.57 1.62 1.85 1.67 1.83 2.11 2.27 2.50 2.43 2.49 2.43 2.47 2.23 2.36 2.42 2.60 1.95 2.41 2.34 2.62 2.14 2.18
Income taxes payable 0.16 2.04 1.52 1.52 1.55 1.70 1.16 1.52 1.85 2.41 4.16 3.21 2.30 0.96 1.02 0.92 0.89 0.85 0.82 0.80 0.80 0.85 0.88 1.15 0.91 0.86
Accrued compensation 2.83 2.53 2.95 2.68 2.72 2.32 2.90 2.61 3.18 3.08 3.91 3.44 3.33 3.12 3.53 3.27 3.57 3.37 3.92 3.54 3.45 3.13 3.29 3.22 2.97 2.96
Deferred revenue 13.13 13.05 13.42 13.43 13.18 12.66 13.06 12.81 13.85 13.98 13.66 13.58 13.68 13.52 13.60 13.20 13.01 12.52 12.46 12.24 12.08 11.86 12.02 11.72 11.76 11.51
Other current liabilities 4.39 4.11 4.43 3.92 4.55 4.55 4.54 4.34 4.91 4.79 5.04 4.93 5.40 5.33 5.53 5.09 5.14 4.59 4.74 4.53 5.01 4.88 5.00 4.75 4.98 4.76
Current liabilities 29.82% 29.27% 28.67% 28.80% 32.97% 32.87% 32.62% 32.61% 30.49% 27.37% 30.74% 29.45% 28.43% 26.75% 27.28% 26.02% 27.49% 24.21% 26.93% 25.84% 28.52% 28.41% 26.71% 28.38% 24.43% 26.59%
Long-term debt, excluding current portion 17.32 17.64 18.69 19.08 16.17 15.91 15.77 16.34 6.59 6.74 6.54 6.83 7.97 8.20 8.95 9.07 9.51 9.37 9.25 10.15 9.99 10.07 12.21 12.67 16.03 15.67
Income taxes payable 1.72 1.79 1.77 1.56 1.45 2.73 3.20 2.33 3.35 5.86 5.65 6.90 6.90 8.42 8.22 8.29 8.09 8.91 8.76 8.78 8.46 9.25 9.32 9.07 9.10 9.64
Deferred revenue 9.89 10.05 10.11 9.94 9.72 9.64 9.83 9.53 11.62 11.99 11.43 11.29 11.29 11.22 11.15 10.82 10.66 10.48 10.27 10.01 9.72 9.69 9.53 8.69 8.90 8.60
Other long-term liabilities 2.57 2.54 2.45 2.26 2.18 2.14 2.04 1.97 2.23 2.27 2.10 2.17 2.14 2.13 2.09 2.26 2.34 2.54 2.45 2.40 2.38 2.42 2.26 2.13 2.25 2.27
Long-term liabilities 31.50% 32.02% 33.02% 32.85% 29.52% 30.42% 30.84% 30.18% 23.79% 26.86% 25.71% 27.19% 28.29% 29.97% 30.41% 30.44% 30.61% 31.30% 30.73% 31.34% 30.56% 31.43% 33.32% 32.55% 36.28% 36.19%
Total liabilities 61.32% 61.29% 61.70% 61.65% 62.49% 63.29% 63.46% 62.79% 54.29% 54.23% 56.45% 56.63% 56.73% 56.72% 57.69% 56.46% 58.10% 55.51% 57.67% 57.18% 59.08% 59.84% 60.02% 60.93% 60.70% 62.78%
Preferred stock, $0.001 par value; none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock and additional paid-in capital, $0.001 par value 39.31 39.77 39.04 39.17 38.33 37.29 36.81 36.86 44.48 45.10 43.48 44.74 45.31 46.19 45.44 45.89 44.87 44.41 43.43 44.68 43.61 43.54 43.44 44.52 44.92 43.59
Retained earnings (accumulated deficit) 0.05 -0.30 0.04 0.13 0.41 0.54 0.87 1.67 2.73 2.72 1.61 0.27 -0.38 -0.64 -1.40 -0.78 -2.13 0.58 -0.67 -1.55 -2.46 -2.90 -2.91 -4.24 -4.85 -5.50
Accumulated other comprehensive loss -0.68 -0.77 -0.78 -0.95 -1.23 -1.12 -1.15 -1.33 -1.49 -2.05 -1.55 -1.65 -1.65 -2.28 -1.73 -1.58 -0.84 -0.49 -0.43 -0.31 -0.23 -0.47 -0.55 -1.21 -0.77 -0.88
Total equity 38.68% 38.71% 38.30% 38.35% 37.51% 36.71% 36.54% 37.21% 45.71% 45.77% 43.55% 43.37% 43.27% 43.28% 42.31% 43.54% 41.90% 44.49% 42.33% 42.82% 40.92% 40.16% 39.98% 39.07% 39.30% 37.22%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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 composition of liabilities and stockholders’ equity exhibited several notable shifts over the observed period. Current liabilities generally represented a significant portion of the total, fluctuating between approximately 24% and 33% of the total. Long-term liabilities consistently accounted for roughly 25% to 36% of the total, with a noticeable increase towards the end of the period. Equity’s proportion of the total also showed variation, initially around 37-40%, decreasing to around 36-37% before increasing again to approximately 38-39% in the latter part of the observation window.

Short-Term Debt
Short-term debt as a percentage of total liabilities and equity was initially around 4-5%, decreased to a low of approximately 0.5% in late 2021, and then experienced a substantial increase, peaking at nearly 10% in early 2024 before decreasing again to around 5-7% by the end of the period. This suggests a dynamic approach to short-term financing, potentially linked to specific funding needs or market conditions.
Accounts Payable
Accounts payable remained relatively stable, generally ranging between 1.5% and 2.6% of total liabilities and equity throughout the period. A slight downward trend was observed in the latter half of the period, indicating potentially improved payment terms or reduced purchasing activity.
Income Taxes Payable
Income taxes payable demonstrated considerable volatility. Initially around 0.8-1.1%, it increased significantly to over 4% in early 2023, before declining sharply to a low of 0.16% in late 2025. This fluctuation likely reflects changes in tax liabilities and payment schedules.
Accrued Compensation
Accrued compensation exhibited a generally upward trend from approximately 2.9% to nearly 4% of total liabilities and equity, with some fluctuations. This suggests a potential increase in personnel costs or changes in accrual policies. A slight decrease was observed towards the end of the period.
Deferred Revenue
Deferred revenue consistently represented a substantial portion of liabilities, ranging from approximately 11% to 13.9%. A gradual increase was observed throughout much of the period, peaking in late 2023, followed by a slight decline. This indicates a growing reliance on revenue recognized in future periods.
Other Current and Long-Term Liabilities
Both other current and long-term liabilities showed relative stability, fluctuating within a range of approximately 3.9-5.5% and 1.9-2.6% respectively. These categories appear to be consistently managed components of the overall liability structure.
Long-Term Debt
Long-term debt, excluding the current portion, generally decreased from around 15-16% to approximately 6-8% of total liabilities and equity between 2019 and mid-2023. However, it increased again towards the end of the period, reaching approximately 16% in early 2024, before decreasing slightly. This suggests a period of debt reduction followed by renewed borrowing.
Total Equity
Total equity experienced fluctuations, initially around 37-39%, decreasing to around 36-37% before increasing again to approximately 38-39% in the latter part of the period. The components of equity, specifically retained earnings and accumulated other comprehensive loss, contributed to these changes. Retained earnings generally improved over time, while accumulated other comprehensive loss remained negative, though with some fluctuations.

Overall, the liability structure appears to be actively managed, with shifts in short-term debt and income taxes payable potentially responding to specific business needs. The consistent presence of deferred revenue suggests a business model reliant on future revenue recognition. The fluctuations in long-term debt indicate strategic decisions regarding capital structure. Equity exhibited moderate changes, influenced by both retained earnings and accumulated other comprehensive loss.