Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Analysis of Revenues
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Cisco Systems Inc., consolidated balance sheet: assets
US$ in millions
Based on: 10-K (reporting date: 2026-07-25), 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31).
Total assets exhibit a general upward trajectory, growing from 97,497 million US dollars in July 2021 to 129,637 million US dollars by July 2026. This growth is primarily characterized by a significant expansion in long-term assets starting in 2024, which offsets fluctuations and a general decline in certain current asset categories.
- Liquidity and Short-Term Asset Trends
- Cash and cash equivalents demonstrate volatility without a definitive linear trend, fluctuating between a high of 10,123 million US dollars in 2023 and a low of 7,079 million US dollars in 2022. Short-term investments show a more pronounced downward trend, decreasing from 15,343 million US dollars in 2021 to 7,764 million US dollars in 2025, before a slight recovery to 8,700 million US dollars in 2026.
- Accounts receivable have remained relatively stable, though a gradual increase is observed toward the end of the period, reaching 7,470 million US dollars in 2026.
- Inventories have experienced substantial growth, increasing from 1,559 million US dollars in 2021 to 5,694 million US dollars in 2026, representing a significant accumulation of physical stock over the six-year period.
- Strategic and Long-Term Asset Expansion
- A pivotal shift in the balance sheet occurs between July 2023 and July 2024, where goodwill increases sharply from 38,535 million US dollars to 58,660 million US dollars. This is accompanied by a corresponding surge in purchased intangible assets, which rise from 1,818 million US dollars in 2023 to 11,219 million US dollars in 2024.
- The magnitude of these increases suggests major acquisition activity during the 2024 fiscal year, which fundamentally altered the composition of the asset base. Following this spike, purchased intangible assets show a gradual decline, while goodwill remains stable.
- Property and equipment remained stagnant for several years near the 2,000 million US dollar mark before increasing to 2,760 million US dollars in 2026.
The overall asset structure reveals a transition from a higher reliance on liquid financial instruments toward a larger concentration of intangible and strategic assets. While current assets peaked in 2023, the long-term asset base has become the primary driver of total asset growth, shifting the company's financial profile toward a more capital-intensive or acquisition-led growth model.