Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

$24.99

Balance Sheet: Assets
Quarterly Data

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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Cisco Systems Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
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
Cash and cash equivalents
Investments
Accounts receivable, net of allowance
Inventories
Financing receivables, net
Other current assets
Current assets
Property and equipment, net
Financing receivables, net
Goodwill
Purchased intangible assets, net
Deferred tax assets
Other assets
Long-term assets
Total assets

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).


Over the observed period from October 2019 to January 2026, the company’s asset composition demonstrates several notable trends. Current assets generally fluctuate between approximately US$35 billion and US$44 billion, while long-term assets exhibit a more pronounced upward trajectory, culminating in a significant increase in the later periods. A detailed examination of individual asset categories reveals specific patterns.

Cash and Cash Equivalents
Cash and cash equivalents experienced initial growth, peaking in July 2020, before declining to a low in January 2022. Subsequently, a substantial increase is observed in October 2023, reaching a high point, followed by a decrease and then a moderate recovery. This suggests periods of active cash management and potentially strategic investments or acquisitions.
Investments
Investments generally decreased from October 2019 to April 2022, followed by a period of fluctuation and moderate growth. A significant decline is then observed from October 2023 through April 2025, before a slight recovery. This pattern may indicate a shift in investment strategy or the liquidation of certain holdings.
Accounts Receivable
Accounts receivable show a generally increasing trend, with fluctuations throughout the period. A notable increase is observed between April 2021 and January 2022, followed by a decrease and then another increase. This suggests potential changes in credit policies or sales volume.
Inventories
Inventories demonstrate a consistent upward trend from October 2019 to July 2023, indicating a potential build-up of stock. A subsequent decline is observed from October 2023 through January 2026, potentially reflecting improved inventory management or decreased production.
Financing Receivables
Financing receivables exhibit a relatively stable pattern with a gradual decline over the observed period. This suggests a consistent, but potentially decreasing, level of financing activity.
Other Current Assets
Other current assets show a consistent upward trend throughout the period, indicating a growing accumulation of miscellaneous short-term assets. This could be due to various factors, including prepaid expenses or short-term loans.
Property and Equipment, Net
Property and equipment, net, remain relatively stable, with a slight downward trend over the period. This suggests limited investment in new fixed assets or consistent depreciation.
Goodwill
Goodwill demonstrates a generally stable pattern, with a significant increase in the period between October 2023 and January 2025. This suggests potential acquisitions or revaluation of existing goodwill.
Purchased Intangible Assets, Net
Purchased intangible assets, net, show a decreasing trend from October 2019 to January 2026. This could be due to amortization or impairment of intangible assets.
Deferred Tax Assets
Deferred tax assets exhibit an increasing trend, particularly from April 2023 onwards, indicating a growing benefit from future tax deductions.
Other Assets
Other assets demonstrate a generally increasing trend, similar to other current assets, suggesting a growing accumulation of miscellaneous long-term assets.

The substantial increase in long-term assets, particularly goodwill and deferred tax assets, in the later periods contributes to the overall growth in total assets. The fluctuations in current assets suggest active management of short-term liquidity and working capital. The observed trends warrant further investigation to understand the underlying business decisions and their impact on the company’s financial position.


Assets: Selected Items


Current Assets: Selected Items