Stock Analysis on Net
Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Common-Size Balance Sheet: Assets
Quarterly Data

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

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Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents 11.31 16.19 16.95 15.98 13.20 12.84 14.05 14.48 13.81 17.91 12.88 12.68 13.84 11.47 15.46 12.36 13.25 14.65 17.00 17.27 17.87 18.44
Short-term investments 0.58 0.56 0.60 0.53 0.42 0.53 0.51 0.37 0.33 0.38 0.28 0.27 0.23 0.62 0.78 0.86 0.66 0.78 0.87 1.63 1.39 1.48
Accounts receivable, less allowances 10.78 10.90 10.34 11.03 11.25 10.97 10.40 10.73 11.19 11.39 12.24 12.78 12.82 13.13 11.95 12.21 12.43 11.24 10.59 11.28 10.86 10.50
Inventories 8.28 8.61 8.36 8.80 8.94 8.79 8.57 8.62 9.12 9.62 10.04 9.79 9.45 9.65 8.89 9.12 8.96 8.64 7.97 7.74 7.39 7.25
Assets held for sale 3.06 3.21 3.38 0.00 0.00 1.85 1.82 2.07 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
Other current assets 2.30 1.88 1.60 1.66 1.85 1.77 1.77 2.05 2.13 2.49 2.76 2.53 2.45 2.73 3.04 2.81 3.01 3.02 2.92 2.63 2.60 2.59
Current assets 36.30% 41.34% 41.24% 38.00% 35.66% 36.75% 37.11% 38.32% 36.59% 41.79% 38.20% 38.04% 38.79% 37.59% 40.12% 37.36% 38.30% 38.33% 39.35% 40.56% 40.12% 40.26%
Equity method investments 9.64 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
Long-term receivables and other investments 1.51 1.91 1.91 1.94 1.82 1.89 1.85 1.99 2.12 1.49 1.53 1.46 1.46 1.51 1.52 1.34 1.28 1.63 1.90 1.94 2.12 1.17
Property, plant and equipment, net 5.94 6.30 6.28 8.26 8.17 8.26 8.24 7.92 8.30 8.68 9.20 8.95 8.80 9.14 8.79 8.86 8.58 8.63 8.63 8.59 8.63 8.73
Goodwill 25.82 28.49 28.61 29.31 30.35 29.28 29.02 28.94 30.04 27.40 29.34 29.03 28.80 29.37 28.10 28.16 28.15 28.20 27.54 26.43 26.80 26.72
Other intangible assets, net 8.29 8.87 9.14 8.83 9.38 8.69 8.85 7.82 7.51 4.78 5.25 5.40 5.48 5.29 5.17 5.34 5.44 5.58 5.60 5.67 5.86 5.98
Deferred income taxes 0.26 0.27 0.27 0.30 0.29 0.30 0.32 0.51 0.54 0.57 0.64 0.62 0.61 0.64 0.68 0.72 0.79 0.78 0.76 1.18 1.19 1.20
Other assets 12.24 12.81 12.55 13.36 14.32 14.83 14.60 14.49 14.90 15.30 15.85 16.50 16.05 16.46 15.64 18.22 17.46 16.85 16.22 15.64 15.28 15.95
Noncurrent assets 63.70% 58.66% 58.76% 62.00% 64.34% 63.25% 62.89% 61.68% 63.41% 58.21% 61.80% 61.96% 61.21% 62.41% 59.88% 62.64% 61.70% 61.67% 60.65% 59.44% 59.88% 59.74%
Total assets 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: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The asset composition of the balance sheet reveals a consistent distribution between current and noncurrent assets, with noncurrent assets generally maintaining a larger share, typically ranging between 58% and 64% of total assets. Current assets have fluctuated between 35% and 42%, reflecting periodic shifts in liquidity and working capital requirements.

Liquidity and Working Capital Trends
Cash and cash equivalents have exhibited significant volatility, starting at 18.44% in March 2021, declining to a low of 11.47% by March 2023, and subsequently fluctuating before ending at 11.31% in June 2026. Short-term investments have remained a marginal component of the asset base, consistently staying below 2% and trending downward toward 0.58% by the end of the period.
Accounts receivable have remained relatively stable, oscillating between 10% and 13% of total assets. Inventories showed a gradual increase from 7.25% in early 2021 to a peak of 10.04% in December 2023, followed by a stabilization around 8% in the most recent quarters.
Fixed and Intangible Asset Analysis
Goodwill represents a substantial portion of the total asset base, consistently remaining between 25.8% and 30.4%. This indicates that a significant percentage of the company's value is tied to previous acquisitions.
Other intangible assets showed a marked increase starting in June 2024, rising from approximately 5% to peak at 9.38% in June 2025, before settling at 8.29% in June 2026. Conversely, Property, Plant and Equipment (PPE) declined from a range of 8-9% in the early years to 5.94% by June 2026, suggesting a reduction in physical asset intensity or an increase in asset depreciation relative to total asset growth.
Strategic Asset Shifts
A notable shift in the asset structure occurred starting in September 2024 with the introduction of assets held for sale, which grew to 3.06% by June 2026. This suggests the initiation of divestiture activities.
The appearance of equity method investments at 9.64% in June 2026 represents a significant structural change, indicating a shift toward strategic partnerships or the acquisition of minority stakes in other entities.

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