Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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

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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
Short-term investments
Accounts receivable, less allowances
Inventories
Assets held for sale
Other current assets
Current assets
Investments and long-term receivables
Property, plant and equipment, net
Goodwill
Other intangible assets, net
Deferred income taxes
Other assets
Noncurrent assets
Total assets

Based on: 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 composition of assets at the company exhibits several notable trends over the observed period from March 2021 to December 2025. Current assets, while consistently representing a significant portion of the total, demonstrate fluctuations, while noncurrent assets generally maintain a larger share. Within both categories, specific asset types show distinct patterns.

Liquidity and Current Assets
Cash and cash equivalents experienced a considerable decrease from 18.44% of total assets in March 2021 to 16.95% in December 2025, with a low point of 11.47% in March 2023. Short-term investments followed a similar downward trajectory, declining from 1.48% to 0.60% over the same period. Accounts receivable remained relatively stable, fluctuating between approximately 10.50% and 13.13%, with a slight increase observed towards the end of the period. Inventories consistently increased as a percentage of total assets, rising from 7.25% in March 2021 to 8.36% in December 2025. The proportion of assets held for sale was minimal until September 2024, increasing to 2.07% and peaking at 3.38% in December 2025. Overall, current assets decreased from 40.26% to 41.24% before falling to 38.00% in September 2025.
Long-Term Investments and Fixed Assets
Investments and long-term receivables showed some volatility, peaking at 2.12% in June 2021 before settling around 1.5% - 2.0% for most of the period. Property, plant, and equipment, net, remained relatively stable, fluctuating between approximately 7.92% and 9.20% of total assets. A slight downward trend is observable in the latter half of the period. Goodwill consistently represented a substantial portion of assets, ranging from 26.43% to 29.37%, with a peak in March 2023 at 29.37%. Other intangible assets, net, increased significantly from 5.98% in March 2021 to 9.14% in December 2025. Deferred income taxes decreased from 1.20% to 0.27% over the period. Other assets also experienced a decline, decreasing from 15.95% to 12.55%.
Noncurrent Asset Trends
Noncurrent assets consistently comprised the majority of the company’s asset base, generally ranging between 59.44% and 62.64%. The increase in other intangible assets and the decrease in deferred income taxes and other assets contributed to the overall composition of noncurrent assets. The relative stability of property, plant, and equipment, net, and goodwill provided a base for these changes.

In summary, the company’s asset allocation shifted over the observed period, with a decrease in liquid assets and a relative increase in intangible assets. The changes in asset composition suggest potential strategic shifts in investment and operational focus.