Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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KLA Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Inventories
Other current assets
Current assets
Land, property and equipment, net
Goodwill, net
Deferred income taxes
Purchased intangible assets, net
Other non-current assets
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2026-03-31), 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).


The asset composition exhibits a structural shift toward increased liquidity and higher working capital requirements over the analyzed period, transitioning from a balance sheet weighted by non-current assets to one dominated by current assets.

Current Asset Expansion
Current assets have grown significantly as a percentage of total assets, rising from 47.19% in September 2019 to 67.27% by March 2026. This indicates a strategic move toward a more liquid financial position.
Liquidity and Investment Trends
While cash and cash equivalents remained relatively stable, fluctuating between 10% and 15%, marketable securities showed a marked upward trend, increasing from 8.27% to 18.79%. This suggests an intentional accumulation of short-term investments.
Inventory and Receivables
Inventories experienced a consistent increase, moving from 13.59% to 20.37% of total assets, which may reflect expanding operational scale or strategic stockpiling. Accounts receivable remained relatively stable, generally fluctuating between 11% and 16%.

In contrast, non-current assets have declined in their relative importance to the total balance sheet, decreasing from 52.81% to 32.73%.

Intangible Asset Amortization
A sharp downward trend is observed in acquired non-physical assets. Goodwill declined from 24.53% to 10.60%, and purchased intangible assets fell more aggressively from 16.79% to 1.78%. This pattern is indicative of the systematic amortization of acquired assets over time.
Fixed Asset Investment
Net property, plant, and equipment saw a modest increase in its share of total assets, rising from 5.15% to 8.08%, suggesting steady capital expenditure in physical infrastructure despite the overall decline in non-current asset weight.
Deferred Tax Assets
Deferred income taxes increased from 2.35% to 6.66%, indicating a growing relative proportion of tax-related assets on the balance sheet.

The overall trend reveals a transition from an asset base characterized by high levels of acquired intangibles and goodwill to one defined by operational liquidity, increased inventory, and liquid securities.