Common-Size Balance Sheet: Assets
Quarterly Data
KLA Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-K (reporting date: 2026-06-30), 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).
The asset composition shows a significant shift toward liquidity over the analyzed period, with current assets increasing from 51.02% of total assets in September 2020 to 68.97% by June 2026. This trend is mirrored by a corresponding decline in non-current assets, which dropped from 48.98% to 31.03% over the same timeframe. This transition indicates a structural movement toward a more liquid balance sheet.
- Liquidity and Cash Management
- Cash and cash equivalents remained relatively stable, fluctuating between a high of 14.61% and a low of 9.19%. However, there is a notable upward trend in marketable securities, which rose from 8.88% in September 2020 to 18.12% in June 2026. This suggests a strategic shift in managing excess liquidity by moving funds from immediate cash into yield-bearing instruments.
- Operational Working Capital
- Inventories have expanded their share of the asset base consistently, rising from 14.96% in September 2020 to 20.32% in June 2026. This indicates an increase in the proportion of capital tied up in physical stock. Accounts receivable have exhibited more volatility, generally fluctuating between 10% and 16%, with a peak of 16.09% in the final period, suggesting fluctuations in credit terms or collection cycles.
- Intangible Asset Erosion
- A pronounced downward trend is observed in intangible assets. Goodwill decreased from 21.95% to 9.96%, and purchased intangible assets saw a sharp decline from 14.39% to 1.43%. This systematic reduction is characteristic of scheduled amortization or impairment, significantly reducing the weight of non-physical assets in the total asset mix.
- Fixed and Other Non-Current Assets
- Land, property, and equipment remained a small but slightly growing portion of the balance sheet, moving from 6.03% to 7.69%. Deferred income taxes also saw a moderate increase, rising from 2.64% to 5.78%, contributing to the remaining non-current asset balance as intangible assets declined.
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