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
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: 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 composition of assets for the analyzed entity exhibits several notable shifts over the period from September 2019 through December 2025. Current assets consistently represent a significant portion of the total asset base, generally fluctuating between approximately 47% and 67%. Non-current assets correspondingly comprise the remaining portion, ranging from roughly 33% to 53%. Within these broad categories, specific asset components demonstrate distinct trends.

Liquidity and Current Assets
Cash and cash equivalents initially hovered around 10-11% of total assets, increasing to a peak of 14.59% by December 2020, before generally declining to around 12-13% for much of the subsequent period. A more substantial increase is observed towards the end of the analyzed timeframe, reaching 14.67% in September 2025. Marketable securities show a similar pattern, increasing from approximately 8% to nearly 17% by March 2025, before decreasing slightly to 16.37% in December 2025. Accounts receivable, net, experienced a gradual increase from 11.55% to a high of 16.63% in December 2022, followed by a decline to 12.40% in September 2025. Inventories demonstrate a consistent upward trend throughout the period, rising from 13.59% to 20.21% in September 2025. Other current assets remained relatively stable, fluctuating between 3% and 5%. The overall proportion of current assets increased significantly from 47.19% in September 2019 to 67.37% in March 2025, before decreasing to 65.00% in December 2025.
Long-Term Assets
Land, property, and equipment, net, exhibited a slow but steady increase, growing from 5.15% to 8.04% of total assets. Goodwill, net, experienced a more pronounced decline, decreasing from 24.53% in September 2019 to 10.71% in December 2025. Deferred income taxes initially remained relatively stable, but increased significantly from 5.68% in September 2021 to 6.88% in December 2024, before decreasing to 6.84% in December 2025. Purchased intangible assets, net, showed a consistent downward trend, decreasing from 16.79% to 2.08% over the analyzed period. Other non-current assets remained relatively stable, fluctuating between 4% and 5%. The overall proportion of non-current assets decreased from 52.81% in September 2019 to 32.63% in December 2025.

The observed trends suggest a shift in asset allocation. The company appears to be decreasing its reliance on goodwill and purchased intangible assets, while simultaneously increasing its investment in current assets, particularly inventories and marketable securities. This could indicate a strategic focus on short-term liquidity and operational efficiency, potentially in anticipation of future growth or changing market conditions. The increase in inventories may also suggest increased production or anticipated demand. The fluctuations in cash and marketable securities could be related to investment activities or working capital management.