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Linde plc (NASDAQ:LIN)

Common-Size Balance Sheet: Assets
Quarterly Data

Linde plc, common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2026 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 4.48 5.54 4.59 5.82 5.24 5.56 6.40 6.05 6.28 5.77 6.03 5.77 5.00 4.26 6.18 6.82 5.05 4.69 5.39 3.46 5.58 3.72 4.82
Accounts receivable, net 6.35 6.37 6.16 5.72 6.20 6.08 5.99 5.77 5.90 6.23 6.23 5.84 6.03 6.10 5.92 5.72 6.19 6.17 5.85 5.51 5.19 5.15 4.87
Contract assets 0.51 0.49 0.37 0.31 0.27 0.30 0.35 0.33 0.31 0.28 0.27 0.24 0.19 0.20 0.22 0.16 0.14 0.10 0.12 0.16 0.20 0.21 0.16
Inventories 2.42 2.40 2.41 2.37 2.47 2.47 2.40 2.43 2.53 2.61 2.61 2.62 2.67 2.64 2.56 2.48 2.50 2.29 2.13 2.12 2.01 2.01 1.99
Prepaid and other current assets 1.47 1.24 1.24 1.13 1.32 1.43 1.30 1.58 1.28 1.12 1.15 1.15 1.18 1.30 1.20 1.19 1.20 1.22 1.31 1.19 1.28 1.31 1.25
Current assets 15.23% 16.05% 14.77% 15.35% 15.50% 15.83% 16.44% 16.15% 16.31% 16.01% 16.31% 15.62% 15.08% 14.50% 16.07% 16.38% 15.07% 14.47% 14.81% 12.45% 14.26% 12.38% 13.10%
Property, plant and equipment, net 33.87 33.02 33.09 32.55 32.02 31.28 31.09 30.91 30.44 30.64 30.39 30.38 30.35 30.24 29.63 29.56 30.39 30.81 30.92 31.86 31.10 31.91 31.69
Goodwill 31.68 31.61 32.30 32.17 32.36 32.31 32.05 32.36 32.84 32.87 32.72 33.10 33.35 33.61 32.90 32.41 33.05 32.97 32.41 33.13 32.28 32.75 32.32
Other intangible assets, net 12.97 13.09 13.52 13.67 13.87 14.04 13.98 14.14 14.67 14.77 14.94 15.34 15.54 15.89 15.74 15.59 15.89 16.22 16.32 16.91 16.69 17.18 17.13
Other long-term assets 6.25 6.24 6.31 6.26 6.24 6.54 6.44 6.44 5.74 5.71 5.65 5.55 5.68 5.76 5.67 6.06 5.60 5.53 5.54 5.64 5.68 5.77 5.76
Long-term assets 84.77% 83.95% 85.23% 84.65% 84.50% 84.17% 83.56% 83.85% 83.69% 83.99% 83.69% 84.38% 84.92% 85.50% 83.93% 83.62% 84.93% 85.53% 85.19% 87.55% 85.74% 87.62% 86.90%
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% 100.00%

Based on: 10-Q (reporting date: 2026-09-30), 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 reveals a consistent reliance on long-term assets, which typically constitute between 83% and 87% of the total balance sheet. A gradual increase in the proportion of current assets is evident, rising from 13.10% in March 2021 to 15.23% by September 2026, indicating a slight shift toward higher short-term liquidity.

Current Asset Dynamics
Cash and cash equivalents have remained relatively stable, generally fluctuating between 3.46% and 6.82% of total assets. A more pronounced upward trend is observed in net accounts receivable, which grew from 4.87% to 6.35% over the analyzed period. Inventories have also seen a marginal increase, moving from 1.99% to 2.42%. Contract assets, while representing a small fraction of the total balance sheet, have more than tripled in relative weight, increasing from 0.16% to 0.51%.
Fixed and Tangible Assets
Property, plant, and equipment (PP&E), net, have shown a gradual increase in their share of total assets, rising from 31.69% in March 2021 to 33.87% by September 2026. This suggests an increase in capital expenditure or a strategic shift toward expanding physical infrastructure relative to other asset types.
Intangible Assets and Goodwill
Goodwill has remained a dominant and stable component of the balance sheet, consistently hovering between 31.61% and 33.61%. In contrast, other net intangible assets exhibit a clear and steady downward trend, declining from 17.13% in early 2021 to 12.97% by late 2026. This contraction suggests the systematic amortization of intangible assets over time.
Other Long-Term Assets
Other long-term assets have remained relatively stable, maintaining a range between 5.53% and 6.54%, ending the period at 6.25%. This consistency indicates that these miscellaneous long-term holdings are growing in proportion to total assets at a rate similar to the overall balance sheet expansion.

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