Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Paying user area
Try for free
Linde plc pages available for free this week:
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Linde plc for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Linde plc, common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Current Liabilities
- The proportion of current liabilities relative to total liabilities and equity shows a fluctuating pattern over the periods. Starting at 18.36% at March 31, 2020, it declines to 15.57% by December 31, 2020, before increasing again and reaching a peak of 22.15% in March 31, 2023. There is some volatility, but generally, current liabilities maintain a range mostly between 15% and 22%. Notably, accounts payable as a component decreases steadily from 3.51% in early 2020 to 2.96% by March 31, 2025. Short-term debt exhibits irregular movement, with a significant decline around December 31, 2021 (1.43%), followed by a recovery to 5.40% by early 2025. The current portion of long-term debt generally decreases from early 2020 to 2023 but then shows a slight increase toward the end of the period. Contract liabilities increase markedly until the end of 2022 but decline thereafter. Other current liabilities remain relatively stable with a slight upward bias, hovering around 5-6% throughout the periods.
- Long-Term Liabilities
- Long-term debt excluding current portion exhibits an upward trend overall, rising substantially from 11.88% in March 2020 to 21.29% by March 2025. This reflects an increasing reliance on long-term borrowing. Conversely, other long-term liabilities slightly decline from 13.77% in early 2020 to around 13.48% by early 2025, showing minor fluctuations. The total long-term liabilities trend upward from approximately 25.64% to 34.77%, indicating a gradual increase in the long-term obligations portion of the capital structure.
- Total Liabilities
- Total liabilities increase consistently over the analyzed timeframe, starting from 44.00% and growing to 52.28%. This increase reflects the combined effect of rising current and long-term liabilities, with particular emphasis on the growth in long-term debt. The stable and negligible proportion of redeemable noncontrolling interests (around 0.02%) contributes insignificantly to total liabilities.
- Equity Components
- Total shareholders’ equity shows a declining tendency over the period, decreasing from 53.07% in early 2020 to 45.99% by March 31, 2025. Additional paid-in capital fluctuates, peaking above 53% in September 2022 but trending down again towards 47.65% by early 2025. Retained earnings steadily increase until late 2022, peaking at 26.7%, but then experience a sudden and sharp decline to around 7.59% in March 2023, followed by gradual recovery to 16.38% in early 2025. This anomaly points to an event or accounting adjustment affecting retained earnings in early 2023. Accumulated other comprehensive loss generally remains negative, fluctuating between -6.85% and -10.89%, suggesting consistent unrealized losses impacting equity. Treasury shares at cost show a significant rise in negative value, from -5.77% at the beginning to -19.02% by late 2022 and then improvements to around -9.86% by early 2025, indicating share buybacks or treasury share activity with periods of high cost accumulation.
- Total Equity
- Total equity declines moderately from 55.89% to 47.7% over the observed period. This decline aligns with increases in total liabilities and indicates a slight shift in the capital structure toward greater leverage. Noncontrolling interests remain relatively stable at around 1.7%, with no significant impact on equity composition.
- Overall Capital Structure Trends
- The data reveals a trend toward increased leverage, highlighted by a rising share of total liabilities increasing from roughly 44% to over 52%, and a corresponding decrease in the equity proportion. Both current and long-term liabilities exhibit growth, but the long-term debt component increases more substantially, indicating a shift toward longer maturity debts. Equity components show volatility, especially retained earnings and treasury shares, which may reflect company-specific actions such as share repurchases or accounting adjustments. The capital structure increasingly balances toward liabilities, potentially affecting financial risk profiles.