Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
Paying user area
Try for free
Linde plc pages available for free this week:
- Common-Size Income Statement
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
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 $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Linde plc, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
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).
The analysis of the financial data reveals several notable trends and fluctuations across the reported periods. Overall, the total liabilities exhibit some volatility but maintain an upward trajectory, reflecting changes in various components of current and long-term obligations.
- Current Liabilities
- Current liabilities show variability over the quarters, fluctuating from 15,490 million USD in March 2020 to a peak of 17,785 million USD in December 2022, before a gradual decline to around 14,485 million USD by March 2025. The accounts payable balance remains relatively stable, with minor fluctuations generally between 2,400 million USD and 3,500 million USD, ending lower toward the last period. Short-term debt experiences significant swings: starting at 4,848 million USD in March 2020, dipping and surging multiple times, peaking at 5,337 million USD in March 2023 before stabilizing in the range of 4,000 to 4,500 million in subsequent quarters. The current portion of long-term debt generally decreases sharply from early 2020 to the middle of 2021 but increases again afterward, showing some cyclical repayment patterns.
- Contract Liabilities and Other Current Liabilities
- Contract liabilities broadly increase from approximately 1,854 million USD in March 2020 to a peak near 3,246 million USD in June 2023, followed by a steady decrease by March 2025. Other current liabilities fluctuate mildly within a band of 3,800 million USD to nearly 4,800 million USD with no consistent directional trend, suggesting balanced operational liability management.
- Long-term Liabilities
- Long-term debt excluding the current portion shows notable volatility, initially increasing from about 10,021 million USD in March 2020 to a high above 17,000 million USD in September 2024, followed by a further push to 17,608 million USD in March 2025. This growth indicates increased leveraged financing over time. Other long-term liabilities present a slow but steady decline from approximately 11,615 million USD in early 2020 to below 11,200 million USD by early 2025, indicative of gradual liability reduction or reclassification. Total long-term liabilities mirror these changes, peaking toward the end of the data period, suggesting an overall increase in longer horizon obligations.
- Total Liabilities
- Total liabilities experience fluctuations but generally trend upwards, nearing 43,241 million USD by March 2025 from a base of 37,126 million USD in March 2020. This indicates growing overall obligations, likely driven by the increase in long-term debt and intermittent rises in current liabilities.
- Equity Components
- Shareholders’ equity displays a declining trend, especially notable after December 2021, falling from approximately 47,776 million USD in early 2020 to about 38,032 million USD by March 2025. The retained earnings component shows an irregular pattern, with values dropping dramatically around March 2023 before recovering progressively toward the end of the timeline. Accumulated other comprehensive loss deepens significantly during the reported periods, indicating adverse impacts from currency translation or other comprehensive loss items. Treasury shares’ cost increases substantially from early 2021 onward, potentially indicating significant share repurchases, which could explain reductions in total equity despite retained earnings recovery.
- Total Equity and Balance Sheet
- Total equity peaks around 49,569 million USD in December 2020 but then declines steadily to approximately 39,450 million USD by March 2025. This reduced equity base compared to rising liabilities contributes to a tightening leverage position. The total balance sheet size (liabilities and equity combined) remains relatively stable, ranging between roughly 78,000 million USD to 88,000 million USD, showing good size consistency despite internal shifts in the composition of liabilities and equity.
In summary, the data reveals a company managing intricate swings in debt and liabilities, with a noticeable trend toward increased long-term borrowing coupled with fluctuating current liabilities. The decline in shareholders’ equity, partly driven by increased treasury share repurchases and accumulated losses, may warrant careful attention regarding capital structure stability and funding strategies going forward. The overall balance sheet size remains stable, indicating maintaining operational scale despite these internal capital shifts.