Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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Microchip Technology Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).
- Accounts Payable
- The proportion of accounts payable to total liabilities and stockholders’ equity exhibits a generally increasing trend over the period analyzed, rising from 1.94% in 2017 to 2.13% in 2022, despite a dip observed around 2019.
- Accrued Compensation and Benefits
- This item shows a consistent upward trajectory from 1.06% in 2018 to 1.32% in 2022, indicating an increasing share in the company’s total liabilities and equity structure since data was first reported.
- Income Taxes Payable
- Income taxes payable as a percentage of total liabilities and stockholders’ equity has increased notably from 0.22% in 2020 to 0.75% in 2022, displaying greater relative liabilities associated with income taxes.
- Sales Related Reserves
- Introduced into reporting in 2019, sales related reserves have gradually increased, moving from 2.00% in 2019 to 2.52% in 2022, pointing to a growing allocation for potential sales contingencies.
- Current Portion of Operating Lease Liabilities
- This liability component shows a slight decline from 0.26% in 2020 to 0.21% in 2022, reflecting marginally decreasing short-term operating lease obligations.
- Accrued Expenses and Other Liabilities
- The relative weight of accrued expenses and other liabilities first decreased from 2.76% in 2017 to a low of 1.18% in 2021, then rose to 1.71% in 2022, showing variability but no strong directional trend.
- Accrued Liabilities
- Accrued liabilities grew steadily during the period, moving from 2.76% in 2017 to 6.51% in 2022, indicating a rising accumulation of liabilities related to accrued expenses or obligations.
- Deferred Income on Shipments to Distributors
- Data was only available for 2017 and 2018 where it showed a slight increase from 3.81% to 4.04%, after which no data was reported.
- Current Portion of Long-Term Debt
- The current portion of long-term debt showed significant volatility, peaking at 15.86% in 2018, declining to 3.49% in 2020, then increasing again before data ceased in 2022.
- Current Liabilities
- Current liabilities as a share of total liabilities and equity peaked sharply in 2018 at 24.43%, dropped to 8.64% in 2022, exhibiting a downward trend over the latter years analyzed.
- Long-Term Debt Excluding Current Maturities
- This category fluctuated notably, starting at 37.73% in 2017, decreasing sharply in 2018 to 21.3%, then rising to over 46% thereafter, stabilizing around 47.45% in 2022, signifying a resurgence and maintenance of significant long-term debt.
- Long-Term Income Tax Payable
- The relative long-term tax payable amount increased markedly from 2.41% in 2017 to 9.14% in 2018, then declined and stabilized around 4.35% by 2022.
- Long-Term Deferred Tax Liability
- This liability shrank considerably over the period, falling from 5.32% in 2017 to a negligible 0.25% in 2022, indicating a reduction in deferred tax liabilities.
- Other Long-Term Liabilities
- Other long-term liabilities remained relatively steady with a slight increase from 2.83% in 2017 to 2.93% in 2022.
- Long-Term Liabilities
- The total of long-term liabilities demonstrated fluctuations but generally remained a dominant component of total liabilities and equity, peaking at 58.55% in 2020 and settling at 54.98% in 2022.
- Total Liabilities
- Total liabilities as a portion of total financing increased from 57.45% in 2017 to a peak of 71.19% in 2019, then generally declined to 63.61% in 2022, reflecting a reduction in total liabilities’ share relative to equity in recent years.
- Common Stock and Preferred Stock
- Common stock remained consistent at 0%, with no preferred stock reported during the period.
- Additional Paid-in Capital
- This equity component decreased significantly from 33.01% in 2017 to 14.58% in 2021, with a minor rebound to 15.65% in 2022, suggesting changes in capital contributions or stock issuance effects.
- Common Stock Held in Treasury
- The percentage of common stock held in treasury became less negative over time, moving from -9.52% in 2017 to -4.92% in 2022, indicating a reduction in treasury stock relative to total liabilities and equity.
- Accumulated Other Comprehensive Loss
- This element remained relatively stable, with small fluctuations around -0.2% to -0.11%, indicating minor changes in comprehensive loss over time.
- Retained Earnings
- Retained earnings showed a clear increasing trend from 19.25% in 2017 to 25.77% in 2022, suggesting accumulating profitability or lower dividend payouts enhancing the company’s reserves.
- Stockholders’ Equity
- Stockholders’ equity as a percentage of total liabilities and equity decreased from 42.55% in 2017 to a low of 28.81% in 2019 but recovered to 36.39% in 2022, reflecting equity fluctuations amid changing liability proportions.
- Total Liabilities and Stockholders’ Equity
- The total consistently sums to 100%, confirming completeness of the reported financial structure over the period analyzed.