Stock Analysis on Net
Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

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Common-Size Balance Sheet: Assets
Quarterly Data

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Microsoft Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
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
Short-term investments
Cash, cash equivalents, and short-term investments
Accounts receivable, net of allowance for doubtful accounts
Inventories
Other current assets
Current assets
Property and equipment, net of accumulated depreciation
Operating lease right-of-use assets
Equity and other investments
Goodwill
Intangible assets, net
Other long-term assets
Long-term assets
Total assets

Based on: 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).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets exhibits moderate volatility over the observed periods. Initially declining from 4.7% in late 2019 to a low around 3.13%, it peaks notably at 18.05% in late 2023 before stabilizing near 4-5% toward mid-2025.
Short-term Investments
There is a clear downward trend in short-term investments as a percentage of total assets, starting from 44.28% in late 2019 and steadily declining to approximately 10-11% by mid-2025.
Cash, Cash Equivalents, and Short-term Investments Combined
The combined measure of cash, cash equivalents, and short-term investments also shows a decreasing trend over the entire time frame. Starting near 49% in late 2019, it gradually diminishes to around 14-15% by mid-2025, with some fluctuations including a temporary uptick in late 2023.
Accounts Receivable, Net
Accounts receivable as a percentage of total assets fluctuates without a clear sustained trend. It ranges between approximately 6.8% and 12%, showing spikes around mid-2020 and mid-2022, reverting back to moderate levels subsequently.
Inventories
Inventory levels remain low throughout the periods, generally below 1%, indicating minimal investment in inventories relative to total assets. There are minor fluctuations but no significant trend up or down.
Other Current Assets
This category shows a gradual increasing trend from around 2.7% in late 2019 to a peak near 5.3% by mid-2023, followed by a slight decline toward about 4.1% by mid-2025.
Current Assets Overall
Current assets as a whole decrease from about 59.5% of total assets in late 2019 to the low 30% range by mid-2025. Notably, there is a sharp fall around late 2023, correlating with the observed changes in cash and short-term investments.
Property and Equipment, Net
This asset class demonstrates a consistent upward trend, increasing steadily from approximately 13.8% in late 2019 to above 33% by mid-2025, indicating substantial investment in fixed assets.
Operating Lease Right-of-Use Assets
These assets hold a relatively stable share ranging between 2.8% and 4.3% over the periods, with minor fluctuations but no lasting trend.
Equity and Other Investments
There is gradual growth in equity and other investments, rising from roughly 1% of total assets to near 2.5% by mid-2025, showing increased allocation or appreciation in this area.
Goodwill
Goodwill proportion is generally stable in the earlier periods (~15%), then markedly increases to over 25% around late 2023, followed by a steady decline to just under 20% by mid-2025. This pattern suggests acquisition activity or impairment events during the timeline.
Intangible Assets, Net
Intangible assets show a slightly declining trend throughout the periods, starting near 2.7%, spiking significantly to over 6% around late 2023, then decreasing to approximately 3.7% by mid-2025.
Other Long-term Assets
Other long-term assets maintain a moderate increase from about 5.2% to near 7.5% by mid-2023, then slightly taper off to about 6.5% by mid-2025, indicating some variance but general stability.
Long-term Assets Total
Combined long-term assets increase as a share of total assets, rising from roughly 40.5% in late 2019 to a peak near 72% by mid-2025. The increase reflects accumulation in property, goodwill, and intangible assets, partially offsetting declines in current asset proportions.