Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Microsoft Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Accounts payable
Short-term debt
Current portion of long-term debt
Accrued compensation
Short-term income taxes
Short-term unearned revenue
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Long-term income taxes
Long-term unearned revenue
Deferred income taxes
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock and paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 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), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).


Current liabilities
The proportion of current liabilities to total liabilities and stockholders’ equity shows fluctuations over the observed periods. It initially decreases from 21.85% in September 2018 to a low near 19.44% in December 2018, followed by periods of increase reaching a peak above 27.99% in December 2023. There is a noticeable upward trend from mid-2021 through late 2023 before a decline to around 20.3% by September 2024.
Accounts payable
Accounts payable as a percentage of total liabilities and equity gradually rises from approximately 3.3% in late 2018, reaching over 5% by mid-2022, indicating an increase in outstanding payables relative to total financing. Following this peak, it declines somewhat to around 4.2%-4.7% in 2023 and early 2024 with some volatility.
Short-term debt
Short-term debt data appear only late in the series, abruptly increasing to nearly 5.79% in September 2023, then falling to 1.31% by March 2024, after which data are missing. This suggests a short-term spike followed by a rapid reduction.
Current portion of long-term debt
This metric fluctuates notably throughout the period, with values mostly between 0.5% and 2.6%. A declining trend is apparent after March 2021, reaching lows near 0.43%-0.53% in late 2023 and early 2024, indicating reduced short-term maturities relative to the total capital base.
Accrued compensation
Accrued compensation as a percentage of total liabilities and equity varies over time, peaking near 3.01% in June 2021 before generally trending downward to below 2% by late 2024, suggesting a relative decrease in accrued employee-related liabilities.
Short-term income taxes
Values oscillate modestly, with proportions mostly between 0.5% and 1.8%. Peaks around late 2021 and 2023 indicate periodic increases in tax-related short-term liabilities, but without a clear long-term directional trend.
Short-term unearned revenue
Unearned revenue shows volatility, generally fluctuating between about 7.9% and 12.5%. There is no consistent long-term trend, but periods of higher levels around mid-2019, mid-2021, and mid-2023 suggest cycles of deferred income recognition.
Other current liabilities
This category remains relatively stable with slight upward drift, moving from approximately 3.09% in 2018 to about 4.08% by late 2024, indicating a gradual increase in miscellaneous current obligations relative to the total capital structure.
Long-term debt, excluding current portion
A marked downward trend is observed in long-term debt excluding the current portion, decreasing steadily from over 27% in 2018 to approximately 7% by 2025. This suggests a strategy of deleveraging or refinancing toward lower overall long-term indebtedness.
Long-term income taxes
This ratio declines consistently from over 11% in 2018 to less than 5% by early 2025, indicating a significant reduction in long-term tax liabilities relative to total financing.
Long-term unearned revenue
Long-term unearned revenue decreases steadily from around 1.4% to about 0.5% over the period, pointing to reduction in deferred income recognized over the long term.
Deferred income taxes
Deferred income taxes remain quite low and stable around 0.05-0.1% throughout, with a small increase near late 2023 but generally not a significant factor in the overall capital structure.
Long-term operating lease liabilities
These liabilities maintain a relatively stable proportion between 2.1% and 3.3%, indicating consistent leasing obligations without major fluctuations or trends.
Other long-term liabilities
Other long-term liabilities show a gradual increase from about 2.15% in 2018 to nearly 6.85% by late 2024, marking a rise in miscellaneous long-term obligations within the capital structure.
Total long-term liabilities
The total long-term liabilities as a share of total capital decline steadily from around 45% in 2018 to approximately 22% towards 2025, driven mostly by the decline in long-term debt and income tax liabilities partially offset by increases in other long-term liabilities.
Total liabilities
Total liabilities fall from about 66.6% of total capital in 2018 to roughly 43% by late 2024, reflecting an overall reduction in leverage and creditor claims relative to equity.
Common stock and paid-in capital
The common stock and paid-in capital percentage fluctuates gently downwards from almost 30% in late 2018 to about 19% in late 2024, indicating a moderate relative decline.
Retained earnings
Retained earnings exhibit a strong increasing trend, growing from roughly 6.7% in 2018 to over 39% by 2025. This highlights the accumulation of earnings and a strengthening of the internal equity base over time.
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income/loss fluctuates between gains and losses, beginning slightly negative, reaching a small positive peak around 2019-2020, then declining into negative territory again in subsequent periods. This indicates volatility in items such as foreign currency translation or unrealized gains/losses.
Total stockholders’ equity
Stockholders’ equity increases steadily from about 33% in 2018 to over 57% by early 2025, reflecting strengthening shareholder claims through growing retained earnings and offsetting decreases in liabilities.
Summary
Overall, the financial composition reveals a clear deleveraging trend, characterized by declining total liabilities driven by reductions in long-term debt and tax liabilities. Concurrently, equity components, especially retained earnings, grow significantly, leading to enhanced equity proportion in the capital structure. Current liabilities show more variability but tend to increase relative to total capital in certain periods. The data suggest a shift toward a stronger equity base and lower leverage over the observed time frame.