Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

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Common-Size Balance Sheet: Assets
Quarterly Data

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Mondelēz International Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 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
Cash and cash equivalents
Trade receivables, less allowance
Other receivables, less allowance
Inventories
Other current assets
Current assets
Property, plant and equipment, net
Operating lease right-of-use assets
Goodwill
Intangible assets, net
Prepaid pension assets
Deferred income taxes
Equity method investments
Other assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 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).


The common-size balance sheet reveals a structural shift in asset composition over the analyzed period, characterized by an increase in current assets and a significant reduction in equity method investments. The overall asset profile is heavily weighted toward non-current assets, specifically intangible assets and goodwill, which together consistently constitute over 60% of total assets.

Liquidity and Working Capital Trends
Current assets exhibited a general upward trajectory, rising from 13.33% in March 2021 to a peak of 25.03% in March 2024, before stabilizing near 17.92% by March 2026. This volatility was largely driven by a sharp, temporary increase in other current assets, which spiked to 12.46% in March 2024. Trade receivables showed a steady increase from approximately 4.00% to 6.18%, suggesting a growth in credit sales or changes in collection cycles. Similarly, inventories trended upward from 3.97% to a peak of 7.14% in September 2025, indicating a higher allocation of resources toward stock holding.
Intangible Asset Stability
Goodwill and net intangible assets represent the most significant portions of the asset base. Goodwill remained relatively stable, fluctuating between 30.32% and 34.28%. Intangible assets similarly maintained a consistent range, generally staying between 25% and 28%. The stability of these figures suggests a consistent valuation of acquired brands and intellectual property relative to the total asset base.
Strategic Asset Reallocation
A notable contraction is observed in equity method investments, which plummeted from 8.92% in March 2021 to under 1% starting in December 2024. This sharp decline indicates a strategic divestment or a fundamental change in how affiliated interests are accounted for. Consequently, total non-current assets decreased from a high of 86.98% in June 2021 to approximately 82.08% by March 2026.
Fixed and Other Non-Current Assets
Property, plant, and equipment (PPE) maintained a steady presence, drifting slightly upward from 13.21% to 14.86%. Operating lease right-of-use assets remained marginal, hovering around 1%. Deferred income taxes showed a gradual decline, falling from 1.09% to 0.44% over the period, while prepaid pension assets remained stable between 1.12% and 1.77%.