Stock Analysis on Net
Stock Analysis on Net

Monolithic Power Systems Inc. (NASDAQ:MPWR)

This company has been moved to the archive! The financial data has not been updated since May 5, 2025.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Monolithic Power Systems Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable 2.83 2.59 2.99 5.24 3.16
Accrued compensation and related benefits 1.77 2.31 4.29 3.95 3.79
Dividends and dividend equivalents 1.68 2.37 2.05 2.04 2.19
Stock rotation and sales returns 0.58 0.77 0.73 0.36 0.50
Other 1.29 1.61 2.75 2.72 2.53
Other accrued liabilities 3.54% 4.76% 5.52% 5.13% 5.21%
Current liabilities 8.14% 9.65% 12.79% 14.31% 12.16%
Income tax liabilities 1.80 2.49 2.60 3.01 3.07
Deferred compensation plan liabilities 2.59 3.32 3.15 3.50 4.00
Dividend equivalents 0.14 0.09 0.33 0.53 0.65
Long-term operating lease liabilities 0.36 0.23 0.08 0.21 0.14
Other 0.00 0.00 0.00 0.00 0.00
Other long-term liabilities 3.08% 3.64% 3.56% 4.24% 4.79%
Long-term liabilities 4.89% 6.14% 6.16% 7.25% 7.86%
Total liabilities 13.03% 15.79% 18.96% 21.56% 20.02%
Common stock and additional paid-in capital, $0.001 par value 19.54 46.42 47.37 50.65 54.42
Retained earnings 68.77 38.90 34.80 26.79 24.72
Accumulated other comprehensive income (loss) -1.34 -1.11 -1.12 1.00 0.84
Stockholders’ equity 86.97% 84.21% 81.04% 78.44% 79.98%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

The capital structure of the organization exhibits a progressive shift toward equity financing and a reduction in total liabilities over the five-year period ending December 31, 2024. Total liabilities declined from 20.02% of total liabilities and stockholders’ equity in 2020 to 13.03% by 2024, reflecting a strengthened solvency position and a reduced reliance on external obligations.

Liability Composition and Trends
Current liabilities experienced a notable contraction, decreasing from 12.16% in 2020 to 8.14% in 2024. This trend was driven largely by reductions in accrued compensation and related benefits, which fell from 3.79% to 1.77%, and other accrued liabilities, which decreased from 5.21% to 3.54%. Long-term liabilities followed a similar downward trajectory, declining from 7.86% in 2020 to 4.89% in 2024, indicating a systematic reduction in long-term financial obligations.
Equity Evolution and Funding Sources
Stockholders’ equity increased its share of the total balance sheet from 79.98% in 2020 to 86.97% in 2024. A significant internal shift occurred within the equity components; common stock and additional paid-in capital dropped sharply from 54.42% in 2020 to 19.54% in 2024. Conversely, retained earnings grew substantially from 24.72% to 68.77% over the same period. This transition indicates that the company's growth is increasingly funded through accumulated operational profits rather than through the issuance of new shares.
Comprehensive Income and Minor Obligations
Accumulated other comprehensive income transitioned from a positive 0.84% in 2020 to a negative 1.34% in 2024, suggesting an accumulation of unrealized losses over time. Minor liability items, such as dividend equivalents and stock rotation returns, remained relatively marginal, although dividend equivalents saw a marked decrease from 0.65% to 0.14%.

The overarching trend is one of increasing financial autonomy. The simultaneous decrease in total liabilities and the aggressive growth of retained earnings as a percentage of the total balance sheet suggest a highly sustainable capital structure characterized by low leverage and strong internal capital generation.

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