Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Analysis of Debt
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Based on: 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets exhibited a declining trend from late 2019 to mid-2022, reaching a notable trough around 5.66% in September 2022. Post this low, there was a gradual recovery with fluctuations, culminating near 11% by the second quarter of 2025. This suggests a period of reduced liquidity followed by partial rebuilding of cash reserves.
- Restricted Cash
- Data on restricted cash emerged only in mid-2024, representing a modest portion of total assets around 4.2% to 4.6%, indicating a recent shift in asset composition.
- Marketable Securities
- Marketable securities as a share of total assets increased sharply from less than 1% in late 2019 to a peak near 14.87% by the first quarter of 2021. Thereafter, a steady decline occurred until mid-2023, stabilizing around 5% to 9% through 2025. This pattern suggests a reallocation of short-term investments over the period.
- Accounts Receivable, Net
- The accounts receivable component demonstrated considerable fluctuations, with an early spike to over 11% by the end of 2019 and late 2020. Subsequently, a general downward drift took place, bottoming around 5.6%–6.7% in 2024 before a slight rebound to over 8% by mid-2025, reflecting variability in credit sales or collection efficiency.
- Inventories
- Inventories showed a consistent upward trend from approximately 4.3% to a high exceeding 14% by early 2023, followed by a gradual decline but remaining elevated above 11% towards mid-2025. This sustained increase may point to growing stock levels or accumulation of finished goods.
- Held for Sale Assets
- Recognized intermittently, held for sale assets peaked near 2% in 2022 and diminished sharply thereafter, approaching negligible amounts by 2024, indicating disposal or reclassification of these assets.
- Other Current Assets
- Other current assets rose moderately from under 2% in late 2019 to over 5% by the second quarter of 2025, showing an overall increase in miscellaneous current asset components.
- Current Assets
- Total current assets as a percentage of total assets fluctuated around the 45% to 50% range with a dip during 2022, notably falling to just above 40%, before recovering to exceed 50% by mid-2025. This pattern indicates changes in asset liquidity composition.
- Deferred Tax Assets
- Deferred tax assets increased steadily from approximately 3.8% of total assets in 2019 to a peak above 11% by late 2024 before dropping sharply to 1.48% in mid-2025, suggesting tax-related asset recognition followed by reversals or utilizations.
- Property, Plant and Equipment, Net
- These assets remained fairly stable around 9% to 11% of total assets with a mild declining trend from early 2023 toward 7.9%–9.4%, reflecting possible asset disposals or depreciation outpacing additions.
- Goodwill
- Goodwill's share of total assets was relatively stable in the 16% to 22% range, showing peaks around 22.8% during 2022 and gradual declines thereafter but rising again toward 22.7% by mid-2025, indicative of consistent acquisition activity or revaluation effects.
- Other Intangible Assets, Net
- Other intangible assets decreased steadily from over 6% in late 2019 to around 2% to 3% by 2025, reflecting amortization or impairment impacts on intangible asset values.
- Other Assets
- The category of other assets remained fairly stable around 12% to 18%, with a peak near 18% in late 2020 and gradual decline to approximately 12% by mid-2025, suggesting conservative management of miscellaneous long-term assets.
- Noncurrent Assets
- Noncurrent assets as a percent of total showed a decreasing trend from just above 52% in early 2020 to below 49% by late 2025, reflecting a relative shift towards current assets over time.
- Total Assets
- Total assets are consistently normalized to 100%, serving as the basis for relative analysis of asset composition changes.