Common-Size Balance Sheet: Assets
Quarterly Data
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Qualcomm Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Reportable Segments
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Based on: 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 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).
The asset structure of the organization has undergone a significant transition from a highly liquid position toward a heavier concentration of non-current assets, specifically goodwill. There is a notable shift in the composition of current assets, characterized by a reduction in cash equivalents and a substantial increase in inventory levels over the analyzed period.
- Liquidity and Cash Management
- A pronounced downward trend in cash and cash equivalents is observed, falling from a peak of 33.55% of total assets in December 2019 to a low of 5.66% by June 2022. Although a partial recovery occurred, with values fluctuating between 9% and 17% in subsequent quarters, the overall liquidity profile remains lower than the 2019 baseline. Marketable securities showed initial growth, peaking at 14.87% in March 2021, before stabilizing in the 7% to 12% range.
- Working Capital Trends
- Inventories have experienced a steady and significant expansion, rising from 4.29% of total assets in December 2019 to consistently exceeding 11% from 2022 onward, peaking at 14.18% in March 2023. Conversely, accounts receivable, net, remained relatively volatile but generally trended lower, moving from an initial range of 8% to 11% toward a narrower band of 5% to 8% in later periods.
- Non-Current Asset Composition
- The proportion of total assets held as goodwill has trended upward, increasing from 19.02% in December 2019 to a peak of 26.74% in September 2025. This is contrasted by a consistent decline in other intangible assets, which fell from 6.18% to 2.76% over the same duration, likely reflecting scheduled amortization. Property, plant, and equipment, net, remained relatively stable, though a gradual contraction is noted, moving from approximately 10% to 8.88% of the total asset base.
- Overall Balance Sheet Structure
- The distribution between current and non-current assets has shifted. Current assets, which initially comprised nearly 49% of total assets, saw a decline to a low of 39.44% in March 2023. Non-current assets subsequently grew to represent a larger portion of the balance sheet, reaching 59.55% by March 2026. A significant one-time increase in deferred tax assets to 10.45% is observed in the final reported quarter.