Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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

Microsoft Excel
Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 23, 2024 Mar 24, 2024 Dec 24, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 25, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 26, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019
Cash and cash equivalents
Restricted cash
Marketable securities
Accounts receivable, net
Inventories
Held for sale assets
Other current assets
Current assets
Deferred tax assets
Property, plant and equipment, net
Goodwill
Other intangible assets, net
Held for sale assets
Other assets
Noncurrent assets
Total assets

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.