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)

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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 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018
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-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), 10-K (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-30).


Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets showed an initial decline from 29.39% at the end of 2018 to a low near 5.66% in early 2022. Following this trough, the percentage generally increased again, reaching around 16.56% in late 2023, before gradually declining to approximately 9.93% by mid-2025. This illustrates a significant reduction in liquid assets over the early periods, with some recovery and subsequent volatility in the most recent periods.
Restricted cash
Restricted cash as a percentage of total assets appeared only towards the end of the reported periods, showing a minimal presence at 4.23% in the last quarter of the timeline.
Marketable securities
There was notable growth in marketable securities from under 1% in 2018 to a peak of 14.87% by early 2021. After this peak, a gradual decline ensued to about 5.19% in late 2022, followed by a renewed upward trend, reaching 12% around mid-2025. This suggests a strategy of increasing holdings in liquid marketable securities, with a temporary reduction during the middle periods.
Accounts receivable, net
The accounts receivable percentage fluctuated around a moderate range throughout the periods, starting close to 10%, dipping as low as about 5.59% in mid-2024, and fluctuating between roughly 6% and 11.5% over the timeline. This reflects periodic variation in credit sales or collection efficiencies but no persistent upward or downward trend.
Inventories
Inventory levels as a percentage of total assets generally increased over the entire period, rising from just under 5% in late 2018 to a peak near 14.18% by early 2023. Subsequently, a mild decline occurred, stabilizing around 11.55% towards mid-2025. This indicates a growing investment in inventories, suggesting either increased production or accumulation of stock over time.
Held for sale assets
Data for held-for-sale assets were sporadic, appearing mostly in later periods with minor fluctuations between 0.13% and 2.59%. Their contribution to total assets remains relatively minor throughout the reported terms.
Other current assets
Other current assets experienced an upward trend overall, from approximately 1.85% in early 2019 rising steadily to a level above 5% by mid-2025. This indicates a growing segment of current assets beyond cash, receivables, and inventories.
Current assets
The aggregate current assets showed a rise until mid-2019, reaching above 56%, followed by a fluctuating decline to a low near 39.44% in late 2022. After this, the metric gradually increased back into the mid-40% range by mid-2025. This pattern suggests shifts between liquid and non-liquid asset composition within the company's asset base across the timeline.
Deferred tax assets
Deferred tax assets as a share of total assets declined sharply from about 11.46% in late 2018 to around 3.4% in late 2021. Subsequently, a consistent upward trend occurred, climbing steadily to 11.14% by mid-2025. This reflects fluctuations in expected tax benefits or timing differences over the periods.
Property, plant and equipment, net
The proportion of PP&E remained relatively stable, hovering generally between 8% and 11%, peaking near 11.4% in mid-2021, followed by a gradual decrease to around 8.2% in mid-2025. This indicates stable investment in tangible fixed assets with some reduction in later periods.
Goodwill
Goodwill as a percentage of total assets displayed moderate fluctuations, initially near 18% to 19%, increasing sharply to above 22% around mid-2022. Afterwards, it exhibited a gradual decline to around 19.6% by mid-2025. This indicates periods of acquisitions or revaluations with some write-down or amortization effects later on.
Other intangible assets, net
Other intangible assets consistently decreased as a portion of total assets from above 8% in late 2018 to approximately 2.2% by late 2024 and mid-2025. This suggests systematic amortization or impairment reducing intangible asset balances over time.
Other assets
Other non-current assets grew notably from around 6% in late 2018 to a peak above 18% towards late 2021 before reducing steadily to about 12.3% by mid-2025. This variable trend indicates changes in miscellaneous non-current asset holdings, possibly linked to investments, deferred expenses, or other less liquid assets.
Noncurrent assets
The total percentage of noncurrent assets remained around 50%, with some variation between roughly 43% and 60%. Peaks occurred around mid-2022 to early 2023, followed by a mild decline and stabilization near 54% by mid-2025. This suggests a consistent but slightly fluctuating emphasis on long-term assets relative to total assets.
Total assets
Total assets as a reference point remain constant at 100%, serving as the basis for all relative measurements.