Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
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Qualcomm Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
- Liabilities Trend
- Over the observed periods, the proportion of total liabilities relative to total liabilities and stockholders' equity has steadily decreased from 85.10% in 2019 to 52.36% in 2024. This indicates a notable reduction in reliance on liabilities to finance the company’s assets or operations.
- Current Liabilities
- Current liabilities as a percentage of total liabilities and stockholders' equity declined from 27.11% in 2019 to 19.04% in 2024, reaching a trough at 18.86% in 2023. This downward trend suggests improved management or reduction of short-term obligations. Among current liabilities, trade accounts payable initially rose from 4.15% in 2019 to a peak of 7.74% in 2022, before declining to 4.69% in 2024. Payroll and other benefits related liabilities remained relatively stable, hovering around 3%. Unearned revenues showed a consistent decline overall, reducing from 1.71% in 2019 to 0.54% in 2024. Short-term debt exhibited volatility, with a notable decrease after 2019 and minor fluctuations thereafter.
- Noncurrent Liabilities
- Noncurrent liabilities have experienced a marked decrease from 57.99% in 2019 to 33.32% in 2024. Long-term debt, the major component within this category, was 40.77% in 2019 and reduced substantially to 24.06% by 2024. Other noncurrent liabilities similarly declined from 13.7% to 9.1% across the same timeframe.
- Stockholders’ Equity
- Stockholders’ equity has progressively increased from 14.90% in 2019 to 47.64% in 2024, reflecting strengthening equity financing and potentially enhanced retained earnings or other equity components. Retained earnings were the most significant contributor, rising sharply from 13.55% in 2019 to 46.57% in 2024. Accumulated other comprehensive income showed minor fluctuations but had a positive trend, moving from a low of -0.04% in 2022 to 1.06% in 2024. Common stock and paid-in capital showed inconsistency with data gaps, thus limited conclusions can be drawn regarding its trend.
- Specific Observations
- Customer incentives and other customer-related liabilities fluctuated modestly, peaking in 2020 at 4.84%, decreasing thereafter and increasing again in 2024 to 4.5%. Income taxes payable experienced considerable variability, increasing notably to 3.36% in 2023 before decreasing to 1.96% in 2024. The category labeled as "Other" in various liabilities categories generally declined over time, contributing to the overall reduction in liabilities.
- Overall Interpretation
- The company appears to have progressively deleveraged from 2019 to 2024, reflected in the significant reduction of total liabilities and growth in equity proportions. The decrease in both current and noncurrent liabilities, coupled with an increase in retained earnings, indicates improved financial stability and self-financing capacity. These trends suggest a strategic shift toward strengthening equity positions and reducing debt and short-term obligations, which may improve financial flexibility and reduce financial risk in the longer term.