Stock Analysis on Net
Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Qualcomm Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Mar 29, 2026 Dec 28, 2025 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
Trade accounts payable 5.20 5.11 5.57 4.26 4.48 4.64 4.69 4.90 4.35 4.12 3.75 3.56 2.96 5.12 7.74 7.98 8.41 8.23 6.67 6.99 6.86 6.48 6.32 6.33 6.45 5.19
Payroll and other benefits related liabilities 2.40 2.84 3.67 2.89 2.25 2.56 3.33 3.37 2.36 3.37 3.30 3.15 2.54 2.92 3.03 3.36 2.54 3.36 3.71 3.88 2.67 3.07 2.96 3.16 2.19 2.84
Unearned revenues 0.57 0.71 0.71 0.52 0.42 0.38 0.54 0.50 0.48 0.40 0.57 0.51 0.57 0.58 0.75 0.98 1.21 1.41 1.48 1.59 1.58 1.44 1.60 1.70 1.66 1.54
Short-term debt 0.87 0.00 0.00 0.00 2.47 2.46 2.47 2.59 1.72 1.75 1.79 1.87 1.03 2.89 3.97 4.14 7.87 4.77 4.96 5.27 1.35 1.33 1.40 1.55 7.82 7.54
Held for sale liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.64 0.65 0.61 1.34 1.29 1.19 1.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other current liabilities 8.06 9.86 8.29 6.55 7.62 7.87 8.02 7.12 8.29 7.30 8.80 7.57 7.83 7.35 7.53 7.26 10.30 10.89 12.16 11.83 11.95 12.29 12.09 11.75 12.48 10.66
Current liabilities 17.09% 18.52% 18.24% 14.22% 17.24% 17.91% 19.04% 18.48% 17.20% 17.59% 18.86% 17.27% 16.26% 20.16% 24.21% 25.16% 30.32% 28.66% 28.98% 29.56% 24.40% 24.61% 24.36% 24.48% 30.60% 27.77%
Unearned revenues 0.12 0.15 0.14 0.17 0.15 0.14 0.16 0.20 0.25 0.18 0.19 0.19 0.22 0.21 0.29 0.38 0.51 0.60 0.88 1.23 1.51 1.72 2.14 2.67 3.03 3.20
Long-term debt 25.85 27.94 29.54 26.95 23.94 23.77 24.06 25.01 27.35 27.94 28.38 29.65 32.02 30.85 27.62 28.92 27.53 32.01 33.22 35.32 40.99 40.64 42.78 47.71 42.11 40.58
Held for sale liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.07 0.07 0.24 0.22 0.24 0.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other liabilities 9.19 9.89 9.79 9.06 8.60 9.81 9.10 9.53 9.17 9.99 10.21 10.63 10.53 10.95 10.88 11.13 11.55 12.26 12.79 12.80 13.12 13.34 13.65 14.91 14.72 14.82
Noncurrent liabilities 35.16% 37.97% 39.47% 36.19% 32.69% 33.72% 33.32% 34.74% 36.78% 38.19% 38.85% 40.55% 43.00% 42.23% 39.04% 40.71% 39.60% 44.87% 46.89% 49.35% 55.62% 55.70% 58.56% 65.29% 59.86% 58.60%
Total liabilities 52.26% 56.49% 57.71% 50.40% 49.92% 51.63% 52.36% 53.22% 53.98% 55.77% 57.72% 57.82% 59.27% 62.39% 63.25% 65.87% 69.92% 73.53% 75.87% 78.91% 80.03% 80.31% 82.93% 89.77% 90.47% 86.37%
Preferred stock, $0.0001 par value; none outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock and paid-in capital, $0.0001 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.00 0.96 0.16 0.00 0.00 0.40 0.00 0.00 0.00 0.00 0.00 0.00 0.30 1.65 0.35 0.00 0.00
Retained earnings 47.08 42.42 41.17 48.40 49.36 47.88 46.57 46.02 45.07 43.28 40.62 41.15 39.87 37.02 36.40 33.67 29.60 26.33 23.82 20.62 19.22 18.61 14.85 9.53 9.36 13.22
Accumulated other comprehensive income (loss) 0.66 1.08 1.12 1.20 0.71 0.49 1.06 0.75 0.82 0.95 0.70 0.88 0.86 0.59 -0.04 0.46 0.49 0.14 0.31 0.47 0.76 0.78 0.58 0.35 0.17 0.41
Stockholders’ equity 47.74% 43.51% 42.29% 49.60% 50.08% 48.37% 47.64% 46.78% 46.02% 44.23% 42.28% 42.18% 40.73% 37.61% 36.75% 34.13% 30.08% 26.47% 24.13% 21.09% 19.97% 19.69% 17.07% 10.23% 9.53% 13.63%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

A significant transformation in the capital structure is evident over the analyzed period, characterized by a systematic shift from debt-reliance toward equity-based financing. Total liabilities, which initially represented 86.37% of the total balance sheet in December 2019, experienced a consistent downward trajectory, reaching a low of 49.92% by March 2024 before stabilizing around 52.26% by March 2026. Conversely, stockholders' equity grew from 13.63% to 47.74% over the same timeframe, indicating a substantial strengthening of the solvency position.

Debt Deleveraging Trends
A marked reduction in long-term debt is observed, falling from a peak of 47.71% in June 2020 to 25.85% by March 2026. This trend suggests a strategic effort to reduce long-term leverage. Short-term debt exhibited higher volatility, fluctuating between 0.87% and 7.87%, but generally maintained a lower relative weight in the latter half of the period compared to the initial quarters.
Equity Growth and Internal Funding
The expansion of stockholders' equity was driven primarily by retained earnings, which increased from 13.22% in December 2019 to 47.08% in March 2026. This steady accumulation indicates strong profitability and a preference for reinvesting earnings into the business rather than relying on external debt or issuing new shares, as common stock and paid-in capital remained a negligible percentage of the total balance sheet.
Current Liabilities and Operational Obligations
Current liabilities decreased from a range of 27% to 30% in 2019-2021 to approximately 17% by 2026. Trade accounts payable showed variability, peaking at 8.41% in March 2022 before declining to 5.20% by March 2026. Unearned revenues also saw a consistent decline, moving from 3.20% at the start of the period to 0.12% at the conclusion, suggesting a change in the timing of revenue recognition or a shift in contract structures.
Noncurrent Liabilities and Other Obligations
Noncurrent liabilities followed the general deleveraging trend, decreasing from a high of 65.29% in June 2020 to 35.16% by March 2026. Other liabilities remained relatively stable, though they trended slightly downward from 14.82% in December 2019 to 9.19% in March 2026, contributing to the overall reduction in the total liability ratio.

The overall financial profile evolved from a highly leveraged position to a more balanced and equity-funded structure. The consistent growth in retained earnings relative to the total balance sheet suggests enhanced financial stability and a reduced risk profile regarding long-term debt obligations.

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