Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Qualcomm Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
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 balance sheet exhibits a significant strengthening of the equity position alongside a relatively stable liability profile over the analyzed period. While total liabilities have remained within a consistent range, stockholders' equity has experienced substantial growth, driven primarily by the accumulation of retained earnings.
- Liability Structure and Trends
- Total liabilities have fluctuated between approximately 27.6 billion and 31.5 billion US dollars. Current liabilities peaked in March 2022 at 13.4 billion US dollars before stabilizing. A notable pattern is observed in trade accounts payable, which grew steadily from 2019 to early 2022, declined sharply in early 2023, and subsequently recovered. Noncurrent liabilities have remained largely dominated by long-term debt, which consistently fluctuates between 12.2 billion and 15.5 billion US dollars, indicating a stable long-term borrowing strategy.
- Debt Management and Liquidity
- Short-term debt demonstrates high volatility, characterized by periods of minimal balances (500 million US dollars) interspersed with spikes, such as the 3.5 billion US dollar peak in March 2022. This suggests tactical use of short-term financing to manage working capital or liquidity requirements. Unearned revenues have shown a general downward trend, decreasing from peaks above 600 million US dollars to levels typically below 400 million US dollars in later periods.
- Equity Growth and Retained Earnings
- Stockholders' equity has grown aggressively, rising from 4.5 billion US dollars in December 2019 to a peak of 27.7 billion US dollars by March 2024, before experiencing a temporary dip in September 2025 and recovering to 27.3 billion US dollars by March 2026. This expansion is almost entirely attributable to retained earnings, which grew from 4.4 billion US dollars to 26.9 billion US dollars. This trend indicates a strong capacity for internal capital generation and a strategy of reinvesting profits back into the organization.
- Overall Solvency Profile
- The relationship between total liabilities and stockholders' equity indicates a marked improvement in solvency. As liabilities remained relatively flat, the surge in equity has reduced the company's reliance on external debt relative to its own capital. The total liabilities and stockholders' equity figure expanded from 33.1 billion US dollars in 2019 to 57.1 billion US dollars by March 2026, reflecting a significant increase in the overall size of the balance sheet driven by equity accumulation rather than debt expansion.