Stock Analysis on Net
Stock Analysis on Net

Shockwave Medical Inc. (NASDAQ:SWAV)

This company has been moved to the archive! The financial data has not been updated since May 6, 2024.

Common-Size Balance Sheet: Assets 
Quarterly Data

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

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Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents 17.14 20.96 33.79 17.98 35.87 24.24 26.86 23.95 17.78 25.81 30.50 30.49 21.19 18.54 76.70 75.97 55.77 59.95 28.61 28.56 87.64
Short-term investments 45.48 42.27 28.44 14.89 17.35 22.89 25.83 29.96 36.21 32.33 30.69 32.74 44.75 55.85 0.00 4.56 21.42 24.28 54.13 56.68 0.00
Accounts receivable, net 7.57 7.31 6.70 12.28 10.76 11.05 13.50 14.33 12.84 10.83 10.02 9.03 7.29 4.30 3.82 2.22 3.54 3.18 4.03 3.57 2.50
Inventory 6.77 6.87 6.59 11.71 10.63 11.63 14.50 14.39 14.33 12.43 12.96 13.08 12.46 10.98 10.29 8.15 7.21 5.21 6.69 5.65 4.45
Prepaid expenses and other current assets 0.64 0.80 1.03 1.16 0.82 1.28 2.39 1.74 2.03 1.30 1.46 1.37 0.94 0.88 1.08 1.08 1.58 0.82 1.59 1.33 1.59
Current assets 77.59% 78.21% 76.57% 58.02% 75.43% 71.08% 83.07% 84.38% 83.19% 82.71% 85.63% 86.71% 86.64% 90.54% 91.88% 91.98% 89.52% 93.43% 95.06% 95.79% 96.18%
Operating lease right-of-use assets 2.12 1.90 2.06 3.96 4.04 5.01 6.96 6.24 7.18 7.95 3.94 2.47 2.68 2.78 2.79 2.83 3.85 3.80 1.56 1.63 1.68
Property and equipment, net 4.79 4.40 4.21 7.60 6.90 7.45 8.25 7.73 7.49 7.05 7.72 7.77 7.52 6.01 4.73 4.62 5.93 2.12 2.98 2.21 1.78
Equity method investment 0.14 0.10 0.12 0.32 0.34 0.54 0.96 1.07 1.59 1.73 2.14 2.44 2.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Intangible assets, net 5.59 5.93 6.36 12.04 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
Goodwill 2.41 2.53 2.70 5.06 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
Deferred tax assets 6.81 6.33 7.42 12.04 12.50 15.10 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
Other assets 0.55 0.60 0.56 0.97 0.78 0.81 0.76 0.57 0.55 0.56 0.56 0.61 0.66 0.67 0.59 0.56 0.70 0.65 0.40 0.37 0.36
Noncurrent assets 22.41% 21.79% 23.43% 41.98% 24.57% 28.92% 16.93% 15.62% 16.81% 17.29% 14.37% 13.29% 13.36% 9.46% 8.12% 8.02% 10.48% 6.57% 4.94% 4.21% 3.82%
Total assets 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: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Cash and cash equivalents
The proportion of cash and cash equivalents as a percentage of total assets shows significant volatility over the analyzed periods. It begins extremely high at 87.64% in early 2019, declines substantially below 30% for much of 2019 and early 2020, spikes again to around 75% mid-2020, and then declines steadily afterward, remaining mostly below 36% through 2023 and early 2024. These fluctuations suggest variability in liquidity management and potential shifts in investment or operational strategy.
Short-term investments
Starting with a high proportion exceeding 50% in 2019 mid-year periods, short-term investments show a decline toward mid-2020 (falling below 5%), then recover and fluctuate between approximately 15% and 55% over subsequent quarters through 2024. The data indicates a dynamic reallocation between cash and short-term investments, reflecting adaptive asset management.
Accounts receivable, net
This category exhibits an upward trend from 2.5% in early 2019 to a peak near 14.33% in mid-2022, before decreasing gradually in later periods. The rising accounts receivable percentage indicates growing sales on credit or slower collections, which could impact cash flow management.
Inventory
The share of inventory steadily increases from 4.45% in early 2019, peaking around 14.5% in late 2022, followed by a moderate decline to approximately 6.77% by early 2024. The overall increase suggests accumulation of stock over the years, potentially positioning for higher sales or reflecting slower turnover in recent periods.
Prepaid expenses and other current assets
This item fluctuates within a narrow range, generally below 2.5%, with slight increases during 2021 and early 2022 and decreasing afterward. The variations represent routine asset management without a clear directional trend.
Current assets
Current assets as a percentage of total assets decrease gradually from over 96% in early 2019 to around 77% in early 2024, indicating a shift of asset composition away from current assets toward noncurrent assets over time.
Operating lease right-of-use assets
These assets peak notably at 7.95% in late 2021, representing increased lease obligations or recognition of right-of-use assets, and subsequently decline steadily to approximately 2.12% by early 2024, signaling changes in lease arrangements or asset capitalization policies.
Property and equipment, net
The net property and equipment percentage rises from around 1.78% in early 2019 to a high near 8.25% in late 2022, then declines to under 5% in early 2024. This pattern reflects capital expenditures and potential asset disposals or revaluations.
Equity method investment
Beginning data on equity method investments appear from 2021, declining steadily from 2.51% to nearly 0.14% by early 2024. This downward trend could indicate divestitures, impairments, or changes in associated investments.
Intangible assets, net
Intangible assets emerge in late periods, reaching above 12% in early 2023, then decline to about 5.6% by early 2024. The initial high may indicate recent acquisitions or capitalizations followed by amortization or impairments.
Goodwill
Goodwill is recorded only in recent quarters, starting above 5% in early 2023 and decreasing slightly to about 2.41% by early 2024, consistent with acquisition activity followed by possible write-downs or reallocations.
Deferred tax assets
Deferred tax assets appear in 2022, peaking near 15% and declining to approximately 6.8% by early 2024. This trend may reflect changes in tax positions, valuation allowances, or timing differences.
Other assets
Other assets remain consistently low, fluctuating narrowly around 0.5% to 1% throughout the entire period, indicating stability in these miscellaneous asset components.
Noncurrent assets
Noncurrent assets as a proportion of total assets increase from below 4% in early 2019 to a peak near 29% in late 2022, before moderating to around 22% in early 2024. This trend indicates a strategic shift toward higher long-term asset investments.
Total assets
Total assets are normalized as 100% throughout all periods, serving as a baseline for evaluating compositional changes described above.