Stock Analysis on Net
Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Starbucks Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 28, 2026 Mar 29, 2026 Dec 28, 2025 Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Jan 1, 2023 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Jan 2, 2022 Oct 3, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Assets held for sale
Current assets
Long-term investments
Equity investments
Property, plant and equipment, net
Operating lease, right-of-use asset
Deferred income taxes, net
Other long-term assets
Other intangible assets
Goodwill
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-06-28), 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: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-Q (reporting date: 2023-01-01), 10-K (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-Q (reporting date: 2022-01-02), 10-K (reporting date: 2021-10-03), 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 asset composition of the organization demonstrates a heavy reliance on non-current assets, which consistently represent the majority of the total asset base. Throughout the analyzed period, the balance sheet remains dominated by operating lease right-of-use assets and property, plant, and equipment, reflecting a capital-intensive business model centered on physical store locations.

Liquidity and Current Asset Trends
Current assets typically fluctuate between 21% and 31% of total assets. A notable peak in liquidity occurred in late 2021, where cash and cash equivalents reached 20.56% of total assets, followed by a gradual normalization toward the 10-12% range. A significant anomaly is observed between December 2025 and March 2026, where current assets surged to a peak of 37.30%. This spike was driven primarily by the emergence of assets held for sale, which peaked at 16.50% in March 2026, indicating a strategic divestiture or reorganization of specific business units.
Inventory and Working Capital Management
Inventories have exhibited a general upward trend as a percentage of total assets, rising from approximately 5.08% in December 2019 to 7.81% by June 2026. This suggests an increase in the proportion of capital tied up in stock. Accounts receivable have remained relatively stable, generally oscillating between 3% and 4.6%, indicating consistent credit management practices relative to the total asset size.
Fixed and Operational Assets
Property, plant, and equipment, net, showed a gradual increase from 23.05% in 2019 to a peak of 27.88% in January 2023, before stabilizing around 24.71% by mid-2026. Operating lease right-of-use assets represent the largest single asset category, consistently remaining between 25% and 30% of total assets. This stability underscores the critical role of leased real estate in the company's operational infrastructure.
Intangible Assets and Goodwill
There is a pronounced downward trend in the weight of intangible assets. Goodwill, which began at 12.68% in December 2019, declined steadily to 4.38% by June 2026. Similarly, other intangible assets fell from 2.67% to 0.61% over the same period. This contraction suggests significant amortization or impairment of acquired intangible values over time.
Long-term Asset Structure
Long-term assets generally comprise between 68% and 79% of the total balance sheet. The most significant deviation occurred in December 2025 and March 2026, where long-term assets dropped to 62.70% and 65.44%, respectively. This shift correlates directly with the reclassification of assets into the "held for sale" category, momentarily altering the balance between current and non-current asset allocations.