Common-Size Balance Sheet: Assets
Quarterly Data
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
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Based on: 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-K (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets generally fluctuated between approximately 9% and 18% from early 2019 to late 2023, showing periodic increases notably in early 2021 and 2022. A marked surge occurred starting January 2025, reaching nearly 60% of total assets by the last reported quarter, indicating a substantial increase in liquid assets.
- Short-term investments
- Data for short-term investments is only available from early 2021 onward, remaining relatively stable between 1.3% and 1.7% until early 2024, after which it trends downward to near 0.6% by early 2025, suggesting a decline in allocation to short-term securities.
- Cash, cash equivalents, and short-term investments
- This combined liquidity measure follows a similar pattern to cash alone, with increases peaking in early 2021 and 2022, and then a significant jump starting early 2025, reaching approximately 60% of total assets by January 2025, emphasizing the company's growing emphasis on highly liquid asset holdings.
- Accounts receivable, net
- The percentage of accounts receivable against total assets fluctuated notably within a range of approximately 4% to 12%. It exhibited a cyclical pattern with peaks generally occurring near the start of each year, and a visible downward trend after early 2024, reaching about 4.2% by January 2025, indicating improved receivables management or reduced credit sales.
- Inventories
- Inventories consistently maintained a minor share of total assets, fluctuating mildly between 1.6% and 3.6% throughout the period. There was a slow but steady increase through 2023 followed by a decrease in early 2025 down to about 1.7%, suggesting possible inventory optimization or shifts in sales mix.
- Prepaid and other current assets
- The proportion of prepaid and other current assets ranged from around 4% to over 9%, showing a predominantly upward trend, especially from 2022 onwards, with peaks reaching over 9% in early 2025. This increase may reflect prepayments or other current asset accumulations.
- Current assets held for sale
- Reported only from early 2024, current assets held for sale constituted approximately 8-9% of total assets, followed by missing data in the subsequent quarter, indicating potential asset disposition or reclassification activities around that time.
- Current assets
- The current assets portion of total assets remained relatively stable around 26% to 33% through 2019 to late 2023. A significant increase was observed starting early 2024, rising sharply up to over 71% by early 2025, driven largely by the increase in cash and equivalents and other liquid current assets.
- Property and equipment, net
- This category remained stable between about 2.4% and 6.7% of total assets, with a gradual declining trend from 2019 towards 2025, falling to approximately 2.4% by January 2025, indicative of asset disposals or less investment in physical assets.
- Operating lease right-of-use assets, net
- Starting in 2020, the right-of-use assets associated with operating leases represented around 4.3% to 6.4% of total assets, showing a moderate decline over time, reaching approximately 2.5% by early 2025, which may indicate lease terminations or modifications.
- Goodwill
- Goodwill as a share of total assets shows a substantial decreasing trend throughout the period, starting close to 50% in 2019 and falling consistently to about 14.6% by early 2025. This significant reduction may be due to impairment charges, asset sales, or reclassifications.
- Intangible assets, net
- Intangible assets similarly declined from around 5.2% of total assets at the beginning of the period to below 1% by early 2025, suggesting amortization, impairments, or divestitures affecting these non-physical assets.
- Deferred income taxes
- The allocation to deferred income taxes steadily increased over time from roughly 5.3% to over 10% by early 2025, reflecting growing deferred tax assets or liabilities on the balance sheet, potentially linked to changes in tax planning or timing differences.
- Other long-term assets
- This category hovered around 2.4% to 6.5% of total assets with a slight downward trend, reaching approximately 2.4% by early 2025, indicating a reduction in miscellaneous or other non-current asset holdings.
- Long-term assets
- Long-term assets collectively accounted for approximately 50% to 74% of total assets across the span of years analyzed. A notable decline occurred after 2023, dropping to just under 29% by early 2025, consistent with the reduction in goodwill, intangible assets, and property and equipment, pointing to a strategic shift away from long-term asset holdings.
- Total assets
- The total assets are consistently normalized to 100% for analytical purposes.