Common-Size Balance Sheet: Assets
Quarterly Data
Abbott Laboratories, common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 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).
The composition of assets exhibited several notable shifts over the period examined, from March 31, 2021, to December 31, 2025. Current assets, while consistently representing a significant portion of the total, demonstrated a fluctuating pattern. Long-term assets, conversely, maintained a relatively stable presence, though with a marked increase towards the end of the observed timeframe.
- Liquidity and Current Assets
- Cash and cash equivalents generally increased from 11.07% to a peak of 13.28% in December 2021, before declining to 9.83% by September 2023, and stabilizing around 8-10% thereafter. Short-term investments showed a similar pattern, peaking at 0.60% in December 2021 and decreasing to 0.26% by September 2025. Trade receivables remained relatively stable, fluctuating between approximately 8.3% and 9.7%, with a slight upward trend in the latter half of the period. Inventories consistently represented around 7-9% of total assets, with a noticeable increase to over 9% in 2023, before decreasing again. Overall, current assets as a percentage of total assets peaked at 33.63% in June 2022, then gradually decreased to 29.98% by December 2025.
- Fixed Assets and Long-Term Investments
- Net property and equipment consistently accounted for approximately 12-14% of total assets, showing a gradual increase over the period. Accumulated depreciation and amortization as a percentage of total assets increased steadily from -13.55% to -16.49% before stabilizing. Intangible assets experienced a consistent decline, decreasing from 19.48% in March 2021 to 6.37% in December 2025. Goodwill followed a similar downward trajectory, falling from 32.13% to 27.72% over the same period. Investments remained relatively stable, fluctuating around 1% of total assets. Deferred income taxes and other assets increased significantly, rising from 5.14% to 21.24% by December 2025, contributing to the overall increase in long-term assets.
- Overall Asset Composition
- The proportion of long-term assets increased from 70.03% in March 2021 to 70.02% in December 2025, with a significant jump to 70.94% in December 2024, driven primarily by the increase in deferred income taxes and other assets. This suggests a potential shift in asset allocation towards less liquid, longer-term holdings. The decrease in intangible assets and goodwill, coupled with the increase in deferred tax assets, indicates a possible restructuring or reassessment of long-term value drivers.
In summary, the asset composition demonstrates a dynamic interplay between current and long-term holdings. While current assets experienced fluctuations, the long-term asset base showed a more pronounced shift, particularly with the substantial increase in deferred income taxes and other assets, and the decline in intangible assets and goodwill.
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