Stock Analysis on Net
Stock Analysis on Net

Becton, Dickinson & Co. (NYSE:BDX)

This company has been moved to the archive! The financial data has not been updated since May 5, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Becton, Dickinson & Co., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016
Short-term debt 0.93 1.31 2.53 4.83 0.54 3.91
Accounts payable 3.33 2.51 2.11 2.05 2.11 2.60
Accrued expenses 5.46 4.88 4.11 4.18 3.69 6.16
Salaries, wages and related items 2.25 1.84 1.91 1.69 2.05 2.72
Income taxes 0.33 0.26 0.27 0.64 0.47 1.07
Liabilities held for sale 0.00 0.00 0.00 0.00 0.00 0.74
Current liabilities 12.30% 10.80% 10.92% 13.39% 8.86% 17.20%
Long-term debt, excluding current portion 31.76 31.89 34.93 35.05 49.47 41.23
Long-term employee benefit obligations 2.28 2.66 2.46 1.96 3.10 5.16
Deferred income taxes and other liabilities 9.70 10.65 10.96 10.66 4.26 6.58
Noncurrent liabilities 43.74% 45.20% 48.35% 47.67% 56.83% 52.97%
Total liabilities 56.04% 56.00% 59.28% 61.05% 65.69% 70.17%
Preferred stock 0.00 0.00 0.00 0.00 0.01 0.00
Common stock, $1 par value 0.68 0.68 0.67 0.64 0.92 1.30
Capital in excess of par value 35.78 35.68 31.43 30.01 25.49 18.34
Retained earnings 25.67 23.68 24.95 23.37 34.75 49.74
Deferred compensation 0.04 0.04 0.04 0.04 0.05 0.08
Common stock in treasury, at cost -14.34 -11.36 -11.96 -11.58 -22.33 -32.10
Accumulated other comprehensive loss -3.88 -4.72 -4.41 -3.54 -4.57 -7.54
Shareholders’ equity 43.96% 44.00% 40.72% 38.95% 34.31% 29.83%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).

Between 2016 and 2021, a significant structural shift in the capital composition is observed, characterized by a consistent reduction in total liabilities and a corresponding increase in shareholders' equity. Total liabilities declined from 70.17% of the total balance sheet in 2016 to 56.04% by 2021, while shareholders' equity grew from 29.83% to 43.96% over the same period. This indicates a strategic move toward a more equity-financed capital structure and a reduction in financial leverage.

Noncurrent Liabilities and Long-Term Debt
Noncurrent liabilities exhibited a downward trend, decreasing from 52.97% in 2016 to 43.74% in 2021. This decline was primarily driven by the reduction in long-term debt, which peaked at 49.47% in 2017 before trending downward to 31.76% in 2021. Conversely, deferred income taxes and other liabilities saw an increase, rising from 6.58% in 2016 to a peak of 10.96% in 2019, eventually settling at 9.70% in 2021.
Current Liabilities and Short-Term Obligations
Current liabilities generally contracted from 17.20% in 2016 to 12.30% in 2021. Short-term debt showed significant volatility, dropping from 3.91% in 2016 to a low of 0.93% by 2021. Accounts payable remained relatively stable but showed a slight upward trajectory, increasing from 2.60% in 2016 to 3.33% in 2021. Accrued expenses fluctuated throughout the period, ending at 5.46% in 2021, up from 6.16% in 2016.
Shareholders' Equity Composition
The internal composition of equity underwent a substantial transformation. Retained earnings decreased sharply as a percentage of the total balance sheet, falling from 49.74% in 2016 to 25.67% in 2021. This was offset by a marked increase in capital in excess of par value, which rose from 18.34% in 2016 to 35.78% in 2021. Additionally, the impact of treasury stock, which represents a contra-equity account, decreased from -32.10% in 2016 to -14.34% in 2021, effectively increasing the net equity position.
Other Comprehensive Factors
Accumulated other comprehensive loss showed a general trend of improvement, moving from -7.54% in 2016 to -3.88% in 2021, suggesting a reduction in the unrealized losses impacting the equity base. Long-term employee benefit obligations also trended downward, decreasing from 5.16% in 2016 to 2.28% in 2021.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.

How can I help you?