Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Eaton Corp. plc, common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Short-term debt
Current portion of long-term debt
Accounts payable
Accrued compensation
Liabilities held for sale
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Pension liabilities
Other postretirement benefits liabilities
Noncurrent operating lease liabilities
Deferred income taxes
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Ordinary shares
Capital in excess of par value
Retained earnings
Accumulated other comprehensive loss
Shares held in trust
Total Eaton shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 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), 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).


Short-term Debt
The short-term debt as a percentage of total liabilities and equity shows a highly variable pattern, with values generally low and often close to zero. Notable spikes occurred in June 2021 (9.16%) and a significant increase is again observed in March 2025 (2.05%), suggesting occasional reliance on short-term borrowing, but overall short-term debt remains a small fraction of the capital structure.
Current Portion of Long-term Debt
This item fluctuates considerably, with peaks around mid-2020 (approx. 4%) and late 2021 (5.1%). There are intermittent dips to very low levels such as June 2021 (0.02%). Post-2021, current portions stabilize around 1.5% to 4.3%. The pattern reflects variability in repayment schedules or refinancing activities over the periods analyzed.
Accounts Payable
Accounts payable demonstrate a steady upward trend, increasing from 5.79% in March 2020 to a peak of 9.58% by December 2024, indicating a growing reliance on supplier or vendor financing over time.
Accrued Compensation
Accrued compensation remains relatively stable, fluctuating slightly around 1%, but with some periodic increases up to 1.75%. There is no significant long-term trend, but occasional increases suggest variances in payroll accruals or bonuses.
Liabilities Held for Sale
Data is only available for early periods, showing a consistent proportion near 1.4%-1.5%, after which values are missing. Likely, the company ceased holding liabilities for sale or reclassified them.
Other Current Liabilities
This category shows a mild upward trend from about 5.97% to over 7.4%, pointing to a gradual increase in various miscellaneous short-term obligations.
Current Liabilities
Current liabilities as a whole exhibit variability, with an increase from around 16% in early 2020 to a peak above 25% during 2022 Q2, followed by a decline and stabilization around 20%-24%. The pattern implies fluctuations in short-term obligations, possibly due to working capital management or short-term financing changes.
Long-term Debt, Excluding Current Portion
Long-term debt decreased from 25.42% in March 2020 to a trough near 17.86% in June 2022, followed by moderate fluctuations around 20%-24%. By March 2025, it declined again to 19.41%, suggesting a partial deleveraging over the long term.
Pension Liabilities
Pension liabilities decline steadily over the timeline, from over 4.2% to approximately 1.87% by early 2025, indicating a reduction in pension obligations or improved funding status.
Other Postretirement Benefits Liabilities
This liability item shows a consistent decrease from 1.04% to 0.41%, reflecting a possible reduction in postretirement benefit obligations over the observed periods.
Noncurrent Operating Lease Liabilities
There is a gradual increase in noncurrent operating lease liabilities from roughly 1.08% to a peak of 1.74%, stabilizing near that level, suggesting incremental long-term lease commitments.
Deferred Income Taxes
Deferred income taxes show a declining trend overall, beginning around 1.15% and decreasing to below 0.7% in early 2025, possibly indicating changes in deferred tax assets/liabilities or tax planning strategies.
Other Noncurrent Liabilities
Other noncurrent liabilities remain fairly stable, fluctuating modestly around 4%, without any evident long-term trend.
Noncurrent Liabilities Total
Total noncurrent liabilities drop from approximately 37.65% to around 28.4% by March 2025, marking a significant reduction in long-term obligations excluding current portions.
Total Liabilities
Total liabilities fluctuate between approximately 50.38% and 58.02%, with peaks in mid-2021 and troughs in late 2021 and early 2023, reflecting shifting leverage and capital structure adjustments.
Equity Components
Ordinary Shares
Remain stable at roughly 0.01%, indicating no dilution or recapitalization effects in share capital.
Capital in Excess of Par Value
Shows a gradual decline from nearly 40% to about 32.4%, suggesting either share repurchases, dilution, or other capital structure changes affecting equity surplus.
Retained Earnings
There is a general upward trend in retained earnings from 22.7% to a peak near 27.5%, indicating accumulated profitability or retained profits over time.
Accumulated Other Comprehensive Loss
This item improves from a negative 16.1% to a lower negative figure near -10.8%, implying reduced losses or improved valuation of comprehensive income components.
Shares Held in Trust
Values remain negligible and stable near zero throughout, suggesting minimal impact on equity from treasury share activity.
Total Eaton Shareholders’ Equity
The shareholders’ equity experiences some volatility, dropping from about 46.2% in early 2020 to a low near 41.9% in mid-2021, then recovering and generally increasing to about 50.1% by mid-2024 before slightly decreasing again. This indicates a period of compressed equity capitalization followed by recovery.
Noncontrolling Interests
Noncontrolling interests remain very stable, slightly below 0.15%, indicating minimal impact on overall equity mix.
Total Equity
Total equity follows a similar pattern as shareholders’ equity, with fluctuations between 41.98% and 50.15%, reflecting changes in retained earnings, capital surplus, and other comprehensive income.
Overall Capital Structure
The sum of liabilities and equity consistently totals 100%, as expected. The data depicts a dynamic capital structure, with a gradual shift towards increased equity proportion from mid-2021 to mid-2024 and a reduction in noncurrent liabilities during the same period. Current liabilities remain variable but do not exhibit a strong upward or downward trend over the long term. Long-term debt portrays a modest deleveraging trend, supported by declining pension and postretirement liabilities, and moderate increases in accounts payable and other current liabilities reflect operational financial management adjustments.