Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Eaton Corp. plc pages available for free this week:
- Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
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Eaton Corp. plc, consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-03-31), 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 overall asset trajectory demonstrates a period of steady growth followed by a significant expansion in the first quarter of 2026. Total assets increased from 34.08 billion USD in March 2021 to 41.25 billion USD by December 2025, before surging to 55.08 billion USD in March 2026. This final increase is primarily attributed to a substantial rise in intangible assets and goodwill, indicating a major strategic acquisition or business combination.
- Working Capital and Current Asset Trends
- Current assets exhibit a consistent upward trend, rising from 9.90 billion USD in March 2021 to 14.00 billion USD by March 2026. This growth is driven largely by accounts receivable and inventory. Accounts receivable more than doubled over the period, increasing from 3.06 billion USD to 6.36 billion USD, while inventory grew from 2.39 billion USD to 5.14 billion USD. Such patterns suggest significant scaling of operations and an increase in the volume of business activity.
- Liquidity and Cash Management
- Cash and short-term investments show notable volatility, suggesting active treasury management. A significant liquidity spike occurred in March 2024, where cash reserves reached 1.77 billion USD. However, short-term investments have seen a general decline from a peak of 2.12 billion USD in December 2023 to 186 million USD by March 2026, indicating a shift in how liquid assets are deployed or utilized for investment purposes.
- Fixed Asset Investment
- Net property, plant, and equipment (PPE) have increased steadily from 2.92 billion USD in March 2021 to 4.57 billion USD in March 2026. Gross PPE grew from 7.54 billion USD to 10.31 billion USD during the same period, while accumulated depreciation rose from 4.62 billion USD to 5.74 billion USD. This indicates a consistent long-term commitment to expanding production capacity and upgrading physical infrastructure.
- Intangible Assets and Strategic Growth
- Noncurrent assets remained relatively stable until a sharp increase in the final reported quarter. Goodwill increased from 15.76 billion USD in December 2025 to 21.40 billion USD in March 2026. Simultaneously, other intangible assets experienced a dramatic rise from 5.05 billion USD to 11.25 billion USD. The combined impact of these changes accounts for the majority of the total asset growth in early 2026, reflecting a significant shift in the company's asset composition toward intangible value.