Name: Emerson Electric Co. (NYSE:EMR) | Common-Size Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Emerson Electric Co., common-size consolidated balance sheet: liabilities and stockholders’ equity

	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016	Sep 30, 2015	Sep 30, 2014
Short-term borrowings and current maturities of long-term debt	7.04%	7.96%	4.40%	11.88%	11.56%	10.20%
Accounts payable	9.14%	9.53%	9.07%	6.98%	10.68%	12.21%
Employee compensation	2.96%	3.08%	2.71%	1.98%	2.70%	2.92%
Customer advances (contract liabilities)	2.53%	2.22%	2.58%	1.99%	2.04%	1.88%
Product warranty	0.68%	0.61%	0.61%	0.49%	0.76%	0.80%
Other	6.80%	6.83%	6.39%	13.51%	7.58%	6.97%
Accrued expenses	12.97%	12.74%	12.29%	17.97%	13.08%	12.57%
Current liabilities	29.16%	30.23%	25.75%	36.83%	35.31%	34.97%
Long-term debt, excluding current maturities	20.87%	15.38%	19.37%	18.68%	19.42%	14.72%
Pension and postretirement liabilities	3.78%	3.07%	3.39%	4.77%	3.90%	3.30%
Deferred income taxes	1.60%	2.37%	2.17%	0.97%	1.85%	2.37%
Asbestos litigation	1.53%	1.64%	1.74%	0.24%	0.00%	0.00%
Other	2.71%	3.22%	2.81%	3.48%	2.73%	2.60%
Other liabilities	9.62%	10.29%	10.11%	9.45%	8.47%	8.26%
Noncurrent liabilities	30.48%	25.68%	29.48%	28.13%	27.89%	22.98%
Total liabilities	59.64%	55.91%	55.23%	64.96%	63.20%	57.95%
Common stock, $0.50 par value	2.33%	2.34%	2.44%	2.19%	2.16%	1.97%
Additional paid-in capital	1.92%	1.71%	1.52%	0.94%	0.77%	0.67%
Retained earnings	118.06%	113.15%	112.28%	99.88%	96.47%	82.17%
Accumulated other comprehensive loss	-8.40%	-4.98%	-5.20%	-9.19%	-7.32%	-2.38%
Cost of common stock in treasury	-73.74%	-68.34%	-66.53%	-59.01%	-55.49%	-40.58%
Common stockholders’ equity	40.17%	43.88%	44.50%	34.81%	36.59%	41.85%
Noncontrolling interests in subsidiaries	0.20%	0.21%	0.27%	0.23%	0.21%	0.20%
Total equity	40.36%	44.09%	44.77%	35.04%	36.80%	42.05%
Total liabilities and equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

Based on: 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), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

Short-term borrowings and current maturities of long-term debt: Displayed an initial increase from 10.2% in 2014 to a peak of 11.88% in 2016, followed by a sharp decline to 4.4% in 2017. Subsequent years showed a moderate rise, stabilizing around 7% by 2019.
Accounts payable: Exhibited a decreasing trend from 12.21% in 2014 to 6.98% in 2016, then rebounded to a range of approximately 9% between 2017 and 2019.
Employee compensation: Gradually declined from 2.92% in 2014 to 1.98% in 2016, before increasing steadily and peaking at 3.08% in 2018, with a slight decrease to 2.96% in 2019.
Customer advances (contract liabilities): Remained relatively stable with minor fluctuations, ranging between 1.88% and 2.58%, reaching its highest point in 2017.
Product warranty: Showed a gentle decline from 0.8% in 2014 to 0.49% in 2016, then a gradual increase to 0.68% by 2019.
Other (current liabilities): Presented volatility, peaking sharply at 13.51% in 2016, and then decreasing to levels near 7% from 2017 onwards.
Accrued expenses: Rose notably from 12.57% in 2014 to 17.97% in 2016, followed by a decline stabilizing around 13% in later years.
Current liabilities: Maintained a generally high proportion around 35% during 2014 to 2016, with a marked drop to 25.75% in 2017, then a partial recovery to about 29% by 2019.
Long-term debt, excluding current maturities: Displayed an upward trend from 14.72% in 2014 to 19.42% in 2015, a slight drop in 2018 to 15.38%, then a rise to 20.87% in 2019, indicating increased leverage.
Pension and postretirement liabilities: Increased from 3.3% in 2014 to a peak of 4.77% in 2016, subsequently declining to around 3% before a slight uptick to 3.78% in 2019.
Deferred income taxes: Generally declined from 2.37% in 2014 to a low of 0.97% in 2016, with some recovery to 2.37% in 2018, followed by a drop to 1.6% in 2019.
Asbestos litigation: Absent before 2016, it emerged at 0.24%, increasing significantly to 1.74% in 2017, then slightly declining to approximately 1.5% through 2019.
Other (noncurrent liabilities): Showed a gradual increase from 2.6% in 2014 to a peak of 3.48% in 2016, then a slight decline stabilizing around 2.7%-3.2% in subsequent years.
Other liabilities (noncurrent): Consistently increased from 8.26% in 2014 to 10.29% in 2018, with a minor decrease to 9.62% by 2019.
Noncurrent liabilities: Rose steadily from 22.98% in 2014 to a peak of 29.48% in 2017, before decreasing to 25.68% in 2018 and climbing again to 30.48% in 2019.
Total liabilities: Increased from 57.95% in 2014, peaking at 64.96% in 2016, then declined sharply to 55.23% in 2017, with moderate recovery reaching 59.64% in 2019.
Common stock, $0.50 par value: Experienced a modest upward trend from 1.97% in 2014 to 2.44% in 2017, followed by slight decreases through 2019.
Additional paid-in capital: Exhibited a steady increase from 0.67% in 2014 to 1.92% in 2019, suggesting incremental equity contributions.
Retained earnings: Displayed a continuous and substantial growth from 82.17% in 2014 to 118.06% in 2019, indicating strong accumulated profitability.
Accumulated other comprehensive loss: Widened from -2.38% in 2014 to a low point of -9.19% in 2016, improved to around -5% in 2017 and 2018, then worsened again to -8.4% in 2019, reflecting volatility in unrealized gains and losses.
Cost of common stock in treasury: Consistently increased in negative value from -40.58% in 2014 to -73.74% in 2019, indicating growing amounts of treasury stock held.
Common stockholders’ equity: Declined from 41.85% in 2014 to a low of 34.81% in 2016, then rose sharply to 44.5% in 2017, followed by a gradual decrease to 40.17% by 2019.
Noncontrolling interests in subsidiaries: Remained relatively stable, fluctuating minimally around 0.2%-0.27% over the period.
Total equity: Followed a similar pattern to common stockholders’ equity, decreasing from 42.05% in 2014 to 35.04% in 2016, increasing to 44.77% in 2017, and then declining to 40.36% in 2019.
Total liabilities and equity: Consistently balanced at 100%, confirming the proportional nature of liabilities and equity components throughout the periods.

Download chart