Stock Analysis on Net
Stock Analysis on Net

Emerson Electric Co. (NYSE:EMR)

This company has been moved to the archive! The financial data has not been updated since April 24, 2020.

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

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

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Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Short-term borrowings and current maturities of long-term debt 17.23 9.40 7.04 8.81 12.11 16.25 7.96 13.97 9.26 10.54 4.40 7.03 1.46 1.45 11.88 14.58 14.85 15.82 11.56 13.55 14.62 14.69 10.20 11.85 10.93 8.12
Accounts payable 7.01 7.81 9.14 8.37 8.21 8.78 9.53 8.04 8.10 8.04 9.07 8.31 7.92 7.64 6.98 10.10 9.83 9.63 10.68 10.24 10.48 10.40 12.21 10.53 10.36 10.05
Accrued expenses 12.33 12.83 12.97 11.99 11.55 11.88 12.74 11.93 12.68 12.60 12.29 12.34 12.45 14.64 17.97 13.02 12.91 12.61 13.08 11.64 13.08 12.33 12.57 11.60 10.88 11.30
Current liabilities 36.57% 30.05% 29.16% 29.17% 31.86% 36.91% 30.23% 33.94% 30.05% 31.18% 25.75% 27.68% 21.83% 23.73% 36.83% 37.70% 37.59% 38.06% 35.31% 35.42% 38.18% 37.42% 34.97% 33.98% 32.17% 29.46%
Long-term debt, excluding current maturities 18.24 19.04 20.87 20.34 17.97 12.93 15.38 15.26 16.97 17.00 19.37 19.57 22.09 21.84 18.68 18.40 18.66 18.76 19.42 18.28 14.25 13.86 14.72 14.19 15.76 15.89
Other liabilities 10.35 10.82 9.62 9.19 9.49 9.65 10.29 9.50 9.84 9.58 10.11 11.41 9.45 10.05 9.45 7.88 8.16 8.40 8.47 8.79 8.52 8.44 8.26 8.54 8.84 9.53
Noncurrent liabilities 28.59% 29.87% 30.48% 29.53% 27.45% 22.58% 25.68% 24.76% 26.80% 26.58% 29.48% 30.98% 31.54% 31.89% 28.13% 26.27% 26.83% 27.16% 27.89% 27.08% 22.77% 22.30% 22.98% 22.73% 24.60% 25.42%
Total liabilities 65.17% 59.91% 59.64% 58.70% 59.32% 59.49% 55.91% 58.71% 56.85% 57.76% 55.23% 58.65% 53.37% 55.62% 64.96% 63.98% 64.42% 65.21% 63.20% 62.50% 60.95% 59.72% 57.95% 56.71% 56.77% 54.89%
Common stock, $0.50 par value 2.20 2.26 2.33 2.24 2.26 2.33 2.34 2.33 2.41 2.40 2.44 2.46 2.76 2.73 2.19 2.16 2.19 2.21 2.16 2.03 2.08 2.01 1.97 1.90 1.96 1.98
Additional paid-in capital 2.09 2.12 1.92 1.82 1.80 1.84 1.71 1.62 1.63 1.54 1.52 1.80 1.95 1.75 0.94 0.91 0.87 0.83 0.77 0.69 0.75 0.68 0.67 0.88 0.82 2.19
Retained earnings 112.53 114.78 118.06 111.54 111.41 113.82 113.15 110.61 112.48 111.18 112.28 112.36 125.58 124.29 99.88 97.74 98.37 99.05 96.47 89.37 90.20 84.58 82.17 78.67 79.41 79.12
Accumulated other comprehensive loss -8.77 -7.47 -8.40 -4.77 -4.40 -5.15 -4.98 -5.33 -4.18 -5.00 -5.20 -8.12 -9.78 -11.62 -9.19 -7.08 -7.27 -8.06 -7.32 -4.50 -5.54 -3.69 -2.38 -0.21 -0.53 -0.61
Cost of common stock in treasury -73.42 -71.78 -73.74 -69.76 -70.61 -72.52 -68.34 -68.16 -69.42 -68.09 -66.53 -67.45 -74.17 -73.00 -59.01 -57.94 -58.82 -59.43 -55.49 -50.30 -48.66 -43.49 -40.58 -38.15 -38.63 -38.16
Common stockholders’ equity 34.62% 39.91% 40.17% 41.07% 40.46% 40.32% 43.88% 41.07% 42.92% 42.04% 44.50% 41.06% 46.34% 44.15% 34.81% 35.78% 35.34% 34.60% 36.59% 37.29% 38.83% 40.10% 41.85% 43.08% 43.03% 44.52%
Noncontrolling interests in subsidiaries 0.21 0.18 0.20 0.23 0.22 0.20 0.21 0.23 0.23 0.20 0.27 0.29 0.30 0.23 0.23 0.24 0.23 0.19 0.21 0.21 0.22 0.18 0.20 0.21 0.20 0.59
Total equity 34.83% 40.09% 40.36% 41.30% 40.68% 40.51% 44.09% 41.29% 43.15% 42.24% 44.77% 41.35% 46.63% 44.38% 35.04% 36.02% 35.58% 34.79% 36.80% 37.50% 39.05% 40.28% 42.05% 43.29% 43.23% 45.11%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

The capital structure of the organization exhibits a gradual shift toward higher leverage over the analyzed period, with total liabilities generally increasing from 54.89% in December 2013 to 65.17% by March 2020. This trend is mirrored by a corresponding decrease in total equity, which declined from 45.11% to 34.83% over the same timeframe, indicating a strategic shift in the financing mix.

Liability Composition and Debt Management
Current liabilities represent a significant portion of the total funding, fluctuating between 21.83% and 38.18%. A notable volatility is observed in short-term borrowings and current maturities of long-term debt, which dropped sharply to 1.45% in December 2016 before rising again to 17.23% by March 2020. Long-term debt, excluding current maturities, remained relatively stable, typically ranging between 13% and 22% of total liabilities and equity, suggesting a consistent reliance on long-term credit facilities.
Equity Dynamics and Shareholder Returns
The equity section is characterized by a substantial expansion of retained earnings and an aggressive treasury stock program. Retained earnings grew from 79.12% in December 2013 to peaks exceeding 120% in late 2016 and 2017. Simultaneously, the cost of common stock in treasury increased significantly in negative terms, moving from -38.16% to -73.42% by March 2020. This pattern indicates that a vast majority of accumulated earnings were utilized to repurchase shares, thereby reducing the overall equity base as a percentage of total assets.
Other Comprehensive Income and Noncurrent Obligations
Accumulated other comprehensive loss showed a general deepening trend, reaching a peak negative value of -11.62% in December 2016, which suggests periodic impacts from currency translation or investment valuations. Noncurrent liabilities, driven primarily by long-term debt and other liabilities, fluctuated between 22% and 31%, maintaining a stable presence in the long-term funding structure.

Overall, the financial profile reveals a company that aggressively returns capital to shareholders through share repurchases while maintaining a balanced but fluctuating level of short-term and long-term debt. The increase in the total liabilities-to-equity ratio suggests a transition toward a more leveraged capital structure by the end of the period.

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