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.
Based on: 10-Q (reporting date: 2026-06-30), 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 asset profile of the organization exhibits a significant long-term contraction, characterized by a substantial reduction in total assets from 245,164 million US dollars in March 2021 to 127,672 million US dollars by June 2026. This downward trajectory is most pronounced between late 2021 and mid-2024, after which the balance sheet appears to have entered a phase of relative stabilization.
- Current Asset Contraction and Liquidity
- Current assets experienced a sharp decline, falling from 113,198 million US dollars in March 2021 to 39,697 million US dollars in June 2026. A primary driver of the early peak was the presence of assets held for sale, which stood at 33,922 million US dollars in early 2021 before being largely eliminated. Cash and cash equivalents followed a similar downward trend, decreasing from a high of 31,783 million US dollars to approximately 9,345 million US dollars by the end of the observed period, indicating a leaner liquidity position.
- Inventory and Receivables Management
- Inventories remained relatively stable through 2023, fluctuating around 16,000 to 17,000 million US dollars, before dropping significantly in June 2024 to 9,469 million US dollars. A gradual recovery is observed thereafter, reaching 12,440 million US dollars by June 2026. Current receivables showed a similar pattern, peaking in late 2022 at 17,976 million US dollars, dropping sharply in mid-2024, and subsequently recovering toward 12,360 million US dollars.
- Non-Current Asset Devaluation
- Non-current assets declined from 131,966 million US dollars in March 2021 to 87,975 million US dollars in June 2026. This reduction is heavily influenced by a significant decrease in goodwill, which dropped from over 25,000 million US dollars in 2021 to approximately 8,954 million US dollars by June 2026. Similarly, property, plant, and equipment (net) saw a consistent reduction, falling from 16,296 million US dollars to 8,135 million US dollars, suggesting a systemic divestment of physical and intangible assets.
- Asset Base Stabilization
- Following a period of volatility and steep declines, the total asset base shows signs of leveling off starting in June 2024. From the low of 123,190 million US dollars in June 2024, assets increased modestly to 127,672 million US dollars by June 2026. This stability is mirrored in the non-current asset category, which remained consistently between 85,000 and 89,000 million US dollars during the final eight quarters of the data set.
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