Stock Analysis on Net
Stock Analysis on Net

Merck & Co. Inc. (NYSE:MRK)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Paying user area

Try for free

Merck & Co. Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Apple Pay Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Merck & Co. Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Loans payable and current portion of long-term debt
Trade accounts payable
Accrued and other current liabilities
Income taxes payable
Dividends payable
Current liabilities
Long-term debt, excluding current portion
Deferred income taxes
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Common stock, $0.50 par value
Other paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Total Merck & Co., Inc. stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Current Liabilities
There is a noticeable decline in the proportion of current liabilities relative to total liabilities and equity from 29.84% in 2020 to a low of 22.21% in 2022, followed by a slight increase to 24.27% by 2024. Within current liabilities, loans payable and current portion of long-term debt exhibit a significant reduction from 7.02% in 2020 to 1.29% in 2023, then a modest rise to 2.26% in 2024. Trade accounts payable steadily decreased throughout the period, declining from 5.02% in 2020 to 3.48% in 2024. Accrued and other current liabilities show fluctuations, decreasing initially from 14.25% in 2020 to 12.97% in 2022 before increasing to 14.78% in 2023 and slightly falling to 13.4% in 2024. Income taxes payable have gradually increased each year, nearly doubling from 1.72% in 2020 to 3.34% in 2024. Dividends payable remained relatively stable, fluctuating between 1.67% and 1.86% over the years.
Noncurrent Liabilities
Noncurrent liabilities, as a percentage of total liabilities and equity, declined from 42.43% in 2020 to 35.6% in 2022, rose sharply to 40.63% in 2023, and then decreased again to 36.13% in 2024. Long-term debt excluding the current portion experienced some volatility, increasing from 27.69% in 2020 to 29.04% in 2021, declining to 26.33% in 2022, peaking at 31.58% in 2023, and reducing to 29.43% in 2024. Deferred income taxes showed an increase in 2021 to 3.26%, followed by a decrease to 0.82% in 2023 and a slight rise to 1.18% in 2024. Other noncurrent liabilities steadily decreased from 13.63% in 2020 to 5.52% in 2024.
Total Liabilities
Overall total liabilities declined significantly from 72.26% in 2020 to 57.81% in 2022, increased to 64.72% in 2023, and settled at 60.4% by 2024, indicating some degree of fluctuation but a downward trend compared to the initial period.
Stockholders’ Equity
Stockholders' equity as a percentage of total liabilities and equity increased distinctly from 27.64% in 2020 to 42.13% in 2022, before declining to 35.23% in 2023 and rebounding to 39.55% in 2024, suggesting periods of equity strengthening followed by some contraction and subsequent recovery. The retained earnings component grew from 51.71% in 2020 to 55.96% in 2022, dipped in 2023 to 50.52%, and increased again to 53.86% in 2024, mirroring the general equity trend. Other paid-in capital consistently decreased over the period from 43.22% in 2020 to 38.17% by 2024. Common stock as a proportion of total liabilities and equity showed a gradual decline from 1.95% to 1.53% during the same timeframe. Treasury stock at cost became less negative, moving from -62% in 2020 to -49.79% in 2024, indicating a reduction in treasury stock holdings relative to total liabilities and equity. The accumulated other comprehensive loss remained negative throughout but showed moderate fluctuation around -4% to -7%.
Total Equity
Total equity, including noncontrolling interests, followed a pattern similar to stockholders’ equity, rising from 27.74% in 2020 to a peak of 42.19% in 2022, then dropping to 35.28% in 2023 and recovering to 39.6% in 2024. Noncontrolling interests were negligible and showed a slight decline from 0.09% to 0.05% over the period.
Summary
The data indicates an overall shift toward strengthening equity positions through 2022, accompanied by a reduction in total liabilities particularly current liabilities and other noncurrent liabilities. The fluctuations observed in long-term debt and total liabilities suggest strategic adjustments in capital structure, possibly balancing between debt financing and equity. The steady increase in income taxes payable points to rising tax obligations over time. Changes in treasury stock and accumulated comprehensive loss reflect financial management activities influencing equity components. The trends reveal a dynamic financing structure, balancing leverage and equity to adapt to evolving financial circumstances.