Common-Size Balance Sheet: Assets
Quarterly Data
Oracle Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-08-31), 10-K (reporting date: 2026-05-31), 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31).
The asset composition shows a fundamental structural shift from a liquidity-heavy profile toward a capital-intensive infrastructure model. Over the analyzed period, there is a pronounced transition where current assets decrease as a proportion of total assets, while non-current assets, specifically fixed assets, expand significantly.
- Liquidity and Cash Position
- A substantial reduction in liquid assets is evident. Combined cash and marketable securities represented approximately 37.23% of total assets in August 2020, falling sharply to a low of 5.72% by November 2022. While cash equivalents recovered slightly to 11.99% by August 2026, marketable securities underwent a near-total depletion, dropping from 13.21% in 2020 to 0.23% by the end of the period.
- Fixed Asset Expansion
- There is a dramatic upward trend in Property, Plant and Equipment (PP&E). This item grew from 5.64% of total assets in August 2020 to 42.16% by August 2026. This trajectory indicates a massive reallocation of capital toward physical infrastructure, suggesting a strategic shift toward ownership of hard assets.
- Intangible Assets and Goodwill
- Goodwill exhibited a non-linear trend, initially increasing from 38.63% in August 2020 to a peak of 47.88% in November 2022. Subsequently, a consistent decline is observed, with Goodwill falling to 20.53% by August 2026. This reduction is likely a result of both the expansion of the rest of the asset base and potential impairment charges.
- Deferred Tax and Other Non-Current Assets
- Deferred tax assets saw a gradual decline from a peak of 12.41% in November 2021 to 3.83% by August 2026. Other non-current assets showed significant volatility, peaking at 17.90% in August 2022 before contracting sharply to 3.93% by August 2026.
- Recent Asset Reclassifications
- The emergence of Operating Lease Right-of-Use assets in May 2026, representing 11.34% of total assets, indicates a recent change in leasing strategy or accounting presentation that further diversifies the non-current asset portfolio.
In summary, the balance sheet has evolved from being dominated by cash and goodwill to being primarily driven by property, plant, and equipment. The total weight of current assets dropped from 43.98% in August 2020 to 18.34% in August 2026, reflecting a diminished reliance on short-term liquidity in favor of long-term operational capacity.
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