Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Oracle Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 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), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31).
The analysis of the quarterly financial data reveals several notable trends concerning the composition of liabilities and stockholders' equity as a percentage of total liabilities and stockholders’ equity over the observed periods.
- Current Liabilities
- Current liabilities exhibit fluctuation throughout the periods, starting at 17.77% in August 2019, declining to a low of 14.82% in November 2019, then rising notably to 26.72% by August 2022. Post this peak, there is a general downward trend, stabilizing between approximately 17% and 22% in the most recent quarters. This indicates variability in short-term obligations relative to total capital structure.
- Notes Payable and Other Borrowings (Current)
- This component of current liabilities moves irregularly, with a low around 1.01% in November 2019 and a significant jump to 12.35% by August 2022. Subsequent periods show a decrease and stabilization around 4% to 7%, suggesting episodic changes in short-term borrowing or similar obligations.
- Notes Payable and Other Borrowings (Non-Current)
- Non-current borrowings form the largest share of the liabilities section, accounting for over 50% consistently. Beginning at 47.72% in August 2019, this percentage climbs to a peak of 68.7% in November 2021. From then, it trends downward to approximately 50.66% by May 2025, reflecting adjustments in long-term debt obligations or refinancing activities.
- Income Taxes Payable
- Income taxes payable fluctuate mildly, starting at 12.71% and showing a gradual decrease to about 6.10% by May 2025. This reduction suggests lower current income tax liabilities relative to the company's total capital base over time.
- Deferred Tax Liabilities
- Deferred tax liabilities appear from May 2021 onward, initially at 6.68%, then decreasing steadily to 0.97% by May 2025, indicating a reduction in tax-related deferred obligations.
- Other Non-Current Liabilities
- Other non-current liabilities show a gradual upward trend, from roughly 3.90% in August 2019 to 10.43% by May 2025, suggesting an increase in long-term obligations other than debt and deferred tax.
- Total Liabilities
- Total liabilities increased from 82.10% in August 2019, peaking at 109.03% in November 2021, implying liabilities exceeded total stockholders’ equity during that quarter. Subsequently, there is a consistent decline, reaching 87.55% by May 2025, reflecting an improving balance between liabilities and equity.
- Stockholders’ Equity
- Stockholders’ equity undergoes a significant variation over the periods. Initially, total stockholders’ equity was 17.90% of the total, then declined sharply to a negative value of -9.03% in November 2021, indicating a deficit. From this nadir, equity recovers steadily, reaching 12.45% by May 2025, signaling restoration of positive equity levels. The accumulated deficit component, negative throughout, shows consistent improvement from -31.88% in August 2021 to -9.20% in May 2025, contributing positively to the equity recovery.
- Common Stock and Additional Paid-in Capital
- This equity component remains relatively stable, ranging mostly between 20% to 27%, with a slight declining trend from high values in 2019 to about 22% in recent periods, indicating modest changes in contributed capital.
- Accumulated Other Comprehensive Loss
- This line item, while negative, shows a gradual reduction in losses—from approximately -1.74% to -0.70%—indicating a slight improvement in comprehensive loss position over time.
In summary, the data depicts a company undergoing periods of heightened liabilities surpassing equity, followed by a recovery phase where equity levels improve and liabilities decrease proportionately. The fluctuations in short-term and long-term borrowings suggest strategic refinancing or changing capital needs. Improved accumulated deficit and comprehensive loss figures indicate a positive trend in retained earnings and other comprehensive income aspects. Overall, the financial structure appears to become more balanced and stable toward the end of the analyzed timeframe.