Oracle Corp. (NYSE:ORCL)

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.