Common-Size Balance Sheet: Assets
Quarterly Data
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- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
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Pfizer Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-29), 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: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets exhibited moderate fluctuations over the periods, generally remaining below 1.5%. It peaked at 1.46% during October 2023 but showed a notable decline in early 2024, reaching as low as 0.33% by March 2024 before slightly recovering to 0.79% in June 2025. This suggests a cautious liquidity management approach with periodic adjustments reflecting operational or investment cash needs.
- Short-term Investments
- This category displayed considerable volatility across the time frame. Starting at roughly 5% of total assets in early 2020, it surged notably to a peak of 19.15% in July 2023 and sustained a high level around 19.08% in October 2023. Subsequently, it declined sharply to around 4.34% by December 2023, with moderate fluctuations thereafter. These swings suggest strategic reallocations between short-term investment holdings and potentially liquid assets or other uses.
- Restricted Short-term Investments
- Data was sparse for restricted short-term investments, only evident in mid-2020, hovering around 6.4%. Their limited presence and lack of recent data may indicate a reduced emphasis or reclassification of such assets.
- Trade Accounts Receivable, Net
- Trade receivables as a percentage of total assets showed a slight upward trend from around 5.9% in early 2020 to a peak near 8.27% by October 2022, before dropping to mid-single digits in subsequent periods. The figures stabilized between roughly 5% and 6% toward mid-2025, signaling relatively stable credit management and consistent receivables relative to asset size.
- Inventories
- Inventory percentages demonstrated relative steadiness, mostly fluctuating between 4.5% and 5.5% of total assets. Slight increases were seen around early 2022 and mid-2025, but no significant trend emerged, indicating consistent inventory levels balanced with operational requirements.
- Current Tax Assets
- Current tax assets fluctuated modestly, remaining between 1.3% and 2.3% of total assets over the evaluation period. A downward trend was noted in 2022, with some recovery in 2024 and 2025. The variations imply changes in tax position or timing differences in tax payments and recoverable amounts.
- Other Current Assets
- This category showed initial stability but spiked during mid-2022, reaching above 3% of total assets, before declining again to approximately 1.3% by mid-2025. The increase may relate to accrued expenses or prepaid items fluctuating in line with business activity.
- Current Assets Overall
- The total current assets as a share of total assets varied markedly. Peaks occurred in late 2021 and mid-2023, approaching or exceeding 34%, while dips were observed in early 2024 around 19%. These variations are reflective of the changing composition and balance of cash, receivables, short-term investments, and other current items.
- Equity-method Investments
- A downward trajectory characterized equity-method investments, decreasing from over 9% in early 2020 to negligible levels near 0.1% by early 2025. This marked reduction may suggest divestitures, impairments, or reclassifications away from equity-method accounting.
- Long-term Investments
- Long-term investments as a percentage of total assets declined gradually over the period from around 1.6% to below 1% by late 2024 and mid-2025. This trend aligns with a strategic shift reducing long-term invested assets or reallocations within the asset base.
- Property, Plant, and Equipment (Net)
- The proportion allocated to property, plant, and equipment remained relatively stable, generally hovering around 8% throughout the periods, with minor fluctuations. This suggests a steady level of tangible fixed assets relative to total assets, reflecting consistent capital investment or depreciation rates.
- Identifiable Intangible Assets (Net)
- This item showed considerable volatility. It declined from approximately 20.7% in early 2020 to a low near 13.9% by late 2021, then surged unexpectedly to nearly 29% by the end of 2023. Subsequently, it modestly receded but remained elevated around 25-28%. The sharp increase may indicate acquisitions or revaluations, substantially impacting intangible asset composition.
- Goodwill
- Goodwill as a portion of total assets generally declined from above 35% in early 2020 to roughly 23-24% during 2022 and early 2023. From late 2023 onward, goodwill rebounded to levels above 30%, reaching approximately 33.5% by mid-2025. These variations likely correspond to impairments, acquisitions, or changes in asset valuations.
- Noncurrent Deferred Tax Assets and Other Noncurrent Tax Assets
- This category increased substantially over the evaluation period, from around 1.3% to above 5% of total assets by mid-2025, indicating a growing balance of deferred tax assets possibly due to tax timing differences or anticipated tax benefits.
- Other Noncurrent Assets
- Other noncurrent assets climbed from about 2.5% to over 6.6% by late 2022, followed by a gradual decline to near 4.6% by mid-2025. This pattern reflects changes in longer-term asset holdings outside the primary investment and property classifications.
- Noncurrent Assets Overall
- The share of noncurrent assets showed significant fluctuations, declining from approximately 79% in early 2020 to near 63-65% during 2022, then increasing sharply to 80-82% from late 2023 through 2025. This overall pattern aligns with the large swings seen in intangibles, goodwill, and deferred tax assets, indicating shifts in the long-term asset portfolio.
- Total Assets
- By definition, the total assets percentage remained constant at 100% throughout the data horizon, serving as the basis for all ratio calculations.