Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Aggregate Accruals
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Procter & Gamble Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).
The analysis of the quarterly financial data reveals several notable trends and patterns regarding the company's liabilities and shareholders' equity composition over the observed periods.
- Accounts Payable
- Accounts payable as a percentage of total liabilities and shareholders' equity showed a general upward trend, increasing from around 8.65% in late 2018 to a peak of approximately 12.77% in late 2022, before slightly declining to about 11.8% by the first quarter of 2025. This indicates a growing reliance on short-term obligations to suppliers and creditors over time.
- Accrued and Other Liabilities
- Accrued and other liabilities gradually increased from 7.15% to a maximum near 9.27% during 2020, followed by some fluctuation but generally stabilizing around 8% through most recent periods. This suggests relatively stable accrued expenses and miscellaneous liabilities.
- Debt Due Within One Year
- This component exhibited considerable volatility: it fluctuated between roughly 5.88% and 12.15%, peaking in late 2022. The variations reflect adjustments in short-term debt obligations with some periods showing marked reductions in short-term borrowings.
- Current Liabilities
- Current liabilities increased overall, reaching a peak at around 32.92% at mid-2022 before declining somewhat but remaining elevated near 28% in recent quarters. The trend highlights a growing portion of liabilities due within a year, consistent with the behavior in accounts payable and short-term debt.
- Long-term Debt Excluding Current Portion
- Long-term debt remained relatively stable but showed a slight upward trend from about 17.5% up to around 20.6% by mid-2024, indicating cautious leveraging over the long term. The debt ratio fluctuated but generally maintained a level near 19-20% in the most recent periods.
- Deferred Income Taxes and Other Noncurrent Liabilities
- Deferred income taxes fluctuated modestly between 5% and 6%, with slight increases toward later periods. Meanwhile, other noncurrent liabilities steadily declined from above 8% in 2018 down to approximately 4.4% in early 2025, indicating a reduction in miscellaneous long-term liabilities.
- Total Liabilities
- Total liabilities as a percentage of total liabilities and shareholders' equity generally increased from about 55.7% in 2018 to a maximum around 63% in late 2021, followed by a steady decline toward 57.3% by early 2025. This suggests a peak in overall leverage roughly around 2021-2022, followed by deleveraging or an increase in equity components.
- Equity Components
- Shareholders' equity exhibited fluctuations, initially decreasing from about 44.3% in 2018 to a low near 36.97% in late 2021, then steadily increasing to approximately 42.7% by early 2025. This trend indicates an improvement in the equity base post-2021.
- Notably, retained earnings showed continuous growth throughout the period, rising from 84.29% (relative to total liabilities and equity) in 2018 up to over 104% by early 2025, suggesting strong reinvestment of profits or accumulation of earnings over time.
- Treasury stock displayed a prominently negative and decreasing trend, with its percentage becoming more negative over time, moving from around -84.4% in 2018 to more than -112% in early 2025. This indicates significant stock repurchases or reductions in outstanding shares.
- Accumulated other comprehensive loss declined somewhat in magnitude from approximately -12.78% toward less negative values near -9.2% in recent years, reflecting improvements in other comprehensive income items.
- Other Equity Categories
- Additional paid-in capital remained fairly stable, with minor fluctuations around the 53-56% range, signaling consistent capital contributions or adjustments in equity financing. Common stock and preferred stock maintained a steady presence, contributing around 3-4% and below 1% respectively, with only slight changes over time.
- Summary of Trends
- The overall financial structure shifted with an increasing proportion of current liabilities leading up to 2022, accompanied by heightened accounts payable and short-term debt. Long-term debt showed modest growth but remained stable relative to total capitalization. Shareholders’ equity displayed resilience by recovering from a dip around 2021, supported primarily by strong retained earnings growth despite increasing treasury stock balances. The company’s leverage peaked in 2021 but subsequently declined, indicating a period of deleveraging and enhanced equity strength through early 2025.