Stock Analysis on Net

Procter & Gamble Co. (NYSE:PG)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Paying user area


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Procter & Gamble Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Accounts payable
Accrued and other liabilities
Debt due within one year
Current liabilities
Long-term debt, excluding due within one year
Deferred income taxes
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Preferred stock
Common stock
Additional paid-in capital
Reserve for ESOP debt retirement
Accumulated other comprehensive loss
Treasury stock
Retained earnings
Shareholders’ equity attributable to Procter & Gamble
Noncontrolling interest
Total shareholders’ equity
Total liabilities and shareholders’ equity

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.