Stock Analysis on Net

RTX Corp. (NYSE:RTX)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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RTX Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 3, 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
Cash and cash equivalents
Accounts receivable, net
Contract assets, net
Inventory, net
Other assets, current
Current assets
Customer financing assets
Future income tax benefits
Fixed assets
Accumulated depreciation
Fixed assets, net
Operating lease right-of-use assets
Goodwill
Intangible assets, net
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-03), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Cash and Cash Equivalents
There is a general declining trend in cash and cash equivalents as a percentage of total assets from March 31, 2020 (5.73%) to June 30, 2025 (2.86%). After some fluctuations in the early periods, the ratio consistently decreases, indicating a diminishing liquidity buffer relative to total assets over time.
Accounts Receivable, Net
Accounts receivable as a percentage of total assets remains relatively stable with slight fluctuations, starting at 9.39% in March 2020 and gradually increasing to 7.41% by June 2025. This suggests steady management of receivables with a modest upward trend towards later periods.
Contract Assets, Net
Contract assets show a clear upward trend, increasing from 3.26% in March 2020 to 9.39% in June 2025. This significant growth may reflect expanding long-term contract portfolios or increased recognition of revenue over time.
Inventory, Net
Inventory as a proportion of total assets declines initially from 8.24% in March 2020 to 5.69% in December 2021, followed by a general increase to 8.38% in June 2025. This pattern suggests initial efforts to reduce inventory levels, later transitioning toward inventory buildup or restocking.
Other Assets, Current
Current other assets fluctuate moderately with a gradual increase observable from 1.23% in March 2020 to 4.66% in June 2025, indicating potential growth in miscellaneous current asset components or reclassification effects.
Current Assets
The total current assets as a percentage of total assets show a steady increase from 27.85% in March 2020 to 32.7% in June 2025. This upward trend is consistent with the simultaneous increases in contract assets, inventory, and other current assets, reflecting an expansion in short-term asset holdings.
Customer Financing Assets
Customer financing assets steadily decrease from 2.5% in March 2020 to 1.26% in June 2025, suggesting a reduction in financing extended to customers or a shift in credit policies.
Future Income Tax Benefits
Data on future income tax benefits is sparse and available only in early periods, showing a decline from 1.03% in March 2020 to 0.43% in September 2020, with no further data afterward.
Fixed Assets
Fixed assets increase from 18.3% in March 2020 to 20.31% in June 2025, indicating investment in long-term physical assets. Accumulated depreciation also rises in absolute terms relative to total assets, from -9.36% to -10.62%, reflecting ongoing asset usage and aging.
Fixed Assets, Net
Net fixed assets as a percentage of total assets exhibit minor fluctuations around the 9% level, with a slight rising trend from 8.94% to 9.7% over the entire period, indicating consistent investment offsetting depreciation.
Operating Lease Right-of-Use Assets
These assets slowly decline from 1.88% in March 2020 to 1.12% in June 2025, hinting at either lease terminations or reduced new lease agreements.
Goodwill
Goodwill remains a significant and stable proportion of total assets, slightly decreasing from 34.02% in March 2020 to 31.91% in June 2025, suggesting few impairments but little new goodwill generation.
Intangible Assets, Net
Net intangible assets consistently decline from 18.34% to 19.59%—this decline from 26.01% in June 2020 down to 19.59% in June 2025 reflects amortization or impairment exceeding new capitalizations.
Other Assets
Other non-current assets rise from 1.84% in June 2020 to 4.66% in June 2025, indicating growth in this asset category, possibly relating to deferred charges, investments, or other non-classified long-term assets.
Long-term Assets
The proportion of long-term assets to total assets shows a steady decrease from 73.83% in June 2020 to 67.3% in June 2025, implying a gradual shift of asset composition towards current assets.
Total Assets
Total assets consistently sum to 100%, reflecting normalized ratios for analysis purposes.