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)

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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: 2025-03-31), 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
The proportion of cash and cash equivalents relative to total assets shows a decreasing trend from early 2020 at 5.73% to around 3.13% by March 2025. Notable reductions occur between 2020 and 2022, followed by slight fluctuations without recovery to original levels.
Accounts receivable, net
Accounts receivable as a percentage of total assets generally stabilizes around 6% after declines in mid-2020. From 2021 onward, values hover between approximately 5.7% and 6.9%, with a slight upward trend noted towards the end of the period.
Contract assets, net
There is a clear upward trend evident in contract assets over the full period, increasing from 3.26% in early 2020 to 9.24% by March 2025. Growth is relatively steady, especially from 2021 onwards, indicating increasing recognition of contract-based receivables.
Inventory, net
Inventory as a proportion of total assets initially declines from 8.24% in early 2020 to around 5.69% by late 2021 but reverses this trend afterwards, showing a gradual increase reaching 8.26% by March 2025. This suggests a recovery and potential buildup in stock levels in recent periods.
Other current assets
This category demonstrates several fluctuations without a distinct long-term trend, ranging from about 1.23% in early 2020 up to peaks near 4.53% by early 2025, with a general gradual increase after mid-2021 reflecting increased current miscellaneous assets.
Current assets
Current assets overall remain relatively stable between 25% and 32%, with a slight upward trajectory from 2021, peaking at 32.1% in early 2025. This suggests gradual strengthening in liquid and short-term asset positions.
Customer financing assets
Customer financing assets steadily decline as a proportion of total assets, falling from 2.5% in early 2020 to 1.3% by March 2025. This indicates reduced exposure or focus on customer financing over time.
Future income tax benefits
Data is only available for early 2020, starting at 1.03% and decreasing to 0.43% by June 2020, then no data is presented afterwards, limiting the ability to infer trends.
Fixed assets
Fixed assets as a share of total assets show an increasing trend from 18.3% early in 2020 to over 20% by early 2025, indicating ongoing investment or asset base expansion.
Accumulated depreciation
Accumulated depreciation, shown as a negative proportion, increases in magnitude over the period, moving from -9.36% to -10.44%, consistent with asset aging and usage parallel to growth in fixed assets.
Fixed assets, net
Net fixed assets remain relatively stable around 9-10% of total assets, with minor fluctuations but a slight increase towards the end of the period, reflecting asset additions balanced against depreciation.
Operating lease right-of-use assets
This asset category experiences a gradual decline from 1.88% in early 2020 to about 1.15% by late 2024, stabilizing close to that level, indicating a reduction or amortization of leased asset rights.
Goodwill
Goodwill remains the largest single asset component, fluctuating between 32% and 34% of total assets, with a slight tendency to decline from 34.02% in 2020 to about 32.18% by early 2025, indicating potential impairment or amortization effects.
Intangible assets, net
A marked decrease is observed in intangible assets (net) from a peak of about 26% in mid-2020 to approximately 20% by early 2025, suggesting amortization or disposals reducing this asset class over time.
Other assets (long-term)
Other long-term assets show moderate variability, increasing from around 1.8% in 2020 to near 4.5% during 2021 before declining to roughly 3.4% by early 2025, reflecting asset reclassifications or disposals.
Long-term assets
The long-term asset base remains dominant, representing around 68%-74% of total assets, with a gradual downward trend beginning after 2022, declining to just under 68% by early 2025, partly driven by reductions in intangible assets and goodwill.
Total assets
Total assets are consistently 100% by definition, serving as the basis for these relative analyses.