Stock Analysis on Net
Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Salesforce Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Accounts payable 0.00 0.00 0.00 0.00 0.00 0.00
Finance lease liabilities, current 0.33 0.37 0.26 0.12 0.05 0.10
Accrued expenses and other liabilities 6.14 5.75 6.56 5.63 6.51 6.12
Operating lease liabilities, current 0.56 0.52 0.60 0.72 1.16 1.36
Unearned revenue 20.15 19.04 17.58 16.41 19.01 19.34
Debt, current 0.00 1.00 1.20 0.00 0.01 0.01
Current liabilities 27.18% 26.68% 26.19% 22.88% 26.74% 26.93%
Noncurrent debt, excluding current portion 8.19 8.44 9.53 11.12 4.03 4.85
Noncurrent operating lease liabilities 2.31 2.65 2.93 2.84 4.29 4.44
Noncurrent finance lease liabilities 0.33 0.60 0.54 0.28 0.14 0.60
Other noncurrent liabilities 2.55 1.88 1.77 1.81 2.22 1.72
Noncurrent liabilities 13.38% 13.57% 14.77% 16.06% 10.68% 11.60%
Total liabilities 40.57% 40.25% 40.96% 38.94% 37.42% 38.53%
Preferred stock, $0.001 par value; none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.001 par value 0.00 0.00 0.00 0.00 0.00 0.00
Treasury stock, at cost -18.95 -11.71 -4.05 0.00 0.00 0.00
Additional paid-in capital 62.74 59.95 55.69 53.48 53.70 58.26
Accumulated other comprehensive loss -0.26 -0.23 -0.28 -0.17 -0.06 -0.17
Retained earnings 15.90 11.74 7.67 7.75 8.95 3.38
Stockholders’ equity 59.43% 59.75% 59.04% 61.06% 62.58% 61.47%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

The analysis of the financial data over the period from January 31, 2020, to January 31, 2025, reveals several notable trends in the composition of liabilities and stockholders’ equity.

Current Liabilities
Current liabilities as a percentage of total liabilities and stockholders’ equity remained relatively stable, fluctuating between approximately 22.88% and 27.18%. The lowest point was in 2022 at 22.88%, followed by a rebound to around 27% in subsequent years.
Within this category, finance lease liabilities (current) started very low at 0.1% in 2020 but showed an increasing trend peaking at 0.37% in 2024 before slightly declining to 0.33% in 2025. Operating lease liabilities (current) demonstrated a steady decline from 1.36% in 2020 to 0.56% in 2025. Accrued expenses and other liabilities fluctuated moderately, ranging roughly between 5.63% and 6.56%, without a clear trend.
Unearned revenue exhibited a somewhat volatile pattern, initially declining from 19.34% in 2020 to 16.41% in 2022, and then increasing to a high of 20.15% by 2025, signaling potential growth in prepaid customer contracts or deferred revenues.
Current debt remained negligible until 2023 when it increased sharply to 1.2% and then slightly decreased to 1%, indicating possible short-term borrowing changes during that period.
Noncurrent Liabilities
The proportion of noncurrent liabilities generally decreased from 11.6% in 2020 to 13.38% in 2025, after peaking at 16.06% in 2022.
Noncurrent debt, excluding current portion, showed notable variability, rising from 4.85% in 2020 to a peak of 11.12% in 2022, then tapering down to 8.19% in 2025. This may reflect long-term borrowing adjustments or repayments.
Noncurrent operating lease liabilities consistently decreased, from 4.44% in 2020 to 2.31% in 2025, indicating a possible reduction in long-term lease obligations.
Noncurrent finance lease liabilities presented a small but fluctuating presence, decreasing overall from 0.6% in 2020 to 0.33% in 2025, with a mid-period peak in 2023 and 2024.
Other noncurrent liabilities modestly increased toward the end of the period, rising from 1.72% in 2020 to 2.55% in 2025.
Total Liabilities
Total liabilities as a proportion of total liabilities and stockholders’ equity ranged between 37.42% and 40.96%, showing stability with a slight upward drift, peaking in 2023 at just under 41%.
Stockholders’ Equity
Stockholders’ equity consistently represented the majority share, varying from 59.04% to 62.58% across the years. The highest equity portion was observed in 2021, and despite small fluctuations, equity remained near 60% or above throughout.
Additional paid-in capital experienced steady growth from 53.7% in 2021 to 62.74% in 2025, suggesting ongoing capital contributions or retained earnings allocation.
Retained earnings demonstrated a strong upward trend, rising from 3.38% in 2020 to 15.9% in 2025, indicative of accumulated profitability or earnings retention over time.
Treasury stock showed an increasing negative balance starting from 2022 (-4.05%) through 2025 (-18.95%), implying ongoing share repurchase activity that reduced equity by a growing magnitude.
Accumulated other comprehensive loss remained minor and fluctuated slightly between -0.06% and -0.28%, suggesting limited impact from items such as unrealized gains and losses.

In summary, the overall capital structure shows a stable balance between liabilities and equity, with equity generally maintaining a dominant position. The growth in retained earnings and additional paid-in capital, alongside the expanded treasury stock deductions, points to active management of equity components. Liability composition reflects adjustments in lease obligations and debt levels, with current liabilities maintaining a substantial and consistent proportion of the financial structure. The increase in unearned revenue toward the latter years could reflect changes in billing or contract terms affecting deferred income recognition.