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

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Jan 31, 2026 Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021
Accounts payable 0.00 0.00 0.00 0.00 0.00 0.00
Finance lease liabilities, current 0.24 0.33 0.37 0.26 0.12 0.05
Accrued expenses and other liabilities 7.10 6.14 5.75 6.56 5.63 6.51
Operating lease liabilities, current 0.49 0.56 0.52 0.60 0.72 1.16
Unearned revenue 21.65 20.15 19.04 17.58 16.41 19.01
Debt, current 3.56 0.00 1.00 1.20 0.00 0.01
Current liabilities 33.05% 27.18% 26.68% 26.19% 22.88% 26.74%
Noncurrent debt, excluding current portion 9.30 8.19 8.44 9.53 11.12 4.03
Noncurrent operating lease liabilities 1.95 2.31 2.65 2.93 2.84 4.29
Noncurrent finance lease liabilities 0.23 0.33 0.60 0.54 0.28 0.14
Other noncurrent liabilities 2.81 2.55 1.88 1.77 1.81 2.22
Noncurrent liabilities 14.29% 13.38% 13.57% 14.77% 16.06% 10.68%
Total liabilities 47.34% 40.57% 40.25% 40.96% 38.94% 37.42%
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 -28.70 -18.95 -11.71 -4.05 0.00 0.00
Additional paid-in capital 61.29 62.74 59.95 55.69 53.48 53.70
Accumulated other comprehensive income (loss) 0.28 -0.26 -0.23 -0.28 -0.17 -0.06
Retained earnings 19.79 15.90 11.74 7.67 7.75 8.95
Stockholders’ equity 52.66% 59.43% 59.75% 59.04% 61.06% 62.58%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2026-01-31), 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).

The composition of liabilities and stockholders’ equity exhibited several notable shifts between January 31, 2021, and January 31, 2026. Overall, total liabilities increased as a percentage of the total, while stockholders’ equity decreased proportionally. A closer examination of individual components reveals specific trends driving these changes.

Current Liabilities
Current liabilities as a percentage of the total initially decreased from 26.74% in 2021 to 22.88% in 2022, then generally increased to 33.05% in 2026. This increase was largely driven by a significant rise in debt, current, which moved from 0.01% to 3.56% over the period. Unearned revenue consistently represented a substantial portion of current liabilities, increasing from 19.01% to 21.65%. Accrued expenses and other liabilities fluctuated, ending at 7.10% in 2026, slightly higher than the 6.51% recorded in 2021.
Noncurrent Liabilities
Noncurrent liabilities demonstrated a more complex pattern. While initially increasing from 10.68% to 16.06% between 2021 and 2022, they subsequently declined to 13.57% in 2024 before rising slightly to 14.29% in 2026. Noncurrent debt, excluding the current portion, contributed significantly to this category, peaking at 11.12% in 2022 and settling at 9.30% in 2026. Both noncurrent operating lease liabilities and noncurrent finance lease liabilities decreased steadily throughout the period.
Total Liabilities
Total liabilities increased from 37.42% in 2021 to 47.34% in 2026, indicating a growing reliance on debt financing or an increase in obligations. This growth was consistent throughout the period, with a particularly noticeable increase between 2025 and 2026.
Stockholders’ Equity
Stockholders’ equity decreased from 62.58% in 2021 to 52.66% in 2026. This decline was primarily attributable to a substantial and consistently increasing negative balance in treasury stock, moving from effectively zero to -28.70%. Additional paid-in capital increased from 53.70% to 61.29% over the period, partially offsetting the impact of treasury stock. Retained earnings also showed an upward trend, increasing from 8.95% to 19.79%, but this increase was not sufficient to counteract the decline in equity caused by treasury stock activity. Accumulated other comprehensive income (loss) remained relatively stable, fluctuating around zero.

The observed trends suggest a shift in the company’s capital structure towards greater leverage and a significant reduction in equity through treasury stock repurchases. The increasing proportion of current liabilities, particularly debt, current, warrants further investigation to assess potential liquidity risks. The growth in unearned revenue may indicate increasing sales or subscription activity, but also represents a future obligation. The consistent increase in additional paid-in capital suggests continued investment in the company.