Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
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Thermo Fisher Scientific Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
- Short-term obligations and current maturities of long-term obligations
- This category exhibited a fluctuating pattern over the observed periods, starting at 1.26% in March 2020, dipping to nearly zero mid-2020, then rising significantly to a peak of 6.47% in July 2023, followed by a general decreasing trend to 2.85% by March 2025. This indicates variability in the proportion of short-term debt relative to total liabilities and equity, with notable increases in late 2022 and mid-2023.
- Accounts payable
- The proportion remained relatively stable around the 2.5% to 3.2% range throughout the periods, with minor fluctuations but no clear long-term upward or downward trend. This consistency suggests stable management of payable obligations relative to the company’s total financing structure.
- Accrued payroll and employee benefits
- This item showed initial growth from 1.29% to a peak of 2.77% by the end of 2020, followed by a decline to about 1.38% in early 2023 before increasing again to around 2.04% by July 2024 and then declining slightly toward 1.43% by March 2025. The variation likely mirrors changes in payroll liabilities as a portion of total financing.
- Contract liabilities
- An overall increasing trend was observed from 1.6% in early 2020 to a peak of approximately 3.1% in early 2022, followed by a slight decline and stabilization around the 2.6% to 2.9% range in recent quarters. This suggests growth in deferred revenue or prepayments relative to total liabilities and equity, with moderation in the later periods.
- Other accrued expenses
- The category maintained a generally stable range between 2.5% and 3.5%, with minor peak variations, highlighting consistent accrual management within total financing components.
- Current liabilities
- Significant volatility was evident in current liabilities as a percentage of total financing, with a jump from around 9% in early 2020 to peaks exceeding 17.5% in December 2022. Subsequently, a slight decline and stabilization occurred, settling near 13% to 16% in recent quarters, indicating fluctuating short-term financial obligations and possible impact from operational or strategic financing adjustments.
- Deferred income taxes
- This category declined over time from 3.64% in early 2020 to near 1.05% by March 2025, reflecting a consistent reduction in deferred tax liabilities relative to total liabilities and equity.
- Other long-term liabilities
- Relatively stable within the 4% to 5.5% range, these liabilities showed minor fluctuations but no directional trend, suggesting steady non-current liabilities components aside from long-term obligations.
- Long-term obligations, excluding current maturities
- This item fluctuated moderately, starting at 32.77% and falling to as low as 27.67% in December 2020, followed by recovery and oscillation around 30% to 33%. This indicates shifts in long-term debt holdings relative to total financing with some episodic declines and recoveries.
- Long-term liabilities
- Long-term liabilities displayed a descending peak-to-trough pattern from about 42% down to 35%, then partially rebounding to near 38%, reflecting adjustments in long-term financial obligations within the capital structure over the period under review.
- Total liabilities
- The total liabilities percentage relative to total financing decreased from just over 51% early in 2020 to under 49% by early 2025, with intermediate peaks around 56.9% in late 2021. This trend indicates a gradual reduction in reliance on liabilities for financing, despite temporary increases.
- Redeemable noncontrolling interest
- Where reported, this component remained marginal around 0.12% to 0.13%, suggesting minimal influence on the overall financial structure.
- Common stock and capital in excess of par value
- Common stock proportion stayed roughly constant around 0.44% to 0.74%, with a slight decline over the time series. Capital in excess of par value demonstrated an initial decline from near 26% to approximately 17%, then hovered slightly below 19% thereafter, indicating equity structure adjustments possibly related to share issuance or buybacks.
- Retained earnings
- Retained earnings showed a clear upward trend, rising from approximately 39% in early 2020 to about 55% by early 2025, reflecting consistent accumulation of earnings and reinvestment retained within shareholders' equity.
- Treasury stock at cost
- This item increased in absolute negative value from about -9.87% in late 2020 to -21.47% by early 2025. The growing negative percentage indicates increasing share repurchases and treasury stock accumulation, which reduces total shareholders' equity proportionately.
- Accumulated other comprehensive loss
- This component remained negative throughout, ranging from about -5.26% to near -2.37%, with a general trend toward reduced comprehensive losses over time, indicating improved other comprehensive income components relative to total financing.
- Total shareholders' equity
- Total equity showed volatility, peaking above 54% mid-2021 and later dipping to about 42.9% around late 2021 before gradually increasing again to roughly 51% by early 2025. The fluctuations correspond with changes in retained earnings, treasury stock, and other equity components, suggesting dynamic equity management and capital adjustments.
- Noncontrolling interests
- Where reported, this category remained close to zero with minor negative values appearing in late periods, indicating very limited impact on the equity base.
- Total liabilities, redeemable noncontrolling interest and equity
- By definition, this aggregates to 100% at each period, providing a balanced view of financing sources.