Stock Analysis on Net
Stock Analysis on Net

Visa Inc. (NYSE:V)

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Common-Size Balance Sheet: Assets

Visa Inc., common-size consolidated balance sheet: assets

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Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017
Cash and cash equivalents 18.35 19.89 20.13 10.80 11.79 14.53
Restricted cash equivalents, U.S. litigation escrow 1.69 1.08 1.11 1.66 2.15 1.52
Investment securities 3.31 2.44 4.64 5.84 5.12 5.24
Settlement receivable 2.26 2.12 1.56 4.20 2.29 2.09
Accounts receivable 2.36 2.37 2.00 2.12 1.75 1.67
Customer collateral 2.74 2.73 2.29 2.27 1.91 1.63
Current portion of client incentives 1.49 1.64 1.50 1.02 0.49 0.51
Prepaid expenses and other current assets 3.12 1.03 0.94 0.98 0.81 0.81
Current assets 35.33% 33.30% 34.16% 28.89% 26.31% 27.98%
Investment securities 2.50 2.06 0.29 2.97 5.90 2.83
Client incentives 3.92 3.91 3.92 2.87 0.78 0.87
Property, equipment and technology, net 3.77 3.28 3.38 3.71 3.57 3.31
Goodwill 20.80 19.25 19.66 21.57 21.95 22.23
Intangible assets, net 29.32 33.37 34.37 36.90 39.81 40.97
Other assets 4.37 4.83 4.22 3.08 1.68 1.80
Non-current asset 64.67% 66.70% 65.84% 71.11% 73.69% 72.02%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

The asset composition shows a structural shift over the six-year period, characterized by an increase in the proportion of current assets and a corresponding decline in non-current assets. Total current assets rose from 27.98% in 2017 to 35.33% in 2022, while non-current assets decreased from 72.02% to 64.67%.

Liquidity and Cash Management
Cash and cash equivalents demonstrated significant volatility, decreasing from 14.53% in 2017 to a low of 10.80% in 2019, before surging to 20.13% in 2020 and stabilizing at 18.35% by 2022. This indicates a substantial increase in the company's liquidity position relative to its total asset base in the latter half of the period.
Intangible Assets and Goodwill
A consistent downward trend is observed in net intangible assets, which fell from 40.97% of total assets in 2017 to 29.32% in 2022. This suggests a systematic reduction in the relative weight of amortizable intangible assets. Conversely, goodwill remained relatively stable, fluctuating within a narrow range between 19.25% and 22.23%.
Client Incentives and Receivables
There is a notable increase in the allocation toward client incentives. Non-current client incentives grew from 0.87% in 2017 to 3.92% in 2022, while current portion incentives rose from 0.51% to 1.49%. Settlement and accounts receivables remained relatively low and stable, generally staying below 5% of total assets combined.
Fixed and Other Non-Current Assets
Property, equipment, and technology, net, maintained a consistent proportion of the balance sheet, remaining between 3.28% and 3.77% throughout the period. Other assets showed a gradual increase, moving from 1.80% in 2017 to 4.37% in 2022.

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