Stock Analysis on Net
Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Walt Disney Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Jun 27, 2026 Mar 28, 2026 Dec 27, 2025 Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021 Oct 3, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019
Accounts payable and other accrued liabilities
Current portion of borrowings
Deferred revenue and other
Current liabilities
Borrowings, excluding current portion
Deferred income taxes
Other long-term liabilities
Long-term liabilities
Total liabilities
Redeemable noncontrolling interests
Preferred stock
Common stock and additional paid-in capital, $0.01 par value
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Total Disney Shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-K (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02), 10-K (reporting date: 2020-10-03), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28).


The capital structure demonstrates a strategic shift from a liability-dependent model during the early 2020s toward an equity-heavy framework by mid-2026. Total liabilities peaked at 52.02% in June 2020 before entering a long-term downward trajectory, ending at 42.93% in June 2026. Conversely, total equity grew from 47.16% in December 2019 to 57.07% by June 2026, indicating a strengthened solvency position and a reduction in financial leverage.

Debt and Liability Trends
A significant surge in long-term borrowings is observed during 2020, where borrowings excluding the current portion peaked at 26.26% in October 2020. This was followed by a consistent deleveraging process, with the same metric declining to 18.27% by June 2026. Current liabilities remained relatively stable, fluctuating between 13% and 18%, though a slight upward trend emerged in the latter half of the period, peaking at 18.83% in December 2025.
Equity Growth and Retained Earnings
The growth in total equity is primarily driven by a substantial increase in retained earnings, which rose from 21.50% in December 2019 to 31.77% in June 2026. This suggests a consistent accumulation of profits over the analyzed period. Common stock and additional paid-in capital also showed a gradual increase, moving from 26.87% to 30.59%, further contributing to the expansion of the equity base.
Treasury Stock and Capital Allocation
A notable expansion in the proportion of treasury stock is evident, moving from -0.45% in December 2019 to -7.20% in June 2026. This trend indicates an aggressive share repurchase strategy implemented particularly from 2023 onward, reflecting a decision to return capital to shareholders despite the overall growth in total equity.
Other Balance Sheet Components
Accumulated other comprehensive loss improved from a low of -4.13% in October 2020 to -1.42% by June 2026, indicating a reduction in unrealized losses. Deferred revenue showed a modest increase from 2.50% in late 2019 to 3.38% in mid-2026, suggesting a slight growth in prepaid obligations relative to the total balance sheet size.