Stock Analysis on Net
Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

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

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

Microsoft Excel
Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019
Accounts payable, accrued expenses and other liabilities 5.89 6.47 5.83 5.66 5.74 6.12 5.83 5.47 6.13 6.82 5.75 5.78 4.95 5.75 4.82 3.31 5.29 6.56 5.99 6.03 5.57 6.22 5.76 7.03 6.71
Operating lease liabilities, current 0.60 0.56 0.63 0.61 0.59 0.52 0.57 0.55 0.63 0.60 0.62 0.66 0.71 0.72 0.79 0.80 1.12 1.16 1.29 1.33 1.38 1.36 1.47 2.12 2.04
Unearned revenue 18.05 20.15 14.74 16.51 16.70 19.04 13.80 15.40 16.17 17.58 12.18 13.62 14.66 16.41 11.57 12.48 17.20 19.01 13.40 15.08 16.99 19.34 13.73 21.42 22.88
Slack Convertible Notes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt, current 0.00 0.00 0.00 0.00 1.04 1.00 1.10 1.08 0.19 1.20 1.29 1.26 1.08 0.00 0.02 1.51 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Current liabilities 24.54% 27.18% 21.20% 22.78% 24.07% 26.68% 21.31% 22.50% 23.12% 26.19% 19.84% 21.33% 21.39% 22.88% 17.20% 19.62% 23.62% 26.74% 20.69% 22.44% 23.95% 26.93% 20.97% 30.58% 31.63%
Noncurrent debt, excluding current portion 8.55 8.19 9.23 9.15 8.76 8.44 9.26 9.11 10.07 9.53 10.25 10.00 10.31 11.12 12.11 11.94 4.12 4.03 4.52 4.63 4.98 4.85 5.65 8.92 9.57
Noncurrent operating lease liabilities 2.37 2.31 2.65 2.61 2.62 2.65 3.04 3.10 3.08 2.93 3.08 2.74 2.93 2.84 3.11 3.25 4.21 4.29 4.06 4.17 4.52 4.44 5.08 7.02 7.19
Other noncurrent liabilities 3.01 2.88 2.89 2.94 2.50 2.48 2.58 2.45 2.35 2.31 2.24 2.10 2.07 2.10 2.33 2.57 2.45 2.36 2.57 2.24 2.09 2.32 1.66 1.98 2.00
Noncurrent liabilities 13.94% 13.38% 14.77% 14.70% 13.88% 13.57% 14.87% 14.67% 15.50% 14.77% 15.57% 14.84% 15.32% 16.06% 17.55% 17.76% 10.78% 10.68% 11.15% 11.04% 11.59% 11.60% 12.39% 17.92% 18.76%
Total liabilities 38.48% 40.57% 35.96% 37.48% 37.95% 40.25% 36.18% 37.17% 38.62% 40.96% 35.41% 36.17% 36.71% 38.94% 34.75% 37.38% 34.40% 37.42% 31.84% 33.47% 35.54% 38.53% 33.36% 48.51% 50.40%
Common stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Treasury stock, at cost -22.51 -18.95 -21.24 -19.72 -14.41 -11.71 -10.99 -8.72 -6.57 -4.05 -1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 66.41 62.74 69.06 67.41 63.37 59.95 63.88 62.03 59.89 55.69 58.65 56.27 55.66 53.48 56.92 54.89 55.84 53.70 58.72 58.71 61.05 58.26 62.56 45.07 43.38
Accumulated other comprehensive loss -0.13 -0.26 -0.25 -0.26 -0.28 -0.23 -0.36 -0.28 -0.27 -0.28 -0.52 -0.38 -0.33 -0.17 -0.14 -0.09 -0.10 -0.06 -0.14 -0.12 -0.25 -0.17 -0.15 -0.23 -0.20
Retained earnings 17.75 15.90 16.47 15.09 13.38 11.74 11.29 9.79 8.32 7.67 8.36 7.94 7.96 7.75 8.47 7.82 9.87 8.95 9.58 7.94 3.66 3.38 4.22 6.65 6.42
Stockholders’ equity 61.52% 59.43% 64.04% 62.52% 62.05% 59.75% 63.82% 62.83% 61.38% 59.04% 64.59% 63.83% 63.29% 61.06% 65.25% 62.62% 65.60% 62.58% 68.16% 66.53% 64.46% 61.47% 66.64% 51.49% 49.60%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

The data reveals several notable trends in the composition and dynamics of liabilities and stockholders’ equity over the analyzed periods.

Current Liabilities
Current liabilities as a percentage of total liabilities and stockholders’ equity demonstrated significant fluctuation, generally oscillating between approximately 20% to 31%. There were distinct peaks around Jan 31, 2020 (26.93%), Jan 31, 2023 (26.19%), Jan 31, 2024 (26.68%), and Jan 31, 2025 (27.18%), indicating occasional increases in short-term obligations relative to the total capital structure. The trend shows a cyclical pattern with intermittent decreases, reaching lows near 17%-19% in some quarters, notably in the latter half of 2021.
Noncurrent Liabilities
Noncurrent liabilities, including noncurrent debt, operating lease liabilities, and other noncurrent liabilities, collectively accounted for roughly 11% to 19% of total liabilities and stockholders’ equity. Noncurrent debt excluding current portion peaked around Jul 31, 2021 with a value near 12.11%, after a smaller proportion in earlier periods. Noncurrent operating lease liabilities showed a decreasing trend over time, declining steadily from above 7% in early 2019 to around 2-3% through 2024 and 2025. Other noncurrent liabilities held a relatively stable share, fluctuating mostly between 2% and 3%, but with a slight upward trend approaching 3% in recent quarters.
Total Liabilities
Total liabilities exhibited variability between approximately 31.8% and 50.4%, with the highest recorded in the early periods (Apr 2019: 50.4%) and more moderate levels thereafter. The data shows recurring increases near start-of-year quarters, for example Jan 31, 2020 (38.53%), Jan 31, 2022 (38.94%), and Jan 31, 2023 (40.96%), suggesting possible seasonal factors influencing the liabilities. Post-2021, the share of total liabilities generally stabilizes in the 35% to 40% range.
Stockholders’ Equity
Stockholders’ equity consistently comprised roughly 49.6% to 68.2% of total liabilities and stockholders’ equity. It showed a downward trend in early 2022 and early 2023, declining from mid-60% levels to just below 60% by Jan 2023 and Jan 2025. The equity proportion rebounded slightly toward mid-2023 to around 62%-64%, yet did not return to prior highs. Retained earnings increased steadily, nearly tripling from approximately 3.38% (Jan 31, 2020) to 17.75% (Apr 30, 2025), indicating accumulation of earnings over time and a strengthening equity base from accumulated profits.
Additional Paid-In Capital
This component of equity consistently represented a significant portion, ranging from 43.38% up to 69.06%. A gradual increase was observed over the longer term, with peaks in mid-2024, indicating injections or revaluations contributing positively to shareholder investment value.
Treasury Stock
Treasury stock, recorded from mid-2022 onward, showed an increasing negative impact on the equity portion, growing from -1.9% to as much as -22.51%. This trend reflects substantial stock repurchases during the period, which reduced the net equity value.
Unearned Revenue
Unearned revenue, a considerable current liability, displayed significant volatility. Values fluctuated between about 11.57% and 22.88%, with higher levels often coinciding with early-year reporting periods. This pattern suggests variability in deferred income possibly due to the timing of service contracts or customer prepayments.
Operating Lease Liabilities
Both current and noncurrent operating lease liabilities decreased substantially over the period under review, with current lease liabilities declining from over 2% to near 0.6%, and noncurrent lease liabilities dropping from over 7% to around 2-3%. This decline may indicate changes in leasing policies, asset usage, or the impact of accounting standard changes affecting lease recognition.
Debt Composition
Current debt remained minimal for most periods, with occasional spikes such as 1.51% in Jul 31, 2020 followed by moderate levels around 1% in recent quarters. Noncurrent debt experienced fluctuations but generally maintained a share between 4% and 12%, with peak values above 11% during 2021 before settling down closer to 8-9% afterward.

In summary, the financial structure over these quarters shows a generally balanced distribution between liabilities and equity, with a growing retained earnings component and notable treasury stock activity reducing net equity. Fluctuations in liabilities, especially current liabilities and unearned revenue, indicate operational seasonality or timing factors. The decline in operating lease liabilities aligns with broader industry trends toward reduced lease obligations or accounting changes.