Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

Analog Devices Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jan 31, 2026 Nov 1, 2025 Aug 2, 2025 May 3, 2025 Feb 1, 2025 Nov 2, 2024 Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020
Cash and cash equivalents
Short-term investments
Accounts receivable
Inventories
Prepaid expenses and other current assets
Current assets
Net property, plant and equipment
Goodwill
Intangible assets, net
Deferred tax assets
Other assets
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2026-01-31), 10-K (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-Q (reporting date: 2025-02-01), 10-K (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01).


The composition of assets for the analyzed entity exhibits several notable trends over the observed period. A significant portion of the asset base is consistently allocated to goodwill and intangible assets, representing approximately 55-60% and 16-20% of total assets, respectively. While goodwill remains the largest single asset component, its percentage of total assets demonstrates a slight decline from 57.34% in February 2020 to 56.15% in November 2025. Intangible assets also show a gradual decrease over the same timeframe, falling from 19.05% to 16.70%.

Current assets, while representing a smaller overall proportion than non-current assets, display cyclical fluctuations. The percentage of current assets to total assets increased from 8.94% in February 2020 to a peak of 14.37% in April 2022, before decreasing to 11.95% in November 2024 and then increasing again to 14.81% in November 2025. This fluctuation appears to be driven primarily by changes in cash and cash equivalents, prepaid expenses, and accounts receivable.

Cash and Cash Equivalents
The proportion of cash and cash equivalents to total assets demonstrates considerable variability. It rose from 3.06% in February 2020 to 6.84% in July 2021, then decreased substantially to 3.78% in October 2021. A subsequent increase is observed, peaking at 5.21% in November 2025. This suggests active cash management or responsiveness to short-term liquidity needs.
Accounts Receivable
Accounts receivable as a percentage of total assets generally remained between 2.73% and 3.86% until October 2021, after which it decreased to 2.06% in May 2024. A slight increase is then observed, reaching 2.99% in November 2025. This suggests potential changes in credit policies or collection efficiency.
Inventories
Inventories consistently represent approximately 2.75% to 3.46% of total assets. A noticeable increase is observed from July 2022 through November 2025, rising from 2.39% to 3.45%. This could indicate a build-up of inventory, potentially in anticipation of increased demand or due to supply chain considerations.
Net Property, Plant and Equipment
Net property, plant, and equipment remained relatively stable between 5.22% and 5.92% of total assets for much of the period. However, a gradual increase is observed from October 2021 through November 2025, rising from 3.78% to 6.91%. This suggests potential investment in fixed assets.
Deferred Tax Assets
Deferred tax assets represent a significant portion of non-current assets, consistently ranging between 3.67% and 7.33% of total assets. A general downward trend is observed over the period, decreasing from 7.33% in February 2020 to 3.67% in November 2025. This could be related to changes in tax regulations or the utilization of deferred tax benefits.

Overall, the asset composition indicates a shift away from intangible assets and deferred tax assets towards current assets and net property, plant, and equipment. The fluctuations in current asset components suggest dynamic working capital management. The observed trends warrant further investigation into the underlying business activities and strategic decisions driving these changes.