Stock Analysis on Net
Stock Analysis on Net

Cintas Corp. (NASDAQ:CTAS) 

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Cintas Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Accounts payable 3.70 3.54 3.09 2.80 3.01 3.04
Accrued compensation and related liabilities 2.34 2.80 2.91 2.93 1.66 2.09
Insurance reserve 1.93 1.81 2.01 1.90 2.16 2.23
Employee benefit related liabilities 2.05 1.96 1.79 1.57 1.76 1.66
Dividends 1.50 1.38 1.20 0.96 0.00 0.00
Estimated legal reserves 0.49 0.32 0.00 0.00 0.00 0.00
Accrued interest 0.16 0.18 0.19 0.30 0.32 0.33
Other 2.16 1.76 2.03 1.57 1.72 1.61
Accrued liabilities 8.30% 7.40% 7.23% 6.30% 5.95% 5.84%
Income taxes, current 0.20 0.15 0.00 0.00 0.35 0.00
Operating lease liabilities, current 0.50 0.51 0.54 0.53 0.56 0.00
Debt due within one year 4.90 0.00 3.82 10.92 0.00 4.20
Current liabilities 19.94% 14.39% 17.59% 23.48% 11.54% 15.16%
Debt due after one year 22.10 29.09 30.49 19.94 33.11 34.12
Deferred income taxes 5.19 5.83 5.82 4.69 5.07 5.89
Operating lease liabilities, long-term 1.60 1.62 1.58 1.59 1.60 0.00
Accrued liabilities 4.10 3.85 3.92 5.52 6.50 4.44
Long-term liabilities 32.98% 40.40% 41.81% 31.75% 46.28% 44.46%
Total liabilities 52.92% 54.79% 59.39% 55.23% 57.82% 59.62%
Preferred stock, no par value, none outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, no par value, and paid-in capital 25.14 23.77 21.75 18.41 16.61 14.36
Retained earnings 115.81 112.30 107.02 95.63 95.13 89.98
Treasury stock -94.87 -91.77 -89.49 -69.64 -67.56 -63.44
Accumulated other comprehensive income (loss) 0.99 0.91 1.32 0.37 -2.00 -0.53
Shareholders’ equity 47.08% 45.21% 40.61% 44.77% 42.18% 40.38%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Cintas Corp. current liabilities as a percentage of total liabilities and shareholders’ equity decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Cintas Corp. long-term liabilities as a percentage of total liabilities and shareholders’ equity decreased from 2022 to 2023 and from 2023 to 2024.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Cintas Corp. total liabilities as a percentage of total liabilities and shareholders’ equity decreased from 2022 to 2023 and from 2023 to 2024.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Cintas Corp. shareholders’ equity as a percentage of total liabilities and shareholders’ equity increased from 2022 to 2023 and from 2023 to 2024.