Stock Analysis on Net
Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Cisco Systems Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jul 25, 2026 Apr 25, 2026 Jan 24, 2026 Oct 25, 2025 Jul 26, 2025 Apr 26, 2025 Jan 25, 2025 Oct 26, 2024 Jul 27, 2024 Apr 27, 2024 Jan 27, 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 23, 2021 Oct 24, 2020
Cash and cash equivalents
Investments
Accounts receivable, net of allowance
Inventories
Financing receivables, net
Other current assets
Current assets
Property and equipment, net
Financing receivables, net
Goodwill
Purchased intangible assets, net
Deferred tax assets
Other assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2026-07-25), 10-Q (reporting date: 2026-04-25), 10-Q (reporting date: 2026-01-24), 10-Q (reporting date: 2025-10-25), 10-K (reporting date: 2025-07-26), 10-Q (reporting date: 2025-04-26), 10-Q (reporting date: 2025-01-25), 10-Q (reporting date: 2024-10-26), 10-K (reporting date: 2024-07-27), 10-Q (reporting date: 2024-04-27), 10-Q (reporting date: 2024-01-27), 10-Q (reporting date: 2023-10-28), 10-K (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-K (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24).


A structural shift in asset composition is evident over the analyzed period, characterized by a transition from a high-liquidity profile to one dominated by long-term, intangible assets. The most significant pivot occurs between January 2024 and April 2024, where the balance sheet moves from a relatively balanced distribution to a heavy concentration in non-current assets.

Liquidity and Cash Position
A persistent downward trend is observed in the company's liquid reserves. Cash and cash equivalents began at 11.39% of total assets, peaking briefly at 13.56% in January 2024 before declining to 5.57% by July 2026. Similarly, investments as a percentage of total assets decreased from 20.20% in October 2020 to 6.71% by the end of the period. This indicates a strategic reduction in highly liquid holdings relative to the total asset base.
Working Capital and Operational Assets
Inventories exhibit a steady upward trajectory, rising from 1.37% of total assets in October 2020 to 4.39% in July 2026, suggesting an increase in the proportion of capital tied up in physical product. Accounts receivable remained relatively stable, fluctuating between 3.61% and 7.04%, while financing receivables showed a consistent decline, dropping from 5.37% to 2.62% over the analyzed timeframe.
Intangible Assets and Goodwill
There is a marked increase in the proportion of goodwill and purchased intangible assets, particularly starting in April 2024. Goodwill rose from a range of 36% to 41% in the early years to a peak of 49.28% in January 2025. Purchased intangible assets saw a sharp spike from 1.66% in January 2024 to 9.61% in April 2024, before gradually tapering to 5.83% by July 2026. This pattern is indicative of significant acquisition activity during the first half of 2024.
Overall Asset Distribution
The balance between current and long-term assets underwent a fundamental realignment. Current assets, which represented 45.25% of the total in October 2020 and remained around 40% until early 2024, dropped sharply to approximately 29% from April 2024 onward. Conversely, long-term assets increased from 54.75% to a sustained level of approximately 70% to 72% during the latter part of the period. This shift confirms a migration of value from liquid current assets toward long-term strategic investments and acquired intangibles.