Stock Analysis on Net
Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

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

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Short-term debt 0.02 0.93 0.04 0.00 0.78
Current portion of long-term debt 2.65 0.03 5.10 3.29 0.76
Accounts payable 8.76 8.77 8.22 6.24 6.44
Accrued compensation 1.76 1.33 1.47 1.10 1.37
Liabilities held for sale 0.00 0.00 0.00 1.47 0.99
Other current liabilities 6.98 7.10 6.37 6.37 5.31
Current liabilities 20.16% 18.16% 21.19% 18.48% 15.64%
Long-term debt, excluding current portion 21.45 23.76 20.08 22.03 23.83
Pension liabilities 2.00 1.85 2.56 4.99 4.46
Other postretirement benefits liabilities 0.47 0.51 0.77 1.04 1.00
Noncurrent operating lease liabilities 1.39 1.31 0.99 1.02 1.01
Deferred income taxes 1.05 1.51 1.64 0.87 1.21
Other noncurrent liabilities 3.87 4.12 4.41 4.52 3.67
Noncurrent liabilities 30.22% 33.07% 30.46% 34.47% 35.18%
Total liabilities 50.38% 51.24% 51.65% 52.95% 50.82%
Ordinary shares 0.01 0.01 0.01 0.01 0.01
Capital in excess of par value 32.87 35.74 36.59 38.74 37.19
Retained earnings 26.81 24.18 22.32 21.35 24.90
Accumulated other comprehensive loss -10.16 -11.27 -10.68 -13.18 -13.08
Shares held in trust 0.00 0.00 0.00 -0.01 -0.01
Total Eaton shareholders’ equity 49.53% 48.66% 48.24% 46.91% 49.02%
Noncontrolling interests 0.09 0.11 0.11 0.14 0.16
Total equity 49.62% 48.76% 48.35% 47.05% 49.18%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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. Eaton Corp. plc current liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Eaton Corp. plc noncurrent liabilities as a percentage of total liabilities and equity increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
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. Eaton Corp. plc total liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.
Total Eaton 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. Eaton Corp. plc total Eaton shareholders’ equity as a percentage of total liabilities and equity increased from 2021 to 2022 and from 2022 to 2023.