Applied Materials, Inc. (AMAT) annual balance sheet — 30-year assets, liabilities & equity history
| Metric | TTM | Oct'25 | Oct'24 | Oct'23 | Oct'22 | Oct'21 | Oct'20 | Oct'19 | Oct'18 | Oct'17 | Oct'16 | Oct'15 | Oct'14 | Oct'13 | Oct'12 | Oct'11 | Oct'10 | Oct'09 | Oct'08 | Oct'07 | Oct'06 | Oct'05 | Oct'04 | Oct'03 | Oct'02 | Oct'01 | Oct'00 | Oct'99 | Oct'98 | Oct'97 | Oct'96 |
|---|
| Total Current Assets | 22.57B | 20.88B | 21.22B | 19.15B | 15.93B | 16.11B | 13.37B | 10.21B | 10.6B | 12.92B | 8.35B | 9.26B | 6.97B | 5.64B | 5.1B | 10.36B | 6.77B | 5.69B | 6.66B | 6.61B | 6.08B | 9.45B | 10.28B | 8.37B | 8.07B | 7.78B | 8.84B | 5.06B | 3.52B | 3.77B | 2.69B |
| Cash & Short-Term Investments | 8.24B | 8.57B | 9.47B | 6.87B | 2.58B | 5.46B | 5.74B | 3.62B | 4.03B | 7.28B | 3.75B | 4.96B | 3.16B | 1.89B | 1.94B | 6.24B | 2.58B | 2.21B | 2.1B | 2.37B | 1.9B | 5.94B | 6.58B | 5.49B | 4.93B | 4.84B | 4.23B | 2.76B | 1.76B | 1.54B | 1.04B |
| Cash Only | 6.3B | 7.24B | 8.02B | 6.13B | 2B | 5B | 5.35B | 3.13B | 3.44B | 5.01B | 3.41B | 4.8B | 3B | 1.71B | 1.39B | 5.96B | 1.86B | 1.58B | 1.41B | 1.2B | 861.46M | 990.34M | 1.49B | 1.36B | 1.28B | 1.36B | 1.65B | 823.3M | 575.2M | 448M | 403.9M |
| Short-Term Investments | 1.94B | 1.33B | 1.45B | 737M | 586M | 464M | 387M | 489M | 590M | 2.27B | 343M | 168M | 160M | 180M | 545M | 283M | 726.92M | 638.35M | 689.04M | 1.17B | 1.04B | 4.94B | 5.08B | 4.13B | 3.64B | 3.49B | 2.58B | 1.94B | 1.19B | 1.09B | 633.7M |
| Accounts Receivable | 6.37B | 5.33B | 5.35B | 5.58B | 6.53B | 5.55B | 3.11B | 2.64B | 2.42B | 2.34B | 2.28B | 1.74B | 1.67B | 1.64B | 1.22B | 1.53B | 1.83B | 1.04B | 1.82B | 2.05B | 2.03B | 1.62B | 1.67B | 912.88M | 1.05B | 776.45M | 2.35B | 1.2B | 764.5M | 1.11B | 822.4M |
| Days Sales Outstanding | 70.77 | 68.62 | 71.91 | 76.77 | 92.42 | 87.77 | 66.01 | 65.99 | 52.92 | 58.06 | 76.84 | 65.71 | 67.19 | 79.72 | 51.07 | 53.17 | 69.99 | 75.82 | 81.57 | 76.84 | 80.68 | 84.34 | 76.08 | 74.42 | 75.42 | 38.59 | 89.73 | 90 | 69.04 | 99.52 | 72.42 |
| Inventory | 6.34B | 5.92B | 5.42B | 5.72B | 5.93B | 4.31B | 3.9B | 3.47B | 3.72B | 2.93B | 2.05B | 1.83B | 1.57B | 1.41B | 1.27B | 1.7B | 1.55B | 1.63B | 1.99B | 1.31B | 1.41B | 1.03B | 1.14B | 950.69M | 1.27B | 1.41B | 1.5B | 632.7M | 555.9M | 686.5M | 478.6M |
| Days Inventory Outstanding | 148.21 | 148.28 | 138.57 | 147.85 | 156.99 | 129.46 | 149.84 | 154.22 | 147.82 | 132.26 | 118.51 | 117.23 | 109.38 | 114.15 | 85.88 | 100.84 | 96.82 | 165.8 | 154.76 | 91.43 | 105.32 | 96.63 | 96.45 | 120.79 | 154.69 | 126.06 | 116.57 | 91.02 | 93.14 | 115.29 | 79.58 |
| Other Current Assets | 1.61B | 1.06B | 974M | 976M | 422M | 200M | 616M | 473M | 431M | 374M | 275M | 724M | 396M | 563M | 673M | 879M | 802.35M | 805.26M | 759.84M | 873.38M | 750.71M | 863.75M | 894M | 1.01B | 823.43M | 751.33M | 755.98M | 469.2M | 435M | 430.1M | 354.5M |
| Total Non-Current Assets | 17.71B | 15.42B | 13.19B | 11.58B | 10.8B | 9.72B | 8.98B | 8.83B | 7.04B | 6.51B | 6.22B | 6.05B | 6.21B | 6.4B | 7B | 3.51B | 4.18B | 3.89B | 4.24B | 4.05B | 3.4B | 1.82B | 1.87B | 1.94B | 2.15B | 2.05B | 1.71B | 1.65B | 1.41B | 1.3B | 944.9M |
| Property, Plant & Equipment | 5.25B | 5.12B | 3.71B | 3.2B | 2.7B | 2.23B | 1.86B | 1.53B | 1.41B | 1.07B | 937M | 892M | 861M | 850M | 910M | 866M | 963M | 1.09B | 1.09B | 1.05B | 1.02B | 1.28B | 1.35B | 1.56B | 1.76B | 1.71B | 1.37B | 1.23B | 1.26B | 1.07B | 919M |
| Fixed Asset Turnover | 5.81x | 5.54x | 7.32x | 8.28x | 9.56x | 10.35x | 9.27x | 9.55x | 11.87x | 13.79x | 11.55x | 10.83x | 10.54x | 8.83x | 9.58x | 12.14x | 9.92x | 4.60x | 7.43x | 9.26x | 8.95x | 5.48x | 5.96x | 2.87x | 2.87x | 4.30x | 7.00x | 3.96x | 3.20x | 3.82x | 4.51x |
| Goodwill | 3.82B | 3.71B | 3.73B | 3.73B | 3.7B | 3.48B | 3.47B | 3.4B | 3.37B | 3.37B | 3.32B | 3.3B | 3.3B | 3.29B | 3.52B | 1.33B | 1.34B | 1.17B | 1.17B | 1B | 572.56M | 338.98M | 257.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 330M | 226M | 249M | 294M | 339M | 104M | 153M | 156M | 213M | 412M | 575M | 762M | 951M | 1.1B | 1.35B | 211M | 286.82M | 306.42M | 388.43M | 373.18M | 201.07M | 81.09M | 50.29M | 316.03M | 202.29M | 0 | 0 | 162.01M | 0 | 199.6M | 0 |
| Long-Term Investments | 18.64B | 4.33B | 2.79B | 2.28B | 1.98B | 2.06B | 1.54B | 1.7B | 1.57B | 1.14B | 929M | 946M | 935M | 1B | 1.05B | 931M | 1.31B | 1.05B | 1.37B | 1.36B | 1.31B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 806M | 314M | 345M | 691M | 229M | 260M | 276M | 260M | 132M | 89M | 90M | 89M | 96M | 111M | 85M | 0 | 0 | 79.53M | 115.06M | 28.77M | 38.32M | 80.25M | 64.99M | 184.75M | 339.85M | 339.8M | 256.29M | 149.2M | 34.7M | 25.9M |
| Total Assets | 40.29B | 36.3B | 34.41B | 30.73B | 26.73B | 25.82B | 22.35B | 19.04B | 17.64B | 19.42B | 14.57B | 15.31B | 13.17B | 12.04B | 12.1B | 13.86B | 10.94B | 9.57B | 10.91B | 10.65B | 9.48B | 11.27B | 12.15B | 10.31B | 10.22B | 9.83B | 10.55B | 6.71B | 4.93B | 5.07B | 3.64B |
| Asset Turnover | 0.78x | 0.78x | 0.79x | 0.86x | 0.96x | 0.89x | 0.77x | 0.77x | 0.95x | 0.76x | 0.74x | 0.63x | 0.69x | 0.62x | 0.72x | 0.76x | 0.87x | 0.52x | 0.75x | 0.91x | 0.97x | 0.62x | 0.66x | 0.43x | 0.50x | 0.75x | 0.91x | 0.72x | 0.82x | 0.80x | 1.14x |
| Asset Growth % | 39.87% | 5.49% | 11.98% | 14.98% | 3.49% | 15.53% | 17.43% | 7.88% | -9.16% | 33.31% | -4.81% | 16.2% | 9.39% | -0.49% | -12.69% | 26.66% | 14.3% | -12.21% | 2.37% | 12.37% | -15.87% | -7.25% | 17.83% | 0.85% | 4.03% | -6.8% | 57.25% | 36.04% | -2.78% | 39.38% | 22.68% |
| Total Current Liabilities | 9B | 8B | 8.47B | 7.37B | 7.38B | 6.34B | 4.46B | 4.45B | 3.92B | 4.12B | 3.63B | 3.8B | 2.82B | 2.44B | 2.27B | 2.79B | 2.89B | 1.94B | 2.95B | 2.37B | 2.44B | 1.77B | 2.29B | 1.64B | 1.5B | 1.53B | 2.76B | 1.67B | 1.12B | 1.4B | 935.2M |
| Accounts Payable | 5.23B | 1.98B | 1.57B | 1.48B | 1.75B | 1.47B | 1.12B | 958M | 996M | 945M | 813M | 658M | 613M | 582M | 396M | 484M | 657.97M | 477.15M | 588.25M | 455.89M | 2.02B | 1.62B | 350.11M | 1.32B | 1.35B | 1.48B | 2.27B | 382.92M | 1.04B | 1.16B | 791.9M |
| Days Payables Outstanding | 67.14 | 49.59 | 40.13 | 38.17 | 46.45 | 44.22 | 43.14 | 42.53 | 39.57 | 42.66 | 47 | 42.08 | 42.79 | 47.02 | 26.74 | 28.69 | 41.17 | 48.61 | 45.82 | 31.74 | 151.51 | 151.2 | 29.64 | 167.64 | 163.72 | 131.82 | 175.85 | 55.08 | 174.47 | 194.44 | 131.68 |
| Short-Term Debt | 1.2B | 100M | 800M | 100M | 0 | 0 | 64M | 600M | 0 | 0 | 200M | 1.2B | 0 | 0 | 0 | 0 | 1.26M | 1.24M | 1.07M | 2.56M | 202.53M | 7.57M | 45.86M | 105.29M | 49.78M | 4.81M | 106.3M | 42.27M | 8M | 66.5M | 100.1M |
| Deferred Revenue (Current) | 10.08B | 2.57B | 2.85B | 2.98B | 3.14B | 2.08B | 1.32B | 1.34B | 1.2B | 1.28B | 905M | 633M | 654M | 619M | 612M | 867M | 847.23M | 864.28M | 1.23B | 445.48M | 369.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 1.39B | 1.44B | 1.02B | 905M | 924M | 928M | 834M | 950M | 1.11B | 1.1B | 738M | 890M | 752M | 757M | 830M | 539.25M | 166.53M | 390.86M | 81.33M | 738.96M | 139.8M | 1.12B | 216.11M | 103.52M | 50.48M | 384.81M | 1.24B | 69M | 177.8M | 43.2M |
| Current Ratio | 2.51x | 2.61x | 2.51x | 2.60x | 2.16x | 2.54x | 3.00x | 2.30x | 2.70x | 3.14x | 2.30x | 2.44x | 2.47x | 2.31x | 2.25x | 3.71x | 2.34x | 2.93x | 2.26x | 2.78x | 2.50x | 5.35x | 4.49x | 5.10x | 5.38x | 5.08x | 3.20x | 3.03x | 3.15x | 2.69x | 2.88x |
| Quick Ratio | 1.80x | 1.87x | 1.87x | 1.82x | 1.35x | 1.86x | 2.12x | 1.51x | 1.75x | 2.43x | 1.74x | 1.96x | 1.91x | 1.73x | 1.69x | 3.10x | 1.81x | 2.09x | 1.59x | 2.23x | 1.92x | 4.77x | 4.00x | 4.52x | 4.53x | 4.16x | 2.66x | 2.65x | 2.65x | 2.20x | 2.37x |
| Cash Conversion Cycle | 151.84 | 167.31 | 170.35 | 186.45 | 202.96 | 173.01 | 172.71 | 177.68 | 161.17 | 147.66 | 148.35 | 140.86 | 133.78 | 146.85 | 110.22 | 125.32 | 125.64 | 193.01 | 190.51 | 136.53 | 34.49 | 29.77 | 142.89 | 27.57 | 66.39 | 32.84 | 30.45 | 125.93 | -12.29 | 20.37 | 20.33 |
| Total Non-Current Liabilities | 7.38B | 7.88B | 6.94B | 7.01B | 7.15B | 7.23B | 7.32B | 6.36B | 6.87B | 5.96B | 3.74B | 3.9B | 2.48B | 2.51B | 2.6B | 2.27B | 519.36M | 540.18M | 511.81M | 459.24M | 393.39M | 575.19M | 543.44M | 602.71M | 703.66M | 688.96M | 681.67M | 707.75M | 690.8M | 726.5M | 332.4M |
| Long-Term Debt | 5.26B | 6.46B | 5.46B | 5.46B | 5.46B | 5.45B | 5.45B | 4.71B | 5.31B | 5.3B | 3.13B | 3.34B | 1.95B | 1.95B | 1.95B | 1.95B | 204.27M | 200.65M | 201.58M | 202.28M | 204.71M | 407.38M | 410.44M | 456.42M | 573.85M | 564.8M | 573.13M | 584.4M | 616.6M | 623.1M | 275.5M |
| Capital Lease Obligations | 1.35B | 404M | 259M | 252M | 287M | 228M | 195M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11M | 12M | 5M | 1M | 56M | 32M | 71M | 200M | 104M | 0 | 0 | 0 | 0 | 0 | 167.81M | 133M | 146.29M | 129.81M | 124.15M | 108.55M | 123.4M | 11.3M | 47.2M | 11.6M |
| Other Non-Current Liabilities | 2.12B | 1.03B | 1.22B | 1.29B | 1.41B | 1.55B | 1.67B | 1.65B | 1.56B | 651M | 596M | 499M | 504M | 495M | 456M | 216M | 315.08M | 339.52M | 310.23M | 256.96M | 188.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62.9M | 56.2M | 45.3M |
| Total Liabilities | 16.38B | 15.88B | 15.41B | 14.38B | 14.53B | 13.58B | 11.78B | 10.81B | 10.79B | 10.07B | 7.37B | 7.7B | 5.31B | 4.96B | 4.87B | 5.06B | 3.41B | 2.48B | 3.46B | 2.83B | 2.83B | 2.34B | 2.83B | 2.24B | 2.21B | 2.22B | 3.44B | 2.37B | 1.81B | 2.13B | 1.27B |
| Total Debt | 6.46B | 7.05B | 6.61B | 6B | 5.83B | 5.75B | 5.71B | 5.31B | 5.31B | 5.3B | 3.33B | 4.54B | 1.95B | 1.95B | 1.95B | 1.95B | 205.53M | 201.89M | 202.64M | 204.84M | 407.24M | 414.95M | 456.3M | 561.71M | 623.63M | 569.61M | 679.42M | 626.7M | 624.6M | 689.6M | 375.6M |
| Net Debt | 154M | -191M | -1.42B | -133M | 3.83B | 758M | 356M | 2.18B | 1.87B | 294M | -81M | -255M | -1.05B | 235M | 554M | -4.01B | -1.65B | -1.37B | -1.21B | -997.88M | -454.22M | -575.39M | -317.99M | -803.14M | -661.16M | -786.69M | -968.18M | -196.6M | 49.4M | 241.6M | -28.3M |
| Debt / Equity | 0.27x | 0.35x | 0.35x | 0.37x | 0.48x | 0.47x | 0.54x | 0.65x | 0.78x | 0.57x | 0.46x | 0.60x | 0.25x | 0.27x | 0.27x | 0.22x | 0.03x | 0.03x | 0.03x | 0.03x | 0.06x | 0.05x | 0.05x | 0.07x | 0.08x | 0.07x | 0.10x | 0.14x | 0.20x | 0.23x | 0.16x |
| Debt / EBITDA | 0.69x | 0.84x | 0.80x | 0.73x | 0.71x | 0.79x | 1.20x | 1.43x | 1.07x | 1.22x | 1.31x | 2.20x | 1.03x | 2.31x | 1.28x | 0.74x | 0.12x | - | 0.12x | 0.08x | 0.24x | 0.24x | 0.22x | 7.96x | 1.04x | 0.43x | 0.21x | 0.51x | 0.63x | 0.76x | 0.35x |
| Net Debt / EBITDA | 0.02x | -0.02x | -0.17x | -0.02x | 0.47x | 0.10x | 0.08x | 0.59x | 0.38x | 0.07x | -0.03x | -0.12x | -0.56x | 0.28x | 0.37x | -1.52x | -0.98x | - | -0.72x | -0.38x | -0.26x | -0.33x | -0.15x | -11.37x | -1.11x | -0.60x | -0.29x | -0.16x | 0.05x | 0.27x | -0.03x |
| Interest Coverage | 38.76x | 35.46x | 34.00x | 33.42x | 34.33x | 29.69x | 18.36x | 14.79x | 19.79x | 20.27x | 13.99x | 16.51x | 16.46x | 4.68x | 4.33x | 41.31x | 67.07x | -21.80x | 69.70x | 64.15x | 45.99x | 42.82x | 36.52x | - | - | - | - | - | - | - | - |
| Total Equity | 23.91B | 20.41B | 19B | 16.35B | 12.19B | 12.25B | 10.58B | 8.21B | 6.84B | 9.35B | 7.22B | 7.61B | 7.87B | 7.09B | 7.24B | 8.8B | 7.54B | 7.09B | 7.45B | 7.82B | 6.65B | 8.93B | 9.26B | 8.07B | 8.02B | 7.61B | 7.1B | 4.58B | 3.12B | 2.94B | 2.37B |
| Equity Growth % | 53.66% | 7.44% | 16.22% | 34.07% | -0.43% | 15.78% | 28.78% | 20% | -26.78% | 29.54% | -5.2% | -3.24% | 11% | -2.03% | -17.78% | 16.77% | 6.22% | -4.76% | -4.76% | 17.59% | -25.5% | -3.6% | 14.8% | 0.6% | 5.43% | 7.07% | 55.28% | 46.61% | 6.06% | 24.12% | 32.91% |
| Book Value per Share | 29.92 | 25.27 | 22.78 | 19.35 | 13.90 | 13.33 | 11.46 | 8.69 | 6.67 | 8.62 | 6.47 | 6.21 | 6.39 | 5.81 | 5.67 | 6.62 | 5.59 | 5.32 | 5.42 | 5.48 | 4.25 | 5.39 | 5.38 | 4.87 | 4.71 | 4.49 | 4.13 | 2.79 | 2.06 | 1.93 | 1.62 |
| Total Shareholders' Equity | 23.91B | 20.41B | 19B | 16.35B | 12.19B | 12.25B | 10.58B | 8.21B | 6.84B | 9.35B | 7.22B | 7.61B | 7.87B | 7.09B | 7.24B | 8.8B | 7.54B | 7.09B | 7.45B | 7.82B | 6.65B | 8.93B | 9.26B | 8.07B | 8.02B | 7.61B | 7.1B | 4.58B | 3.12B | 2.94B | 2.37B |
| Common Stock | 8M | 8M | 8M | 8M | 8M | 9M | 9M | 9M | 10M | 11M | 11M | 11M | 12M | 12M | 12M | 13M | 13.28M | 13.41M | 13.31M | 13.86M | 13.92M | 16.07M | 16.8M | 16.77M | 16.48M | 8.16M | 8.13M | 3.8M | 3.7M | 3.7M | 1.8M |
| Retained Earnings | 59.27B | 55.23B | 49.65B | 43.73B | 37.89B | 32.25B | 27.21B | 24.39B | 20.88B | 18.26B | 15.25B | 13.97B | 13.07B | 12.49B | 12.7B | 13.03B | 11.51B | 10.93B | 11.5B | 10.86B | 9.47B | 8.23B | 7.16B | 5.81B | 5.96B | 5.69B | 5.19B | 3.12B | 2.33B | 2.1B | 1.6B |
| Treasury Stock | -45.78B | -45.04B | -40.15B | -36.3B | -34.1B | -28B | -24.25B | -23.6B | -21.19B | -15.91B | -14.74B | -12.85B | -11.52B | -11.52B | -11.28B | -9.86B | -9.4B | -9.05B | -9.13B | -7.73B | -6.49B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -124M | -110M | -168M | -217M | -202M | -260M | -299M | -180M | -125M | -64M | -115M | -92M | -76M | -38M | -61M | 6M | 1.67M | -1.68M | -26.57M | 11.35M | -19.01M | -37.25M | 10.32M | 14.84M | 18.61M | 24.45M | -19.17M | -300K | -4.1M | -10.4M | 5.7M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying AMAT stock.
As of 2025, Applied Materials, Inc. (AMAT) had total assets of $36.30B including $20.88B in current assets.
Applied Materials, Inc. (AMAT) carries total debt of $7.05B, offset by $8.57B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Applied Materials, Inc. (AMAT) has total shareholders' equity (book value) of $20.41B ($25.27 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Applied Materials, Inc. (AMAT) reported a current ratio of 2.61x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.