Cisco Systems, Inc. (CSCO) Balance Sheet
CSCO balance sheet, FY2026
July 31, 2026 · U.S. dollars$129.64B assets = $79.35B liabilities + $50.28B equity
Both columns are drawn to the same scale: what CSCO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CSCO financial health
Current ratio0.93
Tight · current assets cover current liabilities 0.93×
Debt / equity0.59
Moderate leverage · $0.59 of debt for each $1 of equity
Equity / assets38.8%
Balanced · of assets funded by shareholders
Cash / debt53.9%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles51.7%
Mostly intangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
CSCO balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $129.82BFY2017 | $129.64BFY2026 | −0.0%/yr | |
| Total liabilities | $63.68BFY2017 | $79.35BFY2026 | +2.5%/yr | |
| Shareholders’ equity | $66.14BFY2017 | $50.28BFY2026 | −3.0%/yr | |
| Cash & short-term investments | $70.49BFY2017 | $15.92BFY2026 | −15.2%/yr | |
| Total debt | $33.72BFY2017 | $29.53BFY2026 | −1.5%/yr | |
| Net cash (debt) | $36.77BFY2017 | −$13.62BFY2026 | −$50.4B | |
| Working capital | $56.12BFY2017 | −$2.86BFY2026 | −$59.0B | |
| Book value per share | $13.10FY2017 | $12.61FY2026 | −0.4%/yr | |
| Current ratio | 3.03FY2017 | 0.93FY2026 | −2.10 | |
| Debt / equity | 0.51FY2017 | 0.59FY2026 | +0.08 | |
| Shares outstanding | 5.05BFY2017 | 3.99BFY2026 | −2.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CSCO assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CSCO liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CSCO debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CSCO balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $15.92B | $16.11B | $17.85B | $26.15B | $19.27B | $24.52B | $29.42B | $33.41B | $46.55B | $70.49B |
| Cash & equivalents | $7.22B | $8.35B | $7.51B | $10.12B | $7.08B | $9.18B | $11.81B | $11.75B | $8.93B | $11.71B |
| Short-term investments | $8.70B | $7.76B | $10.35B | $16.02B | $12.19B | $15.34B | $17.61B | $21.66B | $37.61B | $58.78B |
| Receivables | $10.86B | $9.76B | $10.02B | $9.21B | $10.53B | $10.15B | $10.52B | $10.59B | $10.50B | $10.00B |
| Inventory | $5.69B | $3.16B | $3.37B | $3.64B | $2.57B | $1.56B | $1.28B | $1.38B | $1.85B | $1.62B |
| Other current assets | $6.19B | $5.95B | $5.61B | $4.35B | $4.36B | $2.89B | $2.35B | $2.37B | $2.94B | $1.59B |
| Total current assets | $38.66B | $34.99B | $36.86B | $43.35B | $36.72B | $39.11B | $43.57B | $47.76B | $61.84B | $83.70B |
| Property, plant & equipment (net) | $2.76B | $2.11B | $2.09B | $2.08B | $2.00B | $2.34B | $2.45B | $2.79B | $3.01B | $3.32B |
| Goodwill & intangible assets | $67.03B | $68.31B | $69.88B | $40.35B | $40.87B | $41.79B | $35.38B | $35.73B | $34.26B | $32.30B |
| Long-term investments | $0 | $0 | $0 | $0 | $4.01B | $4.88B | $5.71B | $4.96B | $4.88B | $4.74B |
| Other non-current assets | $21.18B | $16.88B | $15.58B | $16.07B | $10.41B | $9.38B | $7.73B | $6.56B | $4.80B | $5.75B |
| Total assets | $129.64B | $122.29B | $124.41B | $101.85B | $94.00B | $97.50B | $94.85B | $97.79B | $108.78B | $129.82B |
| Liabilities | ||||||||||
| Accounts payable | $3.37B | $2.53B | $2.30B | $2.31B | $2.28B | $2.36B | $2.22B | $2.06B | $1.90B | $1.39B |
| Short-term debt | $10.16B | $5.23B | $11.34B | $1.73B | $1.42B | $2.51B | $3.00B | $10.19B | $5.24B | $7.99B |
| Deferred revenue | $16.99B | $16.42B | $16.25B | $13.91B | $12.78B | $12.15B | $11.41B | $10.67B | $11.49B | $10.82B |
| Total current liabilities | $41.52B | $35.06B | $40.58B | $31.31B | $25.64B | $26.26B | $25.33B | $31.71B | $27.04B | $27.58B |
| Long-term debt | $19.37B | $22.86B | $19.62B | $6.66B | $8.42B | $9.02B | $11.58B | $14.47B | $20.33B | $25.73B |
| Other long-term liabilities | $18.45B | $17.52B | $18.75B | $19.53B | $20.17B | $20.95B | $20.02B | $18.04B | $18.21B | $10.37B |
| Total liabilities | $79.35B | $75.45B | $78.96B | $57.50B | $54.23B | $56.22B | $56.93B | $64.22B | $65.58B | $63.68B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $50.28B | $47.75B | $45.80B | $44.29B | $42.71B | $42.35B | $41.20B | $40.27B | $85.64B | $90.51B |
| Retained earnings (deficit) | $1.56B | $50.0M | $1.09B | $1.64B | −$1.32B | −$654.0M | −$2.76B | −$5.90B | $1.23B | $20.84B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$956.0M | −$954.0M | −$1.43B | −$1.57B | −$1.62B | −$417.0M | −$519.0M | −$792.0M | −$849.0M | $46.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $50.28B | $46.84B | $45.46B | $44.35B | $39.77B | $41.27B | $37.92B | $33.57B | $43.20B | $66.14B |
| Key figures | ||||||||||
| Total debt | $29.53B | $28.09B | $30.97B | $8.39B | $10.56B | $11.53B | $14.58B | $24.67B | $25.57B | $33.72B |
| Net cash (debt) | −$13.62B | −$11.98B | −$13.12B | $17.75B | $8.71B | $12.99B | $14.84B | $8.75B | $20.98B | $36.77B |
| Working capital | −$2.86B | −$78.0M | −$3.72B | $12.04B | $11.08B | $12.86B | $18.24B | $16.04B | $34.80B | $56.12B |
| Tangible book value | −$16.75B | −$21.47B | −$24.42B | $4.00B | −$1.10B | −$512.0M | $2.54B | −$2.16B | $8.95B | $33.83B |
| Book value per share | $12.61 | $11.72 | $11.19 | $10.80 | $9.49 | $9.74 | $8.91 | $7.54 | $8.85 | $13.10 |
| Shares outstanding | 3.99B | 4.00B | 4.06B | 4.11B | 4.19B | 4.24B | 4.25B | 4.45B | 4.88B | 5.05B |
| Current ratio | 0.93 | 1.00 | 0.91 | 1.38 | 1.43 | 1.49 | 1.72 | 1.51 | 2.29 | 3.03 |
| Quick ratio | 0.64 | 0.74 | 0.69 | 1.13 | 1.16 | 1.32 | 1.58 | 1.39 | 2.11 | 2.92 |
| Debt / equity | 0.59 | 0.60 | 0.68 | 0.19 | 0.27 | 0.28 | 0.38 | 0.73 | 0.59 | 0.51 |
| Equity / assets | 38.8% | 38.3% | 36.5% | 43.5% | 42.3% | 42.3% | 40.0% | 34.3% | 39.7% | 50.9% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $15.92B | $16.64B | $15.78B | $15.74B | $16.11B | $15.64B | $16.85B | $18.67B | $17.85B | $18.77B | $25.67B | $23.52B |
| Cash & equivalents | $7.22B | $7.08B | $7.46B | $8.40B | $8.35B | $8.16B | $8.56B | $9.06B | $7.51B | $8.91B | $13.71B | $9.60B |
| Short-term investments | $8.70B | $9.56B | $8.32B | $7.34B | $7.76B | $7.48B | $8.30B | $9.61B | $10.35B | $9.86B | $11.96B | $13.92B |
| Receivables | $10.86B | $6.48B | $9.55B | $7.91B | $9.76B | $8.23B | $8.74B | $7.58B | $10.02B | $8.57B | $8.36B | $8.25B |
| Inventory | $5.69B | $4.71B | $3.92B | $3.40B | $3.16B | $2.83B | $2.93B | $3.14B | $3.37B | $3.12B | $3.21B | $3.34B |
| Other current assets | $6.19B | $8.73B | $5.88B | $5.83B | $5.95B | $6.11B | $6.16B | $6.36B | $5.61B | $5.43B | $4.89B | $4.55B |
| Total current assets | $38.66B | $36.56B | $35.13B | $32.88B | $34.99B | $32.82B | $34.68B | $35.75B | $36.86B | $35.89B | $42.13B | $39.66B |
| Property, plant & equipment (net) | $2.76B | $2.58B | $2.35B | $2.25B | $2.11B | $2.08B | $1.99B | $2.08B | $2.09B | $2.00B | $2.00B | $2.00B |
| Goodwill & intangible assets | $67.03B | $67.14B | $67.54B | $67.83B | $68.31B | $68.67B | $68.86B | $69.52B | $69.88B | $70.45B | $40.77B | $40.81B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $21.18B | $19.27B | $18.35B | $18.15B | $16.88B | $16.22B | $15.84B | $15.98B | $15.58B | $14.66B | $16.28B | $16.30B |
| Total assets | $129.64B | $125.55B | $123.37B | $121.10B | $122.29B | $119.78B | $121.38B | $123.33B | $124.41B | $123.00B | $101.17B | $98.78B |
| Liabilities | ||||||||||||
| Accounts payable | $3.37B | $2.97B | $2.76B | $2.42B | $2.53B | $2.26B | $1.90B | $2.00B | $2.30B | $2.05B | $1.85B | $2.08B |
| Short-term debt | $10.16B | $11.93B | $8.72B | $6.72B | $5.23B | $6.42B | $11.41B | $12.36B | $11.34B | $11.89B | $4.94B | $990.0M |
| Deferred revenue | $16.99B | $16.45B | $16.20B | $15.80B | $16.42B | $16.08B | $16.00B | $15.62B | $16.25B | $15.75B | $14.01B | $13.81B |
| Total current liabilities | $41.52B | $39.54B | $36.79B | $35.45B | $35.06B | $34.49B | $40.02B | $40.54B | $40.58B | $40.11B | $30.85B | $27.04B |
| Long-term debt | $19.37B | $19.37B | $21.37B | $21.36B | $22.86B | $22.86B | $19.62B | $19.62B | $19.62B | $20.10B | $6.67B | $6.66B |
| Other long-term liabilities | $18.45B | $14.46B | $17.50B | $17.41B | $17.52B | $16.50B | $16.20B | $17.89B | $18.75B | $17.02B | $17.40B | $19.88B |
| Total liabilities | $79.35B | $76.69B | $75.65B | $74.23B | $75.45B | $73.85B | $75.84B | $78.06B | $78.96B | $77.23B | $54.92B | $53.57B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $49.68B | $48.95B | $48.49B | $48.17B | $47.75B | $46.92B | $46.52B | $45.99B | $45.80B | $45.34B | $45.00B | $44.55B |
| Retained earnings (deficit) | $1.56B | $704.0M | $66.0M | −$364.0M | $50.0M | $152.0M | $502.0M | $662.0M | $1.09B | $2.06B | $2.76B | $2.69B |
| Accumulated other comprehensive income | −$956.0M | −$793.0M | −$836.0M | −$930.0M | −$954.0M | −$1.13B | −$1.49B | −$1.38B | −$1.43B | −$1.63B | −$1.51B | −$2.02B |
| Total shareholders' equity | $50.28B | $48.86B | $47.72B | $46.87B | $46.84B | $45.94B | $45.53B | $45.28B | $45.46B | $45.77B | $46.25B | $45.21B |
| Key figures | ||||||||||||
| Total debt | $29.53B | $31.30B | $30.09B | $28.09B | $28.09B | $29.28B | $31.04B | $31.99B | $30.97B | $31.99B | $11.61B | $7.65B |
| Net cash (debt) | −$13.62B | −$14.66B | −$14.31B | −$12.35B | −$11.98B | −$13.64B | −$14.18B | −$13.32B | −$13.12B | −$13.22B | $14.07B | $15.87B |
| Working capital | −$2.86B | −$2.98B | −$1.66B | −$2.58B | −$78.0M | −$1.68B | −$5.34B | −$4.79B | −$3.72B | −$4.22B | $11.28B | $12.62B |
| Tangible book value | −$16.75B | −$18.28B | −$19.82B | −$20.96B | −$21.47B | −$22.73B | −$23.33B | −$24.24B | −$24.42B | −$24.68B | $5.49B | $4.40B |
| Book value per share | $12.61 | $12.26 | $11.97 | $11.74 | $11.73 | $11.47 | $11.37 | $11.28 | $11.27 | $11.27 | $11.36 | $11.06 |
| Shares outstanding | 3.99B | 3.99B | 3.99B | 3.99B | 3.99B | 4.00B | 4.00B | 4.01B | 4.04B | 4.06B | 4.07B | 4.09B |
| Current ratio | 0.93 | 0.92 | 0.96 | 0.93 | 1.00 | 0.95 | 0.87 | 0.88 | 0.91 | 0.89 | 1.37 | 1.47 |
| Quick ratio | 0.64 | 0.58 | 0.69 | 0.67 | 0.74 | 0.69 | 0.64 | 0.65 | 0.69 | 0.68 | 1.10 | 1.18 |
| Debt / equity | 0.59 | 0.64 | 0.63 | 0.60 | 0.60 | 0.64 | 0.68 | 0.71 | 0.68 | 0.70 | 0.25 | 0.17 |
| Equity / assets | 38.8% | 38.9% | 38.7% | 38.7% | 38.3% | 38.3% | 37.5% | 36.7% | 36.5% | 37.2% | 45.7% | 45.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 2, 2026); data from EODHD.
CSCO financial position
At the end of fiscal 2026 (July 31, 2026), Cisco had total assets of $129.6 billion (up 6.0% from a year earlier), total liabilities of $79.4 billion and shareholders' equity of $50.3 billion. It held $15.9 billion in cash and short-term investments against $29.5 billion of debt, net debt of $13.6 billion. Its current ratio was 0.93.
Related: CSCO income statement, CSCO cash flow statement, CSCO key metrics. See the CSCO stock overview for the latest quote and news.
CSCO balance sheet FAQ
What are Cisco's total assets?
Cisco reported total assets of $129.6 billion at the end of fiscal 2026 (July 31, 2026), compared with $122.3 billion a year earlier.
How much debt does Cisco have?
Cisco had $29.5 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.59.
How much cash does Cisco have?
Cisco held $15.9 billion in cash and short-term investments at the end of fiscal 2026; with $29.5 billion of debt that is net debt of $13.6 billion.
What is Cisco's book value?
Cisco's shareholders' equity (book value) was $50.3 billion at the end of fiscal 2026, or $12.61 per share.
What is Cisco's current ratio?
Cisco had current assets of $38.7 billion and current liabilities of $41.5 billion, a current ratio of 0.93 (current liabilities exceed current assets).
How much goodwill does Cisco have?
Cisco carried $67.0 billion of goodwill and intangible assets, 51.7% of total assets, at the end of fiscal 2026.