Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
From 2021 through 2024 Check Point’s balance sheet is relatively stable in size but shows a clear shift in financing mix. Total assets moved from $5,900.2m in 2021 to $5,754.5m in 2024 (a decline of about $145.7m, or –2.5%), after a dip to ~$5,695m in 2023 and a slight rebound in 2024. Liabilities rose steadily from $2,643.1m to $2,965.1m (an increase of $322.0m, or +12.2%), while stockholders’ equity fell from $3,257.1m to $2,789.4m (a decline of $467.7m, or –14.4%). The company’s liabilities-to-assets ratio rose from ~44.8% in 2021 to ~51.6% in 2024, and equity-to-assets fell from ~55.2% to ~48.4%, indicating increasing leverage and a shrinking equity cushion. Those movements suggest Check Point has maintained a fairly steady asset base while funding more of it with liabilities (or returning capital to shareholders) rather than growing retained equity. In the context of the cybersecurity/software sector—where mature companies often generate strong free cash flow and use buybacks/dividends—the equity reduction could reflect capital returns (or lower retained earnings) rather than operational distress, but the steady rise in liabilities deserves monitoring (could be higher debt, deferred revenue, or accrued liabilities). Note the 2025 row contains zeros and appears to be missing data; to complete the picture you should review the company’s cash-flow statement and notes (debt composition, buybacks/dividends, and deferred revenue trends) to determine whether the change in equity is driven by capital returns, one-time charges, or operating losses.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.