Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over 2021–2024 Cognizant’s balance sheet shows gradual strengthening: total assets rose from $17,852m in 2021 to $19,966m in 2024 (≈ +11.9%), with most of that growth occurring in 2023–24 after a flat 2022. Stockholders’ equity increased from $11,991m to $14,408m over the same period (≈ +20.1%), reflecting retained earnings and/or other equity-positive items that outpaced asset growth. Liabilities fell from $5,861m in 2021 to $5,256m in 2023 before edging up to $5,558m in 2024; overall the liability base is slightly lower than at the start of the period (≈ −5.2% from 2021 to 2024). The evolving ratios underline an improving capital structure: the liabilities-to-assets ratio declined from about 32.8% (2021) to ~27.8% (2024), while equity-to-assets rose from ~67.2% to ~72.2%, indicating lower leverage and greater solvency. The 2022 plateau in assets and the 2024 uptick in liabilities are the main fluctuations to note — the latter could reflect modest borrowing for investment, working capital, or transaction activity. Also note the 2025 row contains zeros (likely missing data) and should not be interpreted as a true balance-sheet position. Overall, the profile is consistent with an asset-light IT services company improving its equity base and maintaining relatively low leverage, leaving room for dividends, buybacks or selective M&A if management chooses.
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.