Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over the five-year span your file shows Toyota’s total assets rising steadily from 62,267,140 to 93,601,350 (as reported in your JSON), an increase of about 50.3% overall with year‑over‑year growth of ~8.7% (2021→22), 9.8% (22→23), a pronounced jump of 21.3% (23→24), and a smaller 3.9% increase into 2025. Total liabilities follow a very similar pattern, climbing from 37,978,811 to 56,722,437 (+49.4% overall) with the same notable ~21.8% leap in 2024. The parallel movements in assets and liabilities indicate the company expanded its balance sheet materially in 2024 (likely from large investments, working‑capital build, acquisitions, or valuation/currency effects), while 2025 shows a plateauing/normalization after that spike. The stockholders’ equity field in your data is zero for every year, which appears to be a reporting or extraction issue; implied equity (assets minus liabilities) grows from 24,288,329 to 36,878,913 (+51.9%) over the period. Leverage is therefore roughly stable: liabilities/assets runs about 60–61% across the five years (equity/asset ~39–40%), meaning the growth was financed in roughly consistent proportions of debt and equity. In industry context, this pattern is consistent with a large automaker scaling capital investment (EV/battery programs, manufacturing capacity, or R&D) and rebuilding inventories/receivables after pandemic disruption — a one‑time surge in 2024 followed by more modest expansion in 2025.
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.