Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over the five-year period Salesforce’s total assets rose from $66.3B in 2021 to $102.9B in 2025, driven mainly by a large step-up between 2021 and 2022 (≈+43.6%) followed by modest annual increases (3–4% on average). Total liabilities increased from $24.8B to $41.8B over the same span, with a pronounced jump in 2022 (≈+49.5%) and smaller changes thereafter (a slight dip in 2024, then a ~3.9% rise in 2025). The 2021→2022 inflection is the most noteworthy fluctuation and is consistent with a major acquisition or revaluation event that materially expanded both assets (including intangibles/goodwill) and corresponding liabilities. Stockholders’ equity grew from $41.5B to $61.2B (≈+47% total), with most of that increase occurring in 2022; equity expansion has been muted since (low single-digit annual gains). Leverage (liabilities/assets) moved up modestly from ~37% to ~41%, leaving Salesforce with a moderate debt ratio typical for a large SaaS company that finances growth and M&A while retaining a substantial equity cushion. In sum, the balance sheet looks larger and slightly more leveraged after 2022 but remains healthy—monitor future asset composition (intangibles vs. cash/receivables), debt maturities, and organic earnings to ensure sustained equity growth.
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.