Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over 2021–2024 Arista’s balance sheet shows rapid expansion: total assets rose from $5,734m in 2021 to $14,044m in 2024 — a ~145% increase (2.45x), with particularly strong jumps in 2023 (+46.8% YoY) and 2024 (+41.2% YoY). Stockholders’ equity increased in step, from $3,979m to $9,995m (≈+151%, 2.51x), driven by large equity growth in 2022–2023 and continued accumulation in 2024. Total liabilities also expanded (from $1,756m to $4,049m, ≈+131%), but at a slightly lower absolute pace than assets and equity. Leverage remained fairly conservative and stable: liabilities as a share of assets hovered around the high-20% range (≈30.6% in 2021 → ~28.8% in 2024), while equity accounted for roughly 69–73% of the capital structure, peaking in 2022–2023. That combination — strong asset and equity growth with only modest increases in liabilities — suggests balance-sheet strengthening and capacity to finance continued investment from internally generated funds or equity rather than meaningful debt increases. The 2025 row contains zeros and appears to be missing data. In the context of the networking/cloud infrastructure industry, these trends are consistent with a fast-growing vendor scaling infrastructure, working capital and cash balances to support larger sales and customer deployments while maintaining a conservative leverage profile.
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.