Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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From 2021 through 2023 Broadcom’s balance sheet was relatively stable: total assets hovered around $73–76 billion (75.6B in 2021 → 72.9B in 2023), liabilities were roughly $49–50 billion, and equity sat in the mid-$20 billions (24.96B → 23.99B). In 2024 the company’s balance sheet expanded sharply — assets jumped to $165.6B (up ~127% vs 2023), liabilities rose to $97.97B (up ~100%), and equity increased to $67.7B (up ~182%). That one-year step-change is consistent with a major acquisition or consolidation common in the semiconductor/enterprise software sectors, which typically increases both assets (goodwill, intangible assets, subsidiaries) and associated financing liabilities. In 2025 the balance sheet shows stabilization and partial deleveraging: assets edged up to $171.1B (+3.3% vs 2024), liabilities fell to $89.8B (−8.3%), and equity grew to $81.3B (+20.1%). As a result the liabilities-to-assets ratio dropped from about 59% in 2024 to ~52.5% in 2025 (compared with ~67% pre-2024), indicating an improved solvency profile and a stronger equity cushion. The key takeaway is a transition from a steady pre‑2024 footprint to a materially larger, M&A‑driven balance sheet that is now being de‑levered; however, absolute liabilities remain sizable, so monitoring integration progress, cash generation and interest/financing risk is important.
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.