Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $1,042 | $1,364 | $1,411 | $1,603 | $2,527 |
| Liabilities | $696 | $951 | $1,013 | $1,143 | $2,088 |
| Equity | $346 | $412 | $399 | $460 | $439 |
Balance sheet data in USD (millions)
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Edwyn
Over the past five years, PROGRESS SOFTWARE CORP /MA has shown significant growth in its total assets, increasing from $1.04 billion in 2020 to $2.53 billion in 2024. This growth indicates that the company has been investing in its operations, expanding its business, or acquiring new assets. However, it is important to note that a substantial portion of this asset growth in 2024 seems to be driven by an increase in liabilities rather than equity, as evidenced by the significant rise in total liabilities from $695.77 million in 2020 to $2.09 billion in 2024. The company's equity position has fluctuated over the years, reaching its lowest point in 2024 at $438.79 million. This suggests that the company may have taken on more debt or experienced a decline in retained earnings, which could potentially weaken its financial health and ability to weather economic uncertainties. It would be important for stakeholders to closely monitor the company's leverage levels and profitability to ensure sustainability. In the industry context, such fluctuations in equity and the increasing reliance on debt could indicate a shift in the company's capital structure strategy or a response to competitive pressures or market conditions.
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.