Cisco Systems, Inc. Liquidation Value
Cash & Equivalents
Key Metrics
Cash Liquidation Value
Liquid Liquidation Value
Operating Liquidation Value
Build your own liquidation scenario
Adjust asset discounts and liability assumptions to see how assumptions affect the numbers.
Liquidation Ladder
| Metric | Total | Per Share |
|---|---|---|
| Cash Liquidation Value | $-53.60B | $-13.57 |
| Liquid Liquidation Value | $-46.99B | $-11.90 |
| Operating Liquidation Value | $-43.07B | $-10.91 |
Key Components (as of 2026-01-24)
| Cash & Equivalents | $7.46B |
| Accounts Receivable | $6.61B |
| Inventory | $3.92B |
| Current Liabilities | $36.79B |
| Long-term Debt (?) | $21.37B |
| Op. Lease Liability (?) | $1.25B |
| Finance Lease (?) | N/A |
| Shares Outstanding | 3.95B |
Explore all 248 XBRL tags and build your own scenario → Open Calculator
Historical
| Period | Cash | AR | Inventory | AP | Curr Liab | LT Debt | Op Lease | Fin Lease |
|---|---|---|---|---|---|---|---|---|
| 2026-01-24 | $7.46B | $6.61B | $3.92B | $2.76B | $36.79B | $21.37B | $1.25B | N/A |
| 2025-10-25 | $8.40B | $4.83B | $3.40B | $2.42B | $35.45B | $21.36B | $1.15B | N/A |
| 2025-07-26 | $8.35B | $6.70B | $3.16B | $2.53B | $35.06B | $22.86B | $1.18B | N/A |
| 2025-04-26 | $8.16B | $5.28B | $2.83B | $2.26B | $34.49B | $22.86B | $1.11B | N/A |
SEC Filings
| Period | Form | Filed | Link |
|---|---|---|---|
| 2026-01-24 | 10-Q | 2026-02-17 | View |
| 2025-10-25 | 10-Q | 2025-11-18 | View |
| 2025-07-26 | 10-K | 2025-09-03 | View |
| 2025-04-26 | 10-Q | 2025-05-20 | View |
| 2025-01-25 | 10-Q | 2025-02-18 | View |
| 2024-10-26 | 10-Q | 2024-11-19 | View |
| 2024-07-27 | 10-K | 2024-09-05 | View |
| 2024-04-27 | 10-Q | 2024-05-21 | View |
AI Insights
Cisco Systems (CSCO) as of January 24, 2026 presents a deeply negative liquidation recovery posture, consistent with the MFFAIS-reported CLV of approximately negative $51.9B and OLV of approximately negative $41.4B. The balance sheet carries $123.4B in total assets against $75.6B in total liabilities at face value, yielding GAAP book equity of approximately $47.7B. However, under a liquidation lens, haircutting the asset base drastically erodes that equity.
The dominant asset destruction driver is goodwill at $59.2B — recoverable at zero in a wind-down — representing 48% of total assets. Finite-lived intangibles add another $8.3B at zero recovery. Together, these intangible positions consume essentially all of book equity before any other haircut is applied. Even on tangible assets, PP&E at gross $12.4B carries $7.4B of accumulated depreciation, leaving $5.0B net, recoverable at perhaps $2.5B-$3.5B at a 50-70% rate.
On the positive side, Cisco's liquidity position is substantive: $7.5B cash (100% recovery), $8.0B available-for-sale debt securities (near-par, investment-grade), $6.6B accounts receivable net (90-95% recovery), and $6.6B financing receivables (loan and lease, somewhat illiquid but collateralized, recoverable perhaps at 70-80%). Inventory at $3.9B recovers at roughly $2.3B at 60%.
The liability stack is heavy. Senior fixed-rate notes total $24.75B principal outstanding at face, with maturities running 2026-2064. Commercial paper stands at $5.5B, up $2.0B from fiscal year-end. Deferred revenue of $28.4B is a real liability under liquidation — services obligations would need unwinding or settlement, and $16.2B is current. Total current liabilities are $36.8B.
Inventory purchase commitments of $10.1B (up 32% from fiscal year-end, 96% due within one year) represent a material off-balance-sheet obligation under winding-down scenarios — noncancelable, firm commitments that do not extinguish at cessation. This is a meaningful change this period, driven by Cisco Silicon One buildout and memory supply locking.
No prior filing is available for QoQ comparison, but within-period disclosures show commercial paper increased $2.0B, inventory rose $756M (24%), and purchase commitments rose $2.5B — all directionally adding liability exposure.
▼ Community Notes