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Analyzing Visa’s Balance Sheet

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Total assets

As of September 30, 2017, Visa (V) reported total assets of $67.9 billion compared to $64 billion as of September 30, 2016. That reflects a rise in cash and cash equivalents. It posted cash and cash equivalents of $9.8 billion as of September 30, 2017, compared to $5.6 billion the previous year.

As of September 30, 2017, Visa reported total current assets of $19 billion compared to $14.3 billion as of September 30, 2016. It reported prepaid expenses and other current assets of $550 million as of September 30, 2017, compared to $555 million as of September 30, 2016.

On an LTM (last 12-month) basis, it posted a dividend yield of 0.58%. Its peers (XLF) Discover Financial Services (DFS), Mastercard (MA), and Total System Services (TSS) had dividend yields of 1.6%, 0.56%, and 0.51%, respectively.

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Liabilities, excluding equity

Visa posted total liabilities (excluding equity) of $35.2 billion as of September 30, 2017, compared to $31.1 billion as of September 30, 2016. It witnessed a rise in accrued compensation and benefits from $673 million as of September 30, 2016, to $757 million as of September 30, 2017.

Visa posted accounts payable of $179 million as of September 30, 2017, compared to $203 million as of September 30, 2016. It saw a rise in long-term debt from $15.8 billion as of September 30, 2016, to $16.6 billion as of September 30, 2017. Visa’s other liabilities stood at $1.3 billion as of September 30, 2017, compared to $1.1 billion the previous year.

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