Analysis of Debt
Total Debt (Carrying Amount)
Analog Devices Inc., balance sheet: debt
US$ in thousands
Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).
| Debt item | Description | The company |
|---|---|---|
| Total debt (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Analog Devices Inc. total debt decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level. |
Total Debt (Fair Value)
| Oct 28, 2023 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Commercial paper notes | 547,185) |
| 3-Year term loan, due March 2022 | —) |
| 3-Year term loan, due March 2020 | —) |
| 5-Year term loan, due March 2022 | —) |
| 2020 Notes, due March 2020 | —) |
| 2021 Notes, due January 2021 | —) |
| 2021 Notes, due December 2021 | —) |
| Maxim 2023 Notes, due March 2023 | —) |
| 2023 Notes, due June 2023 | —) |
| 2023 Notes, due December 2023 | —) |
| 2024 Notes, due October 2024 | 499,473) |
| 2025 Notes, due April 2025 | 385,231) |
| 2025 Notes, due December 2025 | —) |
| 2026 Notes, due December 2026 | 851,023) |
| Maxim 2027 Notes, due June 2027 | —) |
| 2027 Notes, due June 2027 | 408,595) |
| 2028 Notes, due October 2028 | 628,999) |
| 2031 Notes, due October 2031 | 773,404) |
| 2032 Notes, due October 2032 | 269,828) |
| 2036 Notes, due December 2036 | 118,554) |
| 2041 Notes, due October 2041 | 479,078) |
| 2045 Notes, due December 2045 | 292,248) |
| 2051 Notes, due October 2051 | 590,666) |
| Total debt (fair value) | 5,844,284) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.84 |
Based on: 10-K (reporting date: 2023-10-28).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 3.03%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 2.95% | 385,231) | 11,364) | |
| 3.50% | 851,023) | 29,786) | |
| 3.45% | 408,595) | 14,097) | |
| 1.70% | 628,999) | 10,693) | |
| 2.10% | 773,404) | 16,241) | |
| 4.25% | 269,828) | 11,468) | |
| 4.50% | 118,554) | 5,335) | |
| 2.80% | 479,078) | 13,414) | |
| 5.30% | 292,248) | 15,489) | |
| 2.95% | 590,666) | 17,425) | |
| Total | 4,797,626) | 145,312) | |
| 3.03% | |||
Based on: 10-K (reporting date: 2023-10-28).
1 US$ in thousands
2 Weighted-average interest rate = 100 × 145,312 ÷ 4,797,626 = 3.03%