Name: Autodesk Inc. (NASDAQ:ADSK) | Analysis of Debt
Creator: Stock Analysis on Net

Total Debt (Carrying Amount)
Total Debt (Fair Value)
Weighted-average Interest Rate on Debt

Autodesk Inc., balance sheet: debt

US$ in millions

	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
Current portion of long-term notes payable, net	—)	—)	350)	—)	450)	—)
Long-term notes payable, net, excluding current portion	2,284)	2,281)	2,278)	1,637)	1,635)	2,088)
Total long-term notes payable, including current portion (carrying amount)	2,284)	2,281)	2,628)	1,637)	2,085)	2,088)

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

The total carrying amount of long-term notes payable exhibited notable fluctuations between fiscal years 2019 and 2024, characterized by a period of contraction followed by a significant increase and subsequent stabilization.

Overall Debt Trends: Total long-term notes payable began at US$ 2,088 million in 2019 and remained relatively flat through 2020. A decrease to US$ 1,637 million was recorded in 2021, representing the lowest debt level in the observed period. This was followed by a sharp increase in 2022, where total debt peaked at US$ 2,628 million. For the final two years of the period, the total carrying amount stabilized, ending at US$ 2,284 million in 2024.
Debt Composition and Maturity Patterns: The distribution of debt between current and non-current portions indicates an irregular maturity schedule. Current portions of long-term notes payable were only reported in 2020 (US$ 450 million) and 2022 (US$ 350 million). The absence of reported current portions in 2019, 2021, 2023, and 2024 suggests that the company's debt obligations are structured with maturities that do not fall due every consecutive fiscal year.
Long-Term Obligation Analysis: When excluding the current portion, long-term notes payable showed a downward trend from 2019 (US$ 2,088 million) to 2021 (US$ 1,637 million). A substantial rise occurred in 2022, increasing the balance to US$ 2,278 million. From 2022 to 2024, this figure remained nearly constant, with a marginal increase to US$ 2,284 million, indicating a period of stability in long-term borrowing levels.

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	Jan 31, 2024
Selected Financial Data (US$ in millions)
2012 Notes	—)
$450 2015 Notes	—)
$300 2015 Notes	298)
2015 Notes (legacy)	—)
2017 Notes	484)
2020 Notes	450)
2021 Notes	846)
Total long-term notes payable, including current portion (fair value)	2,078)
Financial Ratio
Debt, fair value to carrying amount ratio	0.91

Based on: 10-K (reporting date: 2024-01-31).

Weighted-average interest rate for Notes: 3.04%

Interest rate	Debt amount¹	Interest rate × Debt amount
2.40%	846)	20)
2.85%	450)	13)
3.50%	484)	17)
4.38%	298)	13)
Total	2,078)	63)
3.04%

Based on: 10-K (reporting date: 2024-01-31).

¹ US$ in millions

² Weighted-average interest rate = 100 × 63 ÷ 2,078 = 3.04%

Autodesk Inc. (NASDAQ:ADSK)

Analysis of Debt

Total Debt (Carrying Amount)

Total Debt (Fair Value)

Weighted-average Interest Rate on Debt