Broadcom Inc. (NASDAQ:AVGO)

The analysis of the annual debt data reveals significant fluctuations and trends over the reported periods.

Short-term debt

Short-term debt exhibited notable variability. Beginning at 827 million USD, it sharply decreased to 290 million USD the following year, followed by a mild increase to 440 million USD. However, a substantial rise occurred in the subsequent years, reaching a peak at 3,152 million USD by the last reporting period. This increase in short-term debt towards the end may indicate an elevated reliance on short-term financing.

Long-term debt, excluding current portion

Long-term debt displayed a gradual declining trend in the initial years, falling from 40,235 million USD to 37,621 million USD across four years. However, there was a dramatic increase afterward, peaking at 66,295 million USD, before slightly decreasing to 61,984 million USD in the final year. This pattern suggests a substantial increase in long-term borrowing during the middle reporting periods and a minor reduction towards the end.

Total debt (carrying amount)

Total debt mirrored similar trends seen in its components. Starting at 41,062 million USD, total debt declined steadily to 39,229 million USD before sharply increasing to a high of 67,566 million USD and then slightly receding to 65,136 million USD. The close alignment of total debt movement with both short-term and long-term debt indicates that variations in both components significantly influence the overall debt position.

Overall, the debt structure reveals a phase of relative stability with moderate decreases in total and long-term debt, followed by a period of substantial debt accumulation, particularly noticeable in both short-term and long-term categories. The increase in short-term debt in the last reported years, along with elevated long-term debt, may affect liquidity and financial risk profiles moving forward.