Analysis of Debt
Total Debt (Carrying Amount)
Charter Communications Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Short-term borrowings
- Data for short-term borrowings is not available from 2020 to 2022. However, in 2023 and 2024, the values reported are 425 million and 758 million US dollars, respectively, indicating an increasing use of short-term borrowings in recent years.
- Current portion of long-term debt
- The current portion of long-term debt shows a fluctuating trend over the period. It decreased from 1,008 million US dollars in 2020 to 2997 million in 2021, then dropped to 1,510 million in 2022. Subsequently, it rose again to 2,000 million in 2023 before declining slightly to 1,799 million in 2024.
- Long-term debt, less current portion
- This component displays a generally increasing trend from 81,744 million US dollars in 2020 to a peak of 96,093 million in 2022. Following this peak, there is a slight downward adjustment, with amounts reported as 95,777 million in 2023 and 92,134 million in 2024. This suggests that while overall long-term debt remained high, some repayment or restructuring might have occurred starting in 2023.
- Equipment installment plan financing facility
- This financing facility appears only in 2024, with a reported value of 1,072 million US dollars. This likely represents a new financing arrangement initiated in the latest period.
- Total long-term debt, including current portion, and equipment installment plan financing facility (carrying amount)
- The total long-term debt including the current portion and equipment installment plan financing facility exhibits a steady increasing trajectory from 82,752 million US dollars in 2020 to 98,202 million in 2023. There is a noticeable decline to 95,763 million in 2024, which aligns with the observed reductions in specific components such as long-term debt less current portion and current portion of long-term debt, partially offset by the inclusion of the equipment installment plan financing facility. This suggests slight deleveraging after several years of rising debt levels.
Total Debt (Fair Value)
| Dec 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Long-term debt, including current portion | 82,856) |
| Equipment installment plan financing facility | 1,072) |
| Total long-term debt, including current portion, and equipment installment plan financing facility (fair value) | 83,928) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.88 |
Based on: 10-K (reporting date: 2024-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on long-term debt and equipment installment plan financing facility: 5.21%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 5.20% | 82,856) | 4,309) | |
| 5.78% | 1,072) | 62) | |
| Total | 83,928) | 4,370) | |
| 5.21% | |||
Based on: 10-K (reporting date: 2024-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 4,370 ÷ 83,928 = 5.21%