Analysis of Debt
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- Income Statement
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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Total Debt (Carrying Amount)
Cisco Systems Inc., balance sheet: debt
US$ in millions
| Jul 27, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Short-term debt | |||||||
| Long-term debt, excluding current portion | |||||||
| Total debt (carrying amount) |
Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).
- Short-term debt
- The short-term debt exhibited significant fluctuation over the reported periods. It started at 10,191 million US dollars in 2019 and then sharply declined to 3,005 million in 2020. This downward trend continued with a slight decrease to 2,508 million in 2021 and further to 1,099 million in 2022. In 2023, there was a minor increase to 1,733 million, followed by a substantial rise to 11,341 million in 2024, representing the highest level in the period analyzed.
- Long-term debt, excluding current portion
- The long-term debt showed a consistent decreasing trend from 14,475 million US dollars in 2019 to 6,658 million in 2023. This decline was steady over the years, indicating ongoing repayment or amortization of long-term obligations. However, in 2024, the long-term debt increased dramatically to 19,621 million, surpassing the initial level recorded in 2019.
- Total debt (carrying amount)
- Total debt also trended downward from 24,666 million in 2019 to a low of 8,391 million in 2023, reflecting the combined reduction in both short-term and long-term debt during this period. In 2024, total debt surged sharply to 30,962 million, reaching its highest value in the six-year span. This sharp increase in the final year was driven primarily by substantial rises in both short-term and long-term debt components.
- Summary of trends
- Overall, the company reduced its debt levels consistently from 2019 through 2023, with both short-term and long-term debt declining significantly. This suggests effective debt management or repayment activities during these years. The considerable spike in debt observed in 2024, particularly in both short-term and long-term categories, may indicate new borrowing or refinancing activities. The pattern highlights a shift in the company’s financing strategy or capital structure in the most recent year, resulting in a notably higher debt burden compared to prior periods.
Total Debt (Fair Value)
| Jul 27, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Commercial paper | |
| Senior notes | |
| Other long-term debt | |
| Total debt (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2024-07-27).
Weighted-average Interest Rate on Debt
Weighted-average effective rate on debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2024-07-27).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =