Analysis of Debt

DexCom Inc., balance sheet: debt

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Short-term finance lease liabilities	4,200)	3,300)	8,800)	600)	—)
Current portion of long-term senior convertible notes	772,600)	—)	—)	—)	—)
Long-term senior convertible notes	1,197,700)	1,702,700)	1,667,200)	1,059,700)	1,010,300)
Long-term finance lease liabilities	59,600)	57,000)	54,000)	14,400)	7,300)
Total debt (carrying amount)	2,034,100)	1,763,000)	1,730,000)	1,074,700)	1,017,600)

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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.	DexCom Inc. total debt increased from 2020 to 2021 and from 2021 to 2022.

	Dec 31, 2022
Selected Financial Data (US$ in thousands)
Senior Convertible Notes	3,451,100)
Finance lease liabilities	63,800)
Total debt (fair value)	3,514,900)
Financial Ratio
Debt, fair value to carrying amount ratio	1.73

Weighted-average effective interest rate on debt: 0.87%

Interest rate	Debt amount¹	Interest rate × Debt amount
1.10%	774,800)	8,523)
0.50%	1,207,500)	6,038)
5.10%	63,800)	3,254)
Total	2,046,100)	17,814)
0.87%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 17,814 ÷ 2,046,100 = 0.87%

DexCom Inc. (NASDAQ:DXCM)