Analysis of Debt
Total Debt (Carrying Amount)
KLA Corp., balance sheet: debt
US$ in thousands
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
The total debt carrying amount exhibits significant volatility between 2021 and 2024, followed by a period of stabilization through 2026. Total obligations nearly doubled from June 30, 2021, to June 30, 2022, before fluctuating in the range of 5.8 billion to 6.6 billion US dollars over the subsequent years.
- Debt Accumulation and Fluctuation
- A substantial increase in total debt is observed between 2021 and 2022, rising from 3,442,767 thousand to 6,660,718 thousand US dollars. This peak was followed by a reduction to 5,890,736 thousand US dollars in 2023, and a subsequent increase back to 6,630,135 thousand US dollars in 2024. By 2025 and 2026, the total debt levels stabilize at approximately 5.88 billion US dollars.
- Composition and Maturity Profile
- The debt structure is predominantly comprised of long-term obligations. While short-term debt was present in 2021 at 20,000 thousand US dollars, it disappears from the records in following years. A notable shift occurs in 2024 with the emergence of 749,936 thousand US dollars classified as the current portion of long-term debt, indicating a shift in the maturity profile and upcoming repayment requirements for that period.
- Long-term Debt Stability
- Excluding the current portion, the long-term debt remains remarkably consistent from 2023 through 2026, maintaining a value between 5,880,199 thousand and 5,890,736 thousand US dollars. This suggests a strategy of maintaining a constant baseline of long-term leverage after the initial volatility experienced between 2021 and 2022.
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Total Debt (Fair Value)
| Jun 30, 2026 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Senior Notes | 5,480,000) |
| Revolving Credit Facility | —) |
| Notes Payable | —) |
| Total debt (fair value) | 5,480,000) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.93 |
Based on: 10-K (reporting date: 2026-06-30).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 4.67%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 4.16% | 800,000) | 33,272) | |
| 4.66% | 1,000,000) | 46,570) | |
| 4.78% | 500,000) | 23,885) | |
| 5.67% | 250,000) | 14,175) | |
| 5.05% | 400,000) | 20,188) | |
| 3.30% | 750,000) | 24,765) | |
| 5.02% | 1,450,000) | 72,834) | |
| 5.26% | 800,000) | 42,072) | |
| Total | 5,950,000) | 277,761) | |
| 4.67% | |||
Based on: 10-K (reporting date: 2026-06-30).
1 US$ in thousands
2 Weighted-average interest rate = 100 × 277,761 ÷ 5,950,000 = 4.67%