Analysis of Debt
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- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
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Total Debt (Carrying Amount)
Microchip Technology Inc., balance sheet: debt
US$ in thousands
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).
- Current Portion of Long-Term Debt
- The current portion of long-term debt exhibited significant fluctuations over the reported periods. From March 31, 2017, to March 31, 2018, there was a dramatic increase from $49,952 thousand to $1,309,900 thousand, marking a considerable rise in short-term debt obligations. This level remained relatively stable into March 31, 2019, at $1,360,800 thousand, followed by a substantial decline to $608,800 thousand by March 31, 2020. The figure then almost doubled by March 31, 2021, reaching $1,322,900 thousand. Data for March 31, 2022, is not available, preventing analysis for the latest period.
- Long-Term Debt Excluding Current Maturities
- The long-term debt excluding current maturities showed notable volatility. It decreased sharply from $2,900,524 thousand on March 31, 2017, to $1,758,400 thousand on March 31, 2018. Afterward, there was a significant increase to $8,946,200 thousand by March 31, 2019, which remained relatively stable through March 31, 2020, at $8,873,400 thousand. Subsequently, long-term debt decreased to $7,581,200 thousand on March 31, 2021, and exhibited a slight increase to $7,687,400 thousand by March 31, 2022.
- Total Debt and Credit Facility (Carrying Amount)
- Total debt and credit facility, measured on a carrying amount basis, generally followed the trajectory of long-term debt. The total increased from $2,950,476 thousand on March 31, 2017, to peak at $10,307,000 thousand on March 31, 2019. It then decreased progressively to $9,482,200 thousand by March 31, 2020, and further to $8,904,100 thousand on March 31, 2021. By March 31, 2022, the total had decreased to $7,687,400 thousand, indicating a general downward trend after the peak in 2019.
- Overall Debt Trends
- The data reveals a period of considerable debt expansion culminating in 2019, followed by a multi-year reduction trend. The peak in long-term debt and total debt in 2019 suggests significant financing activities or restructuring during that period. The variations in the current portion of long-term debt, particularly the spikes in 2018 and 2021, indicate fluctuating short-term debt obligations, possibly reflecting refinancing or repayment scheduling strategies. The overall reduction from 2019 onwards could indicate concerted efforts to deleverage or optimize the debt structure.
Total Debt (Fair Value)
| Mar 31, 2022 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Total debt and Credit Facility (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2022-03-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2022-03-31).
1 US$ in thousands
2 Weighted-average interest rate = 100 × ÷ =