Analysis of Debt

Moderna Inc., balance sheet: debt

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Financing lease liabilities, current	161)	165)	24)	—)	—)
Financing lease liabilities, non-current	912)	599)	110)	39)	—)
Deferred lease obligation, non-current	—)	—)	—)	—)	10)
Lease financing obligation	—)	—)	—)	—)	33)
Total financing lease liabilities (carrying amount)	1,073)	764)	134)	39)	43)

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Debt item	Description	The company
Total financing lease liabilities (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Moderna Inc. total debt increased from 2020 to 2021 and from 2021 to 2022.

	Dec 31, 2022
Selected Financial Data (US$ in millions)
Total financing lease liabilities (fair value)	1,073)
Financial Ratio
Debt, fair value to carrying amount ratio	1.00

Weighted average discount rate, finance leases: 3.60%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.60%	1,073)	39)
Total	1,073)	39)
3.60%

¹ US$ in millions

² Weighted-average interest rate = 100 × 39 ÷ 1,073 = 3.60%

Moderna Inc. (NASDAQ:MRNA)