Stock Analysis on Net

Palo Alto Networks Inc. (NASDAQ:PANW)

Analysis of Debt 

Microsoft Excel

Total Debt (Carrying Amount)

Palo Alto Networks Inc., balance sheet: debt

US$ in thousands

Microsoft Excel
Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019
Current portion of convertible senior notes, net 963,900 1,991,500 3,676,800 1,557,900
Convertible senior notes, net, excluding current portion 1,668,100 3,084,100 1,430,000
Total convertible Senior Notes (carrying amount) 963,900 1,991,500 3,676,800 3,226,000 3,084,100 1,430,000

Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).


Current portion of convertible senior notes, net
There is no recorded value for the years 2019 and 2020. Beginning in 2021, the current portion appears with a value of 1,557,900 thousand USD, rising significantly to 3,676,800 thousand USD in 2022. Subsequently, it declines to 1,991,500 thousand USD in 2023 and further decreases to 963,900 thousand USD in 2024, indicating a downward trend in recent periods after a peak in 2022.
Convertible senior notes, net, excluding current portion
This category shows a value of 1,430,000 thousand USD in 2019 that more than doubles to 3,084,100 thousand USD in 2020. It then decreases to 1,668,100 thousand USD in 2021 with no values reported from 2022 onwards, suggesting that the non-current portion of convertible senior notes diminished or was reclassified entirely into the current portion or otherwise settled.
Total convertible Senior Notes (carrying amount)
The total carrying amount rises markedly from 1,430,000 thousand USD in 2019 to 3,084,100 thousand USD in 2020, continuing to increase to 3,226,000 thousand USD in 2021 and slightly more to 3,676,800 thousand USD in 2022. Following this peak, the total amount declines sharply to 1,991,500 thousand USD in 2023 and further to 963,900 thousand USD in 2024. This overall pattern reflects a significant build-up of convertible senior notes through 2022, followed by a sustained reduction through 2024, which may be indicative of debt repayments or conversions executed in the later years.

Total Debt (Fair Value)

Microsoft Excel
Jul 31, 2024
Selected Financial Data (US$ in thousands)
Total convertible Senior Notes (fair value) 3,200,000
Financial Ratio
Debt, fair value to carrying amount ratio 3.32

Based on: 10-K (reporting date: 2024-07-31).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate of liability component of Convertible Senior Notes: 0.60%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
0.60% 963,900 5,783
Total 963,900 5,783
0.60%

Based on: 10-K (reporting date: 2024-07-31).

1 US$ in thousands

2 Weighted-average interest rate = 100 × 5,783 ÷ 963,900 = 0.60%