Analysis of Debt
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
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Total Debt (Carrying Amount)
Qualcomm Inc., balance sheet: debt
US$ in millions
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Short-term debt | |||||||
| Long-term debt | |||||||
| Total debt (carrying amount) |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
The analysis of the reported debt figures reveals several notable trends over the six-year period examined.
- Short-term Debt
- The short-term debt shows considerable fluctuation throughout the period. It started at a high value of 2,496 million USD in 2019, then sharply declined to 500 million USD in 2020. Thereafter, it increased again to peaks of 2,044 million USD in 2021 and 1,945 million USD in 2022, followed by a decline to 914 million USD in 2023, before rising to 1,364 million USD in 2024. This pattern indicates a variable approach to managing short-term financial obligations, with a significant reduction in 2020 followed by renewed reliance in the subsequent years.
- Long-term Debt
- Long-term debt maintains a relatively stable track record with minor fluctuations. It increased from 13,437 million USD in 2019 to a peak of 15,226 million USD in 2020. Subsequently, it declined modestly to 13,701 million USD in 2021 and remained close to this value through 2022. In 2023, there was a rise to 14,484 million USD, followed by a decrease to 13,270 million USD in 2024. Overall, the long-term debt demonstrates moderate variability but stays within a relatively narrow range.
- Total Debt (Carrying Amount)
- Total debt shows a gradual downward trend overall. From 15,933 million USD in 2019, total debt decreased slightly to 15,726 million USD in 2020, remained stable around the 15,700 million USD level in 2021, and declined consistently thereafter to reach 14,634 million USD by 2024. This suggests a general effort to reduce overall debt levels during this timeframe despite the fluctuations in short-term and long-term components.
In summary, the data indicates a strategic management of debt, characterized by fluctuating short-term borrowings offset by more stable long-term liabilities. The overall reduction in total debt by the end of the period points to a cautious approach toward debt reduction and possibly strengthening financial leverage or balance sheet health.
Total Debt (Fair Value)
| Sep 29, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Commercial paper | |
| Notes | |
| Total debt (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2024-09-29).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on commercial paper and long-term debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2024-09-29).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =