Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Analysis of Debt 

Microsoft Excel

Total Debt (Carrying Amount)

Starbucks Corp., balance sheet: debt

US$ in thousands

Microsoft Excel
Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017 Oct 2, 2016
Current portion of long-term debt 998,900  1,249,900  —  349,900  —  400,000 
Long-term debt, excluding current portion 13,616,900  14,659,600  11,167,000  9,090,200  3,932,600  3,202,200 
Total debt (carrying amount) 14,615,800  15,909,500  11,167,000  9,440,100  3,932,600  3,602,200 

Based on: 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02).

Debt item Description The company
Total debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Starbucks Corp. total debt increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

Total Debt (Fair Value)

Microsoft Excel
Oct 3, 2021
Selected Financial Data (US$ in thousands)
Commercial paper notes — 
Japanese Yen-denominated credit facilities — 
Long-term debt, including current portion 16,014,100 
Total debt (fair value) 16,014,100 
Financial Ratio
Debt, fair value to carrying amount ratio 1.10

Based on: 10-K (reporting date: 2021-10-03).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt: 3.29%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
1.33% 503,100  6,711 
2.82% 506,700  14,284 
3.11% 1,035,900  32,185 
2.86% 794,800  22,723 
0.46% 761,000  3,516 
3.72% 1,371,500  51,034 
2.51% 526,400  13,218 
2.06% 513,000  10,558 
3.53% 663,200  23,404 
3.96% 855,900  33,877 
3.84% 1,109,900  42,620 
3.08% 758,600  23,395 
2.58% 1,286,900  33,228 
4.35% 414,100  18,005 
3.77% 556,500  20,952 
4.50% 1,248,600  56,237 
4.45% 1,241,000  55,187 
3.36% 527,500  17,735 
3.53% 1,339,500  47,258 
Total 16,014,100  526,126 
3.29%

Based on: 10-K (reporting date: 2021-10-03).

1 US$ in thousands

2 Weighted-average interest rate = 100 × 526,126 ÷ 16,014,100 = 3.29%