Take-Two Interactive Software Inc., balance sheet: debt

US$ in thousands

	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Short-term debt, net	1,148,500)	24,600)	1,346,800)	—)	—)	—)
Long-term debt, net	2,512,600)	3,058,300)	1,733,000)	—)	—)	—)
Total debt, net (carrying amount)	3,661,100)	3,082,900)	3,079,800)	—)	—)	—)

Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

The analysis of the debt data over the reported periods reveals distinct changes and trends in the company's short-term, long-term, and total debt balances.

Short-term debt, net: The short-term debt figure is only reported for the last three periods. It shows a high value of 1,346,800 thousand US dollars as of March 31, 2023, followed by a sharp decrease to 24,600 thousand US dollars as of March 31, 2024. Thereafter, it increases again substantially to 1,148,500 thousand US dollars by March 31, 2025. This fluctuation suggests variability in the company's short-term borrowing or repayments within the last three years.
Long-term debt, net: The long-term debt data, also available only for the last three years, indicates a rising trend from 1,733,000 thousand US dollars at the end of March 2023 to a peak of 3,058,300 thousand US dollars by March 31, 2024. Subsequently, it declines to 2,512,600 thousand US dollars in the fiscal year ending March 31, 2025. This pattern reveals an initial increase in long-term liabilities followed by a reduction, which may reflect refinancing, repayments, or changes in financing strategy.
Total debt, net (carrying amount): The total debt, combining both short-term and long-term components, remains relatively stable between March 31, 2023 (3,079,800 thousand US dollars) and March 31, 2024 (3,082,900 thousand US dollars). However, by March 31, 2025, there is a notable increase to 3,661,100 thousand US dollars. This growth suggests an overall increase in the company’s indebtedness mainly driven by changes in both short-term and long-term categories.

Overall, the data indicates an active management of debt levels with significant short-term fluctuations and a pronounced rise and fall in long-term debt in the last reported years. The total debt shows a moderate increase by the end of the period, which may impact the company's leverage and financial risk profile going forward.

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	Mar 31, 2025
Selected Financial Data (US$ in thousands)
Short-term debt, net	1,152,600)
Long-term debt, net	2,513,600)
Total debt, net (fair value)	3,666,200)
Financial Ratio
Debt, fair value to carrying amount ratio	1.00

Based on: 10-K (reporting date: 2025-03-31).

Weighted-average annual interest rate on debt: 4.46%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.70%	590,800)	21,860)
4.95%	808,500)	40,021)
5.40%	308,300)	16,648)
4.00%	468,600)	18,744)
5.60%	308,900)	17,298)
0.00%	28,500)	—)
3.55%	599,900)	21,296)
5.00%	552,700)	27,635)
Total	3,666,200)	163,502)
4.46%

Based on: 10-K (reporting date: 2025-03-31).

¹ US$ in thousands

² Weighted-average interest rate = 100 × 163,502 ÷ 3,666,200 = 4.46%

Take-Two Interactive Software Inc. (NASDAQ:TTWO)

Analysis of Debt

Total Debt (Carrying Amount)

Total Debt (Fair Value)

Weighted-average Interest Rate on Debt