Analysis of Debt
Total Debt (Carrying Amount)
Take-Two Interactive Software Inc., balance sheet: debt
US$ in thousands
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).
Total debt (carrying amount) remained relatively stable between March 31, 2023, and March 31, 2024, before experiencing a notable increase by March 31, 2025. The total obligations rose from $3.08 billion in 2024 to $3.66 billion in 2025, representing an approximate 18.8% increase in the final year of the observed period.
- Short-term debt, net
- A highly volatile trend is observed in short-term obligations. After starting at $1.35 billion on March 31, 2023, short-term debt declined sharply to $24.6 million by March 31, 2024. This was followed by a substantial resurgence to $1.15 billion by March 31, 2025.
- Long-term debt, net
- Long-term obligations showed significant growth between 2023 and 2024, increasing from $1.73 billion to $3.06 billion. However, this figure moderated by March 31, 2025, decreasing to $2.51 billion.
The interaction between short-term and long-term debt components suggests a significant shift in the company's maturity profile between 2023 and 2024, where short-term liabilities were largely converted into long-term debt. The increase in total debt by 2025, coupled with the return of substantial short-term obligations, indicates either the upcoming maturity of long-term notes or a strategic increase in shorter-term borrowing to fund operations or investments.
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Total Debt (Fair Value)
| Mar 31, 2025 | |
|---|---|
| Selected Financial Data (US$ 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 Interest Rate on Debt
Weighted-average annual interest rate on debt: 4.46%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 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%