Walgreens Boots Alliance Inc. (WBA)


Analysis of Debt

Advanced level


Total Debt (Carrying Amount)

Walgreens Boots Alliance Inc., balance sheet: debt

US$ in millions

Microsoft Excel LibreOffice Calc
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Short-term debt 5,738  1,966  251  323  1,068  774 
Long-term debt 11,098  12,431  12,684  18,705  13,315  3,736 
Total borrowings (carrying amount) 16,836  14,397  12,935  19,028  14,383  4,510 

Based on: 10-K (filing date: 2019-10-28), 10-K (filing date: 2018-10-11), 10-K (filing date: 2017-10-25), 10-K (filing date: 2016-10-20), 10-K (filing date: 2015-10-28), 10-K (filing date: 2014-10-20).

Debt item Description The company
Total borrowings (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Walgreens Boots Alliance Inc.’s total debt increased from 2017 to 2018 and from 2018 to 2019.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Aug 31, 2019
Selected Financial Data (US$ in millions)
Short-term borrowings 4,488 
Unsecured Pound Sterling variable rate term loan due 2019 — 
$6 Billion Note Issuance 2,600 
$8 Billion Note Issuance 6,800 
£700 Million Note Issuance 900 
€750 Million Note Issuance 900 
$4 Billion Note Issuance 1,700 
$1 Billion Note Issuance — 
Other 25 
Total borrowings (fair value) 17,413 
Financial Ratio
Debt, fair value to carrying amount ratio 1.03

Based on: 10-K (filing date: 2019-10-28).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 3.49%

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
3.45% 1,890  65 
4.65% 591  27 
3.30% 1,247  41 
3.80% 1,992  76 
4.50% 495  22 
4.80% 1,492  72 
2.88% 488  14 
3.60% 365  13 
2.13% 824  18 
3.10% 1,197  37 
4.40% 493  22 
3.07% 2,400  74 
2.70% 1,250  34 
Total 14,724  514 
3.49%

Based on: 10-K (filing date: 2019-10-28).

1 US$ in millions

2 Weighted-average interest rate = 100 × 514 ÷ 14,724 = 3.49%