Analysis of Debt
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Total Debt (Carrying Amount)
Accenture PLC, balance sheet: debt
US$ in thousands
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
The reported debt data over the six-year period presents notable fluctuations and a marked increase in the most recent years. There is a clear upward trend in the current portion of long-term debt and bank borrowings, with a significant escalation from 2022 onwards. In particular, the amounts more than tenfold increased between August 31, 2022, and August 31, 2023, followed by a further substantial rise by August 31, 2024.
In contrast, the long-term debt excluding the current portion shows a different pattern. After a sharp increase between 2019 and 2020, this category experiences a gradual decrease through to 2023, before rising again in the final reported year. The peak in 2020 suggests a prior shift in debt structure, but the subsequent decline indicates repayment or restructuring efforts until the recent uptick in 2024.
The total outstanding debt carrying amount reflects these component trends. There is a general increase from 2019 to 2021 with a slight dip in 2022. However, from 2022 onwards, the total debt surges dramatically, primarily driven by the current portion of long-term debt. The large jump in 2023 and 2024 dominates the overall debt profile, signaling an increased reliance on short-term debt obligations or impending maturities classified within the current portion.
- Current portion of long-term debt and bank borrowings
- Exhibited steady growth from 2019 through 2021, followed by a minor drop in 2022. Starting in 2023, a very sharp increase occurred, culminating in an almost tenfold rise in 2024 compared to the previous year.
- Long-term debt, excluding current portion
- Rose significantly in 2020 but then declined progressively over the next three years before rising again in 2024. This suggests a possible repayment trend prior to the recent increase, which may indicate new long-term financing or reclassification.
- Total outstanding debt (carrying amount)
- Generally increased from 2019 through 2021, fell in 2022, then surged substantially in 2023 and 2024, driven primarily by the spike in the current portion of long-term debt.
Overall, the data indicates a considerable change in debt structure with recent years characterized by a shift to significantly higher current liabilities related to debt. This may warrant further investigation into the company’s debt maturity profile, refinancing strategy, or liquidity conditions.
Total Debt (Fair Value)
| Aug 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Current portion of long-term debt and bank borrowings | |
| Long-term debt, excluding current portion | |
| Total outstanding debt (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2024-08-31).
Weighted-average Interest Rate on Debt
Weighted-average effective commercial paper interest rate:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2024-08-31).
1 US$ in thousands
2 Weighted-average interest rate = 100 × ÷ =