Analysis of Debt
Total Debt (Carrying Amount)
Eaton Corp. plc, balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| 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. | Eaton Corp. plc total debt increased from 2021 to 2022 and from 2022 to 2023. |
Total Debt (Fair Value)
| Dec 31, 2023 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Short-term debt | 8) |
| Long-term debt and current portion of long-term debt | 8,924) |
| Total debt (fair value) | 8,932) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.96 |
Based on: 10-K (reporting date: 2023-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 3.19%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 0.75% | 608) | 5) | |
| 6.50% | 145) | 9) | |
| 0.70% | 553) | 4) | |
| 0.13% | 995) | 1) | |
| 3.10% | 700) | 22) | |
| 4.35% | 500) | 22) | |
| 7.65% | 200) | 15) | |
| 0.58% | 663) | 4) | |
| 4.00% | 700) | 28) | |
| 4.15% | 1,300) | 54) | |
| 5.45% | 137) | 7) | |
| 5.80% | 240) | 14) | |
| 4.15% | 1,000) | 42) | |
| 3.92% | 300) | 12) | |
| 4.70% | 700) | 33) | |
| 7.88% | 165) | 13) | |
| 3.60% | 35) | 1) | |
| Total | 8,941) | 285) | |
| 3.19% | |||
Based on: 10-K (reporting date: 2023-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 285 ÷ 8,941 = 3.19%