Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Analysis of Debt 

Microsoft Excel

Total Debt (Carrying Amount)

Salesforce Inc., balance sheet: debt

US$ in millions

Microsoft Excel
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Finance lease liabilities, current 114  35  53  —  —  — 
Current portion of debt 1,025  — 
Noncurrent debt, excluding current portion 10,592  2,673  2,673  3,173  695  2,008 
Noncurrent finance lease liabilities 271  93  332  —  —  — 
Capital lease obligations —  —  —  191  295  397 
Total debt and finance lease liabilities (carrying amount) 10,981  2,805  3,062  3,367  2,015  2,406 

Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

Debt item Description The company
Total debt and finance lease liabilities (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Salesforce Inc. total debt decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Total Debt (Fair Value)

Microsoft Excel
Jan 31, 2022
Selected Financial Data (US$ in millions)
Term Loan — 
Senior Notes 10,300 
0.25% Convertible Senior Notes — 
Revolving credit facility — 
Loan assumed on 50 Fremont 186 
Finance lease liabilities 385 
Capital lease obligations — 
Total debt and finance lease liabilities (fair value) 10,871 
Financial Ratio
Debt, fair value to carrying amount ratio 0.99

Based on: 10-K (reporting date: 2022-01-31).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt: 2.55%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
3.25% 998  32 
3.75% 186 
0.63% 997 
3.70% 1,492  55 
1.50% 990  15 
1.95% 1,488  29 
2.70% 1,234  33 
2.90% 1,976  57 
3.05% 1,235  38 
1.90% 385 
Total 10,981  280 
2.55%

Based on: 10-K (reporting date: 2022-01-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 280 ÷ 10,981 = 2.55%