Salesforce Inc. (NYSE:CRM)

The analyzed data reveals several notable trends concerning the various categories of debt and finance lease liabilities over the reported periods.

Finance Lease Liabilities, Current

There is a noticeable fluctuation in current finance lease liabilities over the years. Starting at $53 million, the amount decreased to $35 million in 2021, then sharply increased to $114 million in 2022. The upward trend accelerated with a sizable jump to $257 million in 2023 and a continued rise to $372 million in 2024, followed by a minor decline to $337 million in 2025. This indicates increasing utilization of short-term finance leases with some recent stabilization.

Debt, Current

This category remained stable at $4 million from 2020 through 2022. However, there was a significant surge in 2023 to $1,182 million, slightly declining to $999 million in 2024, with no data for 2025. This abrupt increase suggests a shift towards higher short-term borrowing or refinancing activities during the latter years.

Noncurrent Debt, Excluding Current Portion

The noncurrent debt displayed relative stability initially, remaining at $2,673 million in both 2020 and 2021. A dramatic increase occurred in 2022, reaching $10,592 million. Subsequently, the balance decreased over the next years to $9,419 million in 2023 and then to $8,427 million in 2024, maintaining a similar level at $8,433 million in 2025. This pattern indicates a strategic increase in long-term debt followed by partial repayments or restructuring.

Noncurrent Finance Lease Liabilities

These liabilities show a varying pattern: starting at $332 million in 2020, they dropped sharply to $93 million in 2021. Thereafter, the amounts increased to $271 million in 2022 and continued rising to $534 million in 2023 and $602 million in 2024. In 2025, there was a notable decrease to $341 million. This variability highlights adjustments in long-term lease arrangements, with a peak and subsequent reduction in the most recent year.

Total Debt and Finance Lease Liabilities (Carrying Amount)

The aggregated total indicates an overall growth from $3,062 million in 2020 to a peak of $11,392 million in 2023. After reaching this level, the total debt declined to $10,400 million in 2024 and further to $9,111 million in 2025. This suggests an expansion phase in the earlier years, followed by a moderate deleveraging or optimization of the debt portfolio in the most recent periods.