Stock Analysis on Net
Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

Analysis of Debt

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Total Debt (Carrying Amount)

ServiceNow Inc., balance sheet: debt

US$ in thousands

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Current portion of long-term debt —  —  —  543,418  — 
Long-term debt, less current portion 1,640,153  694,981  661,707  630,018  507,812 
Total long-term debt (carrying amount) 1,640,153  694,981  661,707  1,173,436  507,812 

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

Debt item Description The company
Total long-term debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. ServiceNow Inc.’s total debt increased from 2018 to 2019 and from 2019 to 2020.

Total Debt (Fair Value)

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Dec 31, 2020
Selected Financial Data (US$ in thousands)
2030 Notes 1,463,475 
2022 Notes 687,049 
2018 Notes — 
Total long-term debt (fair value) 2,150,524 
Financial Ratio
Debt, fair value to carrying amount ratio 1.31

Based on: 10-K (filing date: 2021-02-12).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt: 1.84%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
4.75% 157,856  7,498 
1.53% 1,482,297  22,679 
Total 1,640,153  30,177 
1.84%

Based on: 10-K (filing date: 2021-02-12).

1 US$ in thousands

2 Weighted-average interest rate = 100 × 30,177 ÷ 1,640,153 = 1.84%