ServiceNow Inc. (NYSE:NOW)

The analysis of the reported debt data over the five-year period reveals several key trends and observations related to the company's debt structure.

Current debt, net

Data for current net debt is only available for the year ending December 31, 2021, with a value of $92 million. No information is provided for the other years, making it impossible to analyze trends or fluctuations in short-term debt obligations over the period.

Long-term debt, net, less current portion

This metric shows a slight downward trend from $1,640 million in 2020 to $1,484 million in 2021, followed by minimal increases in subsequent years: $1,486 million in 2022, $1,488 million in 2023, and $1,489 million in 2024. Overall, the long-term net debt remains relatively stable with a marginal decrease at the beginning of the period and a very gradual increase towards the end.

Total long-term debt (carrying amount)

The carrying amount of total long-term debt indicates a drop from $1,640 million in 2020 to $1,576 million in 2021, then a more pronounced decline to $1,486 million in 2022. Following this, there is a very slight increase over the next two years, ending at $1,489 million in 2024. This pattern suggests a reduction of outstanding long-term debt obligations primarily between 2020 and 2022, with stabilization occurring afterwards.

Summarizing, the company's long-term debt demonstrates a trend of moderate reduction during the early years, with subsequent stabilization and slight increments in the later years. The limited availability of current debt data restricts a full evaluation of short-term debt dynamics. Overall, the long-term debt levels indicate prudent management with no major increases, suggesting an approach focused on maintaining or slightly reducing leverage.