Analysis of Debt
Total Debt (Carrying Amount)
Cintas Corp., balance sheet: debt
US$ in thousands
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
| 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. | Cintas Corp. total debt decreased from 2022 to 2023 and from 2023 to 2024. |
Total Debt (Fair Value)
| May 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Total debt (fair value) | 2,392,800) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.97 |
Based on: 10-K (reporting date: 2024-05-31).
Weighted-average Interest Rate on Debt
Average interest rate for all Cintas debt: 4.00%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 4.00% | 2,475,529) | 99,021) | |
| Total | 2,475,529) | 99,021) | |
| 4.00% | |||
Based on: 10-K (reporting date: 2024-05-31).
1 US$ in thousands
2 Weighted-average interest rate = 100 × 99,021 ÷ 2,475,529 = 4.00%