Analysis of Debt

Palo Alto Networks Inc., balance sheet: debt

US$ in thousands

	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019
Current portion of convertible senior notes, net	963,900)	1,991,500)	3,676,800)	1,557,900)	—)	—)
Convertible senior notes, net, excluding current portion	—)	—)	—)	1,668,100)	3,084,100)	1,430,000)
Total convertible Senior Notes (carrying amount)	963,900)	1,991,500)	3,676,800)	3,226,000)	3,084,100)	1,430,000)

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Debt item	Description	The company
Total convertible Senior Notes (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Palo Alto Networks Inc. total debt decreased from 2022 to 2023 and from 2023 to 2024.

	Jul 31, 2024
Selected Financial Data (US$ in thousands)
Total convertible Senior Notes (fair value)	3,200,000)
Financial Ratio
Debt, fair value to carrying amount ratio	3.32

Weighted-average effective interest rate of liability component of Convertible Senior Notes: 0.60%

Interest rate	Debt amount¹	Interest rate × Debt amount
0.60%	963,900)	5,783)
Total	963,900)	5,783)
0.60%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 5,783 ÷ 963,900 = 0.60%

Palo Alto Networks Inc. (NASDAQ:PANW)