Analysis of Debt

Shockwave Medical Inc., balance sheet: debt

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Debt, current portion	—)	—)	5,500)	3,300)	6,667)
Convertible debt, noncurrent portion	731,863)	—)	—)	—)	—)
Debt, noncurrent portion	—)	24,198)	11,630)	13,319)	7,152)
Total convertible and long-term debt, current and noncurrent (carrying amount)	731,863)	24,198)	17,130)	16,619)	13,819)

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Debt item	Description	The company
Total convertible and long-term debt, current and noncurrent (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Shockwave Medical Inc. total debt increased from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023
Selected Financial Data (US$ in thousands)
Convertible debt	730,500)
Long-term debt, current and noncurrent	—)
Total convertible and long-term debt, current and noncurrent (fair value)	730,500)
Financial Ratio
Debt, fair value to carrying amount ratio	1.00

Weighted-average interest rate on debt: 1.50%

Interest rate	Debt amount¹	Interest rate × Debt amount
1.50%	731,863)	10,978)
Total	731,863)	10,978)
1.50%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 10,978 ÷ 731,863 = 1.50%

Shockwave Medical Inc. (NASDAQ:SWAV)