Analysis of Debt
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- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2019
- Operating Profit Margin since 2019
- Total Asset Turnover since 2019
- Price to Operating Profit (P/OP) since 2019
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Total Debt (Carrying Amount)
Shockwave Medical Inc., balance sheet: debt
US$ in thousands
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
- Current Portion of Debt
- The current portion of debt exhibited a decline from 6,667 thousand US dollars at the end of 2019 to 3,300 thousand US dollars by the end of 2020, indicating a reduction of approximately 50.5%. This was followed by an increase to 5,500 thousand US dollars in 2021. Data for 2022 and 2023 is not available, making it difficult to ascertain recent trends in current liabilities.
- Noncurrent Debt
- The noncurrent portion of debt experienced growth from 7,152 thousand US dollars in 2019 to 13,319 thousand US dollars in 2020, an approximate increase of 86%. This was succeeded by a slight decrease to 11,630 thousand US dollars in 2021. However, in 2022, a notable rise occurred with noncurrent debt reaching 24,198 thousand US dollars, more than doubling the previous year's figure. Data for 2023 is missing.
- Convertible Debt, Noncurrent Portion
- No convertible debt was reported until 2023, when a substantial figure of 731,863 thousand US dollars was recorded. This represents a significant increase and introduces a major component to the debt structure that was not previously present.
- Total Convertible and Long-Term Debt
- The aggregate of convertible and long-term debt, combining both current and noncurrent portions, rose modestly from 13,819 thousand US dollars in 2019 to 17,130 thousand US dollars in 2021. A sharp increase to 24,198 thousand US dollars was observed in 2022. The most dramatic change occurred between 2022 and 2023, where total debt surged to 731,863 thousand US dollars, primarily driven by the addition of convertible debt. This substantial rise likely reflects new financing arrangements.
- Summary
- The data indicates a stable debt profile with moderate increases from 2019 through 2021, followed by more pronounced debt accumulation in 2022. The emergence of substantial convertible debt in 2023 signifies a transformative change in the company's capital structure, with total debt rising sharply. The pattern suggests a strategic shift potentially aimed at significant financing through convertible instruments. The absence of recent data on current and noncurrent debt for 2023 (except convertible debt) limits further detailed analysis of the short-term liabilities and overall debt composition.
Total Debt (Fair Value)
| Dec 31, 2023 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Convertible debt | |
| Long-term debt, current and noncurrent | |
| Total convertible and long-term debt, current and noncurrent (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2023-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2023-12-31).
1 US$ in thousands
2 Weighted-average interest rate = 100 × ÷ =