Analysis of Debt

Starbucks Corp., balance sheet: debt

US$ in thousands

	Sep 29, 2024	Oct 1, 2023	Oct 2, 2022	Oct 3, 2021	Sep 27, 2020	Sep 29, 2019
Current portion of long-term debt	1,248,900)	1,818,600)	1,749,000)	998,900)	1,249,900)	—)
Long-term debt, excluding current portion	14,319,500)	13,547,600)	13,119,900)	13,616,900)	14,659,600)	11,167,000)
Total debt (carrying amount)	15,568,400)	15,366,200)	14,868,900)	14,615,800)	15,909,500)	11,167,000)

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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.	Starbucks Corp. total debt increased from 2022 to 2023 and from 2023 to 2024.

	Sep 29, 2024
Selected Financial Data (US$ in thousands)
Commercial paper program	—)
Japanese Yen-denominated credit facilities	—)
Long-term debt, including current portion	14,646,700)
Total debt (fair value)	14,646,700)
Financial Ratio
Debt, fair value to carrying amount ratio	0.94

Weighted-average effective interest rate on debt: 3.83%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.72%	1,243,400)	46,267)
4.79%	1,008,300)	48,277)
2.51%	486,800)	12,224)
4.96%	1,017,800)	50,463)
2.06%	477,100)	9,819)
3.53%	590,300)	20,832)
3.96%	748,400)	29,622)
3.84%	977,300)	37,528)
3.08%	679,000)	20,940)
2.58%	1,135,400)	29,316)
5.05%	520,800)	26,280)
3.16%	912,000)	28,774)
3.80%	513,100)	19,488)
5.13%	515,000)	26,404)
4.35%	308,500)	13,414)
3.77%	398,800)	15,015)
4.50%	903,400)	40,689)
4.45%	889,000)	39,534)
3.36%	367,900)	12,369)
3.53%	954,400)	33,671)
Total	14,646,700)	560,923)
3.83%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 560,923 ÷ 14,646,700 = 3.83%

Starbucks Corp. (NASDAQ:SBUX)