Analysis of Debt

Super Micro Computer Inc., balance sheet: debt

US$ in thousands

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Lines of credit and current portion of term loans	402,346)	170,123)	449,146)	63,490)	23,704)	23,647)
Term loans, non-current	74,083)	120,179)	147,618)	34,700)	5,697)	—)
Convertible notes	1,697,716)	—)	—)	—)	—)	—)
Total lines of credit, term loans, and convertible notes (carrying amount)	2,174,145)	290,302)	596,764)	98,190)	29,401)	23,647)

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Debt item	Description	The company
Total lines of credit, term loans, and convertible notes (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Super Micro Computer Inc. total debt decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

	Jun 30, 2024
Selected Financial Data (US$ in thousands)
Lines of credit and term loans	476,429)
2029 Convertible Notes	1,734,600)
Total lines of credit, term loans, and convertible notes (fair value)	2,211,029)
Financial Ratio
Debt, fair value to carrying amount ratio	1.02

Weighted-average interest rate on lines of credit, term loans, and convertible notes: 1.37%

Interest rate	Debt amount¹	Interest rate × Debt amount
6.13%	184,573)	11,314)
6.33%	9,215)	583)
6.28%	30,000)	1,884)
6.17%	60,000)	3,702)
5.80%	50,000)	2,900)
6.19%	28,084)	1,738)
1.68%	17,918)	301)
1.33%	31,155)	414)
1.53%	3,079)	47)
1.87%	22,116)	414)
1.87%	12,645)	236)
1.72%	27,644)	475)
0.34%	1,697,716)	5,772)
Total	2,174,145)	29,782)
1.37%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 29,782 ÷ 2,174,145 = 1.37%

Super Micro Computer Inc. (NASDAQ:SMCI)