Analysis of Debt
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Amphenol Corp. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Aggregate Accruals
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Total Debt (Carrying Amount)
Amphenol Corp., balance sheet: debt
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Current portion of long-term debt | ||||||
| Long-term debt, less current portion | ||||||
| Total debt (carrying amount) |
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 Long-Term Debt
- The current portion of long-term debt shows significant fluctuations over the analyzed periods. It decreased sharply from 403,300 thousand USD in 2019 to 230,300 thousand USD in 2020, followed by a further drastic reduction to minimal levels of 4,000 thousand USD in 2021 and 2,700 thousand USD in 2022. In 2023, there was a notable increase to 353,800 thousand USD, indicating a considerable rise in current liabilities related to long-term debt in the most recent year.
- Long-Term Debt, Less Current Portion
- This liability category increased steadily from 3,203,400 thousand USD in 2019 to a peak of 4,795,900 thousand USD in 2021. Subsequently, it declined to 4,575,000 thousand USD in 2022 and further decreased to 3,983,500 thousand USD in 2023. The peak in 2021 suggests a maximum level of long-term debt obligations held beyond the current portion, followed by gradual repayment or reclassification in the following years.
- Total Debt (Carrying Amount)
- Total debt followed a similar trend to long-term debt, increasing from 3,606,700 thousand USD in 2019 to a high of 4,799,900 thousand USD in 2021. Afterward, total debt decreased to 4,577,700 thousand USD in 2022 and further to 4,337,300 thousand USD in 2023. The pattern suggests an accumulation of debt up to 2021 and subsequent efforts to reduce overall indebtedness in the subsequent years.
- Overall Analysis
- The data reflects a general increase in total and long-term debt from 2019 through 2021, indicating a phase of elevated borrowing or financing through debt instruments. The concurrent sharp decline in the current portion of long-term debt during 2021 and 2022 may represent strategic debt restructuring or repayments. The subsequent rise in current portions in 2023 could imply impending repayments or reclassification of portions of long-term obligations into current liabilities. The reduction in both total and long-term debt after 2021 suggests a period of deleveraging or active management of debt levels to possibly improve financial stability or respond to changing market conditions.
Total Debt (Fair Value)
| Dec 31, 2023 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Total debt (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 × ÷ =