Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

Analysis of Debt

Microsoft Excel

Total Debt (Carrying Amount)

Eaton Corp. plc, balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Short-term debt 8 324 13 1
Current portion of long-term debt 674 1,017 10 1,735 1,047
Long-term debt, excluding current portion 8,478 8,244 8,321 6,831 7,010
Total debt (carrying amount) 9,152 9,269 8,655 8,579 8,058

Based on: 10-K (reporting date: 2024-12-31), 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).

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. Eaton Corp. plc total debt increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2024
Selected Financial Data (US$ in millions)
Short-term debt
Long-term debt and current portion of long-term debt 8,651
Total debt (fair value) 8,651
Financial Ratio
Debt, fair value to carrying amount ratio 0.95

Based on: 10-K (reporting date: 2024-12-31).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 3.42%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
6.50% 145 9
0.70% 520 4
0.13% 935 1
3.10% 700 22
4.35% 500 22
7.65% 200 15
0.58% 624 4
3.60% 520 19
4.00% 700 28
4.15% 1,300 54
5.45% 137 7
3.80% 520 20
5.80% 240 14
4.15% 1,000 42
3.92% 300 12
4.70% 700 33
7.88% 99 8
3.70% 28 1
Total 9,168 313
3.42%

Based on: 10-K (reporting date: 2024-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 313 ÷ 9,168 = 3.42%