Analysis of Debt

Edwards Lifesciences Corp., balance sheet: debt

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Short-term debt	—)	—)	—)	—)	598,000)
Long-term debt	595,700)	595,000)	594,400)	593,800)	438,400)
Total debt (carrying amount)	595,700)	595,000)	594,400)	593,800)	1,036,400)

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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.	Edwards Lifesciences Corp. total debt increased from 2019 to 2020 and from 2020 to 2021.

	Dec 31, 2021
Selected Financial Data (US$ in thousands)
Notes	675,400)
Credit Agreement	—)
Total debt (fair value)	675,400)
Financial Ratio
Debt, fair value to carrying amount ratio	1.13

Weighted-average interest rate under all debt obligations: 3.40%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.40%	595,700)	20,254)
Total	595,700)	20,254)
3.40%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 20,254 ÷ 595,700 = 3.40%

Edwards Lifesciences Corp. (NYSE:EW)