Analysis of Debt
Paying user area
Try for free
Illinois Tool Works Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Illinois Tool Works Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Total Debt (Carrying Amount)
Illinois Tool Works Inc., balance sheet: debt
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Short-term debt | ||||||
| Long-term debt | ||||||
| Total debt (carrying amount) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
- Short-term debt
- The short-term debt exhibits considerable volatility over the observed period. It peaked in 2018 at 1,351 million USD, followed by a dramatic decline to just 4 million USD in 2019. Subsequently, it rebounded to 350 million USD in 2020 and increased further to 778 million USD in 2021, indicating fluctuations in short-term borrowing needs or repayment patterns.
- Long-term debt
- Long-term debt shows a general downward trend with some fluctuations. It started at 7,478 million USD in 2017, decreased significantly to 6,029 million USD in 2018, then rose again to 7,754 million USD in 2019 and stabilized around 7,772 million USD in 2020 before declining to 6,909 million USD in 2021. This pattern suggests active management of long-term obligations, possibly through refinancing or repayments.
- Total debt (carrying amount)
- Total debt mirrored the changes in short-term and long-term debt, starting at 8,328 million USD in 2017 and decreasing to 7,380 million USD in 2018. It then increased to 7,758 million USD in 2019 and continued to rise slightly to 8,122 million USD in 2020 before decreasing again to 7,687 million USD in 2021. Overall, total debt remained within a relatively narrow range, indicating a maintained balance in the company's overall leverage despite fluctuations in the composition between short-term and long-term debt.
Total Debt (Fair Value)
| Dec 31, 2021 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Commercial paper | |
| Bank overdrafts | |
| Long-term debt, including current maturities | |
| Total debt (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2021-12-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2021-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =