Total Debt (Carrying Amount)
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).
Debt item | Description | The company |
---|---|---|
Total debt, including finance lease obligations (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Lowe’s Cos. Inc. total debt increased from 2023 to 2024 but then slightly decreased from 2024 to 2025. |
Total Debt (Fair Value)
Jan 31, 2025 | |
---|---|
Selected Financial Data (US$ in millions) | |
Short-term borrowings | —) |
Long-term debt, excluding finance lease obligations | 31,558) |
Finance lease obligations | 475) |
Total debt, including finance lease obligations (fair value) | 32,033) |
Financial Ratio | |
Debt, fair value to carrying amount ratio | 0.90 |
Based on: 10-K (reporting date: 2025-01-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 3.97%
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
6.24% | 1) | —) | |
3.40% | 11,215) | 381) | |
3.70% | 7,709) | 285) | |
5.93% | 858) | 51) | |
4.09% | 2,578) | 105) | |
4.04% | 3,820) | 154) | |
4.35% | 6,118) | 266) | |
5.19% | 2,713) | 141) | |
4.89% | 475) | 23) | |
Total | 35,487) | 1,407) | |
3.97% |
Based on: 10-K (reporting date: 2025-01-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 1,407 ÷ 35,487 = 3.97%
Interest Costs Incurred
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).
Debt item | Description | The company |
---|---|---|
Interest expense | Amount of the cost of borrowed funds accounted for as interest expense for debt. | Lowe’s Cos. Inc. interest expense increased from 2023 to 2024 but then slightly decreased from 2024 to 2025. |
Interest capitalized | Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. | |
Interest costs incurred | Total interest costs incurred during the period and either capitalized or charged against earnings. | Lowe’s Cos. Inc. interest costs incurred increased from 2023 to 2024 but then slightly decreased from 2024 to 2025. |
Adjusted Interest Coverage Ratio
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).
2025 Calculations
1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense, net of amount capitalized
= 10,625 ÷ 1,472 = 7.22
2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest costs incurred
= 10,625 ÷ 1,478 = 7.19
Solvency ratio | Description | The company |
---|---|---|
Adjusted interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). | Lowe’s Cos. Inc. adjusted interest coverage ratio deteriorated from 2023 to 2024 and from 2024 to 2025. |