Analysis of Debt
Total Debt (Carrying Amount)
ServiceNow Inc., balance sheet: debt
US$ in millions
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).
| Debt item | Description | The company |
|---|---|---|
| Total long-term debt (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | ServiceNow Inc. total debt decreased from 2021 to 2022 but then slightly increased from 2022 to 2023. |
Total Debt (Fair Value)
| Dec 31, 2023 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| 2030 Notes | 1,236) |
| 2022 Notes | —) |
| Total long-term debt (fair value) | 1,236) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.83 |
Based on: 10-K (reporting date: 2023-12-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 1.53%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 1.53% | 1,488) | 23) | |
| Total | 1,488) | 23) | |
| 1.53% | |||
Based on: 10-K (reporting date: 2023-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 23 ÷ 1,488 = 1.53%