Stock Analysis on Net

Thermo Fisher Scientific Inc. (NYSE:TMO)

Analysis of Debt 

Microsoft Excel

Total Debt (Carrying Amount)

Thermo Fisher Scientific Inc., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Short-term obligations and current maturities of long-term obligations 3,609 5,579 2,537 2,628 676
Long-term obligations, excluding current maturities 31,308 28,909 32,333 19,107 17,076
Total debt obligations (carrying amount) 34,917 34,488 34,870 21,735 17,752

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 debt obligations (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Thermo Fisher Scientific Inc. total debt decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2023
Selected Financial Data (US$ in millions)
Senior notes 32,191
Commercial paper
Finance lease liabilities 190
Other 77
Total debt obligations (fair value) 32,458
Financial Ratio
Debt, fair value to carrying amount ratio 0.93

Based on: 10-K (reporting date: 2023-12-31).


Weighted-average Interest Rate on Debt

Weighted average effective interest rate on borrowings: 2.48%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
0.93% 1,104 10
1.42% 2,500 36
0.41% 883 4
2.10% 706 15
1.05% 158 2
0.15% 607 1
3.39% 552 19
1.53% 773 12
5.19% 600 31
5.00% 1,000 50
1.65% 552 9
1.97% 662 13
1.18% 205 2
5.00% 600 30
0.77% 883 7
0.90% 206 2
1.46% 662 10
1.89% 700 13
5.00% 1,000 50
2.08% 773 16
2.74% 900 25
1.44% 33
5.12% 750 38
0.89% 1,932 17
1.13% 993 11
2.23% 1,200 27
2.55% 662 17
1.60% 45 1
5.09% 600 31
5.20% 1,000 52
1.20% 1,656 20
5.20% 500 26
3.76% 828 31
1.58% 152 2
2.94% 773 23
1.73% 993 17
2.90% 1,200 35
1.77% 1,380 24
2.13% 104 2
5.50% 600 33
2.06% 206 4
5.37% 400 21
4.23% 750 32
1.98% 1,104 22
2.07% 828 17
2.43% 236 6
Total 34,951 865
2.48%

Based on: 10-K (reporting date: 2023-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 865 ÷ 34,951 = 2.48%