Microchip Technology

MCHP AI Infrastructure & Semiconductors 4/10 Medium Risk

4/10

— 5 → 4 over 22 weeks

Sector avg: 2.4/10

Microchip Technology carries $5.5B in long-term debt, with $5.5B in scheduled principal maturities. Notably, the entire $5.5B maturity schedule falls within five years, creating a concentrated refinancing window. DebtCanary scores MCHP at 4/10, indicating moderate refinancing pressure.

Maturity Schedule

As of 2026-03-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.

Period	Amount Due	% of Total
Year 1 (0-12 months)	$387M	7.0%
Year 2 (12-24 months)	$1.0B	18.1%
Year 3 (24-36 months)	$1.0B	18.1%
Year 4 (36-48 months)	$1.9B	34.3%
Year 5 (48-60 months)	$1.2B	22.6%
Beyond 5 Years	$0	0.0%
Total Scheduled Maturities	$5.5B	100.0%

Key Metrics

Total Long-Term Debt

$5.5B

Near-Term (12mo)

$387M

Interest Coverage

2.5x

Debt/Equity

0.85

Cash Coverage

0.62x

Operating Income

$490M

EBITDA

$1.2B

Debt / EBITDA

4.7x

EBITDA / Interest

5.9x

Refinancing Cost Shock

If Microchip Technology refinanced the $1.4B due within 24 months at today's market yields, its annual interest bill would change by an estimated +$28M/year — about 5.7% of operating income.

Show the full calculation

Debt due within 24 months (Year 1 + Year 2 buckets): $1.4B

Current average rate = interest expense / interest-bearing debt = $198M / $5.5B = 3.61%

Synthetic rating bucket from coverage (EBITDA/interest 5.9x, operating income/interest 2.5x): BBB

Market yield for BBB bucket (ICE BofA via FRED, 2026-07-23): 5.62% (BAMLC0A4CBBBEY)

Rate change: 5.62% − 3.61% = +2.01 pp

Annual cost change: +2.01% × $1.4B = +$28M/yr

As share of operating income ($490M): 5.7%

Index-level estimate, not issuer-level bond pricing: the rating bucket is inferred from interest coverage (not an agency rating), and actual new-issue pricing depends on tenor, security, and market conditions. See the methodology.

Hidden future pain — added interest run-rate as the schedule rolls

+1yr

+$8M/yr (1.6%)

+2yr

+$28M/yr (5.7%)

+3yr

+$48M/yr (9.8%)

+4yr

+$86M/yr (17.6%)

+5yr

+$111M/yr (22.7%)

Cumulative run-rate change once all debt maturing by each horizon has refinanced. Assumes yields hold. Market-wide view on the Hidden Future Pain page.

What if yields move? market yield 5.62% (+0 bps)

24-month wall refinanced at that yield: = of operating income

Compare across all companies on the Refinancing Cliff Map →

How This Score Was Computed

Weighted average of 4 scored components (raw 4.30, rounded to 4). Weights of skipped components are redistributed proportionally among those scored.

Component	Value	Sub-Score	Weight Used
Near-Term Maturity Concentration Show calculation Year-1 maturities / Total scheduled maturities Year-1 maturities: $387M Total scheduled maturities: $5.5B	7.0%	3/10	30%
Interest Coverage Ratio Show calculation Operating income / Interest expense Operating income: $490M Interest expense: $198M	2.47x	5/10	25%
Debt-to-Equity Ratio Show calculation Long-term debt / Stockholders' equity Long-term debt: $5.5B Stockholders' equity: $6.4B	0.85	3/10	25%
Cash Coverage of Near-Term Debt Show calculation Cash & equivalents / Debt due within 12 months Cash & equivalents: $240M Near-term debt: $387M	0.62x	7/10	20%
Cash Runway Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.	N/A	—	not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from Microchip Technology's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date	Form	Details
2026-07-24	8-K	Officer / Director Change
2026-07-06	DEFA14A	Additional proxy materials
2026-07-06	DEF 14A	Proxy statement
2026-06-01	8-K	Officer / Director Change
2026-05-21	10-K	Annual report
2026-05-07	8-K	Earnings Results
2026-02-11	8-K	Material Agreement, New Debt Obligation, Unregistered Share Sale, Other Events
2026-02-05	10-Q	Quarterly report

Related Companies

NVIDIA

NVDA

2/10

Debt: $8.5B 12mo: $1.0B

AMD

1/10

Debt: $3.2B 12mo: $875M

Intel

INTC

2/10

Debt: $46.6B 12mo: $2.5B

Broadcom

AVGO

2/10

Debt: $64.9B 12mo: $493M

Debt: $14.8B 12mo: $0

Texas Instruments

TXN

2/10

Debt: $14.1B 12mo: $1.1B

Micron Technology

1/10

Debt: $8.8B 12mo: $0

Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-05-21. Data last fetched: 2026-07-26. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.
View SEC EDGAR filings for Microchip Technology →