Discontinued — last reported Q3 '16

Other

Fair value of long-term debt

Cummins Fair value of long-term debt decreased by 4.9% to $7.42B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.1%, from $7.43B to $7.42B. Over 4 years (FY 2020 to FY 2024), Fair value of long-term debt shows an upward trend with a 9.3% CAGR.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryLeverage
SignalContext dependent
VolatilityModerate
First reportedQ1 2016
Last reportedQ3 2016

How to read this metric

When fair value is significantly lower than carrying value, it often indicates that market interest rates have risen since the debt was issued.

Detailed definition

The estimated market value of the company's long-term debt obligations if they were to be traded or settled at current m...

Peer comparison

Commonly disclosed by all capital-intensive utilities to show the impact of interest rate fluctuations on debt portfolios.

Metric ID: other_long_term_debt_fair_value

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$4.30B$4.29B$4.46B$4.06B$4.11B$7.64B$7.40B$7.39B$7.28B$6.94B$6.38B$6.49B$7.07B$7.43B$6.65B$7.14B$7.81B$7.42B
QoQ Change-0.4%+4.1%-9.0%+1.2%+85.8%-3.1%-0.2%-1.4%-4.7%-8.1%+1.8%+8.9%+5.0%-10.4%+7.4%+9.3%-4.9%
YoY Change-4.5%+78.2%+65.9%+81.9%+77.2%-9.1%-13.9%-12.1%-2.9%+7.0%+4.3%+10.0%+10.4%-0.1%
Range$4.06B$7.81B
CAGR+13.7%
Avg YoY Growth+20.9%
Median YoY Growth+5.7%

Frequently Asked Questions

What is Cummins's fair value of long-term debt?
Cummins (CMI) reported fair value of long-term debt of $7.42B in Q3 2025.
How has Cummins's fair value of long-term debt changed year-over-year?
Cummins's fair value of long-term debt decreased by 0.1% year-over-year, from $7.43B to $7.42B.
What is the long-term trend for Cummins's fair value of long-term debt?
Over 4 years (2020 to 2024), Cummins's fair value of long-term debt has grown at a 9.3% compound annual growth rate (CAGR), from $4.67B to $6.65B.
What does fair value of long-term debt mean?
The current market price of the company's long-term debt if it were bought or sold today.