How much debt does Apple have?
According to Apple's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Apple's total debt stands at $106.63B. This is broken down into:
- Long-term debt: $96.55B
- Short-term debt: $22.51B
The company's net debt, which accounts for cash and cash equivalents, is $76.69B. In terms of overall financial obligations, Apple's total liabilities amount to $308.03B.
Debt Ratios and Metrics
To better understand Apple's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.87 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 29.22% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 0.00 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 60.09% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 65.19% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Apple's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$106.63B
Long-term Debt
$96.55B
Short-term Debt
$22.51B
Net Debt
$76.69B
Total Liabilities
$308.03B
Interest Coverage
0.00
Debt to Equity Ratio
1.87
Debt Ratio
29.22%
Apple Historical Debt Metrics
Apple Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
---|---|---|---|---|---|---|---|---|---|---|
2024 | $106.63B | $96.55B | $22.51B | $76.69B | $308.03B | 1.87 | 29.22% | 0.00 | 60.09% | 65.19% |
2023 | $111.09B | $106.55B | $17.38B | $81.12B | $290.44B | 1.79 | 31.51% | 29.06 | 60.52% | 64.13% |
2022 | $132.48B | $109.71B | $22.77B | $108.83B | $302.08B | 2.37 | 34.04% | 40.75 | 66.14% | 70.32% |
2021 | $136.52B | $119.38B | $17.14B | $101.58B | $287.91B | 1.98 | 35.53% | 41.19 | 63.36% | 66.41% |
2020 | $122.28B | $107.05B | $15.23B | $84.26B | $258.55B | 1.72 | 34.71% | 23.07 | 60.16% | 63.25% |
2019 | $108.05B | $91.81B | $16.24B | $59.20B | $248.03B | 1.19 | 31.92% | 17.88 | 50.36% | 54.42% |
2018 | $114.48B | $93.73B | $20.75B | $88.57B | $258.58B | 1.07 | 31.30% | 21.88 | 46.66% | 51.66% |
2017 | $115.68B | $97.21B | $18.47B | $95.39B | $241.27B | 0.86 | 30.82% | 26.41 | 42.03% | 46.32% |
2016 | $87.03B | $75.43B | $11.61B | $66.55B | $193.44B | 0.68 | 27.05% | 42.97 | 37.03% | 40.43% |
2015 | $64.33B | $53.33B | $11.00B | $43.21B | $170.99B | 0.54 | 22.16% | 97.18 | 30.88% | 35.02% |