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: $85.75B
- Short-term debt: $20.88B
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
$85.75B
Short-term Debt
$20.88B
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 | $85.75B | $20.88B | $76.69B | $308.03B | 1.87 | 29.22% | 0.00 | 60.09% | 65.19% |
| 2023 | $123.93B | $106.55B | $17.38B | $93.97B | $290.44B | 1.79 | 31.51% | 29.06 | 60.52% | 64.13% |
| 2022 | $120.07B | $109.71B | $22.77B | $96.42B | $302.08B | 2.61 | 37.56% | 40.75 | 66.14% | 72.33% |
| 2021 | $124.72B | $119.38B | $17.14B | $89.78B | $287.91B | 2.16 | 38.89% | 41.19 | 63.36% | 68.39% |
| 2020 | $112.44B | $107.05B | $15.23B | $74.42B | $258.55B | 1.87 | 37.75% | 23.07 | 60.16% | 65.17% |
| 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 | $64.46B | $53.46B | $11.00B | $43.34B | $171.12B | 0.54 | 22.16% | 97.18 | 30.88% | 35.02% |
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