Apple Inc (AAPL)

Cash ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cash and cash equivalents	US$ in thousands	29,943,000	29,965,000	23,646,000	34,940,000	38,016,000
Short-term investments	US$ in thousands	35,228,000	31,590,000	24,658,000	27,699,000	52,927,000
Total current liabilities	US$ in thousands	176,392,000	145,308,000	153,982,000	125,481,000	105,392,000
Cash ratio		0.37	0.42	0.31	0.50	0.86

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($29,943,000K + $35,228,000K) ÷ $176,392,000K
= 0.37

The cash ratio of Apple Inc has exhibited fluctuations over the past five years. The trend shows a decline from 0.86 in 2020 to 0.37 in 2024. A cash ratio below 1 indicates that Apple's cash and cash equivalents may not be sufficient to cover its current liabilities. This downward trend suggests that Apple may have been deploying its cash resources for investments, acquisitions, or other strategic initiatives rather than maintaining a higher level of liquidity. It is important for investors and stakeholders to monitor Apple's cash management practices to ensure the company can meet its short-term obligations.