Apple Inc (AAPL)
Cash ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 29,943,000 | 25,565,000 | 32,695,000 | 40,760,000 | 29,965,000 | 28,408,000 | 24,687,000 | 20,535,000 | 23,646,000 | 27,502,000 | 28,098,000 | 37,119,000 | 34,940,000 | 34,050,000 | 38,466,000 | 36,010,000 | 38,016,000 | 33,383,000 | 40,174,000 | 39,771,000 |
| Short-term investments | US$ in thousands | 35,228,000 | 36,236,000 | 34,455,000 | 32,340,000 | 31,590,000 | 34,074,000 | 31,185,000 | 30,820,000 | 24,658,000 | 20,729,000 | 23,413,000 | 26,794,000 | 27,699,000 | 27,646,000 | 31,368,000 | 40,816,000 | 52,927,000 | 59,642,000 | 53,877,000 | 67,391,000 |
| Total current liabilities | US$ in thousands | 176,392,000 | 131,624,000 | 123,822,000 | 133,973,000 | 145,308,000 | 124,963,000 | 120,075,000 | 137,286,000 | 153,982,000 | 129,873,000 | 127,508,000 | 147,574,000 | 125,481,000 | 107,754,000 | 106,385,000 | 132,507,000 | 105,392,000 | 95,318,000 | 96,094,000 | 102,161,000 |
| Cash ratio | 0.37 | 0.47 | 0.54 | 0.55 | 0.42 | 0.50 | 0.47 | 0.37 | 0.31 | 0.37 | 0.40 | 0.43 | 0.50 | 0.57 | 0.66 | 0.58 | 0.86 | 0.98 | 0.98 | 1.05 |
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 shown fluctuations over the periods indicated. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
From December 2019 to September 2020, Apple's cash ratio remained consistently high, ranging from 0.86 to 1.05, indicating a robust liquidity position during that period. However, from December 2020 to September 2021, the cash ratio decreased gradually, reaching its lowest point of 0.37 in September 2021. This could suggest a decrease in Apple's ability to cover short-term liabilities with cash during that time frame.
Following the low point in September 2021, Apple's cash ratio showed an upward trend, increasing to 0.66 by March 2021. The ratio continued to improve, peaking at 0.98 in September 2022 and remaining stable at around 0.98 for the subsequent quarters until March 2023.
From December 2023 to September 2024, the cash ratio declined slightly from 0.55 to 0.37. This decrease may indicate a temporary weakening of Apple's liquidity position, but it is essential to consider the overall trend rather than focusing on individual data points.
Overall, while Apple's cash ratio has experienced fluctuations, it has generally shown a healthy level of liquidity, particularly during the periods when the ratio was above 0.86. Continuous monitoring of the cash ratio is crucial for assessing Apple's short-term liquidity management and financial health.
Peer comparison
Sep 30, 2024