Apple Inc (AAPL)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 85,750,000 | 95,281,000 | 98,959,000 | 109,106,000 | 98,667,000 |
| Total assets | US$ in thousands | 364,980,000 | 352,583,000 | 352,755,000 | 351,002,000 | 323,888,000 |
| Debt-to-assets ratio | 0.23 | 0.27 | 0.28 | 0.31 | 0.30 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $85,750,000K ÷ $364,980,000K
= 0.23
Analyzing Apple Inc's debt-to-assets ratio over the past five years reveals a decreasing trend from 0.30 in 2020 to 0.23 in 2024. This indicates that Apple has reduced its reliance on debt financing in relation to its total assets over this period. A lower debt-to-assets ratio signifies a stronger financial position and less risk from debt obligations.
Apple's ability to lower its debt-to-assets ratio suggests effective financial management and a conservative approach to leverage, which may enhance the company's stability and flexibility in uncertain economic conditions. However, it is essential to monitor this ratio closely to ensure that Apple maintains a healthy balance between debt and assets to support its growth and strategic initiatives.
Peer comparison
Sep 30, 2024