Apple Inc (AAPL)

Debt-to-assets 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
Long-term debt US$ in thousands 85,750,000 86,196,000 91,831,000 95,088,000 95,281,000 98,071,000 97,041,000 99,627,000 98,959,000 94,700,000 103,323,000 106,629,000 109,106,000 105,752,000 108,642,000 99,281,000 98,667,000 94,048,000 89,086,000 93,078,000
Total assets US$ in thousands 364,980,000 331,612,000 337,411,000 353,514,000 352,583,000 335,038,000 332,160,000 346,747,000 352,755,000 336,309,000 350,662,000 381,191,000 351,002,000 329,840,000 337,158,000 354,054,000 323,888,000 317,344,000 320,400,000 340,618,000
Debt-to-assets ratio 0.23 0.26 0.27 0.27 0.27 0.29 0.29 0.29 0.28 0.28 0.29 0.28 0.31 0.32 0.32 0.28 0.30 0.30 0.28 0.27

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $85,750,000K ÷ $364,980,000K
= 0.23

The debt-to-assets ratio of Apple Inc has shown some fluctuation over the past few quarters, ranging from 0.23 to 0.32. This ratio indicates the proportion of the company's assets financed by debt, with lower ratios generally considered more favorable as they suggest lower financial risk.

In the most recent quarter, the debt-to-assets ratio was 0.23, indicating that only 23% of Apple's assets were financed by debt. This suggests a stronger financial position and less reliance on borrowing to fund operations or investments.

It is worth noting that the ratio has generally been trending downwards over the past few quarters, which may imply that Apple has been reducing its reliance on debt financing. However, the ratio increased slightly in the September 2024 quarter compared to the previous quarter, indicating a slight increase in debt relative to assets.

Overall, Apple Inc's debt-to-assets ratio demonstrates a healthy balance between debt and assets, with a favorable trend towards lower leverage in recent periods.


Peer comparison

Sep 30, 2024

Company name
Symbol
Debt-to-assets ratio
Apple Inc
AAPL
0.23
Omnicell Inc
OMCL
0.26
Super Micro Computer Inc
SMCI
0.02

See also:

Apple Inc Debt to Assets (Quarterly Data)