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 | ||
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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