Apple Inc (AAPL)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 91,807,000 | 84,936,000 | 90,201,000 |
| Total assets | US$ in thousands | 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 | 338,516,000 | 322,239,000 | 341,998,000 |
| Debt-to-assets ratio | 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 | 0.27 | 0.26 | 0.26 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $95,088,000K ÷ $353,514,000K
= 0.27
The debt-to-assets ratio of Apple Inc has shown some variability over the past few quarters, ranging from 0.26 to 0.32. This ratio provides insight into the company's financial leverage and risk exposure. A lower ratio indicates that a smaller portion of Apple's assets is financed by debt, which may imply less financial risk. On the other hand, a higher ratio suggests a larger proportion of assets is funded by debt, potentially increasing financial risk due to interest obligations and repayment requirements.
Overall, Apple Inc's debt-to-assets ratio has generally been within a reasonable range, indicating a balanced approach to financing its operations. However, investors and stakeholders should continue to monitor this ratio to ensure that Apple maintains a healthy balance between debt and assets to support its growth and profitability.
Peer comparison
Dec 31, 2023