Apple Inc (AAPL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 56,950,000 | 66,708,000 | 74,194,000 | 74,100,000 | 62,146,000 | 60,274,000 | 62,158,000 | 56,727,000 | 50,672,000 | 58,107,000 | 67,399,000 | 71,932,000 | 63,090,000 | 64,280,000 | 69,178,000 | 66,224,000 | 65,339,000 | 72,282,000 | 78,425,000 | 89,531,000 |
| Debt-to-capital ratio | 0.60 | 0.56 | 0.55 | 0.56 | 0.61 | 0.62 | 0.61 | 0.64 | 0.66 | 0.62 | 0.61 | 0.60 | 0.63 | 0.62 | 0.61 | 0.60 | 0.60 | 0.57 | 0.53 | 0.51 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $85,750,000K ÷ ($85,750,000K + $56,950,000K)
= 0.60
The debt-to-capital ratio of Apple Inc has shown some fluctuation over the past few quarters, ranging from 0.51 to 0.66. A higher debt-to-capital ratio indicates a higher proportion of debt in the company's capital structure compared to equity.
Based on the data provided, the ratio peaked at 0.66 in the third quarter of 2022 before decreasing to 0.56 in the second quarter of 2023. Since then, it has generally hovered around the range of 0.55 to 0.62, suggesting a relatively stable level of debt relative to the overall capital employed by Apple Inc.
Overall, the trend in the debt-to-capital ratio indicates that Apple Inc has been managing its debt levels effectively and maintaining a balanced capital structure over the analyzed period.
Peer comparison
Sep 30, 2024