Apple Inc (AAPL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 56,950,000 | 62,146,000 | 50,672,000 | 63,090,000 | 65,339,000 |
| Debt-to-equity ratio | 1.51 | 1.53 | 1.95 | 1.73 | 1.51 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $85,750,000K ÷ $56,950,000K
= 1.51
The debt-to-equity ratio of Apple Inc has fluctuated over the past five years. In 2024, the ratio stood at 1.51, showing a slight decrease from the previous year where it was 1.53. This suggests that the company's reliance on debt relative to equity has slightly improved.
Comparing to two years prior to 2024, the ratio was notably higher at 1.95 in 2022. This indicates that Apple had a higher level of debt in relation to equity in 2022. However, the ratio decreased to 1.73 in 2021, showing some improvement.
Overall, Apple's debt-to-equity ratio has shown some fluctuations, but it is important to assess this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health and leverage position.
Peer comparison
Sep 30, 2024