Apple Inc (AAPL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 90,488,000 | 96,456,000 | 105,860,000 |
| Debt-to-equity ratio | 1.28 | 1.53 | 1.63 | 1.56 | 1.76 | 1.95 | 1.63 | 1.53 | 1.48 | 1.73 | 1.65 | 1.57 | 1.50 | 1.51 | 1.30 | 1.14 | 1.04 | 1.01 | 0.88 | 0.85 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $95,088,000K ÷ $74,100,000K
= 1.28
The debt-to-equity ratio of Apple Inc has shown a fluctuating trend over the past five years, increasing from 0.85 at the end of March 2019 to 1.76 by the end of December 2022. This indicates that the company has been relying more on debt financing compared to equity during this period.
However, it is important to note that in recent quarters, the ratio has started to decline slightly, reaching 1.28 by the end of December 2023. This could indicate a shift towards a more balanced capital structure where the company is reducing its reliance on debt and focusing more on equity financing.
Overall, Apple Inc's debt-to-equity ratio reflects a mix of debt and equity in its capital structure, and the recent downward trend may suggest a positive direction in terms of financial leverage and risk management. Continued monitoring of this ratio will be essential to assess the company's long-term financial stability and growth prospects.
Peer comparison
Dec 31, 2023