Apple Inc (AAPL)
Debt-to-equity 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-equity ratio | 1.51 | 1.29 | 1.24 | 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 |
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 for Apple Inc has shown fluctuations over the past years, ranging from a high of 1.95 in September 2022 to a low of 1.04 in December 2019. A higher debt-to-equity ratio indicates that the company is relying more on debt to finance its operations compared to equity.
In the recent period, the ratio has been hovering around the 1.20-1.50 range, suggesting a moderate level of debt relative to equity. This indicates a relatively balanced capital structure, where the company is utilizing a mix of debt and equity to fund its operations and investments.
It is important to monitor the trend of the debt-to-equity ratio over time to assess the company's financial leverage and risk profile. A decreasing ratio may indicate a reduction in debt levels or an increase in equity, improving the company's financial stability. Conversely, an increasing ratio may signal a higher level of financial risk as debt levels are rising relative to equity.
Overall, Apple Inc's debt-to-equity ratio reflects a moderate level of indebtedness and a balanced approach to financing its operations.
Peer comparison
Sep 30, 2024