Apple Inc (AAPL)

Financial leverage 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
Total assets	US$ in thousands	364,980,000	331,612,000	337,411,000	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
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
Financial leverage ratio		6.41	4.97	4.55	4.77	5.67	5.56	5.34	6.11	6.96	5.79	5.20	5.30	5.56	5.13	4.87	5.35	4.96	4.39	4.09	3.80

September 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $364,980,000K ÷ $56,950,000K
= 6.41

The financial leverage ratio of Apple Inc has shown some fluctuation over the past few quarters. The ratio peaked at 6.96 in Sep 30, 2022, indicating higher financial leverage during that period. Subsequently, the ratio decreased to 4.55 in Mar 31, 2024, before increasing again to 6.41 in Sep 30, 2024. This suggests that the company has been utilizing more debt in its capital structure, which can amplify returns but also increases financial risk.

Overall, the trend in Apple's financial leverage ratio indicates a varying degree of reliance on debt financing to support its operations and growth initiatives. It is important for stakeholders to closely monitor this ratio to assess the company's risk profile and financial stability.