Apple Inc (AAPL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 338,516,000 | 322,239,000 | 341,998,000 |
| 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 |
| Financial leverage ratio | 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 | 3.74 | 3.34 | 3.23 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $353,514,000K ÷ $74,100,000K
= 4.77
The financial leverage ratio of Apple Inc has shown fluctuations over the past few quarters, ranging from 3.23 to 6.96. A higher financial leverage ratio indicates that a company relies more on debt to finance its operations, while a lower ratio suggests less dependence on borrowed funds.
The trend in Apple's financial leverage ratio indicates a general increase in leveraging over the period, with some fluctuations. The company's financial leverage peaked at 6.96 in Sep 2022 before gradually decreasing to 4.09 in Mar 2020. This decrease may suggest a reduction in the company's debt levels or an increase in equity financing.
Overall, Apple Inc's financial leverage ratio suggests that the company has been moderately leveraged, using a mix of debt and equity to support its operations and investments. Investors and analysts often monitor changes in this ratio to assess the company's risk profile and financial stability.
Peer comparison
Dec 31, 2023