Apple Balance Sheet Health
Financial Health criteria checks 3/6
Apple has a total shareholder equity of $57.0B and total debt of $106.6B, which brings its debt-to-equity ratio to 187.2%. Its total assets and total liabilities are $365.0B and $308.0B respectively. Apple's EBIT is $123.2B making its interest coverage ratio 673.3. It has cash and short-term investments of $65.2B.
Key information
187.2%
Debt to equity ratio
US$106.63b
Debt
| Interest coverage ratio | 673.3x |
| Cash | US$65.17b |
| Equity | US$56.95b |
| Total liabilities | US$308.03b |
| Total assets | US$364.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAPL's short term assets ($153.0B) do not cover its short term liabilities ($176.4B).
Long Term Liabilities: AAPL's short term assets ($153.0B) exceed its long term liabilities ($131.6B).
Debt to Equity History and Analysis
Debt Level: AAPL's net debt to equity ratio (72.8%) is considered high.
Reducing Debt: AAPL's debt to equity ratio has increased from 119.4% to 187.2% over the past 5 years.
Debt Coverage: AAPL's debt is well covered by operating cash flow (110.9%).
Interest Coverage: AAPL's interest payments on its debt are well covered by EBIT (673.3x coverage).