Apple Balance Sheet Health
Financial Health criteria checks 2/6
Apple has a total shareholder equity of $66.7B and total debt of $101.3B, which brings its debt-to-equity ratio to 151.9%. Its total assets and total liabilities are $331.6B and $264.9B respectively. Apple's EBIT is $120.6B making its interest coverage ratio 659. It has cash and short-term investments of $61.8B.
Key information
151.9%
Debt to equity ratio
US$101.30b
Debt
| Interest coverage ratio | 659x |
| Cash | US$61.80b |
| Equity | US$66.71b |
| Total liabilities | US$264.90b |
| Total assets | US$331.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAPL's short term assets ($125.4B) do not cover its short term liabilities ($131.6B).
Long Term Liabilities: AAPL's short term assets ($125.4B) do not cover its long term liabilities ($133.3B).
Debt to Equity History and Analysis
Debt Level: AAPL's net debt to equity ratio (59.2%) is considered high.
Reducing Debt: AAPL's debt to equity ratio has increased from 112.4% to 151.9% over the past 5 years.
Debt Coverage: AAPL's debt is well covered by operating cash flow (111.6%).
Interest Coverage: AAPL's interest payments on its debt are well covered by EBIT (659x coverage).