Apple Balance Sheet Health
Financial Health criteria checks 3/6
Apple has a total shareholder equity of $74.1B and total debt of $108.0B, which brings its debt-to-equity ratio to 145.8%. Its total assets and total liabilities are $353.5B and $279.4B respectively. Apple's EBIT is $118.7B making its interest coverage ratio 648.4. It has cash and short-term investments of $73.1B.
Key information
145.8%
Debt to equity ratio
US$108.04b
Debt
Interest coverage ratio | 648.4x |
Cash | US$73.10b |
Equity | US$74.10b |
Total liabilities | US$279.41b |
Total assets | US$353.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAPL34's short term assets ($143.7B) exceed its short term liabilities ($134.0B).
Long Term Liabilities: AAPL34's short term assets ($143.7B) do not cover its long term liabilities ($145.4B).
Debt to Equity History and Analysis
Debt Level: AAPL34's net debt to equity ratio (47.2%) is considered high.
Reducing Debt: AAPL34's debt to equity ratio has increased from 97.4% to 145.8% over the past 5 years.
Debt Coverage: AAPL34's debt is well covered by operating cash flow (107.8%).
Interest Coverage: AAPL34's interest payments on its debt are well covered by EBIT (648.4x coverage).