Apple Balance Sheet Health
Financial Health criteria checks 3/6
Apple has a total shareholder equity of $74.2B and total debt of $104.6B, which brings its debt-to-equity ratio to 141%. Its total assets and total liabilities are $337.4B and $263.2B respectively. Apple's EBIT is $118.2B making its interest coverage ratio 646.1. It has cash and short-term investments of $67.2B.
Key information
141.0%
Debt to equity ratio
US$104.59b
Debt
Interest coverage ratio | 646.1x |
Cash | US$67.15b |
Equity | US$74.19b |
Total liabilities | US$263.22b |
Total assets | US$337.41b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: AAPL's short term assets ($128.4B) exceed its short term liabilities ($123.8B).
Long Term Liabilities: AAPL's short term assets ($128.4B) do not cover its long term liabilities ($139.4B).
Debt to Equity History and Analysis
Debt Level: AAPL's net debt to equity ratio (50.5%) is considered high.
Reducing Debt: AAPL's debt to equity ratio has increased from 106.4% to 141% over the past 5 years.
Debt Coverage: AAPL's debt is well covered by operating cash flow (105.7%).
Interest Coverage: AAPL's interest payments on its debt are well covered by EBIT (646.1x coverage).