Apple Financial Health
Financial Health criteria checks 2/6
Apple has a total shareholder equity of $60.3B and total debt of $109.3B, which brings its debt-to-equity ratio to 181.3%. Its total assets and total liabilities are $335.0B and $274.8B respectively. Apple's EBIT is $112.2B making its interest coverage ratio 469.6. It has cash and short-term investments of $62.5B.
Key information
181.3%
Debt to equity ratio
US$109.28b
Debt
| Interest coverage ratio | 469.6x |
| Cash | US$62.48b |
| Equity | US$60.27b |
| Total liabilities | US$274.76b |
| Total assets | US$335.04b |
Financial Position Analysis
Short Term Liabilities: AAPL's short term assets ($122.7B) do not cover its short term liabilities ($125.0B).
Long Term Liabilities: AAPL's short term assets ($122.7B) do not cover its long term liabilities ($149.8B).
Debt to Equity History and Analysis
Debt Level: AAPL's net debt to equity ratio (77.6%) is considered high.
Reducing Debt: AAPL's debt to equity ratio has increased from 99.8% to 181.3% over the past 5 years.
Debt Coverage: AAPL's debt is well covered by operating cash flow (103.5%).
Interest Coverage: AAPL's interest payments on its debt are well covered by EBIT (469.6x coverage).