Does Apple have a lot of long term debt?
Apple carries over $100 billion of long-term debt on its balance sheet. But the tech titan is also able to produce massive amounts of free cash flow. This easily covers interest payments and funds its stock buybacks and dividends.
Total debt on the balance sheet as of December 2023 : $108.04 B. According to Apple's latest financial reports the company's total debt is $108.04 B. A company's total debt is the sum of all current and non-current debts.
Apple is in 20th spot at 25.31%. The debt/equity ratio to the left of it says 1.63, which means that its total liabilities are higher than its equity.
As you can see below, Apple had US$111.1b of debt at September 2023, down from US$120.1b a year prior. However, it does have US$61.6b in cash offsetting this, leading to net debt of about US$49.5b.
Apple total long-term assets for the quarter ending December 31, 2023 were $209.822B, a 3.74% decline year-over-year. Apple total long-term assets for 2023 were $209.017B, a 3.83% decline from 2022. Apple total long-term assets for 2022 were $217.35B, a 0.55% increase from 2021.
Apple has a low net debt to EBITDA ratio of only 0.27. And its EBIT covers its interest expense a whopping 648 times over. So we're pretty relaxed about its super-conservative use of debt. The good news is that Apple has increased its EBIT by 4.1% over twelve months, which should ease any concerns about debt repayment.
Apple isn't just borrowing to benefit from inflation. They're strategically deploying this capital in areas that yield higher returns. One such area is stock buybacks. Over the past decade, Apple has reduced its outstanding shares from 26 billion to 16 billion, effectively boosting its stock price.
Apple has significant cash and short-term investments, making its debt less of a concern. Apple's healthy balance sheets have made it a considerably attractive investment.
CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2023 fourth quarter ended September 30, 2023. The Company posted quarterly revenue of $89.5 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.46, up 13 percent year over year.
Long-term debt / capital can be defined as a measurement of a company's financial leverage, calculated as the company's long-term debt divided by its total capital. Apple long-term debt / capital for the three months ending December 31, 2023 was 0.56.
Does Apple have short term debt?
Apple Inc (AAPL) Short-Term Debt: $13 Billion for the quarter ended December 30th, 2023. Since the quarter ended September 28th, 2013, Apple Inc's short-term debt has increased from $0.00 to $13 Billion as of the quarter ended December 30th, 2023.
| Name | Total Debt / Total Assets |
|---|---|
| Microsoft Corporation | 23.7% |
| HP Inc | 30.5% |
| Apple Inc | 30.6% |
| Amazon.com Inc | 30.6% |
The Company's retail operations are subject to many factors that pose risks and uncertainties and could adversely impact the Company's business, results of operations and financial condition, including macroeconomic factors that could have an adverse effect on general retail activity.
Total debt on the balance sheet as of December 2023 : $9.57 B. According to Tesla's latest financial reports the company's total debt is $9.57 B. A company's total debt is the sum of all current and non-current debts.
While never actually filing for bankruptcy, Apple (AAPL) was on the verge of going bust in 1997. At the last minute, arch-rival Microsoft (MSFT) swooped in with a $150 million investment and saved the company.
It has been consistently ranked as one of the world's most valuable brands. Apple became the first publicly traded U.S. company to be valued at over $1 trillion in August 2018, then at $2 trillion in August 2020, and at $3 trillion in January 2022.
Apple's iPhone sales accounted for over 58 percent of the company's overall revenue in the first quarter of fiscal year 2024, the largest share of all Apple products. Over the years, services as well as wearables, home and accessories have made a growing contribution to Apple's net sales.
| Trade Creditors | Change | |
|---|---|---|
| HP | USD 13.26B | 791M |
| IBM | USD 4.13B | 790M |
| Infinera | USD 282.12M | 2.48M |
| Jabil Circuit | USD 5.04B | 589M |
Reasons why companies might elect to use debt rather than equity financing include: A loan does not provide an ownership stake and, so, does not cause dilution to the owners' equity position in the business. Debt can be a less expensive source of growth capital if the Company is growing at a high rate.
31, 2023.
Is Apple a short or long term investment?
The company has faced repeated hits to its business but has a promising long-term outlook. Apple (AAPL -0.35%) has had a challenging start to 2024, with its shares down 9% year to date. Macroeconomic headwinds caught up with the company last year, which led to four consecutive quarters of revenue declines.
As of Sept. 25, 2021 (company year-end), Apple has total assets of $351 billion, total liabilities of $287.91 billion, and total shareholders' equity of $63.09 billion. Apple has a strong current ratio, which evaluates its current assets in relation to its current liabilities, of 1.07.
Cash on Hand as of December 2023 : $73.10 B
According to Apple's latest financial reports the company has $73.10 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.
As of February 2023, the Japanese car manufacturer Toyota was the company with the highest debt worldwide, amounting to 217 billion U.S. dollars. The Chinese property developer Evergrande followed in second with a debt of roughly 170 billion U.S. dollars, with Volkswagen following in third.
Of the $33T of debt, roughly 78% is owned by the public (70% US vs 30% International). The major US public owners include the FED ($6T, but they are no longer buyers), mutual funds, banks, states, pension funds and insurance companies.
