How cash rich is Apple?
Apple had around $166.3 billion in cash during its fiscal second quarter in 2023. The company regularly maintains one of the largest cash piles in the U.S.
Apple (AAPL)
The technology company now has cash and investments of $166 billion. That's a staggering amount, totaling 6% of the holdings of all S&P 500 companies. To its credit, Apple is trying to dispense of the cash using both dividends and buybacks. But it can't get rid of money fast enough.
Apple once famously borrowed money to pay dividends to its shareholders, while it was sitting on mountains of cash parked in tax haven countries. In this view, companies hold excess cash largely to avoid having it taxed through repatriation.
Apple's value officially crossed the $3 trillion mark for the first time in June, and briefly touched $3 trillion in December 2022 during intraday trading. Apple stock hit its all-time high July 31 and it remains the most valuable publicly traded U.S. company.
The largest part of Apple's investment in recent years was attributed for purchases of marketable securities. In the company's 2023 financial year these investments amounted 29.5 billion U.S. dollars. Marketable securities are debts that are to be sold or redeemed within a year.
Apple now has $162.1 billion in cash on hand, according to the company's fiscal fourth-quarter earnings report released Thursday. The figure is below the company's cash pile from its fiscal third quarter of 2023, when it reported $166.5 billion.
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.
The borrowing is profitable for the company's shareholders by at least one measure: the company's earnings yield, a measure of how much the company earns relative to its share price, is around 5.6%, while it can borrow for 30 years for less than 3%. Apple's not the only one seizing this golden opportunity.
Cash on Hand as of December 2023 : $29.09 B
According to Tesla's latest financial reports the company has $29.09 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.
What Is Apple's Debt? You can click the graphic below for the historical numbers, but it shows that Apple had US$109.3b of debt in July 2023, down from US$119.7b, one year before. However, because it has a cash reserve of US$62.5b, its net debt is less, at about US$46.8b.
Are there any trillionaires?
As of today, no billionaire is within striking distance of becoming a trillionaire.
Apple CEO Tim Cook Joins The Rare Ranks Of Non-Founder CEO Billionaires.
Apple CEO Tim Cook, who has been at the helm since just prior to founder Steve Jobs' death in 2011, squeezes onto Forbes' billionaires list with a net worth of $2 billion. Under Cook's reign, Apple pioneered products like the Apple Watch and wireless AirPods.
Cash on Hand as of December 2023 : $7.19 B
According to Walt Disney's latest financial reports the company has $7.19 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.
Amazon had more than $86 billion in cash at the end of 2023. For most of its three decades in existence, Amazon has opted to plow its cash back into the business. The last buyback was for $10 billion in 2022, which is a pittance compared with similar sized peers.
| Symbol | Cash on hand FQ | Price |
|---|---|---|
| GOOG D | 108.09 B USD | 173.69 USD |
| AMZN D | 87.283 B USD | 179.62 USD |
| MSFT D | 80.021 B USD | 406.32 USD |
| AAPL D | 73.1 B USD | 169.30 USD |
The company's move comes after Meta's board authorized its first ever dividend in February. Google's parent company had $108 billion in cash and marketable securities on hand as of March 31, 2024. Shares shot up 15% in after hours trading. The news was announced alongside better-than-expected first-quarter earnings.
Simplicity has been at the center of Buffett's strategy for decades. With Berkshire holding a record $168 billion of cash and short-term investments on its balance sheet, investors must surely be wondering what Buffett is thinking. I'd say he just told us, and I think it makes a lot of sense.
The ownership structure of Apple (AAPL) stock is a mix of institutional, retail and individual investors. Approximately 34.58% of the company's stock is owned by Institutional Investors, 0.11% is owned by Insiders and 65.31% is owned by Public Companies and Individual Investors.
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.
Is Tesla in debt?
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.
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.
If you had invested $1,000 in Apple stock on Jan. 24, 1984, today, you would have $1,593,809. Likewise, if you had invested $1,000 in an index fund replicating Nasdaq, you would have $55,090. A similar $1,000 investment in an index fund that replicates the S&P 500 would be worth $29,230.
High returns. Another less obvious reason Buffett is still an Apple investor is simple because he believes the stock is going to continue generating market-beating returns over the long term, which is exactly what it has done in the past.
July 3 (Reuters) - Apple Inc (AAPL. O) , opens new tab became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve.
