How much cash Apple has on balance sheet?
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.
Apple alone last quarter reported sitting on $167 billion in cash and investments. That's 6.3% of all the S&P 500's cash. And it's only down 1.5% from fiscal 2022, despite the company paying a tiny 0.6% dividend yield.
| Name | Dec 30, 2023 | Dec 31, 2022 |
|---|---|---|
| Other Current Assets, Total | 13,979 | 16,422 |
| Total Assets | 353,514 | 346,747 |
| Property/Plant/Equipment, Total - Net | 43,666 | 42,951 |
| Property/Plant/Equipment, Total - Gross | 125,260 | - |
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 has grown to be one of the largest companies in the world. In the company's 2023 financial year (October 2022 to September 2023), Apple's total assets amounted to around 352.5 billion U.S. dollars.
Some claim that the money is stockpiling because Apple is not able to bring it back to the United States for fear of being subjected to corporate taxes. There are, however, other more fundamental reasons, why a company basing itself on innovation chooses to save as much money as possible. Not all assets are cash.
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.
The chart below, which you can click on for greater detail, shows that Alphabet had US$12.9b in debt in December 2023; about the same as the year before. However, its balance sheet shows it holds US$110.9b in cash, so it actually has US$98.0b net cash.
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.
Apple net cash flow for the twelve months ending December 31, 2023 was $24.070B, a 186.67% decline year-over-year. Apple annual net cash flow for 2023 was $5.76B, a 152.59% decline from 2022. Apple annual net cash flow for 2022 was $-10.952B, a 183.73% increase from 2021.
How much free cash does Apple have?
106.9B USD. Based on the financial report for Dec 30, 2023, Apple Inc's Free Cash Flow amounts to 106.9B USD.
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.
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 cash on hand for the quarter ending December 31, 2023 was $73.100B, a 42.34% increase year-over-year. Apple cash on hand for 2023 was $61.555B, a 27.43% increase from 2022. Apple cash on hand for 2022 was $48.304B, a 22.89% decline from 2021. Apple cash on hand for 2021 was $62.639B, a 31.12% decline from 2020.
Apple's strongest asset--the thing that makes it so valuable--isn't its products alone. It is Apple's ability to manage its operations.
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.
Why Does Apple Have More Debt Than Equity? If you look at Apple's 2023 10-K, you will see that its shareholder's equity at the end of September was $62.15 billion, up from $50.67 billion in 2022. Its total debt in 2023 was $123.93 billion, down from $132.48 billion in 2022.
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.
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.
Has Apple ever been bankrupted?
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.
Apple's debt ratio of 31% (comparing its debt to assets) has actually come down in recent years. And it demonstrates that there are ample assets backing the company. The business generated an incredible $114 billion in operating income in fiscal 2023. But it only made $3.9 billion in interest payments.
| Fiscal year is January-December. All values USD Millions. | 2023 | 2021 |
|---|---|---|
| Cash & Short Term Investments | 29,637 | 18,052 |
| Cash Only | 16,941 | 17,921 |
| Short-Term Investments | - | - |
| Cash & Short Term Investments Growth | 31.84% | -8.00% |
Total debt on the balance sheet as of December 2023 : $135.61 B. According to Amazon's latest financial reports the company's total debt is $135.61 B. A company's total debt is the sum of all current and non-current debts.
Ford Motor cash on hand for 2023 was $40.171B, a 8.85% decline from 2022. Ford Motor cash on hand for 2022 was $44.07B, a 11.14% decline from 2021. Ford Motor cash on hand for 2021 was $49.593B, a 0.74% decline from 2020.
