What is Apple's long term debt?
Apple Total Long Term Debt (Quarterly): 108.04B for Dec. 31, 2023.
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 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 net current debt for the twelve months ending December 31, 2023 was $-21.893B, a 1380.29% decline year-over-year. Apple annual net current debt for 2023 was $-3.978B, a 200.58% decline from 2022. Apple annual net current debt for 2022 was $3.955B, a 286.99% increase from 2021.
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.
Apple total long term liabilities for the quarter ending December 31, 2023 were $145.441B, a 4.77% decline year-over-year. Apple total long term liabilities for 2023 were $145.129B, a 2.01% decline from 2022. Apple total long term liabilities for 2022 were $148.101B, a 8.82% decline 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 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.
Apple has faced repeated hits to its business over the past year. However, it's on a promising growth path. The company is playing the long game with its venture into VR/AR and expansion in other smartphone markets. Additionally, it has funds to invest heavily in its development.
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.
How big is Apple financially?
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.
“During the quarter, we generated nearly $40 billion of operating cash flow, and returned almost $27 billion to our shareholders. We are confident in our future, and continue to make significant investments across our business to support our long-term growth plans.”
How Healthy Is Apple's Balance Sheet? The latest balance sheet data shows that Apple had liabilities of US$120.1b due within a year, and liabilities of US$149.9b falling due after that. Offsetting this, it had US$55.9b in cash and US$35.9b in receivables that were due within 12 months.
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.
The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Apple debt/equity for the three months ending December 31, 2023 was 1.28.
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.
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.
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. As I said previously, its debt/equity ratio, according to the Barchart data, is 1.63.
The latest blow came Tuesday, when Counterpoint Research released a report estimating that Apple sold 24% fewer iPhones in China, the world's second-biggest economy, in the first six weeks of 2024 than in 2023. Overall smartphone sales declined 7% in the period, the report said.
Apple total liabilities for 2023 were $290.437B, a 3.86% decline from 2022. Apple total liabilities for 2022 were $302.083B, a 4.92% increase from 2021. Apple total liabilities for 2021 were $287.912B, a 11.36% increase from 2020.
What stock is better than Apple?
Additionally, Amazon's diverse business model has seen it gain a powerful position in tech, with a leading 31% market share in the $626 billion cloud market. This chart shows Amazon's stock significantly outperforming Apple's over the last year.
| Year | Median Price Prediction | Potential Low |
|---|---|---|
| 2024 | $216 | $183 |
| 2025 | $237 | $199 |
| 2026 | $298 | $271 |
| 2030 | $561 | $460 |
Apple stock has received a consensus rating of buy. The average rating score is Aaa and is based on 67 buy ratings, 30 hold ratings, and 2 sell ratings. What was the 52-week low for Apple stock? The low in the last 52 weeks of Apple stock was 162.87.
Five years ago, Amazon (NASDAQ: AMZN) was more valuable than Apple (NASDAQ: AAPL). The e-commerce and cloud leader had a market cap of $821 billion, while the maker of iPhones, iPads, and Macs was worth $744 billion. But today, Amazon is worth $1.64 trillion, while Apple has a market cap of $2.98 trillion.
Valued at over $3 trillion, Apple is the largest company in the world by market capitalization as of December 2023. Samsung, with a market cap of over $374 billion, is another global powerhouse. The company makes up over a fifth of South Korea's GDP. The bulk of Apple's sales is from its iPhones.
