Apple (BSP:AAPL34) Debt-to-Equity

: 1.46 (As of Dec. 2023)

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Apple's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$63,462 Mil. Apple's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$465,912 Mil. Apple's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$363,075 Mil. Apple's debt to equity for the quarter that ended in Dec. 2023 was 1.46.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Apple's Debt-to-Equity or its related term are showing as below:

BSP:AAPL34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 1.07 Max: 2.37
Current: 1.46

During the past 13 years, the highest Debt-to-Equity Ratio of Apple was 2.37. The lowest was 0.14. And the median was 1.07.

BSP:AAPL34's Debt-to-Equity is ranked worse than
92.72% of 2198 companies
in the Hardware industry
Industry Median: 0.28 vs BSP:AAPL34: 1.46

Apple Debt-to-Equity Historical Data

The historical data trend for Apple's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Apple Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

1.19

1.72

1.98

2.37

1.79

Apple Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.96	1.76	1.81	1.79	1.46

Competitive Comparison

For the Consumer Electronics subindustry, Apple's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Apple Debt-to-Equity Distribution

For the Hardware industry and Technology sector, Apple's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Apple's Debt-to-Equity falls into.

Apple Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Apple's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(78066.031	+	470564.275)	/	306920.45
	=	1.79

Apple's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(63462.21	+	465912.182)	/	363075.18
	=	1.46

Apple (BSP:AAPL34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Apple Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Apple's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Apple (BSP:AAPL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apple Inc (BSP:AAPL34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AAPL:USA AAPL:Peru AAPL:Mexico AAPL:Italy APCd:UK 0R2V:UK APC:Germany AAPL:Chile AAPL:Canada AAPL:Austria AAPL:Argentina

Address

One Apple Park Way, Cupertino, CA, USA, 95014

Website

https://www.apple.com

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

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