Apple (AAPL) - Total debt (2024)

FAQs

How much total debt does Apple have? ›

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.

Financial prowess

The tech giant started borrowing aggressively about a decade ago to take advantage of ultra-low interest rates. This has helped to fund its buybacks and dividends. Moreover, you'd struggle to find a more profitable enterprise than this one.

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 long term debt for the quarter ending March 31, 2024 was $91.831B, a 5.37% decline year-over-year. Apple long term debt for 2023 was $95.281B, a 3.72% decline from 2022. Apple long term debt for 2022 was $98.959B, a 9.3% decline from 2021. Apple long term debt for 2021 was $109.106B, a 10.58% increase from 2020.

The WACC of Apple Inc (AAPL) is 8.9%. The Cost of Equity of Apple Inc (AAPL) is 9.1%. The Cost of Debt of Apple Inc (AAPL) is 4.3%.

United States. The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 128.13%.

The company had $172.5 billion in cash, equivalents and marketable securities on its balance sheet as of the end of December. Apple also had $108.0 billion in debt on its books, largely dating back to when it borrowed money for dividends and buybacks instead of bringing back overseas cash.

Profitability and Growth

Apple has been profitable 10 over the past 10 years. Over the past twelve months, the company had a revenue of $383.90 billion and Earnings Per Share (EPS) of $5.95. Its operating margin is 29.23%, which ranks better than 97.73% of 2423 companies in the Hardware industry.

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.

Tesla has to fuel its expansion by leveraging debt. According to the company's 2021 annual filing, Tesla reported total liabilities of $30.5 billion. Between 2020 and 2021, the company incurred 7% more debt.

How does Apple have so much cash? ›

Apple is an enormous company that simultaneously manages to carry a large cash balance while increasing long-term debts. The company took advantage of the low-interest-rate environment and locked in significant income from issuing bonds.

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.

1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds.

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.

Total debt on the balance sheet as of March 2024 : $28.05 B

According to Alphabet (Google)'s latest financial reports the company's total debt is $28.05 B. A company's total debt is the sum of all current and non-current debts.

Apple's net debt for fiscal years ending September 2019 to 2023 averaged -59.239 billion. Apple's operated at median net debt of -53.994 billion from fiscal years ending September 2019 to 2023. Looking back at the last 5 years, Apple's net debt peaked in September 2022 at -36.629 billion.

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.

Debt-to-GDP Ratio

The $34 trillion is also bigger than our own economy. The United States' gross domestic product, or GDP, which is the sum total of all the goods and services we produce in a year, is about is about $27 trillion.

You don't incur debt unless you sign up for subscriptions or purchase products in the App Store. That debt needs to be paid for and does not go away by simply removing a card from your account. For subscriptions, they need to be cancelled. If charges occurred to do fraud, they need to be resolved.