What Does Apple's Debt Look Like?
Portfolio Pulse from Benzinga Insights
Apple Inc.'s total debt stands at $109.61 billion, with $97.04 billion in long-term debt and $12.57 billion in current debt. After adjusting for $24.69 billion in cash-equivalents, the company has a net debt of $84.93 billion. Apple's debt-ratio is 0.33, considering its $332.16 billion in total assets.
May 19, 2023 | 5:15 pm
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Apple's total debt is $109.61 billion, with a net debt of $84.93 billion after adjusting for cash-equivalents. The company's debt-ratio stands at 0.33.
Apple's debt-ratio of 0.33 indicates that the company has a moderate level of debt relative to its assets. While debt can help a company grow, it can also impact cash-flow and increase the risk of default if interest rates rise. However, the debt-ratio varies across industries, and Apple's current ratio may not be a cause for concern in the short term.
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