Apple Debt to Equity Ratio Insights (2024)

Historical Debt to Equity Ratio Data

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Date Value
December 31, 2023 1.458
September 30, 2023 1.788
June 30, 2023 1.813
March 31, 2023 1.764
December 31, 2022 1.959
September 30, 2022 2.370
June 30, 2022 2.060
March 31, 2022 1.780
December 31, 2021 1.707
September 30, 2021 1.977
June 30, 2021 1.895
March 31, 2021 1.758
December 31, 2020 1.692
September 30, 2020 1.721
June 30, 2020 1.560
March 31, 2020 1.396
December 31, 2019 1.210
September 30, 2019 1.194
June 30, 2019 1.124
March 31, 2019 1.064
December 31, 2018 0.9732
September 30, 2018 1.068
June 30, 2018 0.997
March 31, 2018 0.9603
December 31, 2017 0.873
Date Value
September 30, 2017 0.863
June 30, 2017 0.8181
March 31, 2017 0.7348
December 31, 2016 0.6613
September 30, 2016 0.6786
June 30, 2016 0.6712
March 31, 2016 0.6122
December 31, 2015 0.4909
September 30, 2015 0.539
June 30, 2015 0.433
March 31, 2015 0.3401
December 31, 2014 0.2952
September 30, 2014 0.3164
June 30, 2014 0.2567
March 31, 2014 0.1411
December 31, 2013 0.1308
September 30, 2013 0.1373
June 30, 2013 0.1375
March 31, 2013 0.00
December 31, 2012 0.00
September 30, 2012 0.00
June 30, 2012 0.00
March 31, 2012 0.00
December 31, 2011 0.00
September 30, 2011 0.00

Debt to Equity Ratio Definition

The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.

Read full definition.

Debt to Equity Ratio Range, Past 5 Years



Jun 2019



Sep 2022





Mar 2021

Debt to Equity Ratio Benchmarks

Apple Debt to Equity Ratio Insights (2024)


Apple Debt to Equity Ratio Insights? ›

Apple (AAPL) Debt-to-Equity : 1.41 (As of Mar. 2024)

Does Apple have a good debt-to-equity ratio? ›

Debt to Equity History and Analysis

Debt Level: AAPL's net debt to equity ratio (47.2%) is considered high.

What does debt-to-equity ratio tell you about a company? ›

The debt-to-equity (D/E) ratio compares a company's total liabilities with its shareholder equity and can be used to assess the extent of its reliance on debt. D/E ratios vary by industry and are best used to compare direct competitors or to measure change in the company's reliance on debt over time.

What is a good ratio for debt-to-equity ratio? ›

A good debt to equity ratio is around 1 to 1.5. However, the ideal debt to equity ratio will vary depending on the industry because some industries use more debt financing than others. Capital-intensive industries like the financial and manufacturing industries often have higher ratios that can be greater than 2.

Why does Apple have high debt? ›

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.

Why is the Apple debt-to-equity ratio so high? ›

Apple has a strong current ratio, which evaluates its current assets in relation to its current liabilities, of 1.07. Apple's debt-to-equity ratio has been increasing over the past five years as it takes on more debt to finance share buybacks, increase dividends, and grow.

Is Apple's debt good or bad? ›

Thus we consider debt relative to earnings both with and without depreciation and amortization expenses. Apple's net debt is only 0.38 times its EBITDA. And its EBIT easily covers its interest expense, being 470 times the size. So you could argue it is no more threatened by its debt than an elephant is by a mouse.

What is a bad debt-to-equity ratio? ›

The maximum acceptable debt-to-equity ratio for more companies is between 1.5-2 or less. Large companies having a value higher than 2 of the debt-to-equity ratio is acceptable. 3. A debt-to-equity ratio indicates that a company may not be able to generate enough cash to satisfy its debt obligations.

Is 0.5 a good debt-to-equity ratio? ›

Generally, a lower ratio is better, as it implies that the company is in less debt and is less risky for lenders and investors. A debt-to-equity ratio of 0.5 or below is considered good.

What is a good long-term debt-to-equity ratio? ›

There isn't a universal "good" or average long-term debt to equity ratio, but it should be at least 3% of total assets for small businesses. Large companies should have more than 40% of long-term debt to equity.

What is Apple's debt ratio? ›

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. If I divide its debt ($123.93 billion) by its equity ($62.15 billion), I get 1.69.

What is Toyota's debt-to-equity ratio? ›

Toyota Motor's operated at median debt / equity of 105.3% from fiscal years ending March 2019 to 2023. Looking back at the last 5 years, Toyota Motor's debt / equity peaked in March 2021 at 111.0%. Toyota Motor's debt / equity hit its 5-year low in March 2022 of 102.5%.

Is 70 debt-to-equity ratio good? ›

For example, if a property is purchased with $1,000,000 in debt and $500,000 in equity, the debt to equity ratio is 2:1. Generally, a good ratio is 70% debt and 30% equity or 2.33:1, but this may vary depending on the type of property involved.

Does Apple have a debt problem? ›

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.

What is Apple's debt situation? ›

Apple carries over $100 billion of long-term debt on its balance sheet. But the tech titan is also able to produce massive amounts of free cash flow. This easily covers interest payments and funds its stock buybacks and dividends.

How financially stable is Apple? ›

Apple has the Financial Strength Rank of 7.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is.

Does Apple have a high level of debt? ›

A new study says that Apple is one of the world's most indebted tech companies, with $109.28 billion of debt. That's according to, who used data from Companies Market Cap to visualize the world's most indebted tech companies based on total debts for the most recent fiscal year.

Does Apple have high debt? ›

Apple has a low net debt to EBITDA ratio of only 0.38. And its EBIT covers its interest expense a whopping 470 times over. So we're pretty relaxed about its super-conservative use of debt.

Does Apple have a lot of debt? ›

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.

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