Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Apple's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was $2,764 Mil. Apple's average total debt for the quarter that ended in Mar. 2022 was $121,390 Mil. Therefore, Apple's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 2.28%.
Apple Effective Interest Rate on Debt % Historical Data
The historical data trend for Apple's Effective Interest Rate on Debt % 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
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Effective Interest Rate on Debt %
2.29
2.82
3.21
2.61
2.23
Apple Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Effective Interest Rate on Debt %
2.29
2.19
2.18
2.24
2.28
Competitive Comparison
For the Consumer Electronics subindustry, Apple's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution
For the Hardware industry and Technology sector, Apple's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Apple's Effective Interest Rate on Debt % falls into.
Apple Effective Interest Rate on Debt % Calculation
Apple's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2021 is calculated as
* 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.
In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data,
the Interest Expense data used here is four times the quarterly (Mar. 2022) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Apple (NAS:AAPL) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Apple Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of Apple's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally.
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