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Apple Effective Interest Rate on Debt %

: 2.51% (As of Jun. 2020)
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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 Jun. 2020 was $2,788 Mil. Apple's average total debt for the quarter that ended in Jun. 2020 was $111,115 Mil. Therefore, Apple's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 was 2.51%.

Apple Effective Interest Rate on Debt % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Apple Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.47 1.92 2.29 2.82 3.21

Apple Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.13 2.99 2.90 2.78 2.51
Competitive Comparison
* 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.

Apple Effective Interest Rate on Debt % Distribution

* 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. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2018 )+Total Debt  (A: Sep. 2019 ))/ count )
=-1  *  -3576/( (114483+108047)/ 2 )
=-1  *  -3576/111265
=3.21 %

where

Total Debt  (A: Sep. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=93735 + 20748
=114483

Total Debt  (A: Sep. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=91807 + 16240
=108047

Apple's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2020 )+Total Debt  (Q: Jun. 2020 ))/ count )
=-1  *  -2788/( (109507+112723)/ 2 )
=-1  *  -2788/111115
=2.51 %

where

Total Debt  (Q: Mar. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=89086 + 20421
=109507

Total Debt  (Q: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=94048 + 18675
=112723

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (Jun. 2020) 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

Apple Effective Interest Rate on Debt % Headlines

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