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Apple Inc  (NAS:AAPL) Interest Expense: $-3,396 Mil (TTM As of Dec. 2018)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apple Inc's interest expense for the three months ended in Dec. 2018 was $ -890 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2018 was $-3,396 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Apple Inc's Operating Income for the three months ended in Dec. 2018 was $ 23,346 Mil. Apple Inc's Interest Expense for the three months ended in Dec. 2018 was $ -890 Mil. Apple Inc's Interest Coverage for the quarter that ended in Dec. 2018 was 26.23. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


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 Inc Annual Data

Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -384.00 -733.00 -1,456.00 -2,323.00 -3,240.00

Apple Inc Quarterly Data

Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Interest Expense 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 -734.00 -792.00 -846.00 -868.00 -890.00

Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2018 was -792 (Mar. 2018 ) + -846 (Jun. 2018 ) + -868 (Sep. 2018 ) + -890 (Dec. 2018 ) = $-3,396 Mil.

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


Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Apple Inc's Interest Expense for the three months ended in Dec. 2018 was $-890 Mil. Its Operating Income for the three months ended in Dec. 2018 was $23,346 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2018 was $92,989 Mil.

Apple Inc's Interest Coverage for the quarter that ended in Dec. 2018 is calculated as

Interest Coverage=-1*Operating Income (Q: Dec. 2018 )/Interest Expense (Q: Dec. 2018 )
=-1*23346/-890
=26.23

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

The higher the ratio, the stronger the company's financial strength is.

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