USD -3,049 Mil as of today(2020-08-09). In depth view into AAPL Interest Expense explanation, calculation, historical data and more" />Apple Interest Expense | AAPL - GuruFocus.com
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Apple Interest Expense

: USD -3,049 Mil (TTM As of Jun. 2020)
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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apple's interest expense for the three months ended in Jun. 2020 was USD -697 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2020 was USD -3,049 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's Operating Income for the three months ended in Jun. 2020 was USD 13,091 Mil. Apple's Interest Expense for the three months ended in Jun. 2020 was USD -697 Mil. Apple's Interest Coverage for the quarter that ended in Jun. 2020 was 18.78. 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.


Apple 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 Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -733.00 -1,456.00 -2,323.00 -3,240.00 -3,576.00

Apple Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 -866.00 -810.00 -785.00 -757.00 -697.00

Apple Interest Expense 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 Jun. 2020 was -810 (Sep. 2019 ) + -785 (Dec. 2019 ) + -757 (Mar. 2020 ) + -697 (Jun. 2020 ) = USD -3,049 Mil.

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


Apple  (NAS:AAPL) Interest Expense 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's Interest Expense for the three months ended in Jun. 2020 was USD -697 Mil. Its Operating Income for the three months ended in Jun. 2020 was USD 13,091 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2020 was USD 94,048 Mil.

Apple's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Interest Coverage=-1*Operating Income (Q: Jun. 2020 )/Interest Expense (Q: Jun. 2020 )
=-1*13091/-697
=18.78

* 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.


Apple Interest Expense Headlines

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