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Apple Cash-to-Debt

: 0.86 (As of Mar. 2020)
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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Apple's cash to debt ratio for the quarter that ended in Mar. 2020 was 0.86.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Apple couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2020.

NAS:AAPL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58   Med: 11.6   Max: No Debt
Current: 0.86
0.58
No Debt

During the past 13 years, Apple's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was 11.60.

NAS:AAPL's Cash-to-Debt is ranked lower than
59% of the 2266 Companies
in the Hardware industry.

( Industry Median: 1.33 vs. NAS:AAPL: 0.86 )

Apple Cash-to-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
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.65 0.77 0.64 0.58 0.93

Apple Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Cash-to-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 0.71 0.87 0.93 0.99 0.86
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 Cash-to-Debt Distribution

* The bar in red indicates where Apple's Cash-to-Debt falls into.


Apple Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Apple's Cash to Debt Ratio for the fiscal year that ended in Sep. 2019 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=100557 / (16240 + 91807)
=0.93

Apple's Cash to Debt Ratio for the quarter that ended in Mar. 2020 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=94051 / (20421 + 89086)
=0.86

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

Apple  (NAS:AAPL) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Apple Cash-to-Debt Related Terms

Apple Cash-to-Debt Headlines

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