Apple Cash-to-Debt

: 0.57 (As of Mar. 2021)

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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. 2021 was 0.57.

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. 2021.

NAS:AAPL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 10.35 Max: No Debt
Current: 0.57

0.57

No Debt

During the past 13 years, Apple's highest Cash to Debt Ratio was No Debt. The lowest was 0.57. And the median was 10.35.

NAS:AAPL's Cash-to-Debt is ranked lower than
72% of the 2357 Companies
in the Hardware industry.

( Industry Median: 1.40 vs. NAS:AAPL: 0.57 )

Apple Cash-to-Debt Historical Data

* 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

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Cash-to-Debt

0.77

0.64

0.58

0.93

0.81

Apple Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash-to-Debt																0.86	0.83	0.81	0.69	0.57

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.

Annual Data Quarterly Data

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. 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)
	=	90943	/	(13769	+	98667)
	=	0.81

Apple's Cash to Debt Ratio for the quarter that ended in Mar. 2021 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)
	=	69834	/	(13003	+	108642)
	=	0.57

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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Apple Cash-to-Debt

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