Debt-to-EBITDA measures a company's ability to pay off its debt.
Apple's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $12,574 Mil. Apple's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $97,041 Mil. Apple's annualized EBITDA for the quarter that ended in Mar. 2023 was $128,840 Mil.
Apple's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2023 was 0.85.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Apple's Debt-to-EBITDA or its related term are showing as below:
AAPL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.3 Med: 1.1 Max: 1.51
Current: 0.87
During the past 13 years, the highest Debt-to-EBITDA Ratio of Apple was 1.51. The lowest was 0.30. And the median was 1.10.
AAPL's Debt-to-EBITDA is ranked better than 66.19% of 1748
companies
in the Hardware industry
Industry Median: 1.74
vs AAPL: 0.87
Apple Debt-to-EBITDA Historical Data
The historical data trend for Apple's Debt-to-EBITDA can be seen below:
* 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
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Debt-to-EBITDA
1.32
1.32
1.39
1.01
0.90
Apple Quarterly Data
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Debt-to-EBITDA
0.89
1.13
1.06
0.70
0.85
Competitive Comparison
For the Consumer Electronics subindustry, Apple's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* 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. Note that "N/A" values will not show up in the chart.
Apple Debt-to-EBITDA Distribution
For the Hardware industry and Technology sector, Apple's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Apple's Debt-to-EBITDA falls in comparison to its industry or sector. The grey bar indicates the Debt-to-EBITDA's extreme value range as defined by GuruFocus.
Apple Debt-to-EBITDA Calculation
Debt-to-EBITDA measures a company's ability to pay off its debt.
Apple's Debt-to-EBITDA for the fiscal year that ended in Sep. 2022 is calculated as
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2023) EBITDA data.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Apple Debt-to-EBITDA Related Terms
Thank you for viewing the detailed overview of Apple's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.
Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and AirPods. The iPhone makes up most of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Fitness, Apple Card, and Apple Pay, among others. Apple's products include internally developed software and semiconductors, and the firm is well known for its integration of hardware, software, semiconductors, and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally.
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