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Apple Debt-to-EBITDA

: 1.13 (As of Jun. 2022)
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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 Jun. 2022 was €23,641 Mil. Apple's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was €89,586 Mil. Apple's annualized EBITDA for the quarter that ended in Jun. 2022 was €100,617 Mil. Apple's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 was 1.13.

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:

MIL:AAPL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.3   Med: 1.19   Max: 1.51
Current: 0.91

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 1.19.

MIL:AAPL's Debt-to-EBITDA is ranked better than
66.37% of 1778 companies
in the Hardware industry
Industry Median: 1.75 vs MIL:AAPL: 0.91

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 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.51 1.32 1.32 1.39 1.01

Apple Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Debt-to-EBITDA 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 1.09 1.16 0.69 0.89 1.13

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 into.



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. 2021 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(13271.050000398 + 92740.100002782) / 104665.60000314
=1.01

Apple's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(23641.4860007 + 89586.200002652) / 100616.56000298
=1.13

* 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 (Jun. 2022) EBITDA data.


Apple  (MIL:AAPL) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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 Business Description

Apple logo
Address
One Apple Park Way, Cupertino, CA, USA, 95014
Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority 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 Card, and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software 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.

Apple Headlines

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