Analysis of Debt
Total Debt (Carrying Amount)
Apple Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).
| Debt item | Description | The company |
|---|---|---|
| Total commercial paper, term debt, and finance leases (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Apple Inc. total debt decreased from 2021 to 2022 and from 2022 to 2023. |
Total Debt (Fair Value)
| Sep 30, 2023 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Commercial paper | 5,985) |
| Notes | 90,800) |
| Current portion of finance leases | 165) |
| Non-current portion of finance leases | 859) |
| Total commercial paper, term debt, and finance leases (fair value) | 97,809) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.87 |
Based on: 10-K (reporting date: 2023-09-30).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 6.53%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 5.28% | 5,985) | 316) | |
| 6.72% | 101,322) | 6,809) | |
| 4.88% | 5,250) | 256) | |
| 3.00% | 165) | 5) | |
| 3.00% | 859) | 26) | |
| Total | 113,581) | 7,412) | |
| 6.53% | |||
Based on: 10-K (reporting date: 2023-09-30).
1 US$ in millions
2 Weighted-average interest rate = 100 × 7,412 ÷ 113,581 = 6.53%