Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Apple Inc. (NASDAQ:AAPL)

Analysis of Debt

Advanced level

Total Debt (Carrying Amount)

Apple Inc., balance sheet: debt

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Sep 24, 2016 Sep 26, 2015
Commercial paper 4,996  5,980  11,964  11,977  8,105  8,499 
Current portion of term debt 8,773  10,260  8,784  6,496  3,500  2,500 
Non-current portion of term debt 98,667  91,807  93,735  97,207  75,427  53,463 
Total commercial paper and term debt (carrying amount) 112,436  108,047  114,483  115,680  87,032  64,462 

Based on: 10-K (filing date: 2020-10-30), 10-K (filing date: 2019-10-31), 10-K (filing date: 2018-11-05), 10-K (filing date: 2017-11-03), 10-K (filing date: 2016-10-26), 10-K (filing date: 2015-10-28).

Debt item Description The company
Total commercial paper and term debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Apple Inc.’s total debt decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Sep 26, 2020
Selected Financial Data (US$ in millions)
Commercial paper 4,996 
Notes 117,100 
Total commercial paper and term debt (fair value) 122,096 
Financial Ratio
Debt, fair value to carrying amount ratio 1.09

Based on: 10-K (filing date: 2020-10-30).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt: 4.17%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
1.39% 2,250  31 
4.78% 87,487  4,182 
0.56% 2,341  13 
2.72% 8,500  231 
2.59% 5,500  142 
0.62% 4,996  31 
Total 111,074  4,631 
4.17%

Based on: 10-K (filing date: 2020-10-30).

1 US$ in millions

2 Weighted-average interest rate = 100 × 4,631 ÷ 111,074 = 4.17%