.Analysis of Debt
Difficulty: Advanced
Total Debt (Carrying Amount)
Apple Inc., Statement of Financial Position, Debt
USD $ in millions
| Sep 30, 2017 | Sep 24, 2016 | Sep 26, 2015 | Sep 27, 2014 | Sep 28, 2013 | Sep 29, 2012 | ||
|---|---|---|---|---|---|---|---|
| | Commercial paper | ||||||
| | Current portion of long-term debt | ||||||
| | Long-term debt, excluding current portion | ||||||
| | Total commercial paper and long-term debt (carrying amount) |
Source: Based on data from Apple Inc., Annual Reports
| Item | Description | The company |
|---|---|---|
| Total commercial paper and long-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 increased from 2015 to 2016 and from 2016 to 2017. |
Total Debt (Fair Value)
| Sep 30, 2017 | |
|---|---|
| Selected Financial Data (USD $ in millions) | |
| Commercial paper | |
| Notes | |
| Total commercial paper and long-term debt (fair value) | |
| Ratio | |
| Debt, fair value to carrying amount | |
Source: Based on data from Apple Inc., Annual Reports
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: %
| Interest Rate | Debt Amount1 | Interest Rate × Debt Amount | Weighted-average Interest Rate2 | |
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| Total | % |
Source: Based on data from Apple Inc., Annual Reports
1 USD $ in millions
2 Weighted-average interest rate = 100 × ÷ = %
