Debt to Equity
since 2005
Calculation
Apple Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Shareholders’ equity1 | |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1.79 | = | 111,088) | ÷ | 62,146) |
| Sep 24, 2022 | 2.37 | = | 120,069) | ÷ | 50,672) |
| Sep 25, 2021 | 1.98 | = | 124,719) | ÷ | 63,090) |
| Sep 26, 2020 | 1.72 | = | 112,436) | ÷ | 65,339) |
| Sep 28, 2019 | 1.19 | = | 108,047) | ÷ | 90,488) |
| Sep 29, 2018 | 1.07 | = | 114,483) | ÷ | 107,147) |
| Sep 30, 2017 | 0.86 | = | 115,680) | ÷ | 134,047) |
| Sep 24, 2016 | 0.68 | = | 87,032) | ÷ | 128,249) |
| Sep 26, 2015 | 0.54 | = | 64,462) | ÷ | 119,355) |
| Sep 27, 2014 | 0.32 | = | 35,295) | ÷ | 111,547) |
| Sep 28, 2013 | 0.14 | = | 16,960) | ÷ | 123,549) |
| Sep 29, 2012 | 0.00 | = | —) | ÷ | 118,210) |
| Sep 24, 2011 | 0.00 | = | —) | ÷ | 76,615) |
| Sep 25, 2010 | 0.00 | = | —) | ÷ | 47,791) |
| Sep 26, 2009 | 0.00 | = | —) | ÷ | 27,832) |
| Sep 27, 2008 | 0.00 | = | —) | ÷ | 21,030) |
| Sep 29, 2007 | 0.00 | = | —) | ÷ | 14,532) |
| Sep 30, 2006 | 0.00 | = | —) | ÷ | 9,984) |
| Sep 24, 2005 | 0.00 | = | —) | ÷ | 7,466) |
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), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).
1 US$ in millions
Comparison to Competitors
Apple Inc., debt to equity, long-term trends, comparison to competitors
| Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|
| Sep 30, 2023 | 1.79 | 0.00 | 0.19 | 0.15 |
| Sep 24, 2022 | 2.37 | 0.00 | 0.24 | 0.42 |
| Sep 25, 2021 | 1.98 | 0.00 | 0.28 | 0.09 |
| Sep 26, 2020 | 1.72 | 0.00 | 0.38 | 0.03 |
| Sep 28, 2019 | 1.19 | 0.00 | 0.73 | 0.03 |
| Sep 29, 2018 | 1.07 | 0.02 | 0.59 | 0.14 |
| Sep 30, 2017 | 0.86 | 0.02 | 0.51 | 0.21 |
| Sep 24, 2016 | 0.68 | 0.04 | 0.45 | 0.13 |
| Sep 26, 2015 | 0.54 | 0.05 | 0.42 | 0.15 |
| Sep 27, 2014 | 0.32 | 0.08 | 0.37 | 0.10 |
| Sep 28, 2013 | 0.14 | — | 0.27 | 0.09 |
| Sep 29, 2012 | 0.00 | — | 0.32 | 0.10 |
| Sep 24, 2011 | 0.00 | — | 0.36 | 0.10 |
| Sep 25, 2010 | 0.00 | — | 0.35 | 0.08 |
| Sep 26, 2009 | 0.00 | — | 0.27 | 0.06 |
| Sep 27, 2008 | 0.00 | — | 0.20 | 0.07 |
| Sep 29, 2007 | 0.00 | — | 0.20 | 0.10 |
| Sep 30, 2006 | 0.00 | — | 0.26 | — |
| Sep 24, 2005 | 0.00 | — | 0.00 | — |
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), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).
Comparison to Sector (Technology Hardware & Equipment)
Apple Inc., debt to equity, long-term trends, comparison to sector (technology hardware & equipment)
| Apple Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Sep 30, 2023 | 1.79 | 1.04 |
| Sep 24, 2022 | 2.37 | 1.35 |
| Sep 25, 2021 | 1.98 | 1.25 |
| Sep 26, 2020 | 1.72 | 1.18 |
| Sep 28, 2019 | 1.19 | 1.04 |
| Sep 29, 2018 | 1.07 | 0.91 |
| Sep 30, 2017 | 0.86 | 0.74 |
| Sep 24, 2016 | 0.68 | 0.60 |
| Sep 26, 2015 | 0.54 | 0.50 |
| Sep 27, 2014 | 0.32 | 0.33 |
| Sep 28, 2013 | 0.14 | 0.18 |
| Sep 29, 2012 | 0.00 | 0.10 |
| Sep 24, 2011 | 0.00 | 0.14 |
| Sep 25, 2010 | 0.00 | 0.17 |
| Sep 26, 2009 | 0.00 | 0.15 |
| Sep 27, 2008 | 0.00 | 0.12 |
| Sep 29, 2007 | 0.00 | 0.14 |
| Sep 30, 2006 | 0.00 | 0.19 |
| Sep 24, 2005 | 0.00 | 0.00 |
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), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).
Comparison to Industry (Information Technology)
Apple Inc., debt to equity, long-term trends, comparison to industry (information technology)
| Apple Inc. | Information Technology | |
|---|---|---|
| Sep 30, 2023 | 1.79 | 0.62 |
| Sep 24, 2022 | 2.37 | 0.67 |
| Sep 25, 2021 | 1.98 | 0.77 |
| Sep 26, 2020 | 1.72 | 0.88 |
| Sep 28, 2019 | 1.19 | 0.88 |
| Sep 29, 2018 | 1.07 | 0.83 |
| Sep 30, 2017 | 0.86 | 0.81 |
| Sep 24, 2016 | 0.68 | 0.66 |
| Sep 26, 2015 | 0.54 | 0.57 |
| Sep 27, 2014 | 0.32 | 0.39 |
| Sep 28, 2013 | 0.14 | 0.29 |
| Sep 29, 2012 | 0.00 | 0.25 |
| Sep 24, 2011 | 0.00 | 0.27 |
| Sep 25, 2010 | 0.00 | 0.25 |
| Sep 26, 2009 | 0.00 | 0.26 |
| Sep 27, 2008 | 0.00 | 0.29 |
| Sep 29, 2007 | 0.00 | 0.27 |
| Sep 30, 2006 | 0.00 | 0.20 |
| Sep 24, 2005 | 0.00 | 0.15 |
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), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).