Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Apple Inc., liquidity ratios

Microsoft Excel
Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Current ratio 0.88 1.07 1.36 1.54 1.12 1.28
Quick ratio 0.71 0.91 1.22 1.38 0.99 1.09
Cash ratio 0.31 0.50 0.86 0.95 0.57 0.74

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Apple Inc. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Apple Inc. quick ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Apple Inc. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Current Ratio

Apple Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Selected Financial Data (US$ in millions)
Current assets 135,405 134,836 143,713 162,819 131,339 128,645
Current liabilities 153,982 125,481 105,392 105,718 116,866 100,814
Liquidity Ratio
Current ratio1 0.88 1.07 1.36 1.54 1.12 1.28
Benchmarks
Current Ratio, Competitors2
Cisco Systems Inc. 1.43 1.49 1.72 1.51 2.29 3.03
Enphase Energy Inc. 3.33 1.75 2.51 1.51 1.42
Current Ratio, Sector
Technology Hardware & Equipment 1.15 1.43 1.53 1.34 1.65
Current Ratio, Industry
Information Technology 1.61 1.80 1.73 1.82 2.00

Based on: 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).

1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 135,405 ÷ 153,982 = 0.88

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Apple Inc. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Quick Ratio

Apple Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 23,646 34,940 38,016 48,844 25,913 20,289
Current marketable securities 24,658 27,699 52,927 51,713 40,388 53,892
Accounts receivable, net 28,184 26,278 16,120 22,926 23,186 17,874
Vendor non-trade receivables 32,748 25,228 21,325 22,878 25,809 17,799
Total quick assets 109,236 114,145 128,388 146,361 115,296 109,854
 
Current liabilities 153,982 125,481 105,392 105,718 116,866 100,814
Liquidity Ratio
Quick ratio1 0.71 0.91 1.22 1.38 0.99 1.09
Benchmarks
Quick Ratio, Competitors2
Cisco Systems Inc. 1.16 1.32 1.58 1.39 2.11 2.92
Enphase Energy Inc. 3.07 1.61 2.22 1.26 1.03
Quick Ratio, Sector
Technology Hardware & Equipment 0.99 1.29 1.39 1.20 1.48
Quick Ratio, Industry
Information Technology 1.37 1.57 1.52 1.62 1.80

Based on: 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).

1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 109,236 ÷ 153,982 = 0.71

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Apple Inc. quick ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Cash Ratio

Apple Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 23,646 34,940 38,016 48,844 25,913 20,289
Current marketable securities 24,658 27,699 52,927 51,713 40,388 53,892
Total cash assets 48,304 62,639 90,943 100,557 66,301 74,181
 
Current liabilities 153,982 125,481 105,392 105,718 116,866 100,814
Liquidity Ratio
Cash ratio1 0.31 0.50 0.86 0.95 0.57 0.74
Benchmarks
Cash Ratio, Competitors2
Cisco Systems Inc. 0.75 0.93 1.16 1.05 1.72 2.56
Enphase Energy Inc. 2.31 1.27 1.49 0.72 0.32
Cash Ratio, Sector
Technology Hardware & Equipment 0.58 0.92 0.98 0.78 1.13
Cash Ratio, Industry
Information Technology 0.98 1.20 1.11 1.17 1.39

Based on: 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).

1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 48,304 ÷ 153,982 = 0.31

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Apple Inc. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022.