Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

Analysis of Liquidity Ratios

Microsoft Excel LibreOffice Calc

Liquidity ratios measure the company ability to meet its short-term obligations.


Liquidity Ratios (Summary)

Apple Inc., liquidity ratios

Microsoft Excel LibreOffice Calc
Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Sep 24, 2016
Current ratio 1.07 1.36 1.54 1.12 1.28 1.35
Quick ratio 0.91 1.22 1.38 0.99 1.09 1.22
Cash ratio 0.50 0.86 0.95 0.57 0.74 0.85

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Apple Inc. current ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
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 2019 to 2020 and from 2020 to 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Apple Inc. cash ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Current Ratio

Apple Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Sep 24, 2016
Selected Financial Data (US$ in millions)
Current assets 134,836  143,713  162,819  131,339  128,645  106,869 
Current liabilities 125,481  105,392  105,718  116,866  100,814  79,006 
Liquidity Ratio
Current ratio1 1.07 1.36 1.54 1.12 1.28 1.35
Benchmarks
Current Ratio, Competitors2
Cisco Systems Inc. 1.49 1.72 1.51 2.29 3.03 3.16
Current Ratio, Sector
Technology Hardware & Equipment 1.43 1.53 1.34 1.65 1.79
Current Ratio, Industry
Information Technology 1.69 1.63 1.75 1.90 1.86

Based on: 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).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 134,836 ÷ 125,481 = 1.07

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 2019 to 2020 and from 2020 to 2021.

Quick Ratio

Apple Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Sep 24, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 34,940  38,016  48,844  25,913  20,289  20,484 
Current marketable securities 27,699  52,927  51,713  40,388  53,892  46,671 
Accounts receivable, net 26,278  16,120  22,926  23,186  17,874  15,754 
Vendor non-trade receivables 25,228  21,325  22,878  25,809  17,799  13,545 
Total quick assets 114,145  128,388  146,361  115,296  109,854  96,454 
 
Current liabilities 125,481  105,392  105,718  116,866  100,814  79,006 
Liquidity Ratio
Quick ratio1 0.91 1.22 1.38 0.99 1.09 1.22
Benchmarks
Quick Ratio, Competitors2
Cisco Systems Inc. 1.32 1.58 1.39 2.11 2.92 3.05
Quick Ratio, Sector
Technology Hardware & Equipment 1.29 1.39 1.20 1.48 1.66
Quick Ratio, Industry
Information Technology 1.50 1.46 1.56 1.73 1.68

Based on: 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).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 114,145 ÷ 125,481 = 0.91

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 2019 to 2020 and from 2020 to 2021.

Cash Ratio

Apple Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Sep 24, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 34,940  38,016  48,844  25,913  20,289  20,484 
Current marketable securities 27,699  52,927  51,713  40,388  53,892  46,671 
Total cash assets 62,639  90,943  100,557  66,301  74,181  67,155 
 
Current liabilities 125,481  105,392  105,718  116,866  100,814  79,006 
Liquidity Ratio
Cash ratio1 0.50 0.86 0.95 0.57 0.74 0.85
Benchmarks
Cash Ratio, Competitors2
Cisco Systems Inc. 0.93 1.16 1.05 1.72 2.56 2.64
Cash Ratio, Sector
Technology Hardware & Equipment 0.92 0.97 0.78 1.13 1.28
Cash Ratio, Industry
Information Technology 1.13 1.05 1.14 1.34 1.30

Based on: 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).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 62,639 ÷ 125,481 = 0.50

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 2019 to 2020 and from 2020 to 2021.