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Microsoft Excel LibreOffice Calc


Long-term Debt and Solvency Analysis

Difficulty: Beginner


Ratios (Summary)

Apple Inc., debt and solvency ratios

Microsoft Excel LibreOffice Calc
Sep 30, 2017 Sep 24, 2016 Sep 26, 2015 Sep 27, 2014 Sep 28, 2013 Sep 29, 2012
Debt to equity hidden hidden hidden hidden hidden hidden
Debt to capital hidden hidden hidden hidden hidden hidden
Interest coverage hidden hidden hidden hidden hidden hidden

Source: Based on data from Apple Inc. Annual Reports

Ratio Description The company
Debt-to-equity ratio A solvency ratio calculated as total debt divided by total shareholders' equity. Apple Inc.'s debt-to-equity ratio deteriorated from 2015 to 2016 and from 2016 to 2017.
Debt-to-capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. Apple Inc.'s debt-to-capital ratio deteriorated from 2015 to 2016 and from 2016 to 2017.
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Apple Inc.'s interest coverage ratio deteriorated from 2015 to 2016 and from 2016 to 2017.

Debt to Equity

Apple Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 30, 2017 Sep 24, 2016 Sep 26, 2015 Sep 27, 2014 Sep 28, 2013 Sep 29, 2012
Selected Financial Data (USD $ in millions)
Commercial paper hidden hidden hidden hidden hidden hidden
Current portion of long-term debt hidden hidden hidden hidden hidden hidden
Long-term debt, excluding current portion hidden hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden hidden
Shareholders' equity hidden hidden hidden hidden hidden hidden
Ratio
Debt to equity1 hidden hidden hidden hidden hidden hidden
Benchmarks
Debt to Equity, Competitors
Applied Materials Inc. hidden hidden hidden hidden hidden hidden
Broadcom Inc. hidden hidden hidden hidden hidden hidden
Cisco Systems Inc. hidden hidden hidden hidden hidden hidden
HP Inc. hidden hidden hidden hidden hidden hidden
Intel Corp. hidden hidden hidden hidden hidden hidden
NVIDIA Corp. hidden hidden hidden hidden hidden hidden
Qualcomm Inc. hidden hidden hidden hidden hidden hidden
Texas Instruments Inc. hidden hidden hidden hidden hidden hidden
Debt to Equity, Sector
Technology Hardware & Equipment hidden hidden hidden hidden hidden hidden
Debt to Equity, Industry
Technology hidden hidden hidden hidden hidden hidden

Source: Based on data from Apple Inc. Annual Reports

2017 Calculations

1 Debt to equity = Total debt ÷ Shareholders' equity
= hidden ÷ hidden = hidden

Ratio Description The company
Debt-to-equity ratio A solvency ratio calculated as total debt divided by total shareholders' equity. Apple Inc.'s debt-to-equity ratio deteriorated from 2015 to 2016 and from 2016 to 2017.

Debt to Capital

Apple Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 30, 2017 Sep 24, 2016 Sep 26, 2015 Sep 27, 2014 Sep 28, 2013 Sep 29, 2012
Selected Financial Data (USD $ in millions)
Commercial paper hidden hidden hidden hidden hidden hidden
Current portion of long-term debt hidden hidden hidden hidden hidden hidden
Long-term debt, excluding current portion hidden hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden hidden
Shareholders' equity hidden hidden hidden hidden hidden hidden
Total capital hidden hidden hidden hidden hidden hidden
Ratio
Debt to capital1 hidden hidden hidden hidden hidden hidden
Benchmarks
Debt to Capital, Competitors
Applied Materials Inc. hidden hidden hidden hidden hidden hidden
Broadcom Inc. hidden hidden hidden hidden hidden hidden
Cisco Systems Inc. hidden hidden hidden hidden hidden hidden
HP Inc. hidden hidden hidden hidden hidden hidden
Intel Corp. hidden hidden hidden hidden hidden hidden
NVIDIA Corp. hidden hidden hidden hidden hidden hidden
Qualcomm Inc. hidden hidden hidden hidden hidden hidden
Texas Instruments Inc. hidden hidden hidden hidden hidden hidden
Debt to Capital, Sector
Technology Hardware & Equipment hidden hidden hidden hidden hidden hidden
Debt to Capital, Industry
Technology hidden hidden hidden hidden hidden hidden

Source: Based on data from Apple Inc. Annual Reports

2017 Calculations

1 Debt to capital = Total debt ÷ Total capital
= hidden ÷ hidden = hidden

Ratio Description The company
Debt-to-capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. Apple Inc.'s debt-to-capital ratio deteriorated from 2015 to 2016 and from 2016 to 2017.

Interest Coverage

Apple Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 30, 2017 Sep 24, 2016 Sep 26, 2015 Sep 27, 2014 Sep 28, 2013 Sep 29, 2012
Selected Financial Data (USD $ in millions)
Net income hidden hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden hidden
Add: Interest expense hidden hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden hidden
Ratio
Interest coverage1 hidden hidden hidden hidden hidden hidden
Benchmarks
Interest Coverage, Competitors
Applied Materials Inc. hidden hidden hidden hidden hidden hidden
Broadcom Inc. hidden hidden hidden hidden hidden hidden
Cisco Systems Inc. hidden hidden hidden hidden hidden hidden
HP Inc. hidden hidden hidden hidden hidden hidden
Intel Corp. hidden hidden hidden hidden hidden hidden
NVIDIA Corp. hidden hidden hidden hidden hidden hidden
Qualcomm Inc. hidden hidden hidden hidden hidden hidden
Texas Instruments Inc. hidden hidden hidden hidden hidden hidden
Interest Coverage, Sector
Technology Hardware & Equipment hidden hidden hidden hidden hidden hidden
Interest Coverage, Industry
Technology hidden hidden hidden hidden hidden hidden

Source: Based on data from Apple Inc. Annual Reports

2017 Calculations

1 Interest coverage = EBIT ÷ Interest expense
= hidden ÷ hidden = hidden

Ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Apple Inc.'s interest coverage ratio deteriorated from 2015 to 2016 and from 2016 to 2017.