Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Apple Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-Q (reporting date: 2021-12-25), 10-K (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-K (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Apple Inc. debt to equity ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Apple Inc. debt to capital ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Apple Inc. debt to assets ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Apple Inc. financial leverage ratio increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024. |
Debt to Equity
Apple Inc., debt to equity calculation (quarterly data)
| Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Sep 24, 2022 | Jun 25, 2022 | Mar 26, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Commercial paper | 1,998) | 5,985) | 3,993) | 1,996) | 1,743) | 9,982) | 10,982) | 6,999) | 5,000) | 6,000) | 8,000) | 5,000) | 5,000) | 4,996) | 11,166) | 10,029) | 4,990) | 5,980) | 9,953) | 11,924) | 11,969) | 11,964) | 11,974) | 11,980) | 11,980) | ||||||||
| Current portion of term debt | 10,954) | 9,822) | 7,216) | 10,578) | 9,740) | 11,128) | 14,009) | 9,659) | 11,169) | 9,613) | 8,039) | 8,003) | 7,762) | 8,773) | 7,509) | 10,392) | 10,224) | 10,260) | 13,529) | 10,505) | 9,772) | 8,784) | 5,498) | 8,498) | 6,498) | ||||||||
| Non-current portion of term debt | 95,088) | 95,281) | 98,071) | 97,041) | 99,627) | 98,959) | 94,700) | 103,323) | 106,629) | 109,106) | 105,752) | 108,642) | 99,281) | 98,667) | 94,048) | 89,086) | 93,078) | 91,807) | 84,936) | 90,201) | 92,989) | 93,735) | 97,128) | 101,362) | 103,922) | ||||||||
| Total debt | 108,040) | 111,088) | 109,280) | 109,615) | 111,110) | 120,069) | 119,691) | 119,981) | 122,798) | 124,719) | 121,791) | 121,645) | 112,043) | 112,436) | 112,723) | 109,507) | 108,292) | 108,047) | 108,418) | 112,630) | 114,730) | 114,483) | 114,600) | 121,840) | 122,400) | ||||||||
| Shareholders’ equity | 74,100) | 62,146) | 60,274) | 62,158) | 56,727) | 50,672) | 58,107) | 67,399) | 71,932) | 63,090) | 64,280) | 69,178) | 66,224) | 65,339) | 72,282) | 78,425) | 89,531) | 90,488) | 96,456) | 105,860) | 117,892) | 107,147) | 114,949) | 126,878) | 140,199) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to equity1 | 1.46 | 1.79 | 1.81 | 1.76 | 1.96 | 2.37 | 2.06 | 1.78 | 1.71 | 1.98 | 1.89 | 1.76 | 1.69 | 1.72 | 1.56 | 1.40 | 1.21 | 1.19 | 1.12 | 1.06 | 0.97 | 1.07 | 1.00 | 0.96 | 0.87 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||
| Arista Networks Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | ||||||||
| Cisco Systems Inc. | 0.17 | 0.19 | 0.20 | 0.21 | 0.22 | 0.24 | 0.23 | 0.29 | 0.22 | 0.28 | 0.29 | 0.37 | 0.38 | 0.38 | 0.45 | 0.45 | 0.54 | 0.73 | 0.64 | 0.63 | 0.58 | 0.59 | 0.60 | 0.76 | 0.55 | ||||||||
| Super Micro Computer Inc. | 0.07 | 0.15 | 0.11 | 0.09 | 0.15 | 0.42 | 0.43 | 0.27 | 0.25 | 0.09 | 0.08 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 | 0.05 | 0.09 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-Q (reporting date: 2021-12-25), 10-K (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-K (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30).
1 Q1 2024 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 108,040 ÷ 74,100 = 1.46
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Apple Inc. debt to equity ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Debt to Capital
Apple Inc., debt to capital calculation (quarterly data)
| Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Sep 24, 2022 | Jun 25, 2022 | Mar 26, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Commercial paper | 1,998) | 5,985) | 3,993) | 1,996) | 1,743) | 9,982) | 10,982) | 6,999) | 5,000) | 6,000) | 8,000) | 5,000) | 5,000) | 4,996) | 11,166) | 10,029) | 4,990) | 5,980) | 9,953) | 11,924) | 11,969) | 11,964) | 11,974) | 11,980) | 11,980) | ||||||||
| Current portion of term debt | 10,954) | 9,822) | 7,216) | 10,578) | 9,740) | 11,128) | 14,009) | 9,659) | 11,169) | 9,613) | 8,039) | 8,003) | 7,762) | 8,773) | 7,509) | 10,392) | 10,224) | 10,260) | 13,529) | 10,505) | 9,772) | 8,784) | 5,498) | 8,498) | 6,498) | ||||||||
| Non-current portion of term debt | 95,088) | 95,281) | 98,071) | 97,041) | 99,627) | 98,959) | 94,700) | 103,323) | 106,629) | 109,106) | 105,752) | 108,642) | 99,281) | 98,667) | 94,048) | 89,086) | 93,078) | 91,807) | 84,936) | 90,201) | 92,989) | 93,735) | 97,128) | 101,362) | 103,922) | ||||||||
| Total debt | 108,040) | 111,088) | 109,280) | 109,615) | 111,110) | 120,069) | 119,691) | 119,981) | 122,798) | 124,719) | 121,791) | 121,645) | 112,043) | 112,436) | 112,723) | 109,507) | 108,292) | 108,047) | 108,418) | 112,630) | 114,730) | 114,483) | 114,600) | 121,840) | 122,400) | ||||||||
| Shareholders’ equity | 74,100) | 62,146) | 60,274) | 62,158) | 56,727) | 50,672) | 58,107) | 67,399) | 71,932) | 63,090) | 64,280) | 69,178) | 66,224) | 65,339) | 72,282) | 78,425) | 89,531) | 90,488) | 96,456) | 105,860) | 117,892) | 107,147) | 114,949) | 126,878) | 140,199) | ||||||||
| Total capital | 182,140) | 173,234) | 169,554) | 171,773) | 167,837) | 170,741) | 177,798) | 187,380) | 194,730) | 187,809) | 186,071) | 190,823) | 178,267) | 177,775) | 185,005) | 187,932) | 197,823) | 198,535) | 204,874) | 218,490) | 232,622) | 221,630) | 229,549) | 248,718) | 262,599) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to capital1 | 0.59 | 0.64 | 0.64 | 0.64 | 0.66 | 0.70 | 0.67 | 0.64 | 0.63 | 0.66 | 0.65 | 0.64 | 0.63 | 0.63 | 0.61 | 0.58 | 0.55 | 0.54 | 0.53 | 0.52 | 0.49 | 0.52 | 0.50 | 0.49 | 0.47 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||
| Arista Networks Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | ||||||||
| Cisco Systems Inc. | 0.14 | 0.16 | 0.17 | 0.18 | 0.18 | 0.19 | 0.19 | 0.23 | 0.18 | 0.22 | 0.22 | 0.27 | 0.28 | 0.28 | 0.31 | 0.31 | 0.35 | 0.42 | 0.39 | 0.39 | 0.37 | 0.37 | 0.38 | 0.43 | 0.35 | ||||||||
| Super Micro Computer Inc. | 0.06 | 0.13 | 0.10 | 0.09 | 0.13 | 0.30 | 0.30 | 0.21 | 0.20 | 0.08 | 0.07 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.05 | 0.08 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-Q (reporting date: 2021-12-25), 10-K (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-K (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30).
1 Q1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 108,040 ÷ 182,140 = 0.59
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Apple Inc. debt to capital ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Debt to Assets
Apple Inc., debt to assets calculation (quarterly data)
| Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Sep 24, 2022 | Jun 25, 2022 | Mar 26, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Commercial paper | 1,998) | 5,985) | 3,993) | 1,996) | 1,743) | 9,982) | 10,982) | 6,999) | 5,000) | 6,000) | 8,000) | 5,000) | 5,000) | 4,996) | 11,166) | 10,029) | 4,990) | 5,980) | 9,953) | 11,924) | 11,969) | 11,964) | 11,974) | 11,980) | 11,980) | ||||||||
| Current portion of term debt | 10,954) | 9,822) | 7,216) | 10,578) | 9,740) | 11,128) | 14,009) | 9,659) | 11,169) | 9,613) | 8,039) | 8,003) | 7,762) | 8,773) | 7,509) | 10,392) | 10,224) | 10,260) | 13,529) | 10,505) | 9,772) | 8,784) | 5,498) | 8,498) | 6,498) | ||||||||
| Non-current portion of term debt | 95,088) | 95,281) | 98,071) | 97,041) | 99,627) | 98,959) | 94,700) | 103,323) | 106,629) | 109,106) | 105,752) | 108,642) | 99,281) | 98,667) | 94,048) | 89,086) | 93,078) | 91,807) | 84,936) | 90,201) | 92,989) | 93,735) | 97,128) | 101,362) | 103,922) | ||||||||
| Total debt | 108,040) | 111,088) | 109,280) | 109,615) | 111,110) | 120,069) | 119,691) | 119,981) | 122,798) | 124,719) | 121,791) | 121,645) | 112,043) | 112,436) | 112,723) | 109,507) | 108,292) | 108,047) | 108,418) | 112,630) | 114,730) | 114,483) | 114,600) | 121,840) | 122,400) | ||||||||
| Total assets | 353,514) | 352,583) | 335,038) | 332,160) | 346,747) | 352,755) | 336,309) | 350,662) | 381,191) | 351,002) | 329,840) | 337,158) | 354,054) | 323,888) | 317,344) | 320,400) | 340,618) | 338,516) | 322,239) | 341,998) | 373,719) | 365,725) | 349,197) | 367,502) | 406,794) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to assets1 | 0.31 | 0.32 | 0.33 | 0.33 | 0.32 | 0.34 | 0.36 | 0.34 | 0.32 | 0.36 | 0.37 | 0.36 | 0.32 | 0.35 | 0.36 | 0.34 | 0.32 | 0.32 | 0.34 | 0.33 | 0.31 | 0.31 | 0.33 | 0.33 | 0.30 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||
| Arista Networks Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | ||||||||
| Cisco Systems Inc. | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 | 0.12 | 0.10 | 0.12 | 0.12 | 0.15 | 0.15 | 0.15 | 0.18 | 0.18 | 0.20 | 0.25 | 0.24 | 0.25 | 0.24 | 0.24 | 0.25 | 0.30 | 0.28 | ||||||||
| Super Micro Computer Inc. | 0.04 | 0.08 | 0.06 | 0.06 | 0.08 | 0.19 | 0.18 | 0.12 | 0.11 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.05 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-Q (reporting date: 2021-12-25), 10-K (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-K (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30).
1 Q1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 108,040 ÷ 353,514 = 0.31
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Apple Inc. debt to assets ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Financial Leverage
Apple Inc., financial leverage calculation (quarterly data)
| Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Sep 24, 2022 | Jun 25, 2022 | Mar 26, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Total assets | 353,514) | 352,583) | 335,038) | 332,160) | 346,747) | 352,755) | 336,309) | 350,662) | 381,191) | 351,002) | 329,840) | 337,158) | 354,054) | 323,888) | 317,344) | 320,400) | 340,618) | 338,516) | 322,239) | 341,998) | 373,719) | 365,725) | 349,197) | 367,502) | 406,794) | ||||||||
| Shareholders’ equity | 74,100) | 62,146) | 60,274) | 62,158) | 56,727) | 50,672) | 58,107) | 67,399) | 71,932) | 63,090) | 64,280) | 69,178) | 66,224) | 65,339) | 72,282) | 78,425) | 89,531) | 90,488) | 96,456) | 105,860) | 117,892) | 107,147) | 114,949) | 126,878) | 140,199) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Financial leverage1 | 4.77 | 5.67 | 5.56 | 5.34 | 6.11 | 6.96 | 5.79 | 5.20 | 5.30 | 5.56 | 5.13 | 4.87 | 5.35 | 4.96 | 4.39 | 4.09 | 3.80 | 3.74 | 3.34 | 3.23 | 3.17 | 3.41 | 3.04 | 2.90 | 2.90 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||
| Arista Networks Inc. | — | 1.38 | 1.39 | 1.40 | 1.42 | 1.39 | 1.41 | 1.45 | 1.47 | 1.44 | 1.41 | 1.41 | 1.42 | 1.43 | 1.43 | 1.43 | 1.44 | 1.45 | 1.36 | 1.36 | 1.39 | — | — | — | — | ||||||||
| Cisco Systems Inc. | 2.18 | 2.30 | 2.31 | 2.31 | 2.31 | 2.36 | 2.30 | 2.39 | 2.25 | 2.36 | 2.34 | 2.44 | 2.49 | 2.50 | 2.56 | 2.54 | 2.69 | 2.91 | 2.64 | 2.51 | 2.40 | 2.52 | 2.44 | 2.53 | 1.99 | ||||||||
| Super Micro Computer Inc. | 1.89 | 1.86 | 1.81 | 1.69 | 2.03 | 2.25 | 2.41 | 2.26 | 2.14 | 2.05 | 1.90 | 1.78 | 1.69 | 1.80 | 1.89 | 1.80 | 1.75 | 1.79 | 1.76 | 1.93 | 1.99 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-Q (reporting date: 2021-12-25), 10-K (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-K (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30).
1 Q1 2024 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 353,514 ÷ 74,100 = 4.77
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Apple Inc. financial leverage ratio increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024. |