How much does Apple have in the bank? (2024)

How much does Apple have in the bank?

Answer (from WSJ; subscription): About $250 billion! A truly amazing stat that had to be shared.

How much does Apple have in loans?

Total debt on the balance sheet as of December 2023 : $108.04 B. According to Apple's latest financial reports the company's total debt is $108.04 B. A company's total debt is the sum of all current and non-current debts.

Does Apple have more money than USA?

According to 2022 GDP data from the World Bank, the economies that are bigger than the iPhone maker's market cap include the US at the top ($25.5 trillion), followed by China ($18 trillion), Japan ($4.2 trillion), Germany ($4.07 trillion), India ($3.4 trillion), and the United Kingdom ($3.07 trillion).

Why Apple has a lot of debt?

Apple isn't just borrowing to benefit from inflation. They're strategically deploying this capital in areas that yield higher returns. One such area is stock buybacks. Over the past decade, Apple has reduced its outstanding shares from 26 billion to 16 billion, effectively boosting its stock price.

How much money does Apple have in cash?

Cash on Hand as of December 2023 : $73.10 B

According to Apple's latest financial reports the company has $73.10 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

How much money does Apple have in assets?

Apple has grown to be one of the largest companies in the world. In the company's 2023 financial year (October 2022 to September 2023), Apple's total assets amounted to around 352.5 billion U.S. dollars.

Why Apple is borrowing $7 billion?

The borrowing is profitable for the company's shareholders by at least one measure: the company's earnings yield, a measure of how much the company earns relative to its share price, is around 5.6%, while it can borrow for 30 years for less than 3%. Apple's not the only one seizing this golden opportunity.

How big is Apple financially?

It has been consistently ranked as one of the world's most valuable brands. Apple became the first publicly traded U.S. company to be valued at over $1 trillion in August 2018, then at $2 trillion in August 2020, and at $3 trillion in January 2022.

How risky is Apple's debt?

Apple has a low net debt to EBITDA ratio of only 0.27. And its EBIT covers its interest expense a whopping 648 times over. So we're pretty relaxed about its super-conservative use of debt. The good news is that Apple has increased its EBIT by 4.1% over twelve months, which should ease any concerns about debt repayment.

Is Apple $3 trillion dollars?

July 3 (Reuters) - Apple Inc (AAPL. O) , opens new tab became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve.

Is Apple a trillion dollar?

Now valued at $3.02 trillion, Apple remains the only $3 trillion company in history, having briefly crossed the threshold in January 2022.

Why is Apple worth $3 trillion?

“The balance sheet is phenomenal, it pays a dividend it can continue to grow, it has an active repurchasing program, and a consumer staples-esque platform business, all powered by a device people look at four hours a day,” Curtis said.

Who owns Apple?

Apple (AAPL) Ownership Overview

The ownership structure of Apple (AAPL) stock is a mix of institutional, retail and individual investors. Approximately 33.65% of the company's stock is owned by Institutional Investors, 0.11% is owned by Insiders and 66.24% is owned by Public Companies and Individual Investors.

Is Apple debt free?

You can click the graphic below for the historical numbers, but it shows that Apple had US$109.3b of debt in July 2023, down from US$119.7b, one year before. However, it does have US$62.5b in cash offsetting this, leading to net debt of about US$46.8b.

Is Tesla in debt?

Total debt on the balance sheet as of December 2023 : $9.57 B. According to Tesla's latest financial reports the company's total debt is $9.57 B. A company's total debt is the sum of all current and non-current debts.

How rich is Apple?

Apple's value officially crossed the $3 trillion mark for the first time in June, and briefly touched $3 trillion in December 2022 during intraday trading. Apple stock hit its all-time high July 31 and it remains the most valuable publicly traded U.S. company.

What company has the most cash in the world?

Apple is the most extreme example of a cash surplus, but it's far from alone in the S&P 500. Alphabet, which doesn't pay a dividend at all is sitting on cash and investments of $149 billion.

How much cash Tesla has?

Tesla cash on hand for the quarter ending December 31, 2023 was $29.094B, a 31.14% increase year-over-year. Tesla cash on hand for 2023 was $29.094B, a 31.14% increase from 2022.

How big is Apple Bank assets?

Apple Bank is the largest state-chartered savings bank in New York State, with $17 billion in assets, $15 billion in deposits, and over 80 branches in the greater New York area, including Manhattan, Brooklyn, the Bronx, Queens, Staten Island, Long Island, Westchester, Rockland, and New Jersey.

Who is the CEO of Apple?

Timothy Donald Cook (born November 1, 1960) is an American business executive who is the current chief executive officer of Apple Inc. Cook had previously been the company's chief operating officer under its co-founder Steve Jobs.

Is Apple financially healthy?

CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2024 first quarter ended December 30, 2023. The Company posted quarterly revenue of $119.6 billion, up 2 percent year over year, and quarterly earnings per diluted share of $2.18, up 16 percent year over year.

Has Apple ever been in debt?

Apple long term debt for the quarter ending December 31, 2023 was $95.088B, a 4.56% decline year-over-year. Apple long term debt for 2023 was $95.281B, a 3.72% decline from 2022. Apple long term debt for 2022 was $98.959B, a 9.3% decline from 2021.

What did Apple invest $400 million in?

Cupertino, California Apple today announced a new $410 million award from its Advanced Manufacturing Fund for II-VI, a leading manufacturer of optical technology.

Has Apple ever borrowed money?

Apple Inc. makes borrowing during a pandemic look as easy as pie. The iPhone maker on Monday borrowed $8.5 billion with a four-part bond deal, adding its name to the roster of U.S. investment-grade companies borrowing a record amount of debt in the corporate bond market during the pandemic.

Is the CEO of Apple a billionaire?

Apple CEO Tim Cook Joins The Rare Ranks Of Non-Founder CEO Billionaires.