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Apple Inc. (AAPL) Debt / Equity

Apple Inc. Debt/Equity Ratio

The debt/equity ratio shows how much a company has borrowed for every dollar its shareholders have put in. It is long-term debt, both the part due within a year and the rest, divided by shareholder equity, shown as a multiple with both amounts in the table. A higher ratio means the company relies more on borrowed money than on shareholder capital. Because equity shrinks through buybacks or losses, the ratio can rise even when debt is unchanged, and it has no meaning when equity is negative. Quarterly points use quarter-end balances; annual points use fiscal-year-end balances.

  • Apple Inc. debt/equity ratio for the quarter ending 2026-06-27 was 0.77, a 45.06% decline year-over-year.
  • Apple Inc. debt/equity ratio for the quarter ending 2026-03-28 was 0.78, a 43.73% decline year-over-year.
  • Apple Inc. debt/equity ratio for the quarter ending 2025-12-27 was 1, a 29.33% decline year-over-year.
  • Apple Inc. debt/equity ratio for the quarter ending 2025-09-27 was 1.23, a 27.54% decline year-over-year.
  • Apple Inc. debt/equity ratio for fiscal 2025 was 1.23, a 27.54% decline from fiscal 2024.
  • Apple Inc. debt/equity ratio for fiscal 2024 was 1.7, a 0.36% increase from fiscal 2023.
  • Apple Inc. debt/equity ratio for fiscal 2023 was 1.69, a 22.15% decline from fiscal 2022.
  • Apple Inc. debt/equity ratio for fiscal 2022 was 2.17, a 15.45% increase from fiscal 2021.
Available history
2014-09-27 to 2026-06-27
Data captured

Historical Debt/Equity Ratio

DateDebt/Equity RatioLong-term debtShareholder equity
2026-06-270.77$82.35B$107.52B
2026-03-280.78$82.71B$106.49B
2025-12-271$88.51B$88.19B
2025-09-271.23$90.68B$73.73B
2025-06-281.39$91.78B$65.83B
2025-03-291.38$92.2B$66.8B
2024-12-281.42$94.8B$66.76B
2024-09-281.7$96.66B$56.95B
2024-06-291.47$98.31B$66.71B
2024-03-301.38$102.59B$74.19B
2023-12-301.43$106.04B$74.1B
2023-09-301.69$105.1B$62.15B
2023-07-011.75$105.29B$60.27B
2023-04-011.73$107.62B$62.16B
2022-12-311.93$109.37B$56.73B
2022-09-242.17$110.09B$50.67B
2022-06-251.87$108.71B$58.11B
2022-03-261.68$112.98B$67.4B
2021-12-251.64$117.8B$71.93B
2021-09-251.88$118.72B$63.09B
2021-06-261.77$113.79B$64.28B
2021-03-271.69$116.65B$69.18B
2020-12-261.62$107.04B$66.22B
2020-09-261.64$107.44B$65.34B
2020-06-271.41$101.56B$72.28B
2020-03-281.27$99.48B$78.43B
2019-12-281.15$103.3B$89.53B
2019-09-281.13$102.07B$90.49B
2019-06-291.02$98.47B$96.46B
2019-03-300.95$100.71B$105.86B
2018-12-290.87$102.76B$117.89B
2018-09-290.96$102.52B$107.15B
2018-06-300.89$102.63B$114.95B
2018-03-310.87$109.86B$126.88B
2017-12-300.79$110.42B$140.2B
2017-09-300.77$103.7B$134.05B
2017-07-010.73$96.36B$132.43B
2017-04-010.66$88.53B$134.08B
2016-12-310.58$77.06B$132.39B
2016-09-240.62$78.93B$128.25B
2016-06-250.57$72.44B$126.54B
2016-03-260.55$71.87B$130.46B
2015-12-260.43$55.7B$128.27B
2015-09-260.47$55.83B$119.36B
2015-06-270.4$49.92B$125.68B
2014-09-270.26$28.99B$111.55B

Annual Debt/Equity Ratio

DateDebt/Equity RatioLong-term debtShareholder equity
2025-09-271.23$90.68B$73.73B
2024-09-281.7$96.66B$56.95B
2023-09-301.69$105.1B$62.15B
2022-09-242.17$110.09B$50.67B
2021-09-251.88$118.72B$63.09B
2020-09-261.64$107.44B$65.34B
2019-09-281.13$102.07B$90.49B
2018-09-290.96$102.52B$107.15B
2017-09-300.77$103.7B$134.05B
2016-09-240.62$78.93B$128.25B
2015-09-260.47$55.83B$119.36B
2014-09-270.26$28.99B$111.55B

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