Analysis of Debt
Total Debt (Carrying Amount)
Apple Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28).
| Debt item | Description | The company |
|---|---|---|
| Total commercial paper, term debt, and finance leases (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Apple Inc. total debt decreased from 2022 to 2023 and from 2023 to 2024. |
Total Debt (Fair Value)
| Sep 28, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Commercial paper | 9,967) |
| Notes | 88,400) |
| Finance lease liabilities | 896) |
| Total commercial paper, term debt, and finance leases (fair value) | 99,263) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.92 |
Based on: 10-K (reporting date: 2024-09-28).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 6.47%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 5.00% | 9,967) | 498) | |
| 6.65% | 97,341) | 6,473) | |
| 3.10% | 896) | 28) | |
| Total | 108,204) | 6,999) | |
| 6.47% | |||
Based on: 10-K (reporting date: 2024-09-28).
1 US$ in millions
2 Weighted-average interest rate = 100 × 6,999 ÷ 108,204 = 6.47%