FAQs
2024 was 0.95. Apple has a current ratio of 0.95. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem.
What is a good current ratio for Apple? ›
The mean historical Current Ratio of Apple Inc. over the last ten years is 1.18. The current 0.95 Current Ratio has changed 7.98% with respect to the historical average. Over the past ten years (40 quarters), AAPL's Current Ratio was at its highest in in the December 2019 quarter at 1.60.
What is the ideal answer for the current ratio? ›
Current ratios over 1.00 indicate that a company's current assets are greater than its current liabilities, meaning it could more easily pay of short-term debts. A current ratio of 1.50 or greater would generally indicate ample liquidity.
What was Apple's quick ratio? ›
Apple has a quick ratio of 0.91. It indicates that the company cannot currently fully pay back its current liabilities. During the past 13 years, Apple's highest Quick Ratio was 1.56. The lowest was 0.82.
What is the Apple prediction for 2024? ›
The stock is up more than 20% in 2024. But given the $244.31 one-year price target, analysts don't expect eye-popping returns, at least not immediately. Making long-term predictions for an individual stock price is extremely difficult. Past performance doesn't guarantee future results.
What is Apple's debt in 2024? ›
Total debt on the balance sheet as of June 2024 : $101.30 B
According to Apple's latest financial reports the company's total debt is $101.30 B. A company's total debt is the sum of all current and non-current debts.
What is a very good current ratio? ›
Obviously, a higher current ratio is better for the business. A good current ratio is between 1.2 to 2, which means that the business has 2 times more current assets than liabilities to covers its debts.
How to interpret current ratio? ›
The current ratio describes the relationship between a company's assets and liabilities. So, a higher ratio means the company has more assets than liabilities. For example, a current ratio of 4 means the company could technically pay off its current liabilities four times over.
What current ratio is considered too high? ›
A high ratio (greater than 2.0) indicates excessive current assets in the form of inventory, and underemployed capital. A low ratio (less than 1.0) indicates difficulty to meet short-term financial obligations, and the inability to take advantage of opportunities requiring quick cash.
What is ideal level of current ratio? ›
A current ratio of 2:1 is considered ideal in many cases. This means that the current assets can cover the current liabilities two times over.
Improving Current Ratio
- Delaying any capital purchases that would require any cash payments.
- Looking to see if any term loans can be re-amortized.
- Reducing the personal draw on the business.
- Selling any capital assets that are not generating a return to the business (use cash to reduce current debt).
The formula for calculating current ratio is:
- Current assets / current liabilities = current ratio.
- Current assets:
- Current liabilities:
- $252,000 / $42,000 = 6.
- (Current assets – inventory) / current liabilities = quick ratio.
- (Current Assets – Prepaid Expenses – Inventory) / Current Liabilities = Acid Test Ratio.
On one hand, its current ratio has dropped to less than 1 since March 2022, underlying its current asset is not adequate to cover up its current debt. On the other hand, its high profitability ratio shows Apple appears to be a fairly prosper firm and is nearly impossible to fall in the foreseeable future.
What are Apple's efficiency ratios? ›
Apple's asset efficiency hit its 5-year low in September 2019 of 19.7%. Apple's asset efficiency decreased in 2019 (19.7%, -5.7%) and 2023 (31.3%, -9.7%) and increased in 2020 (24.4%, +23.6%), 2021 (30.8%, +26.6%), and 2022 (34.7%, +12.6%).
What is Apple's sharp ratio? ›
Metrics
| Metric | Apple Inc. |
|---|
| Risk [View more details] | |
| Annual Volatility | 29.06% |
| Max Drawdown | -37.19% |
| Sharpe Ratio | 1.01 |
12 more rowsMarket cap: $3.296 Trillion
As of September 2024 Apple has a market cap of $3.296 Trillion. This makes Apple the world's most valuable company by market cap according to our data.
What is Apple's next dividend date in 2024? ›
Dividend History
| Declared | Record | Type |
|---|
| February 1 ,2024 | February 12, 2024 | Regular Cash |
| November 2, 2023 | November 13, 2023 | Regular Cash |
| August 3, 2023 | August 14, 2023 | Regular Cash |
| May 4, 2023 | May 15, 2023 | Regular Cash |
81 more rowsWild Cards: Apple TV 4K, HomePod with display, and more
There have been rumors off and on about new home devices in the works at Apple, possibly with a 2024 release date. One is an updated Apple TV 4K with a better chip, another is a HomePod revision with an LCD display on top.
What is the Apple forecast for 2025? ›
According to analysts, AAPL price target is 247.22 USD with a max estimate of 300.00 USD and a min estimate of 180.00 USD. Check if this forecast comes true in a year, meanwhile watch Apple Inc stock price chart and keep track of the current situation with AAPL news and stock market news.
