Apple Current Ratio 2010-2023 | AAPL (2024)

FAQs

What is the current ratio for Apple last 5 years? ›

Looking back at the last 5 years, Apple's current ratio peaked in September 2019 at 1.5x. Apple's current ratio hit its 5-year low in September 2022 of 0.9x. Apple's current ratio decreased in 2020 (1.4x, -11.5%), 2021 (1.1x, -21.2%), and 2022 (0.9x, -18.2%) and increased in 2019 (1.5x, +35.9%) and 2023 (1.0x, +12.4%).

As of today (2024-06-17), Apple's share price is $218.095. Apple's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $6.43. Therefore, Apple's PE Ratio (TTM) for today is 33.92.

The Current Ratio as of June 2024 (TTM) for Apple Inc. (AAPL) is 1.04. According to Apple Inc.'s latest financial reports and current stock price. The company's current Current Ratio is 1.04.

The closing price for Apple (AAPL) between 2010 and 2021 was $175.10, on December 31, 2021. It was up 2,617% in that time. The latest price is $217.

Apple has a current ratio of 1.04. It generally indicates good short-term financial strength. During the past 13 years, Apple's highest Current Ratio was 1.60. The lowest was 0.86.

P/E ratio as of June 2024 (TTM): 32.1

According to Apple's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.0666. At the end of 2022 the company had a P/E ratio of 21.9.

This is driven by higher Revenue Growth and increasing valuations for technology stocks. The notable improvement in the P/E ratio for 2018 was due to strong Revenue Growth as well as an uptick in Net Income Margins for that year, as demonstrated in the charts to the right.

To give you some sense of what the average for the market is, though, many value investors would refer to 20 to 25 as the average P/E ratio range. And again, like golf, the lower the P/E ratio a company has, the better an investment the metric is saying it is.

According to analysts, it was projected that Apple's share price could reach $220 by the end of 2023, $250 in 2024. Apple long term stock forecast is anticipated to be $315 in 2025, $370 in 2026, $425 in 2027, $465 in 2028, and $480 in 2029.

What is a good current ratio? ›

The current ratio measures a company's capacity to pay its short-term liabilities due in one year. The current ratio weighs a company's current assets against its current liabilities. A good current ratio is typically considered to be anywhere between 1.5 and 3.

Total debt on the balance sheet as of March 2024 : $104.59 B

According to Apple's latest financial reports the company's total debt is $104.59 B. A company's total debt is the sum of all current and non-current debts.

The price-to-earnings (P/E) ratio is the proportion of a company's share price to its earnings per share. A high P/E ratio could mean that a company's stock is overvalued or that investors expect high growth rates.

By dividing the current assets balance of the company by the current liabilities balance in the coinciding period, we can determine the current ratio for each year.

What is Apple EPS Growth Rate (Future 3Y To 5Y Estimate)? EPS Growth Rate (Future 3Y To 5Y Estimate) is the average growth rate of earnings per share (EPS) estimates over a 3-year to 5-year period. As of today, Apple's EPS Growth Rate (Future 3Y To 5Y Estimate) is 10.50.

The debt ratio is calculated by dividing total liabilities by total assets. For Apple in the current year, the debt ratio would be $ 258,578 / $ 365,725 which is approximately 0.71 or 71%.