Apple (AAPL) Interest Expense : $-1,002 Mil (TTM As of Jun. 2024)

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What is Apple Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apple's interest expense for the three months ended in Jun. 2024 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-1,002 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Apple's Operating Income for the three months ended in Jun. 2024 was $ 25,352 Mil. Apple's Interest Expense for the three months ended in Jun. 2024 was $ 0 Mil. GuruFocus does not calculate Apple's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Apple Interest Expense Historical Data

The historical data trend for Apple's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Apple Interest Expense Chart

Apple Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-3,576.00

-2,873.00

-2,645.00

-2,931.00

-3,933.00

Apple Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-998.00	-1,002.00	-	-	-

Apple Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,002 Mil.

Apple (NAS:AAPL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Apple's Interest Expense for the three months ended in Jun. 2024 was $0 Mil. Its Operating Income for the three months ended in Jun. 2024 was $25,352 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $86,196 Mil.

Apple's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

GuruFocus does not calculate Apple's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Apple Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apple Inc (NAS:AAPL) » Definitions » Interest Expense

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Address

One Apple Park Way, Cupertino, CA, USA, 95014

Website

https://www.apple.com

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

Executives

Chris Kondo	officer: Principal Accounting Officer	1 INFINITE LOOP, CUPERTINO CA 95014
Katherine L. Adams	officer: SVP, General Counsel	APPLE INC., 1 INFINITE LOOP, CUPERTINO CA 95014
Arthur D Levinson	director	C/O GENENTECH INC, 1 DNA WAY MS 49, SOUTH SAN FRANCISCO CA 94080-4990
Jeffrey E Williams	officer: COO	ONE INFINITE LOOP, CUPERTINO CA 95014
Luca Maestri	officer: Senior Vice President, CFO	1 INFINITE LOOP, CUPERTINO CA 95014
Deirdre O'brien	officer: Senior Vice President	ONE APPLE PARK WAY, CUPERTINO CA 95014
Timothy D Cook	director, officer: Chief Executive Officer	C/O APPLE INC, ONE INFINITE LOOP, CUPERTINO CA 95014
Alex Gorsky	director	JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933
Monica C Lozano	director
Angela J Ahrendts	officer: Senior Vice President	1 INFINITE LOOP, CUPERTINO CA 95014
Johny Srouji	officer: Senior Vice President	1 INFINITE LOOP, CUPERTINO CA 95014
Craig Federighi	officer: Senior Vice President	807 11TH AVENUE, SUNNYVALE CA 94089
Daniel J. Riccio	officer: Senior Vice President	1 INFINITE LOOP, CUPERTINO CA 95014
Philip W Schiller	officer: Senior Vice President	C/O APPLE INC, ONE INFINITE LOOP, CUPERTINO CA 95014
James A Bell	director	C/O THE DOW CHEMICAL COMPANY, 2211 H.H. DOW WAY, MIDLAND MI 48674