Skip to content

Apple

NASDAQ: AAPL · USD

Apple debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$84,344M
Jun 27, 2009 through Jun 27, 2026

Cash & equivalents

USD millions

$39,544M

Net debt

USD millions

$44,800M

Debt / equity

×

0.78×

Debt / assets

%

22.01%

Net debt / EBITDA

× · TTM

0.27×

Debt / FCF

× · TTM

0.62×

Interest coverage

× · TTM

—

Unavailable for FY 2026 Q3.

Current ratio

×

1×

Diluted shares

Million shares

14,714.68M shares

Basic shares

Million shares

14,656.11M shares

Share count growth

%

-1.66%

Share repurchases

USD millions

$25,105M

Quarterly data

Apple capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2026 Q3Jun 27, 202684,34439,54444,8000.78×22.01%0.27×0.62×—1×14,714.6814,656.11-1.66%25,105
FY 2026 Q2Mar 28, 202684,71145,57239,1390.8×22.83%0.24×0.66×—1.07×14,725.8714,673.28-2.14%12,288
FY 2026 Q1Dec 27, 202590,50945,31745,1921.03×23.86%0.3×0.73×—0.97×14,810.3614,748.16-2.21%24,701
FY 2025 Q4Sep 27, 202598,65735,93462,7231.34×27.46%0.43×1×—0.89×14,863.6114,815.31-2.35%20,132
FY 2025 Q3Jun 28, 2025101,69836,26965,4291.54×30.68%0.46×1.06×—0.87×14,948.1814,902.89-2.52%21,075
FY 2025 Q2Mar 29, 202598,18628,16270,0241.47×29.64%0.5×1×—0.82×15,056.1314,994.08-2.67%25,898
FY 2025 Q1Dec 28, 202496,79930,29966,5001.45×28.13%0.48×0.98×—0.92×15,150.8715,081.72-2.76%23,606
FY 2024 Q4Sep 28, 2024106,62929,94376,6861.87×29.22%0.57×0.98×—0.87×15,242.8615,171.99-2.72%25,083
FY 2024 Q3Jun 29, 2024101,30425,56575,7391.52×30.55%0.57×0.97×—0.95×15,348.1815,287.52-2.61%26,522
FY 2024 Q2Mar 30, 2024104,59032,69571,8951.41×31%0.55×1.03×—1.04×15,464.7115,405.86-2.42%23,205
FY 2024 Q1Dec 30, 2023108,04040,76067,2801.46×30.56%0.52×1.01×—1.07×15,576.6415,509.76-2.41%20,139
FY 2023 Q4Sep 30, 2023111,08829,96581,1231.79×31.51%0.64×1.12×29.06×0.99×15,668.8115,595.72-2.71%21,003
FY 2023 Q3Jul 1, 2023109,28028,40880,8721.81×32.62%0.65×1.08×29.86×0.98×15,775.0215,697.61-2.88%17,478
FY 2023 Q2Apr 1, 2023109,61524,68784,9281.76×33%0.69×1.12×32.28×0.94×15,847.0515,787.15-3.02%19,594
FY 2023 Q1Dec 31, 2022111,11020,53590,5751.96×32.04%0.72×1.14×35.17×0.94×15,955.7215,892.72-3.04%19,475
FY 2022 Q4Sep 24, 2022120,06923,64696,4232.37×34.04%0.74×1.08×40.75×0.88×16,118.4716,030.38-2.77%24,428
FY 2022 Q3Jun 25, 2022119,69127,50292,1892.06×35.59%0.71×1.11×42.63×0.86×16,262.216,162.95-2.8%21,865
FY 2022 Q2Mar 26, 2022119,98128,09891,8831.78×34.22%0.7×1.13×43.86×0.93×16,403.3216,278.8-2.83%22,631
FY 2022 Q1Dec 25, 2021122,79837,11985,6791.71×32.21%0.67×1.21×43.28×1.04×16,519.2916,391.72-3.21%20,478
FY 2021 Q4Sep 25, 2021124,71934,94089,7791.98×35.53%0.75×1.34×41.19×1.07×16,635.116,487.12-3.34%19,748
FY 2021 Q3Jun 26, 2021121,79134,05087,7411.89×36.92%0.79×1.29×38.33×1.06×16,781.7416,629.37-3.6%22,900
FY 2021 Q2Mar 27, 2021121,64538,46683,1791.76×36.08%0.83×1.34×33.69×1.14×16,929.1616,753.48-3.94%18,548
FY 2021 Q1Dec 26, 2020112,04336,01076,0331.69×31.65%0.89×1.4×27.24×1.16×17,113.6916,935.12-4.11%24,775
FY 2020 Q4Sep 26, 2020112,43638,01674,4201.72×34.71%0.96×1.53×23.07×1.36×17,256.5217,057.62-5.04%17,187
FY 2020 Q3Jun 27, 2020101,55733,38368,1741.41×32%0.87×1.42×22.02×1.47×17,419.1517,250.29-5.65%15,891
FY 2020 Q2Mar 28, 202099,47840,17459,3041.27×31.05%0.77×1.49×20.38×1.5×17,618.7617,440.4-6.72%18,574
FY 2020 Q1Dec 28, 2019108,29239,77168,5211.21×31.79%0.88×1.69×19.06×1.6×17,818.4217,660.16-6.77%20,706
FY 2019 Q4Sep 28, 2019108,04748,84459,2031.19×31.92%0.77×1.83×17.88×1.54×18,081.517,963.24-6.47%17,444
FY 2019 Q3Jun 29, 2019108,41850,53057,8881.12×33.65%0.76×1.86×17.73×1.5×18,405.5218,282.53-6.38%16,955
FY 2019 Q2Mar 30, 2019112,63037,98874,6421.06×32.93%0.97×1.88×18.12×1.32×18,802.5818,696.28-6.98%23,702
FY 2019 Q1Dec 29, 2018114,73044,77169,9590.97×30.7%0.88×1.85×20.01×1.3×19,093.0118,943.28-7.37%8,796
FY 2018 Q4Sep 29, 2018114,48325,91388,5701.07×31.3%1.08×1.79×21.88×1.12×19,390.1919,206.35-6.72%19,104
FY 2018 Q3Jun 30, 2018114,60031,97182,6291×32.82%1.05×1.93×22.35×1.31×19,706.4419,528.67-6.02%20,783
FY 2018 Q2Mar 31, 2018121,84045,05976,7810.96×33.15%1.01×2.24×23.64×1.46×20,273.9720,099.51-3.84%22,756
FY 2018 Q1Dec 30, 2017122,40027,49194,9090.87×30.09%1.28×2.32×25.38×1.24×20,631.1520,451.51-3.51%10,095
FY 2017 Q4Sep 30, 2017115,68020,28995,3910.86×30.82%1.37×2.26×26.41×1.28×20,727.3620,590.75-4.08%7,795
FY 2017 Q3Jul 1, 2017108,33918,57189,7680.82×31.39%1.28×2.11×28.47×1.39×20,93420,780.35-4.56%7,093
FY 2017 Q2Apr 1, 201798,52215,15783,3650.73×29.45%1.2×1.86×30.99×1.39×21,046.7520,903.16-5.23%7,161
FY 2017 Q1Dec 31, 201687,54916,37171,1780.66×26.44%1.02×1.65×34.73×1.23×21,311.9821,194.64-4.68%10,851
FY 2016 Q4Sep 24, 201687,03220,48466,5480.68×27.05%0.94×1.64×41.23×1.35×21,573.3221,467.65-4.96%6,026
FY 2016 Q3Jun 25, 201684,93518,23766,6980.67×27.79%0.9×1.67×50.55×1.31×21,891.1221,772.23-5.01%10,166
FY 2016 Q2Mar 26, 201679,87221,51458,3580.61×26.16%0.74×1.43×64.54×1.28×22,163.5422,057.52-4.82%6,667
FY 2016 Q1Dec 26, 201562,96316,68946,2740.49×21.47%0.56×0.99×81.04×1×22,376.5122,235.72-4.86%6,863
FY 2015 Q4Sep 26, 201564,46221,12043,3420.54×22.19%0.54×0.92×97.18×1.11×22,730.0622,587.67-4.84%13,253
FY 2015 Q3Jun 27, 201554,41815,31939,0990.43×19.92%0.5×0.78×111.1×1.09×23,092.422,919.54-4.7%10,000
FY 2015 Q2Mar 28, 201543,87114,48929,3820.34×16.8%0.4×0.68×125.68×1.16×23,339.4323,175.2-5.38%6,970
FY 2015 Q1Dec 27, 201436,40319,47816,9250.3×13.9%0.25×0.61×137.55×1.13×23,527.2123,372.33-6.85%5,030
FY 2014 Q4Sep 27, 201435,29513,84421,4510.32×15.22%0.35×0.7×136.73×1.08×23,888.3223,735.39-6.25%17,000
FY 2014 Q3Jun 28, 201431,04012,97718,0630.26×13.95%0.31×0.64×145.93×1.47×24,206.8424,050.54-6.5%5,000
FY 2014 Q2Mar 29, 201416,96218,949-1,9870.14×8.23%-0.03×0.36×164.88×1.63×24,626.7824,493.2-6.9%17,971
FY 2014 Q1Dec 28, 201316,96114,0772,8840.13×7.53%0.05×0.38×223.87×1.49×25,240.6625,090.02-4.56%5,029
FY 2013 Q4Sep 28, 201316,96014,2592,7010.14×8.19%0.05×0.37×360.29×1.68×25,455.725,316.48-3.64%4,910
FY 2013 Q3Jun 29, 201316,95811,2485,7100.14×8.49%0.1×0.39×—1.88×25,879.4225,721.3-1.92%16,000
FY 2013 Q2Mar 30, 2013—12,053——————1.78×26,488.9826,309.610.65%0
FY 2013 Q1Dec 29, 2012—16,154——————1.54×26,522.0826,289.650.85%1,950
FY 2012 Q4Sep 29, 2012010,746-10,7460×0%-0.18×0×—1.5×26,548.7726,273.641.08%0
FY 2012 Q3Jun 30, 2012—7,945——————1.57×26,517.6526,224.691.13%0
FY 2012 Q2Mar 31, 2012—10,121——————1.58×26,45726,140.31.13%0
FY 2012 Q1Dec 31, 2011—10,310——————1.58×26,364.0226,069.151.28%0
FY 2011 Q4Sep 24, 2011—9,815——————1.61×26,306.4525,991.871.5%—
FY 2011 Q3Jun 25, 2011—12,091——————1.75×26,258.6825,931.021.52%—
FY 2011 Q2Mar 26, 2011—15,978——————1.93×26,206.4325,849.491.72%—
FY 2011 Q1Dec 25, 2010—10,734——————1.85×26,128.3125,740.231.74%—
FY 2010 Q4Sep 25, 2010—11,261——————2.01×26,007.125,607.621.84%—
FY 2010 Q3Jun 26, 2010—9,705——————2.31×25,966.1125,541.522.07%—
FY 2010 Q2Mar 27, 2010—10,018——————2.64×25,840.5825,411.34——
FY 2010 Q1Dec 26, 2009—7,609——————2.55×25,753.9225,299.18——
FY 2009 Q4Sep 26, 2009—5,263——————1.88×25,602.4425,144.81——
FY 2009 Q3Jun 27, 2009—5,605——————2.11×25,456.4825,023.94——
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · AAPL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.