Debt-to-Equity Ratio

Apple’s debt-to-equity ratio of 0.80x means that for every dollar of shareholders’ equity, the company has 80 cents of debt—a measure of how much borrowing Apple uses to fund its operations.

This is more than double the technology sector median of 0.35x, placing Apple in the 71st percentile among its peers, indicating higher leverage than most comparable firms. Over the past eight quarters the ratio has been increasing overall, but the year-over-year and quarter-over-quarter changes are both +0.0%, meaning it has held steady at 0.80x for the last seven quarters after jumping from 0.02x eight quarters ago. The combination of a debt level above the sector median and a flat recent trend suggests moderate financial risk from elevated borrowing, but the lack of further increases implies no recent acceleration in leverage. This metric partially contradicts the overall BULLISH verdict, because higher debt can amplify earnings volatility and interest costs, though a stable ratio reduces immediate concern.

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