How Is Apple Doing Financially?

CUPERTINO, California April 28, 2022 apple today announced financial results for its fiscal 2022 second quarter ended March 26, 2022. The Company posted a March quarter revenue record of $97.3 billion, up 9 percent year over year, and quarterly earnings per diluted share of $1.52.

Is Apple financially strong?

As of Sept. 25, 2021 (company year-end), Apple has total assets of $351 billion, total liabilities of $287.91 billion, and total shareholders’ equity of $63.09 billion. Apple has a strong current ratio , which evaluates its current assets in relation to its current liabilities, of 1.07.

What is Apple’s profitability?

Apple announced its first-quarter earnings on Thursday, and the results were, well, very good. So good, in fact, that it was the most profitable quarter, ever. And, not just for Apple. The iPhone-maker just had the best quarter of any company, reporting $123.9 billion in revenue, and $34.6 billion in profit.

Why did Apple do so well in 2021?

Fueled by the launch of new products , Apple’s revenue surged an impressive 33% in 2021 from a base of $275 billion in 2020. That 33% revenue growth represented $91 billion more in sales year over year.

Why is Apple revenue so high?

Apple sells smartphones, personal computers, tablets, wearables and accessories, and services. iPhones are Apple’s biggest source of revenue by product, and the Americas is its largest revenue generator among its geographic regions.

Does Apple have a lot of debt?

According to the Apple’s most recent balance sheet as reported on October 29, 2021, total debt is at $124.72 billion, with $109.11 billion in long-term debt and $15.61 billion in current debt Adjusting for $34.94 billion in cash-equivalents, the company has a net debt of $89.78 billion.

What is Apple’s total debt?

Apple Total Long Term Debt (Quarterly): 119.98B for March 31, 2022.

Is Apple a good dividend?

Apple has delivered robust dividend growth From 2012 to 2021, the company has increased its dividend per share from $0.10 to $0.85. That means shareholders saw their dividends grow more than eightfold in that time. In that same period, earnings per share rose from $1.58 to $5.61.

What accounting method does Apple use?

Apple undertook a non-GAAP accounting principle in the first quarter of 2010 (Adhikari, 2010). Non-GAP financial measures that Apple included in its reports were “adjusted sales,” “adjusted cost of sales,” “adjusted gross margin,” etc.

How is Apple’s liquidity?

Apple (AAPL) also has a strong cash position on its balance sheet, with $173 billion in unrestricted cash that gives the tech giant an ” unmatched liquidity profile with substantial financial flexibility”.

Why is Apple’s current ratio low?

You’ll notice that Apple’s quick ratio is only slightly lower than its current ratio. The reason is that Apple has relatively little inventory While that may be surprising for a company that sells consumer products, it’s a testament to Apple’s incredible supply chain efficiency.

Who is Apple’s biggest competitor?

About Dell Dell Technologies (DVMT) is a manufacturer of desktop and mobile computing devices and one of Apple’s primary competitors.

Why is Apple growing so fast?

The services business is growing faster than hardware and is a primary reason Apple reached multiple trillion-dollar valuations during the pandemic and profits from services combined with buybacks can get the stock to 10% earnings growth, according to Wall Street analysis.

Is Apple the most profitable company?

Ranking of the 50 most profitable companies worldwide 2020 In fiscal year 2020, Apple posted the highest net revenue of any company in the world , with profits of 57.4 billion U.S. dollars.

Is Apple still growing?

Apple stock will continue to grow faster than the economy , investor says. The IMF expects the U.S. economy to grow by 5.2% in 2022, while the global economy is seen expanding by 4.9%. In Aug.

What is Apple’s debt 2022?

Apple net long-term debt for the quarter ending March 31, 2022 was $-3.750B , a 139.8% decline year-over-year. Apple net long-term debt for the twelve months ending March 31, 2022 was $14.316B, a 4.91% decline year-over-year.

Where does Apple get most of its revenue?

iPhone is Apple’s most valuable product and has, since 2008, been its main source of revenue. Even though Apple has diversified its product line with Watch, AirPods and services, iPhone is still responsible for 50 percent of Apple’s revenue. In the past two years, Apple has launched four models of iPhone.

What is Apple’s quick ratio?

Apple has a quick ratio of 0.88.

Does Apple have a good cash flow?

Apple’s traditional free cash flow generation is simply incredible (one of the key themes of this article)! The company ended the quarter with $202.6 billion in total cash and marketable securities versus $122.8 billion in term debt and commercial paper, good for a solid net cash position.

Does Apple use IFRS?

Apple already uses a FIFO system as IFRS would require , so there would be no effect on cost of goods sold. Given their rapid pace of product development, a LIFO system would not be entirely beneficial to them as a means of reporting less taxable income.

Who is the most profitable company in the world 2020?

1. Apple After a two-year absence, Apple regained the title of Fortune’s Global 500’s “most profitable” company. The iPhone maker earned more than $57 billion in profits in 2020, a 3.9% gain from 2019.

What’s the most profitable business in the world?

  • Net Income (TTM): $58.4 billion.
  • Revenue (TTM): $273.9 billion.
  • Market Cap: $2.1 trillion.
  • 1-Year Trailing Total Return: 133.6%
  • Exchange: NASDAQ.

What US company is the most profitable?

1. Berkshire Hathaway Methodology: In order to find the most profitable companies in the U.S., GOBankingRates looked at Fortune.com’s 2020 Fortune 500 data to source the 25 U.S.-based companies with the largest (1) profits in 2020.

What will Apple be worth in 10 years?

The Bottom Line Assuming 18% compound annual growth over the next decade, your $10,298 investment in Apple would be worth $53,898.

Is Apple a Buy Sell or Hold?

Apple has received a consensus rating of Moderate Buy The company’s average rating score is 2.78, and is based on 23 buy ratings, 8 hold ratings, and no sell ratings.

Is Apple still a good investment?

The most recent earnings report proved that Apple can still deliver solid growth on top of outstanding results in 2021.

What is apples main business?

The company’s main business segments are the iPhone, Services, Mac, iPad, as well as its Wearables, Home, and Accessories unit Apple continues to make aggressive efforts to transform itself into one of the world’s leading providers of digital services.

Does Apple have high profit margins?

While Apple’s services carry better margins than hardware , the former went from representing 11.2% of sales in fiscal 2020 to only 10.5% in fiscal 2021.

Which company has the most debt?

Companies with largest long-term-debt globally 2020 AT&T , a telecommunications company based in the United States, recorded the largest long-term debt in 2020, amounting to over 147 billion U.S. dollars. Ford Motor Company was the second most indebted company in that year, with debt exceeding 114 billion U.S. dollars.

Is Apple’s debt a concern?

As of FY21 the company’s total debt sits at $287.91 billion. However, Apple’s total current liabilities for FY21 came in at $125.48 billion, meaning 43.58% of Apple’s total debt is maturing in FY22.

How much is Tesla’s debt?

As of Dec. 31, 2021, Tesla reported total liabilities of $30.5 billion Between 2020 and 2021, the company incurred 7% more debt. A majority of this debt is due in the short-term, as Tesla had over $10 billion of accounts payable at the end of 2020—almost a 40% increase from the year prior.

Is Apple highly leveraged?

Apple reported in its 2021 10-K statement that it possessed $172.6 billion spread between cash, cash equivalents, and unrestricted marketable securities. 3 Apple’s highly leveraged capital structure should still not pose a threat to the company’s solvency for the foreseeable future.

What is apples debt to equity ratio?

Apple Debt to Equity Ratio: 1.780 for March 31, 2022.

Do Tesla pay dividends?

Tesla was among the handful of companies that announced a dividend move this past week. The difference is that the other companies actually pay cash dividends, while Tesla ‘s is a stock split In a March 28 filing, the electric vehicle maker said it is making plans for a stock split “in the form of a stock dividend.”.

Does Apple stock pay dividends 2021?

Dividend Yield Apple’s annual dividend in 2021 was $0.88 ($0.22 paid quarterly) Based on Apple’s stock price as of March 1, 2022 of around $163 per share, the dividend yield is approximately 0.50%.

Does Apple use non GAAP?

The Company uses these non-GAAP measures when evaluating its financial results as well as for internal planning and forecasting purposes These non-GAAP measures should not be viewed as a substitute for the Company’s GAAP results. The Company adopted the fair-value recognition provisions of SFAS No.

Citations

https://www.macrotrends.net/stocks/charts/AAPL/apple/financial-ratios
https://www.apple.com/newsroom/2022/04/apple-reports-second-quarter-results/
https://www.stock-analysis-on.net/NASDAQ/Company/Apple-Inc

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