How much cash on hand does Apple have?
Apple now has $162.1 billion in cash on hand, according to the company's fiscal fourth-quarter earnings report released Thursday. The figure is below the company's cash pile from its fiscal third quarter of 2023, when it reported $166.5 billion.
Cash on Hand as of December 2023 : $73.10 B
According to Apple's latest financial reports the company has $73.10 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.
Apple cash on hand for the quarter ending December 31, 2023 was $73.100B, a 42.34% increase year-over-year. Apple cash on hand for 2023 was $61.555B, a 27.43% increase from 2022. Apple cash on hand for 2022 was $48.304B, a 22.89% decline from 2021. Apple cash on hand for 2021 was $62.639B, a 31.12% decline from 2020.
106.9B USD. Based on the financial report for Dec 30, 2023, Apple Inc's Free Cash Flow amounts to 106.9B USD.
Research by the professors at Kellogg School of Management found that reserves of Apple, Inc. (NASDAQ:AAPL), Alphabet, Inc. (NASDAQ:GOOG), and Microsoft Corporation (NASDAQ:MSFT) accounted for 92% of cash reserves that they could document.
What Is Apple's Debt? You can click the graphic below for the historical numbers, but it shows that Apple had US$109.3b of debt in July 2023, down from US$119.7b, one year before. However, because it has a cash reserve of US$62.5b, its net debt is less, at about US$46.8b.
Any excess cash is better used in different ways. In the case of Apple, it's investment in securities. These investments allow Apple to hedge against currency-related risks, and receive some revenue to keep up with inflation.
Total debt on the balance sheet as of December 2023 : $108.04 B. According to Apple's latest financial reports the company's total debt is $108.04 B. A company's total debt is the sum of all current and non-current debts.
| Symbol | Cash on hand FQ | P/E |
|---|---|---|
| AAPL D | 73.1 B USD | 26.30 |
| IBKR D | 69.678 B USD | 19.76 |
| META D | 65.502 B USD | 33.13 |
| SCHW D | 57.7 B USD | 31.51 |
Amazon had more than $86 billion in cash at the end of 2023. For most of its three decades in existence, Amazon has opted to plow its cash back into the business. The last buyback was for $10 billion in 2022, which is a pittance compared with similar sized peers.
What is Apple's long term debt?
Apple carries over $100 billion of long-term debt on its balance sheet. But the tech titan is also able to produce massive amounts of free cash flow. This easily covers interest payments and funds its stock buybacks and dividends.
Free Cash Flow and Margins Could Rise
One thing that investors should follow carefully is Apple's free cash flow. In the year ending Sept. 30, 2023, it reached about $100 billion (i.e., $99.6 billion). That was 10.6% lower than the $111.4 billion in the prior 12 months.
Apple annual free cash flow for 2023 was $99.584B, a 10.64% decline from 2022. Apple annual free cash flow for 2022 was $111.443B, a 19.89% increase from 2021. Apple annual free cash flow for 2021 was $92.953B, a 26.7% increase from 2020.
| # | Name | M. Cap |
|---|---|---|
| 1 | Microsoft 1MSFT | $2.954 T |
| 2 | Apple 2AAPL | $2.623 T |
| 3 | NVIDIA 3NVDA | $2.074 T |
| 4 | Alphabet (Google) 4GOOG | $1.944 T |
The largest part of Apple's investment in recent years was attributed for purchases of marketable securities. In the company's 2023 financial year these investments amounted 29.5 billion U.S. dollars. Marketable securities are debts that are to be sold or redeemed within a year.
Apple keeps its cash primarily in a combination of U.S. Treasury securities, money market funds, and bank deposits.
Apple has a low net debt to EBITDA ratio of only 0.27. And its EBIT covers its interest expense a whopping 648 times over. So we're pretty relaxed about its super-conservative use of debt. The good news is that Apple has increased its EBIT by 4.1% over twelve months, which should ease any concerns about debt repayment.
The borrowing is profitable for the company's shareholders by at least one measure: the company's earnings yield, a measure of how much the company earns relative to its share price, is around 5.6%, while it can borrow for 30 years for less than 3%. Apple's not the only one seizing this golden opportunity.
Total debt on the balance sheet as of December 2023 : $9.57 B. According to Tesla's latest financial reports the company's total debt is $9.57 B. A company's total debt is the sum of all current and non-current debts.
Simplicity has been at the center of Buffett's strategy for decades. With Berkshire holding a record $168 billion of cash and short-term investments on its balance sheet, investors must surely be wondering what Buffett is thinking. I'd say he just told us, and I think it makes a lot of sense.
Should I hoard cash?
In times of economic uncertainty, some people may feel as though they should keep a lot of physical cash handy. However, this well-meaning attempt to protect money can backfire if you make it a habit to keep hoarding cash over a long period.
Cash on Hand as of December 2023 : $7.19 B
According to Walt Disney's latest financial reports the company has $7.19 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.
Total debt on the balance sheet as of December 2023 : $135.61 B. According to Amazon's latest financial reports the company's total debt is $135.61 B. A company's total debt is the sum of all current and non-current debts.
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The interest on Apple's debt is barely above the prime rate, and the interest is tax-deductible. It essentially has zero cost to the company to carry the debt and the capital can be used to generate profit.
