Apple (AAPL) Debt Ratio (2014 - 2026)
Apple's (AAPL) Debt Ratio stood at 0.22 in fiscal Q3 2026 (quarter ended Jun 27, 2026), down 28.3% from 0.31 a year earlier and down 3.6% from the prior quarter.
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Analysis
Apple (AAPL) Debt Ratio (2014 - 2026) Analysis & Trends
For FY2025 (ended Sep 27, 2025), Apple's Debt Ratio came in at 0.27, down 6.0% from FY2024.
- Annual Debt Ratio has declined for four straight fiscal years.
- Across earlier fiscal years, Debt Ratio came in at 0.29 in FY2024 (-7.3%), 0.32 in FY2023 (-7.4%), 0.34 in FY2022 (-4.2%) and 0.36 in FY2021 (+2.4%).
- The fiscal Q3 2026 figure is the lowest quarterly Debt Ratio since fiscal Q1 2016.
- On a year-over-year basis, Debt Ratio has declined for four consecutive quarters, with an average decline of 11.5% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 2.4% in fiscal Q4 2021, against a decline of 28.3% in fiscal Q3 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 0.23 (Q2 2026), 0.24 (Q1 2026) and 0.27 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,033.93 Bn | 4,781.42 Bn | 54.77 Bn | 0.22 |
| 2 | Cisco Systems | 455.13 Bn | 391.06 Bn | 11.06 Bn | 0.23 |
| 3 | Dell Technologies | 369.31 Bn | 325.06 Bn | 9.83 Bn | 0.27 |
| 4 | Arista Networks | 256.54 Bn | 210.00 Bn | 1.91 Bn | - |
| 5 | Sandisk | 212.14 Bn | 200.66 Bn | 7.58 Bn | - |
| 6 | Seagate Technology Holdings | 160.59 Bn | 155.58 Bn | 1.90 Bn | 0.36 |
| 7 | Sony | 145.90 Bn | 83.16 Bn | 6.53 Bn | 0.08 |
| 8 | Western Digital | 130.02 Bn | 118.15 Bn | 2.03 Bn | 0.08 |
| 9 | Hewlett Packard Enterprise | 92.18 Bn | 70.06 Bn | 4.93 Bn | 0.24 |
| 10 | Lumentum Holdings | 72.40 Bn | 64.21 Bn | 477.30 Mn | 0.22 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 0.22 |
| Mar 28, 2026 | 0.23 |
| Dec 27, 2025 | 0.24 |
| Sep 27, 2025 | 0.27 |
| Jun 28, 2025 | 0.31 |
| Mar 29, 2025 | 0.30 |
| Dec 28, 2024 | 0.28 |
| Sep 28, 2024 | 0.29 |
| Jun 29, 2024 | 0.31 |
| Mar 30, 2024 | 0.31 |
| Dec 30, 2023 | 0.31 |
| Sep 30, 2023 | 0.32 |
| Jul 1, 2023 | 0.33 |
| Apr 1, 2023 | 0.33 |
| Dec 31, 2022 | 0.32 |
| Sep 24, 2022 | 0.34 |
| Jun 25, 2022 | 0.36 |
| Mar 26, 2022 | 0.34 |
| Dec 25, 2021 | 0.32 |
| Sep 25, 2021 | 0.36 |
API Access
Apple Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "AAPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();