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Apple AAPL Net debt / EBITDA

Net debt / EBITDA at other companies

HP logo
HPHPQ
-0.5×
Microsoft logo
MicrosoftMSFT
0.5×0.0×
Qualcomm logo
QualcommQCOM
0.7×+0.2×
Amazon logo
AmazonAMZN
0.9×+0.2×
Netflix logo
NetflixNFLX
0.3×-0.6×
Zoom Video Communications, Inc. logo
Zoom Video Communications, Inc.ZM
-0.7×-0.2×

Other financials

Income statement

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Revenue$111.18B+16.6%
Gross profit$54.8B+22.1%
Operating income$35.9B+21.3%
Net income$29.6B+19.4%
EPS (diluted)$2.01+21.8%

Balance sheet

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Cash & equivalents$45.6B+61.8%
Total debt$82.7B-10.3%
Total equity$106.49B+59.4%
Total assets$371.08B+12.0%

Cash flow

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Operating cash flow$28.7B+19.8%
CapEx$2.0B-35.8%
Free cash flow$26.7B+28.0%

Valuation

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Market cap$4.35T+11.7%
Enterprise value$4.38T+10.6%
P/E35.5×-4.5×
P/S9.6×-0.1×

Profitability

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Gross margin47.9%+1.2pp
Operating margin32.6%+0.8pp
Net margin27.2%+2.9pp

Returns & leverage

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Return on equity141.5%+3.5pp
Debt / equity0.8×-0.6×
Current ratio1.1×+0.2×

Where this comes from

Calculated from Apple’s reported figures.

Based on the most recent quarter.

The official record: Apple’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apple's net debt / EBITDA?
Apple (AAPL) reported net debt / EBITDA of 0.2× in Q1 2026.
How has Apple's net debt / EBITDA changed year-over-year?
Apple's net debt / EBITDA decreased by 49.7% year-over-year, from 0.5× to 0.2×.
What is the long-term trend for Apple's net debt / EBITDA?
Over 4 years (2021 to 2025), Apple's net debt / EBITDA has grown at a -12.6% compound annual growth rate (CAGR), from 3.1× to 1.8×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.