Apple Inc. (AAPL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 144.11B | 158.1B | 147.96B | 122.49B | 118.67B | 133.24B | 152.99B | 125.44B | 128.42B | 143.69B | 143.57B | 122.66B | 112.91B | 128.78B | 135.41B | 112.29B | 118.18B | 153.15B | 134.84B | 114.42B |
| Cash & Short-Term Investments | 68.51B | 66.91B | 54.7B | 55.37B | 48.5B | 53.77B | 65.17B | 61.8B | 67.15B | 73.1B | 61.55B | 62.48B | 55.87B | 51.35B | 48.3B | 48.23B | 51.51B | 63.91B | 62.64B | 61.7B |
| Cash Only | 36.33B | 45.32B | 35.93B | 36.27B | 28.16B | 30.3B | 29.94B | 25.57B | 32.7B | 40.76B | 29.96B | 28.41B | 24.69B | 20.54B | 23.65B | 27.5B | 28.1B | 37.12B | 34.94B | 34.05B |
| Short-Term Investments | 32.18B | 21.59B | 18.76B | 19.1B | 20.34B | 23.48B | 35.23B | 36.24B | 34.45B | 32.34B | 31.59B | 34.07B | 31.18B | 30.82B | 24.66B | 20.73B | 23.41B | 26.79B | 27.7B | 27.65B |
| Accounts Receivable | 53.51B | 70.32B | 72.96B | 46.84B | 49.8B | 59.31B | 66.24B | 43.17B | 41.15B | 50.1B | 60.98B | 39.19B | 35.9B | 54.18B | 60.93B | 42.24B | 45.4B | 65.25B | 51.51B | 33.91B |
| Days Sales Outstanding | 50.68 | 45.35 | 53.19 | 46.76 | 52.06 | 45.96 | 52.44 | 44.73 | 45.75 | 42.27 | 50.93 | 41.77 | 43.22 | 48.15 | 52.08 | 48.07 | 51.76 | 42.86 | 46.62 | 37.4 |
| Inventory | 6.75B | 5.88B | 5.72B | 5.92B | 6.27B | 6.91B | 7.29B | 6.17B | 6.23B | 6.51B | 6.33B | 7.35B | 7.48B | 6.82B | 4.95B | 5.43B | 5.46B | 5.88B | 6.58B | 5.18B |
| Days Inventory Outstanding | 10.18 | 7.08 | 9.79 | 11.03 | 11.88 | 9.78 | 11.99 | 12.24 | 11.96 | 9.03 | 12.69 | 14.87 | 12.31 | 8.63 | 9.07 | 10.53 | 9.43 | 8.13 | 11.1 | 10.24 |
| Other Current Assets | 15.35B | 15B | 14.59B | 14.36B | 14.11B | 13.25B | 14.29B | 14.3B | 13.88B | 13.98B | 14.7B | 13.64B | 13.66B | 16.42B | 21.22B | 16.39B | 15.81B | 18.11B | 14.11B | 13.64B |
| Total Non-Current Assets | 226.97B | 221.19B | 211.28B | 209B | 212.56B | 210.84B | 211.99B | 206.18B | 209B | 209.82B | 209.02B | 212.38B | 219.25B | 217.97B | 217.35B | 224.02B | 232.48B | 228.04B | 216.17B | 215.42B |
| Property, Plant & Equipment | 50.12B | 50.16B | 49.83B | 48.51B | 46.88B | 46.07B | 45.68B | 44.5B | 43.55B | 43.67B | 54.38B | 43.55B | 43.4B | 42.95B | 42.12B | 40.34B | 39.3B | 39.24B | 39.44B | 38.62B |
| Fixed Asset Turnover | 2.22x | 2.88x | 2.08x | 1.97x | 2.05x | 2.71x | 2.11x | 1.95x | 2.08x | 2.44x | 1.83x | 1.88x | 2.20x | 2.75x | 2.19x | 2.08x | 2.48x | 3.15x | 2.14x | 2.13x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 21.33B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 78.09B | 77.89B | 77.72B | 77.61B | 84.42B | 87.59B | 91.48B | 91.24B | 95.19B | 99.47B | 100.54B | 104.06B | 110.46B | 114.09B | 120.81B | 131.08B | 141.22B | 138.68B | 127.88B | 131.95B |
| Other Non-Current Assets | 77.43B | 93.15B | 62.95B | 82.88B | 81.26B | 77.18B | 55.34B | 70.44B | 70.26B | 66.68B | 36.24B | 64.77B | 65.39B | 60.92B | 39.05B | 52.6B | 51.96B | 50.11B | 48.85B | 44.85B |
| Total Assets | 371.08B | 379.3B | 359.24B | 331.5B | 331.23B | 344.08B | 364.98B | 331.61B | 337.41B | 353.51B | 352.58B | 335.04B | 332.16B | 346.75B | 352.75B | 336.31B | 350.66B | 381.19B | 351B | 329.84B |
| Asset Turnover | 0.30x | 0.39x | 0.30x | 0.28x | 0.28x | 0.35x | 0.27x | 0.26x | 0.26x | 0.34x | 0.26x | 0.25x | 0.28x | 0.33x | 0.26x | 0.24x | 0.27x | 0.34x | 0.24x | 0.24x |
| Asset Growth % | 12.03% | 10.23% | -1.57% | -0.04% | -1.83% | -2.67% | 3.52% | -1.02% | 1.58% | 1.95% | -0.05% | -0.38% | -5.28% | -9.04% | 0.5% | 1.96% | 4.01% | 7.66% | 8.37% | 3.94% |
| Total Current Liabilities | 134.64B | 162.37B | 165.63B | 141.12B | 144.57B | 144.37B | 176.39B | 131.62B | 123.82B | 133.97B | 145.31B | 124.96B | 120.08B | 137.29B | 153.98B | 129.87B | 127.51B | 147.57B | 125.48B | 107.75B |
| Accounts Payable | 57.35B | 70.59B | 69.86B | 50.37B | 54.13B | 61.91B | 68.96B | 47.57B | 45.75B | 58.15B | 62.61B | 46.7B | 42.95B | 57.92B | 64.11B | 48.34B | 52.68B | 74.36B | 54.76B | 40.41B |
| Days Payables Outstanding | 103.21 | 85.75 | 101.07 | 94.49 | 104.56 | 90.19 | 103.86 | 92.11 | 97.51 | 84.9 | 101.36 | 89.87 | 86.82 | 89.49 | 98.3 | 97.65 | 105.64 | 84.29 | 89.87 | 79.35 |
| Short-Term Debt | 10.31B | 13.82B | 20.33B | 19.27B | 19.62B | 12.84B | 20.88B | 15.11B | 12.76B | 12.95B | 15.81B | 11.21B | 12.57B | 11.48B | 21.11B | 24.99B | 16.66B | 16.17B | 15.61B | 16.04B |
| Deferred Revenue (Current) | 9.33B | 9.41B | 9.05B | 8.98B | 8.98B | 8.46B | 8.25B | 8.05B | 8.01B | 8.26B | 8.06B | 8.16B | 8.13B | 7.99B | 7.91B | 7.73B | 7.92B | 7.88B | 7.61B | 7.68B |
| Other Current Liabilities | 57.65B | 68.54B | 42.34B | 62.5B | 61.85B | 61.15B | 50.07B | 60.89B | 57.3B | 54.61B | 48.44B | 58.9B | 56.42B | 59.89B | 52.63B | 48.81B | 50.25B | 49.17B | 45.97B | 43.63B |
| Current Ratio | 1.07x | 0.97x | 0.89x | 0.87x | 0.82x | 0.92x | 0.87x | 0.95x | 1.04x | 1.07x | 0.99x | 0.98x | 0.94x | 0.94x | 0.88x | 0.86x | 0.93x | 1.04x | 1.07x | 1.06x |
| Quick Ratio | 1.02x | 0.94x | 0.86x | 0.83x | 0.78x | 0.88x | 0.83x | 0.91x | 0.99x | 1.02x | 0.94x | 0.92x | 0.88x | 0.89x | 0.85x | 0.82x | 0.88x | 1.00x | 1.02x | 1.01x |
| Cash Conversion Cycle | -42.35 | -33.32 | -38.09 | -36.71 | -40.63 | -34.45 | -39.43 | -35.15 | -39.8 | -33.6 | -37.74 | -33.24 | -31.29 | -32.71 | -37.16 | -39.05 | -44.46 | -33.3 | -32.14 | -31.7 |
| Total Non-Current Liabilities | 129.95B | 128.74B | 119.88B | 124.55B | 119.87B | 132.96B | 131.64B | 133.28B | 139.4B | 145.44B | 145.13B | 149.8B | 149.93B | 152.73B | 148.1B | 148.33B | 155.75B | 161.69B | 162.43B | 157.81B |
| Long-Term Debt | 74.4B | 76.69B | 78.33B | 82.43B | 78.57B | 83.96B | 85.75B | 86.2B | 91.83B | 95.09B | 95.28B | 98.07B | 97.04B | 99.63B | 98.96B | 94.7B | 103.32B | 106.63B | 109.11B | 105.75B |
| Capital Lease Obligations | 0 | 0 | 11.6B | 0 | 0 | 0 | 10.8B | 0 | 0 | 0 | 11.27B | 0 | 0 | 0 | 10.75B | 0 | 0 | 0 | 10.28B | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 55.55B | 52.05B | 29.95B | 42.12B | 41.3B | 49.01B | 35.09B | 47.08B | 47.56B | 50.35B | 38.58B | 51.73B | 52.89B | 53.11B | 38.39B | 53.63B | 52.43B | 55.06B | 43.05B | 52.05B |
| Total Liabilities | 264.59B | 291.11B | 285.51B | 265.67B | 264.44B | 277.33B | 308.03B | 264.9B | 263.22B | 279.41B | 290.44B | 274.76B | 270B | 290.02B | 302.08B | 278.2B | 283.26B | 309.26B | 287.91B | 265.56B |
| Total Debt | 84.71B | 90.51B | 112.38B | 101.7B | 98.19B | 96.8B | 119.06B | 101.3B | 104.59B | 108.04B | 123.93B | 109.28B | 109.61B | 111.11B | 132.48B | 119.69B | 119.98B | 122.8B | 136.52B | 121.79B |
| Net Debt | 48.38B | 45.19B | 76.44B | 65.43B | 70.02B | 66.5B | 89.12B | 75.74B | 71.89B | 67.28B | 93.97B | 80.87B | 84.93B | 90.58B | 108.83B | 92.19B | 91.88B | 85.68B | 101.58B | 87.74B |
| Debt / Equity | 0.80x | 1.03x | 1.52x | 1.54x | 1.47x | 1.45x | 2.09x | 1.52x | 1.41x | 1.46x | 1.99x | 1.81x | 1.76x | 1.96x | 2.61x | 2.06x | 1.78x | 1.71x | 2.16x | 1.89x |
| Debt / EBITDA | 2.15x | 1.67x | 3.16x | 3.28x | 3.04x | 2.11x | 3.66x | 3.59x | 3.40x | 2.50x | 4.18x | 4.20x | 3.51x | 2.85x | 4.77x | 4.62x | 3.67x | 2.78x | 5.10x | 4.52x |
| Net Debt / EBITDA | 1.23x | 0.84x | 2.15x | 2.11x | 2.17x | 1.45x | 2.74x | 2.69x | 2.34x | 1.56x | 3.17x | 3.10x | 2.72x | 2.33x | 3.92x | 3.56x | 2.81x | 1.94x | 3.79x | 3.25x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | 27.94x | 23.78x | 31.52x | 36.52x | 30.81x | 33.08x | 44.62x | 60.43x | 35.60x | 37.65x |
| Total Equity | 106.49B | 88.19B | 73.73B | 65.83B | 66.8B | 66.76B | 56.95B | 66.71B | 74.19B | 74.1B | 62.15B | 60.27B | 62.16B | 56.73B | 50.67B | 58.11B | 67.4B | 71.93B | 63.09B | 64.28B |
| Equity Growth % | 59.43% | 32.1% | 29.47% | -1.32% | -9.97% | -9.91% | -8.36% | 10.67% | 19.36% | 30.63% | 22.64% | 3.73% | -7.78% | -21.14% | -19.68% | -9.6% | -2.57% | 8.62% | -3.44% | -11.07% |
| Book Value per Share | 7.21 | 5.95 | 4.91 | 4.40 | 4.44 | 4.41 | 3.74 | 4.35 | 4.80 | 4.76 | 3.97 | 3.82 | 3.92 | 3.56 | 3.14 | 3.57 | 4.11 | 4.35 | 3.79 | 3.83 |
| Total Shareholders' Equity | 106.49B | 88.19B | 73.73B | 65.83B | 66.8B | 66.76B | 56.95B | 66.71B | 74.19B | 74.1B | 62.15B | 60.27B | 62.16B | 56.73B | 50.67B | 58.11B | 67.4B | 71.93B | 63.09B | 64.28B |
| Common Stock | 99.51B | 95.22B | 93.57B | 89.81B | 88.71B | 84.77B | 83.28B | 79.85B | 78.81B | 75.24B | 73.81B | 70.67B | 69.57B | 66.4B | 64.85B | 62.12B | 61.18B | 58.42B | 57.37B | 54.99B |
| Retained Earnings | 12.36B | -2.18B | -14.26B | -17.61B | -15.55B | -11.22B | -19.15B | -4.73B | 4.34B | 8.24B | -214M | 1.41B | 4.34B | 3.24B | -3.07B | 5.29B | 12.71B | 14.44B | 5.56B | 9.23B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -5.38B | -4.85B | -5.57B | -6.37B | -6.36B | -6.79B | -7.17B | -8.42B | -8.96B | -9.38B | -11.45B | -11.8B | -11.75B | -12.91B | -11.11B | -9.3B | -6.49B | -927M | 163M | 58M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |