Welcome to the Financial Snapshot of APPLE INC.!
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Current Ratio
Current Ratio measures a company's ability to pay off its current liabilities. This is the least conservative liquidity ratio as it includes all current assets.
Quick Ratio
Quick Ratio measures a company's ability to meet its short-term obligations with its most liquid assets. This means excluding inventory from current assets because inventory is les liquid than cash.
Cash Ratio
Cash Ratio is the most conservative liquidity ratio and considers only cash and cash equivalents in relation to current liabilities.
Equity Ratio
Also known as Equity-to-Assets Ratio, shows how much a company is funded by equity as opposed to debt. A higher Equity Ratio indicates that a larger portion of the company's assets is funded by shareholders' equity rather than debt, which is favorable for the company's financial health.
Assets
us-gaap Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
Liabilities and Equity
us-gaap Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
Assets, Noncurrent
us-gaap Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.
Assets, Current
us-gaap Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
Commitments and Contingencies
us-gaap Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.
Intangible Assets Net Excluding Goodwill Noncurrent
aapl No description provided.
Liabilities
us-gaap Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
Marketable Securities, Noncurrent
us-gaap Amount of investment in marketable security, classified as noncurrent.
Property, Plant and Equipment, Net
us-gaap Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
Stockholders' Equity Attributable to Parent
us-gaap Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
Other Assets, Noncurrent
us-gaap Amount of noncurrent assets classified as other.
Marketable Securities, Current
us-gaap Amount of investment in marketable security, classified as current.
Cash and Cash Equivalents, at Carrying Value
us-gaap Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
Inventory, Net
us-gaap Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
Other Assets, Current
us-gaap Amount of current assets classified as other.
Liabilities, Current
us-gaap Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
Nontrade Receivables, Current
us-gaap The sum of amounts currently receivable other than from customers. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer.
Accounts Receivable, after Allowance for Credit Loss, Current
us-gaap Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.
Liabilities, Noncurrent
us-gaap Amount of obligation due after one year or beyond the normal operating cycle, if longer.
Commercial Paper
us-gaap Carrying value as of the balance sheet date of short-term borrowings using unsecured obligations issued by banks, corporations and other borrowers to investors. The maturities of these money market securities generally do not exceed 270 days.
Retained Earnings (Accumulated Deficit)
us-gaap The cumulative amount of the reporting entity's undistributed earnings or deficit.
Contract with Customer, Liability, Current
us-gaap Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current.
Other Liabilities, Current
us-gaap Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer.
Common Stocks, Including Additional Paid in Capital
us-gaap Amount of par value plus amounts in excess of par value or issuance value for common stock issued.
Long-term Debt, Current Maturities
us-gaap Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.
Accumulated Other Comprehensive Income (Loss), Net of Tax
us-gaap Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.
Long-term Debt, Excluding Current Maturities
us-gaap Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.
Accounts Payable, Current
us-gaap Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
Other Liabilities, Noncurrent
us-gaap Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer.