Apple Current Ratio

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Current Ratio Analysis

Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Apple 
Current Ratio 
 = 
Current Asset 
Current Liabilities 
 = 
1.35 times

Distress Driver Correlations

 Apple Current Ratio 
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About Current Ratio

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e. Current Ration of 2 to 1).
Compare to competition

Apple Current Ratio Assessment

  Ratio 
Benchmark  Embed   Apple Comparables 
In accordance with recently published financial statements Apple Inc has Current Ratio of 1.35 times. This is 42.55% lower than that of the Consumer Goods sector, and 57.28% lower than that of Electronic Equipment industry, The Current Ratio for all stocks is 59.09% higher than the company.
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Found 8 equities by Current Ratio
AAPL NMSApple Inc
1.35 times
SNE NYQSony Corporation
0.83 times
PHG NYQKoninklijke Philips NV
1.45 times
HAR NYQHarman International Industries Incorporated
1.57 times
2457 TPEPHIHONG TECHNOLOGY TWD10
1.25 times
UEIC NMSUniversal Electronics Inc
1.61 times
KODK NYQEastman Kodak Co
2.92 times
WATT NCMEnergous Corporation
5.19 times
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Peer Comparison
Apple Current Ratio Comparison
  Current Ratio 
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Apple is rated below average in current ratio category among related companies.
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Return On Equity36.90 %
Return On Asset12.26 %
Profit Margin21.19 %
Operating Margin27.84 %
Current Valuation653.91 B
Shares Outstanding5.33 B
Shares Owned by Insiders0.03 %
Shares Owned by Institutions60.20 %
Number of Shares Shorted58.95 M
Price to Earning14.32 times
Price to Book4.96 times
Price to Sales2.95 times
Revenue215.64 B
Gross Profit84.26 B
EBITDA70.53 B
Net Income45.69 B
Cash and Equivalents67.88 B
Cash per Share12.73 times
Total Debt87.04 B
Debt to Equity0.68 times
Current Ratio1.35 times
Book Value Per Share24.03 times
Cash Flow from Operations65.82 B
Short Ratio1.45 times
One Year High119.93
One Year Low89.47
Earnings Per Share8.31 times
Price to Earnings To Growth1.10 times
Number of Employees116 K
Beta1.44
Market Capitalization634.76 B
Total Asset321.69 B
Retained Earnings96.36 B
Working Capital27.86 B
Current Asset106.87 B
Current Liabilities79.01 B
Z Score4.2
Last Dividend Paid0.57