Quick Answer: What Is Apple’S Total Debt?

Why does Apple have debt?

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Apple is sitting on a $200 billion cash pile, making it one of the most cash-rich companies in the world.

So why did it sell $7 billion of debt on Wednesday.

The answer is simple: There’s cheap money available in the bond market, and it’s getting it while rates are still low..

How rich was Steve Jobs?

Steve Jobs net worth: Steve Jobs was an American inventor and business magnate who had a net worth of $10.2 billion at the time of his death.

Is Bill Gates owner of Apple?

The world’s third-richest man, Bill Gates, made his fortune through Microsoft, but interestingly, he’s invested about 2 per cent of his wealth into rival company Apple.

How much debt does Amazon have?

Based on Amazon.com’s financial statement as of May 1, 2020, long-term debt is at $23.44 billion and current debt is at $1.31 billion, amounting to $24.75 billion in total debt. Adjusted for $27.20 billion in cash-equivalents, the company’s net debt is at $-2.45 billion.

How much is Apple in debt?

Fast-forward 16 years, and Apple now has over $103 billion in term debt. Add in commercial paper and total debt climbs to $108 billion.

Is Apple richer than some countries?

Businesses outperforming nations As Apple is now worth a collosal $2 trillion (£1.5trn), and has overtaken the economy of the world’s largest countries by area – Russia and Canada – we take a look at other global giants that have grown so big that they are worth more than entire nations.

How much cash does Apple have 2020?

Apple now has $192.8 billion cash on hand, according to the company’s fiscal second-quarter earnings report released Thursday. That’s down 7.4% from its fiscal first quarter of 2020, when the company reported a $207.06 billion cash pile.

Does Google have any debt?

Google Inc. added to its cash hoard Monday by issuing $3 billion in corporate debt at low interest rates. It’s the first time Google has tapped the corporate bond market for money. After paying its expenses, Google expects to get about $2.97 billion in proceeds.

Who is the richest person in Apple?

Tim CookApple CEO Tim Cook is officially a billionaire, per calculations by the Bloomberg Billionaires Index. Apple now has a market value of nearly $2 trillion, per Bloomberg.

Could Jeff Bezos buy Disney?

Jeff Bezos has an estimated personal net worth that is higher than the market capitalization of The Walt Disney Company, but this does not mean he can buy The Walt Disney Company. … This would further lower his net worth. Market capitalization is the total value of all the stocks of a company at current market prices.

How is Apple doing financially?

Cupertino, California — July 30, 2020 — Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020. The Company posted quarterly revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent.

Where does Apple make most of its money?

For the fiscal year 2019, the company’s iPhone business accounted for approximately 54.7% of total sales; the company’s Services segment made up approximately 17.7% of revenue; Mac sales generated 9.8% of total revenue; Wearables, Home and Accessories segment comprised 9.4% of the company’s sales; the iPad accounted …

Why is Apple sitting on so much cash?

Apple has constantly been in the media for the sheer amount of money which it has – investments of around US$200 billion. … Instead of paying this tax, Apple long preferred to hold its cash overseas rather than bring it back into the United States. As Apple’s overseas sales have grown, so has its cash pile.

Is Bill Gates richer than a country?

Microsoft co-founder Bill Gates, the richest person in the world, has a net worth of $75 billion. … Gates’ net worth is greater than the GDP of 122 countries.

How much is Apple’s 2019 debt?

Debt Capitalization Apple’s current liabilities as of June 29, 2019, were $89.7 billion, consisting of $29.1 billion in accounts payable $13.5 billion in short-term notes and bonds.

Does Apple have a lot of debt?

Based on Apple’s balance sheet as of May 1, 2020, long-term debt is at $89.09 billion and current debt is at $20.42 billion, amounting to $109.51 billion in total debt. Apple has $320.40 billion in total assets, therefore making the debt-ratio 0.34. …

Can Bill Gates buy Apple?

No. Apple has a market value of $832 Billion dollars. Bill Gates net worth is about $80 Billion. So even if he sold everything he owned and turned it into cash he could only buy about 10% of Apple.

How rich would Steve Jobs be today?

Doing a bit of math, we can assume Jobs would have had 78,909,091 shares of Apple. At a $400 share price today, Steve Jobs would have been worth about $31.6 billion before his death if he held all of his initial shares versus an estimated $2.2 billion in Apple stock (at $400 with 5.426 million shares of Apple).

Who is the richest man on Earth?

Jeff BezosJeff Bezos is the richest person in the world He’s trailed closely by Microsoft founder Bill Gates, whose estimated worth is $113 billion.