MarketCapExport financials
Apple (AAPL)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
Facebook
X
Telegram
Apple Balance Sheet 2025-2006 | AAPL
Brief overview of Apple's balance sheet strength
The comparison uses five available annual reports from the 2021–2025 interval.
Assets shifted from $351 billion to $359.2 billion, leaving five-period growth close to stagnation.
The growth rates were balanced: assets changed +2.3%, while liabilities changed -0.8%.
Equity funds just 20.5% of assets versus 18% previously. The balance sheet is sensitive to weaker results.
Net debt is $44 billion, or 0.6x of equity. This is a conservative debt position.
The cash share moved from 10% to 10%. A higher figure generally provides more room in an adverse scenario.
Retained earnings are negative at -$14.3 billion. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Conclusion
Apple has a workable but not unconditionally strong balance sheet. Resilience depends on sustained earnings and liability control.
Annual Balance Sheet Apple
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
44 B | 57.3 B | 66.7 B | 76.8 B | 83.8 B | 62.1 B | 53.2 B | 76.6 B | 95.4 B | 63 B | 40.7 B | 21.5 B | 2.7 B | -10.7 B | -9.82 B | - | - | - | - | - |
Long Term Debt |
78.3 B | 85.8 B | 95.3 B | 99 B | 109 B | 98.7 B | 91.8 B | 93.7 B | 97.2 B | 75.4 B | 53.3 B | 29 B | 17 B | - | - | - | - | - | - | - |
Long Term Debt Current |
1.58 B | 1.49 B | 1.41 B | 1.53 B | 9.61 B | 1.44 B | 10.3 B | 8.78 B | 6.5 B | 3.5 B | 2.5 B | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
120 B | 132 B | 145 B | 148 B | 162 B | 153 B | 142 B | 142 B | 140 B | 114 B | 90.4 B | 56.8 B | 39.8 B | 19.3 B | 11.8 B | - | - | - | - | - |
Total Current Liabilities |
166 B | 176 B | 145 B | 154 B | 125 B | 105 B | 106 B | 117 B | 101 B | 79 B | 80.6 B | 63.4 B | 43.7 B | 38.5 B | 28 B | 20.7 B | 11.5 B | 11.4 B | - | - |
Total Liabilities |
286 B | 308 B | 290 B | 302 B | 288 B | 259 B | 248 B | 259 B | 241 B | 193 B | 171 B | 120 B | 83.5 B | 57.9 B | 39.8 B | 27.4 B | 15.9 B | 13.9 B | - | - |
Deferred Revenue |
9.06 B | 8.25 B | 8.06 B | 7.91 B | 7.61 B | 6.64 B | 5.52 B | 7.54 B | 7.55 B | 8.08 B | 8.94 B | 8.49 B | 7.44 B | 5.95 B | 4.09 B | 2.98 B | 2.05 B | 1.62 B | - | - |
Retained Earnings |
-14.3 B | -19.2 B | -214 M | -3.07 B | 5.56 B | 15 B | 45.9 B | 70.4 B | 98.3 B | 96.4 B | 92.3 B | 87.2 B | 104 B | 101 B | 62.8 B | 37.2 B | 23.4 B | 15.1 B | - | - |
Total Assets |
359 B | 365 B | 353 B | 353 B | 351 B | 324 B | 339 B | 366 B | 375 B | 322 B | 290 B | 232 B | 207 B | 176 B | 116 B | 75.2 B | 47.5 B | 36.2 B | - | - |
Cash and Cash Equivalents |
35.9 B | 29.9 B | 30 B | 23.6 B | 34.9 B | 38 B | 48.8 B | 25.9 B | 20.3 B | 20.5 B | 21.1 B | 13.8 B | 14.3 B | 10.7 B | 9.82 B | 11.3 B | 5.26 B | 11.9 B | 9.35 B | 6.39 B |
Book Value |
73.7 B | 57 B | 62.1 B | 50.7 B | 63.1 B | 65.3 B | 90.5 B | 107 B | 134 B | 128 B | 119 B | 112 B | 124 B | 118 B | 76.6 B | 47.8 B | 31.6 B | 22.3 B | - | - |
Total Shareholders Equity |
73.7 B | 57 B | 62.1 B | 50.7 B | 63.1 B | 65.3 B | 90.5 B | 107 B | 134 B | 128 B | 119 B | 112 B | 124 B | 118 B | 76.6 B | 47.8 B | 31.6 B | 22.3 B | 14.5 B | 9.98 B |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Balance Sheet Apple
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
71.3 B | 74.4 B | 76.7 B | 76.7 B | 78.3 B | 82.4 B | 78.6 B | 84 B | 85.8 B | 86.2 B | 91.8 B | 95.1 B | 95.3 B | 98.1 B | 97 B | 99.6 B | 99 B | 94.7 B | 103 B | 107 B | 109 B | 106 B | 109 B | 99.3 B | 98.7 B | 94 B | 89.1 B | 93.1 B | 91.8 B | 91.8 B | 91.8 B | 93 B | 93.7 B | 93.7 B | 93.7 B | 104 B | 97.2 B | 97.2 B | 97.2 B | 73.6 B | 75.4 B | 75.4 B | 75.4 B | 53.2 B | 53.3 B | 53.5 B | 53.5 B | 32.5 B | 29 B | 29 B | 29 B | 17 B | 17 B | 17 B | 17 B | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
126 B | 130 B | 129 B | 129 B | 120 B | 125 B | 120 B | 133 B | 132 B | 133 B | 139 B | 145 B | 145 B | 150 B | 150 B | 153 B | 148 B | 148 B | 156 B | 162 B | 162 B | 158 B | 162 B | 155 B | 153 B | 150 B | 146 B | 149 B | 142 B | 142 B | 142 B | 148 B | 143 B | 143 B | 143 B | - | 140 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
276 B | 265 B | 291 B | 291 B | 286 B | 266 B | 264 B | 277 B | 308 B | 265 B | 263 B | 279 B | 290 B | 275 B | 270 B | 290 B | 302 B | 278 B | 283 B | 309 B | 288 B | 266 B | 268 B | 288 B | 259 B | 245 B | 242 B | 251 B | 248 B | 248 B | 248 B | 256 B | 259 B | 259 B | 259 B | 267 B | 241 B | 241 B | 241 B | 199 B | 193 B | 193 B | 193 B | 165 B | 171 B | 171 B | 171 B | 139 B | 120 B | 120 B | 120 B | 95.5 B | 83.5 B | 83.5 B | 83.5 B | 68.7 B | 57.9 B | 57.9 B | 57.9 B | 48.6 B | 39.8 B | 39.8 B | 39.8 B | 21.6 B | 17.7 B | 18.2 B | 22.3 B |
Deferred Revenue |
9.54 B | 9.33 B | 9.41 B | 9.41 B | 9.06 B | 8.98 B | 8.98 B | 8.46 B | 8.25 B | 8.05 B | 8.01 B | 8.26 B | 8.06 B | 8.16 B | 8.13 B | 7.99 B | 7.91 B | 7.73 B | 7.92 B | 7.88 B | 7.61 B | 7.68 B | 7.6 B | 7.4 B | 6.64 B | 6.31 B | 5.93 B | 5.57 B | 5.52 B | 5.52 B | 5.52 B | 5.55 B | 7.54 B | 7.4 B | 7.78 B | 8.04 B | 7.55 B | 7.55 B | 7.55 B | 7.89 B | 8.08 B | 8.08 B | 8.08 B | 8.99 B | 8.94 B | 8.94 B | 8.94 B | 8.99 B | 8.49 B | 8.49 B | 8.49 B | 8.36 B | 7.44 B | 7.44 B | 7.44 B | 7.27 B | 5.95 B | 5.95 B | 5.95 B | 4.89 B | 4.09 B | 4.09 B | 4.09 B | 2.69 B | 2.54 B | 2.59 B | 8.47 B |
Retained Earnings |
11.3 B | 12.4 B | -2.18 B | -2.18 B | -14.3 B | -17.6 B | -15.6 B | -11.2 B | -19.2 B | -4.73 B | 4.34 B | 8.24 B | -214 M | 1.41 B | 4.34 B | 3.24 B | -3.07 B | 5.29 B | 12.7 B | 14.4 B | 5.56 B | 9.23 B | 15.3 B | 14.3 B | 15 B | 24.1 B | 33.2 B | 44 B | 45.9 B | 45.9 B | 45.9 B | 80.5 B | 70.4 B | 70.4 B | 70.4 B | 105 B | 98.3 B | 98.3 B | 98.3 B | 100 B | 96.4 B | 96.4 B | 96.4 B | 101 B | 92.3 B | 92.3 B | 92.3 B | 97.2 B | 87.2 B | 87.2 B | 87.2 B | 109 B | 104 B | 104 B | 104 B | 110 B | 101 B | 101 B | 101 B | 75.7 B | 62.8 B | 62.8 B | 62.8 B | 32.9 B | 29.7 B | 26.7 B | 17.9 B |
Total Assets |
383 B | 371 B | 379 B | 379 B | 359 B | 331 B | 331 B | 344 B | 365 B | 332 B | 337 B | 354 B | 353 B | 335 B | 332 B | 347 B | 353 B | 336 B | 351 B | 381 B | 351 B | 330 B | 337 B | 354 B | 324 B | 317 B | 320 B | 341 B | 339 B | 339 B | 339 B | 374 B | 366 B | 366 B | 366 B | 407 B | 375 B | 375 B | 375 B | 331 B | 322 B | 322 B | 322 B | 293 B | 290 B | 290 B | 290 B | 262 B | 232 B | 232 B | 232 B | 225 B | 207 B | 207 B | 207 B | 196 B | 176 B | 176 B | 176 B | 139 B | 116 B | 116 B | 116 B | 64.7 B | 57.1 B | 53.9 B | 48.1 B |
Cash and Cash Equivalents |
39.5 B | 45.6 B | 45.3 B | 45.3 B | 35.9 B | 36.3 B | 28.2 B | 30.3 B | 29.9 B | 26.6 B | 33.9 B | 42 B | - | - | - | - | - | - | 28.1 B | 37.1 B | 34.9 B | 34 B | 34.9 B | 36 B | 38 B | 38 B | 38 B | 39.8 B | 48.8 B | 48.8 B | 48.8 B | 44.8 B | 25.9 B | 25.9 B | 25.9 B | 27.5 B | 20.3 B | 20.3 B | 27.5 B | 16.4 B | 20.5 B | 20.5 B | 16.4 B | 16.7 B | 21.1 B | 21.1 B | 16.7 B | 19.5 B | 13.8 B | 13.8 B | 19.5 B | 14.1 B | 14.3 B | 14.3 B | 14.1 B | 16.2 B | 10.7 B | 10.7 B | 16.2 B | 10.3 B | 9.82 B | 9.82 B | 10.3 B | 9.7 B | 10 B | 7.61 B | 5.6 B |
Book Value |
108 B | 106 B | 88.2 B | 88.2 B | 73.7 B | 65.8 B | 66.8 B | 66.8 B | 57 B | 66.7 B | 74.2 B | 74.1 B | 62.1 B | 60.3 B | 62.2 B | 56.7 B | 50.7 B | 58.1 B | 67.4 B | 71.9 B | 63.1 B | 64.3 B | 69.2 B | 66.2 B | 65.3 B | 72.3 B | 78.4 B | 89.5 B | 90.5 B | 90.5 B | 90.5 B | 118 B | 107 B | 107 B | 107 B | 140 B | 134 B | 134 B | 134 B | 132 B | 128 B | 128 B | 128 B | 128 B | 119 B | 119 B | 119 B | 123 B | 112 B | 112 B | 112 B | 130 B | 124 B | 124 B | 124 B | 127 B | 118 B | 118 B | 118 B | 90.1 B | 76.6 B | 76.6 B | 76.6 B | 43.1 B | 39.3 B | 35.8 B | 25.9 B |
Total Shareholders Equity |
108 B | 106 B | 88.2 B | 88.2 B | 73.7 B | 65.8 B | 66.8 B | 66.8 B | 57 B | 66.7 B | 74.2 B | 74.1 B | 62.1 B | 60.3 B | 62.2 B | 56.7 B | 50.7 B | 58.1 B | 67.4 B | 71.9 B | 63.1 B | 64.3 B | 69.2 B | 66.2 B | 65.3 B | 72.3 B | 66.2 B | 89.5 B | 90.5 B | 96.5 B | 89.5 B | 118 B | 107 B | 118 B | 118 B | 140 B | 134 B | 134 B | 140 B | 132 B | 128 B | 128 B | 128 B | 128 B | 119 B | 119 B | 119 B | 123 B | 112 B | 112 B | 112 B | 130 B | 124 B | 124 B | 124 B | 127 B | 118 B | 118 B | 118 B | 90.1 B | 76.6 B | 76.6 B | 76.6 B | 43.1 B | 39.3 B | 35.8 B | 25.9 B |
Quarterly performance
Select metrics to display
All numbers in USD currency
Balance Sheet is a fundamental financial report of Apple, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Consumer electronics
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
 |
Mohawk Group Holdings, Inc.
MWK
|
- | -3.50 % | $ 723 M |  USA |
 |
Sonos
SONO
|
$ 17.47 | 0.58 % | $ 2.11 B | USA |
 |
Sony Corporation
SONY
|
$ 25.1 | -0.4 % | $ 152 B |  Japan |
 |
Turtle Beach Corporation
HEAR
|
- | -0.23 % | $ 300 M | USA |
 |
iRobot Corporation
IRBT
|
- | - | $ 32.4 M | USA |
 |
GoPro
GPRO
|
$ 1.07 | -3.18 % | $ 172 M | USA |
 |
Hamilton Beach Brands Holding Company
HBB
|
$ 33.34 | -3.59 % | $ 452 M | USA |
 |
Koss Corporation
KOSS
|
$ 3.47 | -2.53 % | $ 32.5 M | USA |
 |
LG Display Co., Ltd.
LPL
|
$ 2.64 | 0.57 % | $ 1.24 B |  South-korea |
 |
Emerson Radio Corp.
MSN
|
$ 0.33 | 2.72 % | $ 6.94 M | USA |
 |
Universal Electronics
UEIC
|
$ 5.62 | 5.64 % | $ 74 M | USA |
 |
Viomi Technology Co., Ltd
VIOT
|
$ 1.32 | -3.65 % | $ 269 M |  China |
 |
Vuzix Corporation
VUZI
|
$ 2.25 | 2.27 % | $ 175 M | USA |