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Apple Total Debt vs. Z Score

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Apple Z Score vs. Total Debt Fundamental Analysis

Apple is the top company in total debt category among related companies. It is rated third in z score category among related companies . The ratio of Total Debt to Z Score for Apple is about  15,006,944,444 
Apple is the top company in total debt category among related companies. Total debt of Consumer Electronics industry is presently estimated at about 115.44 Billion. Apple totals roughly 108.05 Billion in total debt claiming about 94% of stocks in Consumer Electronics industry.
Total debt  Valuation  Revenue  Workforce  Capitalization
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principle payments will eventually prevent the firm from borrow excessively.
Apple 
Total Debt 
 = 
Bonds 
+  
Notes 
=
108.05 B
In most industries, total debt may also include current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meaningful to compare total debt amounts between companies that operate within the same sector.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in late 1960s at New York University..
Apple 
Z Score 
 = 
Sum Of  
 
5 Factors 
=
7.2
To calculate Z-Score one would need to know current working capital of the company, its total assets and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1 indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.

Apple Z Score Comparison

  Z Score 
    
  Apple Comparables 
Apple is currently under evaluation in z score category among related companies.

Apple Fundamental Comparison