Apple Tax Assets vs Total Debt Analysis

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AAPL -- USA Stock  

 Earnings Call  This Week

Apple financial indicator trend analysis is way more than just evaluating Apple prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apple is a good investment. Please check the relationship between Apple Tax Assets and its Total Debt accounts. Please continue to Trending Equities.

Tax Assets vs Total Debt

Accounts Relationship

Tax Assets vs Total Debt

Significance: Significant Contrarian Relationship

Tax Assets diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Apple Tax Assets account and Total Debt

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Tax Assets

A component of [Assets] representing tax assets and receivables.

Total Debt

Total Debt of Apple is a combination of both Apple short-term and long-term liabilities. Short-term debts are those that must be paid back within a year. This type of debt applies to things like lines of credit or short-term term bonds. Long-term debt of Apple includes liability that must be paid off in more than a year. This typically includes large senior debts like mortgages, bonds, as well as business loans or leases. A component of [Liabilities] representing the total amount of current and non-current debt owed. Includes secured and unsecured bonds issued; commercial paper; notes payable; credit facilities; lines of credit; capital lease obligations; and convertible notes.