Apple Inc (AAPL) — Cash Flow-to-Debt Ratio
Apple Inc (AAPL) has a Cash Flow-to-Debt Ratio of 0.19x as of December 2025, meaning its operating cash flow of $53.92 Billion could theoretically repay 0% of its total liabilities ($291.11 Billion) in one year. See Apple Inc leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Apple Inc Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for Apple Inc across 37 annual periods. For the full cash flow conversion analysis, see Apple Inc (AAPL) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Apple Inc (1989–2025)
Year-by-year debt coverage analysis for Apple Inc. Check how high is Apple Inc's earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.39x | $111.48 Billion | $285.51 Billion | ▲ +1.7% |
| 2024 | 0.38x | $118.25 Billion | $308.03 Billion | ▲ +0.9% |
| 2023 | 0.38x | $110.54 Billion | $290.44 Billion | ▼ -5.9% |
| 2022 | 0.40x | $122.15 Billion | $302.08 Billion | ▲ +11.9% |
| 2021 | 0.36x | $104.04 Billion | $287.91 Billion | ▲ +15.8% |
| 2020 | 0.31x | $80.67 Billion | $258.55 Billion | ▲ +11.5% |
| 2019 | 0.28x | $69.39 Billion | $248.03 Billion | ▼ -6.6% |
| 2018 | 0.30x | $77.43 Billion | $258.58 Billion | ▲ +13.6% |
| 2017 | 0.26x | $63.60 Billion | $241.27 Billion | ▼ -22.5% |
| 2016 | 0.34x | $65.82 Billion | $193.44 Billion | ▼ -28.3% |
| 2015 | 0.47x | $81.27 Billion | $171.12 Billion | ▼ -4.3% |
| 2014 | 0.50x | $59.71 Billion | $120.29 Billion | ▼ -22.8% |
| 2013 | 0.64x | $53.67 Billion | $83.45 Billion | ▼ -26.8% |
| 2012 | 0.88x | $50.86 Billion | $57.85 Billion | ▼ -6.9% |
| 2011 | 0.94x | $37.53 Billion | $39.76 Billion | ▲ +39.1% |
| 2010 | 0.68x | $18.59 Billion | $27.39 Billion | ▲ +73.9% |
| 2009 | 0.39x | $10.16 Billion | $26.02 Billion | ▼ -24.6% |
| 2008 | 0.52x | $9.60 Billion | $18.54 Billion | ▲ +2.3% |
| 2007 | 0.51x | $5.47 Billion | $10.81 Billion | ▲ +64.5% |
| 2006 | 0.31x | $2.22 Billion | $7.22 Billion | ▼ -50.5% |
| 2005 | 0.62x | $2.54 Billion | $4.08 Billion | ▲ +97.6% |
| 2004 | 0.31x | $934.00 Million | $2.97 Billion | ▲ +181.7% |
| 2003 | 0.11x | $289.00 Million | $2.59 Billion | ▲ +176.0% |
| 2002 | 0.04x | $89.00 Million | $2.20 Billion | ▼ -54.1% |
| 2001 | 0.09x | $185.00 Million | $2.10 Billion | ▼ -71.3% |
| 2000 | 0.31x | $826.00 Million | $2.70 Billion | ▼ -21.0% |
| 1999 | 0.39x | $798.00 Million | $2.06 Billion | ▲ +32.5% |
| 1998 | 0.29x | $775.00 Million | $2.65 Billion | ▲ +372.3% |
| 1997 | 0.06x | $188.00 Million | $3.03 Billion | ▼ -60.5% |
| 1996 | 0.16x | $519.00 Million | $3.31 Billion | ▲ +317.8% |
| 1995 | -0.07x | $-240.00 Million | $3.33 Billion | ▼ -128.5% |
| 1994 | 0.25x | $737.00 Million | $2.92 Billion | ▲ +220.0% |
| 1993 | -0.21x | $-661.80 Million | $3.15 Billion | ▼ -148.5% |
| 1992 | 0.43x | $883.70 Million | $2.04 Billion | ▲ +482.3% |
| 1991 | 0.07x | $128.70 Million | $1.73 Billion | ▼ -88.2% |
| 1990 | 0.63x | $963.90 Million | $1.53 Billion | ▲ +56.4% |
| 1989 | 0.40x | $507.30 Million | $1.26 Billion | — |