Can Apple Afford Its $108 Billion in Long-Term Debt?
In the past 10 years, shares of (NASDAQ: AAPL) have crushed the Nasdaq Composite index. Strong financial results have propelled this business to a $2.6 trillion market capitalization.
Despite this impressive performance, some investors might worry that this dominant tech enterprise carries $108 billion of long-term debt on its balance sheet. That gargantuan figure alone would qualify as the world's 139th-most-valuable company.
Can Apple afford this massive amount of debt?
Source Fool.com
Apple Inc. Stock
€170.10
5.330%
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