课程: Corporate Financial Statement Analysis

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Example: Comparing tech company debt ratios

Example: Comparing tech company debt ratios

课程: Corporate Financial Statement Analysis

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Example: Comparing tech company debt ratios

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- Now let's take a look at some different debt ratios and how they can be applied. We're going to illustrate using the tech sector four companies with which we are all familiar, Microsoft, Google, Apple, and Amazon. The Big Four. Here is some information from each company's balance sheet. Now, there's a lot of information here because we're going to make a lot of points. First of all, notice that for Google, Microsoft, and Apple, from 40 to 60% of their assets consist of investment securities. For Apple, for example, they have over $200 billion in investment securities. That's money that they've invested in other companies. Now, the reason I point this out is that you can also see that Apple has $93 billion in long-term debt. They've gone to a bank and borrowed almost $100 billion. Why do they do that with all these investment securities? Why not just cash those securities in instead of borrowing money? Well, that's a…

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