“Apple is famous for its impressive stack of $178 billion in cash and investments,” Matt Krantz reports for USA Today. “But the company is also busily digging a $43 billion hole of debt.”
“Following Monday’s $6.5 billion debt offering, the maker of electronic gadgets is on the hook for $43 billion in total debt,” Krantz reports. “That’s a remarkable increase in debt for a company that essentially owed no one under most of the comeback under former CEO Steve Jobs.”
“Apple has gone from carrying no long-term debt to $43 billion in just about two years – $39 billion of that being long-term debt,” Krantz reports. “Long-term debt carries a maturity of more than a year.”
Read more in the full article here.
MacDailyNews Take: Far cheaper than the alternative, taking on this type of “debt” falls clearly into “no-brainer” territory.
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Apple debt offering only $12 billion – April 29, 2014
Apple about to join the ranks of the biggest U.S. corporate debtors – April 29, 2014
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Apple gains on record $17 billion debt deal – April 30, 2013
Debt-free Apple plans to borrow to finance massive capital-return program – April 23, 2013
Apple Computer now a debt-free company – February 18, 2004