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Authored by: Tolerance on Saturday, November 10 2012 @ 04:33 AM EST |
I did have in mind that Apple could clear all of it's
liabilities at a stroke; that is one definition of a 'debt-
free balance sheet'. While it is important for people and
small business to retain and use a line of credit - read,
debt, such as an overdraft - that is not true of companies
like Apple which can fund themselves. For such institutions,
being debt-free allows rapid funding of initiatives that
debt-laden competitors (read: Microsoft) can't match.
More importantly I've seen nothing to indicate that Apple
has what sharebrokers and economists and bankers would call
DEBT.
Debt is what you pay interest on. As far as I'm aware Apple
does not borrow money on which it pays interest, though I
admit I last looked into that eight years ago.
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Grumpy old man[ Reply to This | Parent | # ]
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