In addition to Apple's existing cash and ST investments of $42bn, the Company also has LT investments of ~$104bn. Would you deduct them for the purpose of calculating enterprise value?
Trending Content - Investment Banking Forum
| +94 | Do people still want to go PE? | 28 | 14h |
| +60 | Bloomberg - New UBS Investment Bankers See Smaller Pay Gain on Promotion | 12 | 2d |
| +46 | Think I'm fucking up my analyst years | 16 | 3d |
| +30 | Lazard hirevue | 10 | 14h |
| +29 | What Differentiates the Best Analysts as AI Improves? | 7 | 12h |
| +27 | Big 4 M&A vs. Lincoln Portfolio Valuations | 6 | 4d |
| +26 | Ambitious CC Student trying to break into IB | 13 | 2d |
| +23 | UBS Layoffs (October 2026) | 11 | 5h |
| +22 | Not doing well mentally, how are others doing? | 7 | 4d |
| +18 | Cornell Club T10 Rankings (UPDATED 10/2026) | 14 | 10h |
Career Resources
Generally yes. True for all the big tech guys, as they have gotten creative with what they do using their cash pile (i.e. I heard google buys securitized auto loans).
Depends on the liquidity of the assets.
^^ exactly, you have to look at what the LT investments are made up of. Here it looks like US Treasury and Agency securities, Corporates, Munis, and a little bit of MBS. I'd definitely include it as these are very liquid assets
eta: got my info from p54 of the 10K (note 2) http://edgar.sec.gov/Archives/edgar/data/320193/000119312512444068/d411…
/
what ev did you come up with?
Yeah deduct them in this case. You wouldn't if the LT investment was money invested to build a giant apple campus or something
Consectetur delectus similique accusantium asperiores repudiandae doloremque est. Rerum maiores temporibus eius consequatur dolorum expedita praesentium. Iusto aut ut illo voluptatum asperiores fugit nobis. Accusamus et nemo voluptate itaque dicta. Et est voluptatem cumque.
Enim quo id sunt magni. Magni architecto voluptatum et ullam. Dolores corporis dolorem enim eius delectus. Similique quia cumque et ratione occaecati.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...