How to Calculate Net Debt to EBITDA for Apple for Fiscal Year 2019?
Can someone please show me how to calculate the Net Debt to EBITDA ratio for Apple from it's 2019 10K? I added the $105,718 Million of total current liabilities to the $142,310 Million of total non-current liabilities and then subtracted the $48,844 Million of cash and cash equivalents; then I divided that result by EBITDA of $81,860 Million and ended up with 2.43 for net debt to EBITDA, but I don't believe that it's correct.
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