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In their balance sheets, businesses provide full information about their financial health. Liquid assets stand for those assets that can be easily and quickly converted into cash. A significant condition is that they should generate cash amounts that are close or even identical to their market value. Balance sheets present this information under the current assets section, and they typically include cash, marketable securities, inventories, accounts receivable, and a few other categories. This description reveals that inventories represent a part of the liquid assets of any organization, and Apple is no exclusion. The analysis of the company’s financial statements can reveal that the business increased its total current assets from $134,836 million in September 2021 to $153,154 million in December 2021 (Apple Inc., 2021). However, the company reduced its inventories from $6,580 million in September 2021 to $5,876 million in December 2021 (Apple Inc., 2021). This information demonstrates that the organization utilizes a diversified approach to liquid assets management.
Now, it is possible to use these findings to comment on the financial health of the organization under analysis. A rising amount of liquid assets demonstrates that Apple has sufficient financial resources to cover its liabilities. That is why one can claim that the company is in a good economic condition. In addition to that, the organization’s reports revealed that Apple generated an all-time revenue record of $123.9 billion in December 2021 (Apple Inc., 2022). Even though the COVID-19 pandemic resulted in a significant economic downturn, the organization managed to mitigate these adverse impacts and engage in substantial development. That is why it is impossible to deny the statement that Apple’s financial health is satisfactory and impressive.
References
Apple Inc. (2021). Condensed consolidated balance sheets (unaudited) [PDF document]. Web.
Apple Inc. (2022). Apple reports first quarter results. Web.
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