2026-06-18 12:30 UTC
Open Macro long in AAPL: strong trusted fundamentals outweigh the bearish technical retest, so Macro overrides the technical downside lean and enters on the bullish fundamental side.
Open Macro long in AAPL: strong trusted fundamentals outweigh the bearish technical retest, so Macro overrides the technical downside lean and enters on the bullish fundamental side.
The technical reference snapshot leans bearish after a failed reclaim of 300-302, but trusted macro/fundamental evidence for this stock is moderately bullish and strong enough to override that timing bias for the Macro bucket. Apple shows very strong profitability and exceptional interest-service capacity, which are higher-quality directional supports than the current short-term damaged chart structure. Balance-sheet cautions exist, but they temper conviction rather than reverse the fundamental bias. Because the bucket is flat and hold is not allowed, Macro opens its own long position with defined risk below the 287.38 support zone.
Not applicable for stock mode.
Not applicable for stock mode.
Watch whether profitability remains strong while liquidity and balance-sheet flexibility improve, especially current ratio, cash-to-debt, and net cash position.
Macro analysis 10 claims Open analysis Close analysis
For a stock fundamental view, the main transmission runs through margins, liquidity, and leverage. High gross, operating, net, and EBITDA margins indicate strong earnings conversion from revenue. Liquidity metrics show short-term obligations are covered, though cash alone does not cover debt or current liabilities. Leverage is meaningful, but very strong EBIT-to-interest coverage materially reduces near-term financing stress in the provided snapshot.
- Gross margin of 49.26%
- Operating margin of 32.28% and net margin of 26.60%
- EBITDA margin of 35.36%
- Interest coverage of 95.20x
- Current ratio of 1.07x
- Net cash is negative at -USD 39.14B
- Cash-to-debt is 0.54x
- Debt-to-equity is 0.80x
- Cash-to-current-liabilities is 0.34x
Evidence report 10 claims Open evidence
Apple generates a high gross margin from revenue.
- Formula
- gross_profit_on_sales / sales_revenues * 100
- Input
- gross_profit_on_sales=54,780,000,000; sales_revenues=111,200,000,000
- Calculation
- 54,780,000,000 / 111,200,000,000 * 100 = 49.26258992805755
- Value
- 49.26%
Apple converts revenue into operating profit at a strong rate.
- Formula
- operating_profit / sales_revenues * 100
- Input
- operating_profit=35,890,000,000; sales_revenues=111,200,000,000
- Calculation
- 35,890,000,000 / 111,200,000,000 * 100 = 32.27517985611511
- Value
- 32.28%
Apple retains a large share of revenue as net income.
- Formula
- net_income / sales_revenues * 100
- Input
- net_income=29,580,000,000; sales_revenues=111,200,000,000
- Calculation
- 29,580,000,000 / 111,200,000,000 * 100 = 26.60071942446043
- Value
- 26.60%
Apple's EBITDA margin is strong.
- Formula
- ebitda / sales_revenues * 100
- Input
- ebitda=39,320,000,000; sales_revenues=111,200,000,000
- Calculation
- 39,320,000,000 / 111,200,000,000 * 100 = 35.35971223021583
- Value
- 35.36%
Short-term liquidity is adequate but not abundant.
- Formula
- current_assets / current_liabilities
- Input
- current_assets=144,110,000,000; current_liabilities=134,640,000,000
- Calculation
- 144,110,000,000 / 134,640,000,000 = 1.0703364527630718
- Value
- 1.07x
Cash covers only part of total debt.
- Formula
- cash_and_equivalent / debt
- Input
- cash_and_equivalent=45,570,000,000; debt=84,710,000,000
- Calculation
- 45,570,000,000 / 84,710,000,000 = 0.537952898123008
- Value
- 0.54x
Cash alone does not cover current liabilities.
- Formula
- cash_and_equivalent / current_liabilities
- Input
- cash_and_equivalent=45,570,000,000; current_liabilities=134,640,000,000
- Calculation
- 45,570,000,000 / 134,640,000,000 = 0.3384581105176767
- Value
- 0.34x
Debt is meaningful relative to equity.
- Formula
- debt / equity_capital_and_reserves
- Input
- debt=84,710,000,000; equity_capital_and_reserves=106,490,000,000
- Calculation
- 84,710,000,000 / 106,490,000,000 = 0.7954737534040755
- Value
- 0.80x
Debt is moderate relative to total assets.
- Formula
- debt / assets * 100
- Input
- debt=84,710,000,000; assets=371,080,000,000
- Calculation
- 84,710,000,000 / 371,080,000,000 * 100 = 22.82828500592864
- Value
- 22.83%
Apple has extremely strong ability to service interest expense from EBIT.
- Formula
- ebit / interest_expense_on_debt
- Input
- ebit=35,890,000,000; interest_expense_on_debt=377,000,000
- Calculation
- 35,890,000,000 / 377,000,000 = 95.19893899204244
- Value
- 95.20x
Data gaps 6 Open gaps
PE does not align with stock price divided by EPS.
If EPS is directly comparable with stock price, price/EPS should be close to PE. A large mismatch may mean period mismatch, TTM vs quarterly data, or extraction inconsistency. IMPORTANT WARNINGMarket capitalization appears scale-inconsistent.
market cap 449.0 is less than 5% of assets 371080000000.0 market cap 449.0 is less than 5% of sales 111200000000.0 raw value looks unscaled, e.g. 'USD 455' with no B/M suffix IMPORTANT WARNINGDividend yield has ambiguous unit/format.
Yield may be a percent, fraction, or display value; without explicit unit it should not drive the thesis. USE WITH CAUTIONPE does not align with stock price divided by EPS.
If EPS is directly comparable with stock price, price divided by EPS should be close to PE. The large mismatch suggests period mismatch or extraction inconsistency. IMPORTANT WARNINGMarket capitalization appears scale-inconsistent.
The market capitalization value appears unscaled relative to assets and sales and cannot support valuation analysis. IMPORTANT WARNINGDividend yield has ambiguous unit/format.
The yield may be a percent, fraction, or display value; without explicit unit it should not drive the thesis. USE WITH CAUTIONApple's trusted financials support a moderately bullish fundamental view. Profitability is strong across gross, operating, net, and EBITDA margins, and interest coverage is exceptionally high. The main offsets are a negative net cash position, only partial cash coverage of debt, and liquidity that is adequate but not deeply conservative.
Stock supportive evidence 5 Open evidence
Apple generates a high gross margin from revenue.
Nearly half of revenue remains after cost of sales, indicating strong core product-level profitability in the provided snapshot.Apple converts revenue into operating profit at a strong rate.
A 32.28% operating margin indicates substantial operating profitability after expenses.Apple retains a large share of revenue as net income.
Net income equal to 26.60% of revenue is a strong earnings outcome on the provided figures.Apple has extremely strong ability to service interest expense from EBIT.
This is a major balance-sheet support because financing costs appear very manageable relative to operating earnings.Short-term liquidity is adequate but not abundant.
A current ratio just above 1 suggests the company can cover short-term obligations, though with limited excess cushion.Stock caution evidence 4 Open caution
Apple is not in a net cash position on the provided figures.
The company carries more debt than cash, which tempers the otherwise strong operating profile.Cash covers only part of total debt.
The company holds meaningful cash, but it is only about 54% of total debt on the provided figures.Cash alone does not cover current liabilities.
This indicates reliance on broader current assets and ongoing cash generation rather than cash alone for short-term obligations.Debt is meaningful relative to equity.
Leverage is material but not extreme on the provided balance sheet.