Lender of Trump's $420m: "I want you to do me a favor though..."

[ProfessorGAC]

22. I Know All That

My point was about the lack of a situation where someone is under leveraged.
I used Apple as an example of a company that carried scads of cash and no debt for years.
They acquired debt to supplant cash which they invested externally because rates were so low, and cash was underperforming.
This was not about the details of financial statements. You're hanging onto a detail which is merely tangential to the actual point.
Besides, their equity declaration is an accounting trick. It does not reflect the true equity value, or is even close.
They have 17.01 billion shares outstanding at $119.02 per share. That's not equity of $90 something billion.
For highly successful large companies market cap is 8 to 10 times the shares OS * price. This matches that.