"Apple (AAPL)'s the Best Balance Sheet I've Ever Seen," Says Jim Cramer

We recently published 16 Latest Stocks on Jim Cramer’s Radar. Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer's radar.

Cramer frequently discussed consumer electronics giant Apple Inc. (NASDAQ:AAPL) after the firm’s iPhone launch in September. He praised the firm’s new phones and added that carrier plans would allow consumers to afford them. Cramer has also frequently discussed Apple Inc. (NASDAQ:AAPL)’s deal with Google, along with commenting on the firm’s user base and the potential for AI chatbots. After recent reports suggested that Google and the firm were nearing a deal for Gemini, Cramer called the potential outcome “terrific.” In this appearance, he discussed the firm’s balance sheet. Apple Inc. (NASDAQ:AAPL)’s latest balance sheet lists its total assets at a whopping $364 billion with a mere $85 billion of long-term debt. Here is what Cramer said:

“Apple’s the best balance sheet I’ve ever seen.”

Cramer was enthusiastic after reports spread of Apple Inc. (NASDAQ:AAPL) and Google’s Gemini deal:

“This Apple, Google deal’s gonna happen. The billion dollar deal, and it’s really funny because how many people felt that Siri was way behind, way behind. Well you know they advanced that, that just gets taken off the table if that’s the case. Now the stock is down, I don’t know, people feel that maybe this is, that Google should be paying them. But this is a terrific deal and I think that the age of Siri being impersonal and, sorry, not really getting the message is over. This will be terrific. I still think that Gemini comes in and they just become the native form of this. I love this combination and I think that people have to stop complaining about Apple being behind. They’ll be fine. I think it’s so exciting. I think Apple, the price-to-earnings multiple is too low.”

While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.