Applied Optoelectronics (AAOI) Debt Ratio (2012 - 2026)
Applied Optoelectronics' Debt Ratio came in at 0.02 for Q2 2026, down 10.6% from 0.03 a year earlier and down 5.5% from the prior quarter.
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Analysis
Applied Optoelectronics (AAOI) Debt Ratio (2012 - 2026) Analysis & Trends
For FY2025, Applied Optoelectronics' Debt Ratio was 0.03, down 40.4% from FY2024.
- Debt Ratio has declined in each of the last three years.
- Going back by year, Debt Ratio was 0.05 in FY2024 (-18.2%), 0.06 in FY2023 (-57.4%), 0.14 in FY2022 (+16.2%) and 0.12 in FY2021 (+10.9%).
- The Q2 2026 figure represents the lowest quarterly Debt Ratio in data going back to Q4 2012.
- Year-over-year, Debt Ratio has declined for 11 consecutive quarters, with an average decline of 40.8% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q2 2023 (growth of 81.8%), and the weakest in Q2 2024 (a decline of 71.1%).
- Business Quant data shows AAOI's Debt Ratio at 0.03 (Q1 2026), 0.03 (Q4 2025) and 0.03 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 0.22 |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 0.23 |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 0.27 |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | - |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | - |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 0.36 |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 0.08 |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 0.08 |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 0.22 |
| 10 | Applied Optoelectronics | 8.38 Bn | 7.09 Bn | 53.21 Mn | 0.02 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.02 |
| Mar 31, 2026 | 0.03 |
| Dec 31, 2025 | 0.03 |
| Sep 30, 2025 | 0.03 |
| Jun 30, 2025 | 0.03 |
| Mar 31, 2025 | 0.03 |
| Dec 31, 2024 | 0.05 |
| Sep 30, 2024 | 0.07 |
| Jun 30, 2024 | 0.06 |
| Mar 31, 2024 | 0.07 |
| Dec 31, 2023 | 0.06 |
| Sep 30, 2023 | 0.21 |
| Jun 30, 2023 | 0.22 |
| Mar 31, 2023 | 0.21 |
| Dec 31, 2022 | 0.14 |
| Sep 30, 2022 | 0.12 |
| Jun 30, 2022 | 0.12 |
| Mar 31, 2022 | 0.13 |
| Dec 31, 2021 | 0.12 |
| Sep 30, 2021 | 0.13 |
API Access
Applied Optoelectronics Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=AAOI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "AAOI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=AAOI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();