Array Digital Infrastructure (AD) Debt Ratio (2009 - 2026)
Array Digital Infrastructure's (AD) Debt Ratio stood at 0.20 in Q2 2026, down 27.0% from 0.27 a year earlier but up 17.6% from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Array Digital Infrastructure's Debt Ratio came in at 0.14, up 23.1% from FY2024.
- Across earlier years, Debt Ratio came in at 0.12 in FY2024 (-58.9%), 0.29 in FY2023 (-1.0%), 0.29 in FY2022 (+9.0%) and 0.26 in FY2021 (+2.6%).
- Quarterly Debt Ratio has ranged from 0.12 in Q4 2024 to 0.30 in Q1 2023 over the past five years.
- On a year-over-year basis, Debt Ratio rose in three of the last eight quarters, with an average decline of 19.1%.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 23.1% in Q4 2025, against a decline of 58.9% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.17 (Q1 2026), 0.14 (Q4 2025) and 0.14 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 0.59 |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 0.29 |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 0.85 |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 1.08 |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 0.50 |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 0.48 |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 0.20 |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 0.71 |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | 0.29 |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 1.36 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.20 |
| Mar 31, 2026 | 0.17 |
| Dec 31, 2025 | 0.14 |
| Sep 30, 2025 | 0.14 |
| Jun 30, 2025 | 0.27 |
| Mar 31, 2025 | 0.28 |
| Dec 31, 2024 | 0.12 |
| Sep 30, 2024 | 0.28 |
| Jun 30, 2024 | 0.27 |
| Mar 31, 2024 | 0.28 |
| Dec 31, 2023 | 0.29 |
| Sep 30, 2023 | 0.27 |
| Jun 30, 2023 | 0.29 |
| Mar 31, 2023 | 0.30 |
| Dec 31, 2022 | 0.29 |
| Sep 30, 2022 | 0.28 |
| Jun 30, 2022 | 0.28 |
| Mar 31, 2022 | 0.30 |
| Dec 31, 2021 | 0.26 |
| Sep 30, 2021 | 0.26 |
API Access
Array Digital Infrastructure 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=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "AD", "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=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();