Applied Digital (APLD) Debt Ratio (2022 - 2026)

Applied Digital's Debt Ratio history runs 5 years deep, the most recent figure standing at 0.42 for Q1 2026.

• Quarterly Debt Ratio rose 4.44% year-over-year to 0.42 in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 0.42 (up 4.44% YoY) and the FY2025 annual result came in at 0.36, up 247.93% from the prior year.
• Debt Ratio was 0.42 for Q1 2026 at Applied Digital, down from 0.5 in the prior quarter.
• Across five years, Debt Ratio topped out at 0.5 in Q4 2025 and bottomed at 0.03 in Q1 2024.
• A 5-year average of 0.19 and a median of 0.12 in 2023 frame the typical range for Debt Ratio.
• Annual changes were most pronounced in 2024 — Debt Ratio tumbled 69.86% — and 2025, when it jumped 1352.3%.
• Applied Digital's Debt Ratio stood at 0.1 in 2022, then increased by 28.69% to 0.13 in 2023, then surged by 141.08% to 0.3 in 2024, then surged by 63.48% to 0.5 in 2025, then fell by 16.27% to 0.42 in 2026.
• Business Quant data shows APLD's Debt Ratio at 0.42 in Q1 2026, 0.5 in Q4 2025, and 0.13 in Q3 2025.