Applied Digital (APLD) Debt Ratio (2022 - 2026)
Applied Digital's (APLD) quarterly Debt Ratio came in at 0.5 in Q2 2026, up 37.81% YoY from 0.36 in Q2 2025, and up 20.26% on a QoQ basis from 0.42 in Q1 2026.
Applied Digital (APLD) Debt Ratio (2022 - 2026) Analysis & Trends
Applied Digital (APLD) has 5 years of Debt Ratio data on file, last reported at 0.5 in Q2 2026.
- Quarterly Debt Ratio rose 37.81% year-over-year to 0.5 in Q2 2026, while the trailing twelve-month figure through May 2026 was 0.5 (up 37.81% YoY) and the FY2026 annual result came in at 0.5, up 37.81% from the prior year.
- Debt Ratio climbed to 0.5 in Q2 2026, from 0.42 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.5 in Q2 2026 to a low of 0.04 in Q1 2024.
- A 5-year average of 0.2 and a median of 0.11 in 2024 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2024 — Debt Ratio sank 57.48% — and 2025, when it surged 929.5%.
- Tracing APLD's Debt Ratio over 5 years: stood at 0.1 in 2022, then fell by 28.73% to 0.07 in 2023, then soared by 335.34% to 0.3 in 2024, then soared by 63.48% to 0.5 in 2025, then gained by 0.69% to 0.5 in 2026.
- The last three Debt Ratio figures came in at 0.5 (Q2 2026), 0.42 (Q1 2026), and 0.5 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | 0.41 |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 0.07 |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | - |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | 0.71 |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 0.07 |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 0.48 |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | 0.36 |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | 0.13 |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | 0.39 |
| 10 | Applied Digital | 7.53 Bn | 3.55 Bn | 97.29 Mn | 0.50 |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 0.50 |
| Feb 28, 2026 | 0.42 |
| Nov 30, 2025 | 0.50 |
| Aug 31, 2025 | 0.13 |
| May 31, 2025 | 0.36 |
| Feb 28, 2025 | 0.40 |
| Nov 30, 2024 | 0.30 |
| Aug 31, 2024 | 0.11 |
| May 31, 2024 | 0.10 |
| Feb 29, 2024 | 0.04 |
| Nov 30, 2023 | 0.07 |
| Aug 31, 2023 | 0.10 |
| May 31, 2023 | 0.13 |
| Feb 28, 2023 | 0.09 |
| Nov 30, 2022 | 0.10 |
| Aug 31, 2022 | 0.08 |
| May 31, 2022 | 0.05 |