Applied Digital APLD
NASDAQ APLD
$24.41 +0.99 (+4.23%)
As of: Sep 16, 2026 · 3:59 PM EDT

Applied Digital (APLD) Debt Ratio (2021 - 2026)

Applied Digital's (APLD) quarterly Debt Ratio came in at 0.5 in Q2 2026, up 36.19% on a YoY basis from 0.37 in Q2 2025, and up 16.26% quarter-over-quarter from 0.43 in Q1 2026.

Analysis

Applied Digital (APLD) Debt Ratio (2021 - 2026) Analysis & Trends

Applied Digital (APLD) has reported Debt Ratio for 6 consecutive years, with 0.5 the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Debt Ratio rose 36.19% year-over-year to 0.5; the trailing twelve-month figure through May 2026 stood at 0.5 (up 36.19% YoY), and the FY2026 full-year result was 0.5, up 36.19% from the prior year.
  • Debt Ratio advanced to 0.5 in Q2 2026 per APLD's latest filing, from 0.43 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.5 in Q2 2026 and bottomed at 0.06 in Q2 2022.
  • Historically, Debt Ratio has averaged 0.23 across 5 years, with a median of 0.15 in 2024.
  • The sharpest annual moves came in 2022 and 2025: Debt Ratio slumped 57.52% in 2022, then surged 487.67% in 2025.
  • Over 5 years, Debt Ratio stood at 0.12 in 2022, then decreased by 27.3% to 0.09 in 2023, then jumped by 245.68% to 0.31 in 2024, then jumped by 62.01% to 0.5 in 2025, then increased by 0.54% to 0.5 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.5, 0.43, and 0.5 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 0.48
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn 0.52
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn 0.75
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn 0.50
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn 0.32
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn 1.16
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn 10.14
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn -
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn 0.07
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn 1.89
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 0.50
Feb 28, 2026 0.43
Nov 30, 2025 0.50
Aug 31, 2025 0.29
May 31, 2025 0.37
Feb 28, 2025 0.40
Nov 30, 2024 0.31
Aug 31, 2024 0.15
May 31, 2024 0.15
Feb 29, 2024 0.07
Nov 30, 2023 0.09
Aug 31, 2023 0.13
May 31, 2023 0.16
Feb 28, 2023 0.11
Nov 30, 2022 0.12
Aug 31, 2022 0.10
May 31, 2022 0.06
May 31, 2021 0.14