Applied Digital (APLD) Interest Coverage Ratio (2021 - 2026)
Applied Digital's (APLD) quarterly Interest Coverage Ratio came in at 11.74 in Q2 2026, down 124.98% on a YoY basis from 47.0 in Q2 2025, and down 132.71% quarter-over-quarter from 35.89 in Q1 2026.
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Applied Digital (APLD) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Interest Coverage Ratio for 6 consecutive years, with 11.74 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio fell 124.98% year-over-year to 11.74; the trailing twelve-month figure through May 2026 stood at 11.14 (down 412.0% YoY), and the FY2026 full-year result was 8.01, down 256.74% from the prior year.
- Interest Coverage Ratio fell to 11.74 in Q2 2026 per APLD's latest filing, from 35.89 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 35.89 in Q1 2026 and bottomed at 73.35 in Q4 2022.
- Historically, Interest Coverage Ratio has averaged 9.14 across 5 years, with a median of 5.22 in 2025.
- The sharpest annual moves came in 2025 and 2026: Interest Coverage Ratio tumbled 240.15% in 2025, then soared 1785.61% in 2026.
- Over 5 years, Interest Coverage Ratio stood at 73.35 in 2022, then jumped by 95.88% to 3.02 in 2023, then tumbled by 44.6% to 4.37 in 2024, then jumped by 38.34% to 2.7 in 2025, then plunged by 335.47% to 11.74 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 11.74, 35.89, and 2.7 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 4.40 |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | -2.49 |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | -1.18 |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | -11.74 |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 1.20 |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | - |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 1.12 |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | 1.09 |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | -2.02 |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -11.74 |
| Feb 28, 2026 | 35.89 |
| Nov 30, 2025 | -2.70 |
| Aug 31, 2025 | -5.65 |
| May 31, 2025 | -5.22 |
| Feb 28, 2025 | -2.13 |
| Nov 30, 2024 | -4.37 |
| Aug 31, 2024 | 8.55 |
| May 31, 2024 | -1.53 |
| Feb 29, 2024 | -11.63 |
| Nov 30, 2023 | -3.02 |
| Aug 31, 2023 | -3.45 |
| May 31, 2023 | -5.33 |
| Feb 28, 2023 | -19.86 |
| Nov 30, 2022 | -73.35 |
| Aug 31, 2022 | -11.73 |
| May 31, 2022 | -38.09 |
| May 31, 2021 | -25.54 |