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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

AppLovin (APP) Debt to Equity (2020 - 2025)

AppLovin (APP) has disclosed Debt to Equity for 6 consecutive years, with $1.65 as the latest value for Q4 2025.

  • On a quarterly basis, Debt to Equity fell 48.89% to $1.65 in Q4 2025 year-over-year; TTM through Dec 2025 was $1.65, a 48.89% decrease, with the full-year FY2025 number at $1.65, down 48.89% from a year prior.
  • Debt to Equity was $1.65 for Q4 2025 at AppLovin, down from $2.38 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $6.45 in Q1 2025 to a low of -$16.59 in Q1 2021.
  • A 5-year average of $1.59 and a median of $1.91 in 2022 define the central range for Debt to Equity.
  • Peak YoY movement for Debt to Equity: surged 174.64% in 2024, then plummeted 48.89% in 2025.
  • AppLovin's Debt to Equity stood at $1.51 in 2021, then rose by 11.82% to $1.69 in 2022, then skyrocketed by 47.16% to $2.48 in 2023, then increased by 29.61% to $3.22 in 2024, then tumbled by 48.89% to $1.65 in 2025.
  • Per Business Quant, the three most recent readings for APP's Debt to Equity are $1.65 (Q4 2025), $2.38 (Q3 2025), and $3.01 (Q2 2025).