Applied Optoelectronics annual debt-to-equity ratio
2013
2014
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2016
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2020
2021
2022
2023
2024
2025
Applied Optoelectronics Debt-to-Equity Ratio Growth & History (AAOI)
Applied Optoelectronics's debt-to-equity ratio was 0.12 for fiscal 2025.
View full Applied Optoelectronics company overviewApplied Optoelectronics annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.12 | −0.03 | −19.18% |
| 2024 | 2024-12-31 | 0.14 | 0.01 | +5.78% |
| 2023 | 2023-12-31 | 0.14 | −0.21 | −60.76% |
| 2022 | 2022-12-31 | 0.34 | 0.10 | +39.30% |
| 2021 | 2021-12-31 | 0.25 | 0.03 | +12.40% |
| 2020 | 2020-12-31 | 0.22 | 0.00 | +2.23% |
| 2019 | 2019-12-31 | 0.22 | −0.07 | −24.75% |
| 2018 | 2018-12-31 | 0.29 | 0.14 | +92.67% |
| 2017 | 2017-12-31 | 0.15 | −0.04 | −21.10% |
| 2016 | 2016-12-31 | 0.19 | −0.20 | −52.00% |
| 2015 | 2015-12-31 | 0.39 | 0.17 | +72.87% |
| 2014 | 2014-12-31 | 0.23 | −0.19 | −45.16% |
| 2013 | 2013-12-31 | 0.41 | — | — |
Applied Optoelectronics quarterly debt-to-equity ratio
Q4.13
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
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Q4.15
Q1.16
Q2.16
Q3.16
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Q1.17
Q2.17
Q3.17
Q4.17
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Q3.18
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Q1.19
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Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.08 | −0.02 | −22.71% |
| Q1 2026 | 2026-03-31 | 0.10 | 0.00 | +0.28% |
| Q4 2025 | 2025-12-31 | 0.12 | −0.03 | −19.18% |
| Q3 2025 | 2025-09-30 | 0.13 | −0.03 | −21.55% |
| Q2 2025 | 2025-06-30 | 0.11 | −0.04 | −27.93% |
| Q1 2025 | 2025-03-31 | 0.10 | −0.06 | −36.56% |
| Q4 2024 | 2024-12-31 | 0.14 | 0.01 | +5.78% |
| Q3 2024 | 2024-09-30 | 0.16 | −0.05 | −22.39% |
| Q2 2024 | 2024-06-30 | 0.15 | −0.12 | −44.68% |
| Q1 2024 | 2024-03-31 | 0.16 | −0.17 | −50.72% |
| Q4 2023 | 2023-12-31 | 0.14 | −0.21 | −60.76% |
| Q3 2023 | 2023-09-30 | 0.21 | −0.08 | −28.60% |
| Q2 2023 | 2023-06-30 | 0.27 | −0.01 | −3.79% |
| Q1 2023 | 2023-03-31 | 0.33 | 0.06 | +22.58% |
| Q4 2022 | 2022-12-31 | 0.34 | 0.10 | +39.30% |
| Q3 2022 | 2022-09-30 | 0.29 | 0.03 | +11.64% |
| Q2 2022 | 2022-06-30 | 0.28 | 0.02 | +9.76% |
| Q1 2022 | 2022-03-31 | 0.27 | 0.01 | +2.97% |
| Q4 2021 | 2021-12-31 | 0.25 | 0.03 | +12.40% |
| Q3 2021 | 2021-09-30 | 0.26 | 0.01 | +2.11% |
| Q2 2021 | 2021-06-30 | 0.25 | −0.01 | −2.42% |
| Q1 2021 | 2021-03-31 | 0.26 | 0.02 | +8.67% |
| Q4 2020 | 2020-12-31 | 0.22 | 0.00 | +2.23% |
| Q3 2020 | 2020-09-30 | 0.26 | 0.07 | +35.75% |
| Q2 2020 | 2020-06-30 | 0.26 | 0.07 | +37.33% |
| Q1 2020 | 2020-03-31 | 0.24 | 0.10 | +73.35% |
| Q4 2019 | 2019-12-31 | 0.22 | −0.07 | −24.75% |
| Q3 2019 | 2019-09-30 | 0.19 | −0.02 | −11.02% |
| Q2 2019 | 2019-06-30 | 0.19 | 0.01 | +5.78% |
| Q1 2019 | 2019-03-31 | 0.14 | −0.05 | −26.42% |
| Q4 2018 | 2018-12-31 | 0.29 | 0.14 | +92.67% |
| Q3 2018 | 2018-09-30 | 0.21 | 0.09 | +67.84% |
| Q2 2018 | 2018-06-30 | 0.18 | 0.09 | +100.15% |
| Q1 2018 | 2018-03-31 | 0.19 | 0.09 | +83.57% |
| Q4 2017 | 2017-12-31 | 0.15 | −0.04 | −21.10% |
| Q3 2017 | 2017-09-30 | 0.13 | −0.37 | −74.32% |
| Q2 2017 | 2017-06-30 | 0.09 | −0.42 | −82.47% |
| Q1 2017 | 2017-03-31 | 0.10 | −0.46 | −81.59% |
| Q4 2016 | 2016-12-31 | 0.19 | −0.20 | −52.00% |
| Q3 2016 | 2016-09-30 | 0.49 | 0.19 | +62.85% |
| Q2 2016 | 2016-06-30 | 0.51 | 0.01 | +2.14% |
| Q1 2016 | 2016-03-31 | 0.56 | 0.24 | +72.10% |
| Q4 2015 | 2015-12-31 | 0.39 | 0.17 | +72.87% |
| Q3 2015 | 2015-09-30 | 0.30 | 0.10 | +47.04% |
| Q2 2015 | 2015-06-30 | 0.50 | 0.41 | +476.98% |
| Q1 2015 | 2015-03-31 | 0.33 | — | — |
| Q4 2014 | 2014-12-31 | 0.23 | −0.19 | −45.16% |
| Q3 2014 | 2014-09-30 | 0.21 | — | — |
| Q2 2014 | 2014-06-30 | 0.09 | — | — |
| Q4 2013 | 2013-12-31 | 0.41 | — | — |
Applied Optoelectronics debt-to-equity ratio trends
Over the last five fiscal years, Applied Optoelectronics's debt-to-equity ratio decreased from 0.22 to 0.12, a change of −0.10. The latest reported quarter, Q2 2026, shows 0.08.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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