Applied Digital annual debt-to-assets ratio
2022
2023
2024
2025
2026
Applied Digital Debt-to-Assets Ratio Growth & History (APLD)
Applied Digital's debt-to-assets ratio was 0.01 for fiscal 2026.
View full Applied Digital company overviewApplied Digital annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-05-31 | 0.01 | 0.00 | +58.62% |
| 2025 | 2025-05-31 | 0.01 | −0.39 | −98.01% |
| 2024 | 2024-05-31 | 0.40 | 0.34 | +580.31% |
| 2023 | 2023-05-31 | 0.06 | −0.05 | −48.23% |
| 2022 | 2022-05-31 | 0.11 | — | — |
Applied Digital quarterly debt-to-assets ratio
Q3.22
Q4.22
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-05-31 | 0.01 | 0.00 | +58.62% |
| Q3 2026 | 2026-02-28 | 0.02 | −0.16 | −87.90% |
| Q2 2026 | 2025-11-30 | 0.00 | −0.21 | −99.81% |
| Q1 2026 | 2025-08-31 | 0.01 | −0.30 | −98.22% |
| Q4 2025 | 2025-05-31 | 0.01 | −0.39 | −98.01% |
| Q3 2025 | 2025-02-28 | 0.18 | −0.18 | −50.66% |
| Q2 2025 | 2024-11-30 | 0.21 | −0.09 | −29.23% |
| Q1 2025 | 2024-08-31 | 0.30 | 0.13 | +75.34% |
| Q4 2024 | 2024-05-31 | 0.40 | 0.34 | +580.31% |
| Q3 2024 | 2024-02-29 | 0.36 | — | — |
| Q2 2024 | 2023-11-30 | 0.29 | — | — |
| Q1 2024 | 2023-08-31 | 0.17 | — | — |
| Q4 2023 | 2023-05-31 | 0.06 | −0.05 | −48.23% |
| Q4 2022 | 2022-05-31 | 0.11 | — | — |
| Q3 2022 | 2022-02-28 | 0.02 | — | — |
Applied Digital debt-to-assets ratio trends
Between the periods ended 2022-05-31 and 2026-05-31, Applied Digital's debt-to-assets ratio decreased from 0.11 to 0.01, a change of −0.10. The latest reported quarter, Q4 2026, shows 0.01.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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