Apollo Commercial Real Estate Finance annual debt-to-equity ratio
2012
2022
2023
2024
2025
Apollo Commercial Real Estate Finance Debt-to-Equity Ratio Growth & History (ARI)
Apollo Commercial Real Estate Finance's debt-to-equity ratio was 4.27 for fiscal 2025.
View full Apollo Commercial Real Estate Finance company overviewApollo Commercial Real Estate Finance annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 4.27 | 0.86 | +25.14% |
| 2024 | 2024-12-31 | 3.41 | 0.26 | +8.27% |
| 2023 | 2023-12-31 | 3.15 | 0.19 | +6.36% |
| 2022 | 2022-12-31 | 2.96 | — | — |
| 2012 | 2012-12-31 | 0.41 | — | — |
Apollo Commercial Real Estate Finance quarterly debt-to-equity ratio
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q1.21
Q2.21
Q3.21
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.30 | −3.94 | −93.01% |
| Q1 2026 | 2026-03-31 | 4.50 | 0.84 | +22.93% |
| Q4 2025 | 2025-12-31 | 4.27 | — | — |
| Q3 2025 | 2025-09-30 | 4.04 | — | — |
| Q2 2025 | 2025-06-30 | 4.23 | — | — |
| Q1 2025 | 2025-03-31 | 3.66 | — | — |
| Q3 2021 | 2021-09-30 | 0.34 | — | — |
| Q2 2021 | 2021-06-30 | 0.34 | — | — |
| Q1 2021 | 2021-03-31 | 0.34 | — | — |
| Q3 2013 | 2013-09-30 | 0.33 | −0.24 | −41.48% |
| Q2 2013 | 2013-06-30 | 0.28 | −0.75 | −72.86% |
| Q1 2013 | 2013-03-31 | 0.31 | — | — |
| Q4 2012 | 2012-12-31 | 0.41 | — | — |
| Q3 2012 | 2012-09-30 | 0.57 | — | — |
| Q2 2012 | 2012-06-30 | 1.03 | — | — |
Apollo Commercial Real Estate Finance debt-to-equity ratio trends
Between the periods ended 2012-12-31 and 2025-12-31, Apollo Commercial Real Estate Finance's debt-to-equity ratio increased from 0.41 to 4.27, a change of 3.85. The latest reported quarter, Q2 2026, shows 0.30.
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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