Debt-to-equity of Applied Digital Corp. from 30 Nov 2022 to 30 Nov 2025

Taxonomy & unit
ratio: x
Description
Debt-to-equity (D/E) ratio is used to evaluate a company's financial leverage and is calculated by dividing a company's debt by its shareholder equity.
Summary
Applied Digital Corp. quarterly Debt-to-equity in x history and change rate from 30 Nov 2022 to 30 Nov 2025.
  • Applied Digital Corp. Debt-to-equity for the quarter ending 30 Nov 2025 was 2x, a 36% decline year-over-year.
Debt-to-equity, Quarterly (x)
Debt-to-equity, YoY Quarterly Change (%)

Applied Digital Corp. Quarterly Debt-to-equity (x)

Period Value YoY Chg Change % Date
Q4 2025 2x -1.1x -36% 30 Nov 2025
Q3 2025 1.97x -1.35x -41% 31 Aug 2025
Q2 2025 2.54x -0.7x -22% 31 May 2025
Q1 2025 2.82x +0.08x +2.9% 28 Feb 2025
Q4 2024 3.11x +0.94x +43% 30 Nov 2024
Q3 2024 3.32x +1.25x +60% 31 Aug 2024
Q2 2024 3.24x +1.28x +65% 31 May 2024
Q1 2024 2.74x +1.45x +113% 29 Feb 2024
Q4 2023 2.17x +1x +85% 30 Nov 2023
Q3 2023 2.08x 31 Aug 2023
Q2 2023 1.96x 31 May 2023
Q1 2023 1.29x 28 Feb 2023
Q4 2022 1.17x 30 Nov 2022
* An asterisk sign (*) next to the value indicates that the value is likely invalid.