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

Taxonomy & unit: ratio: %
Description: Debt-to-equity (D/E) ratio is used to evaluate a company's financial leverage and is calculated by dividing a company's total liabilities by its shareholder equity.
Summary: Applied Digital Corp. quarterly Debt-to-equity in % 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 200%, a 36% decline year-over-year.

Debt-to-equity, Quarterly (%)

Debt-to-equity, YoY Quarterly Change (%)

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

Period	Value	YoY Chg	Change %	Date
Q4 2025	200%	-110%	-36%	30 Nov 2025
Q3 2025	197%	-135%	-41%	31 Aug 2025
Q2 2025	254%	-70%	-22%	31 May 2025
Q1 2025	282%	+7.9%	+2.9%	28 Feb 2025
Q4 2024	311%	+94%	+43%	30 Nov 2024
Q3 2024	332%	+125%	+60%	31 Aug 2024
Q2 2024	324%	+128%	+65%	31 May 2024
Q1 2024	274%	+145%	+113%	29 Feb 2024
Q4 2023	217%	+100%	+85%	30 Nov 2023
Q3 2023	208%			31 Aug 2023
Q2 2023	196%			31 May 2023
Q1 2023	129%			28 Feb 2023
Q4 2022	117%			30 Nov 2022

* An asterisk sign (*) next to the value indicates that the value is likely invalid.