Applied Digital Corp. Annual Interest Expense in USD from 2020 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
Applied Digital Corp. quarterly/annual Interest Expense history and growth rate from 2020 to 2023.
  • Applied Digital Corp. Interest Expense for the quarter ending May 31, 2024 was $18M, a 1882% increase year-over-year.
  • Applied Digital Corp. Interest Expense for the twelve months ending May 31, 2024 was $26.8M, a 1255% increase year-over-year.
  • Applied Digital Corp. annual Interest Expense for 2023 was $26.8M, a 1255% increase from 2022.
  • Applied Digital Corp. annual Interest Expense for 2022 was $1.98M, a 1668% increase from 2021.
  • Applied Digital Corp. annual Interest Expense for 2021 was $112K, a 52.5% decline from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $26.8M +$24.9M +1255% Jun 1, 2023 May 31, 2024 10-K 2024-08-30
2022 $1.98M +$1.87M +1668% Jun 1, 2022 May 31, 2023 10-K 2024-08-30
2021 $112K -$124K -52.5% Jun 1, 2021 May 31, 2022 10-K 2023-08-02
2020 $236K Jun 1, 2020 May 31, 2021 10-K 2022-08-29
* An asterisk sign (*) next to the value indicates that the value is likely invalid.