Applied Digital (Applied Digital) Cash-to-Debt : 0.02 (As of Feb. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Applied Digital Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Applied Digital's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Applied Digital couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

The historical rank and industry rank for Applied Digital's Cash-to-Debt or its related term are showing as below:

APLD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 1.08 Max: 22.87
Current: 0.02

During the past 11 years, Applied Digital's highest Cash to Debt Ratio was 22.87. The lowest was 0.02. And the median was 1.08.

APLD's Cash-to-Debt is ranked worse than
97.08% of 788 companies
in the Capital Markets industry
Industry Median: 1.9 vs APLD: 0.02

Applied Digital Cash-to-Debt Historical Data

The historical data trend for Applied Digital's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Applied Digital Cash-to-Debt Chart

Applied Digital Annual Data

Trend

May03

May04

May05

May06

May07

May08

May20

May21

May22

May23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

5.50

2.87

0.32

Applied Digital Quarterly Data
	May08	Aug08	Nov08	Feb09	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.63	0.32	0.06	0.05	0.02

Competitive Comparison of Applied Digital's Cash-to-Debt

For the Capital Markets subindustry, Applied Digital's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Applied Digital's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Applied Digital's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Applied Digital's Cash-to-Debt falls into.

Applied Digital Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Applied Digital's Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	28.999	/	(13.992	+	77.818)
	=	0.32

Applied Digital's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4.435	/	(118.79	+	175.52)
	=	0.02

Applied Digital (NAS:APLD) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Applied Digital Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Applied Digital's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Applied Digital (Applied Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Applied Digital Corp (NAS:APLD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Turtle Creek Boulevard, Suite 2100, Dallas, TX, USA, 75219

Website

https://www.applieddigital.com

Applied Digital Corp designs, develops and operates next-generation datacenters across North America to provide digital infrastructure solutions to the rapidly growing high performance computing industry.

Executives

Virginia Moore	director	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN,INC., DALLAS TX 75219
Richard N Nottenburg	director	1303 EAST ALGONQUIN ROAD, SCHAUMBURG IL 60196
Michael Maniscalco	officer: Chief Technology Officer	3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS TX 75219
Wes Cummins	director, 10 percent owner, officer: CEO & Chairman	4505 LORRAINE AVE, DALLAS TX 75205
David Rench	officer: Chief Financial Officer	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219
Regina Ingel	officer: EVP - Operations	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219
Chuck Hastings	director	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219
Douglas S Miller	director	C/O TELENAV, INC., 4655 GREAT AMERICA PK, SUITE 300, SANTA CLARA CA 95054
Jason Zhang	director	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219
Kelli Mcdonald	director	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219
Richard S Rosenfeld	officer: CFO	105 STONEBRIDGE ROAD, MONTCLAIR NJ 07042
James A Schwartz	director	28 COTTRELL STREET, MYSTIC CT 06355
Riley Investment Partners Master Fund, L.p.	10 percent owner	11100 SANTA MONICA BOULEVARD, SUITE 810, LOS ANGELES CA 90025
Riley Investment Management Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 810, LOS ANGELES CA 90025
Frank L Rees	director, officer: Executive Vice-President