Applied Digital Corporation (APLD) — Financial Flexibility Index

Latest as of February 2026: 0.24x

Applied Digital Corporation (APLD) has a Financial Flexibility Index of 0.24x as of February 2026. Free cash flow of $899.36 Million (operating CF $97.87 Million minus capex $801.49 Million) represents 0% of total liabilities ($3.68 Billion). Check Applied Digital Corporation (APLD) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.24x
Free Cash Flow / Total Liabilities

Free Cash Flow

$899.36 Million
Operating CF − Capex

Total Liabilities

$3.68 Billion
USD

Capital Expenditures

$801.49 Million
USD

Applied Digital Corporation Financial Flexibility Index (2002–2025)

Historical Financial Flexibility Index trend for Applied Digital Corporation across 13 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Applied Digital Corporation.

Annual Financial Flexibility Index for Applied Digital Corporation (2002–2025)

Year-by-year free cash flow to debt coverage for Applied Digital Corporation. Explore how well can Applied Digital Corporation service its debt to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 0.46x $566.20 Million $-115.40 Million $1.24 Billion ▲ +87.8%
2024 0.24x $155.60 Million $13.79 Million $638.04 Million ▼ -75.1%
2023 0.98x $190.01 Million $58.73 Million $194.28 Million ▼ -30.5%
2022 1.41x $57.38 Million $-872.00K $40.74 Million ▲ +671.5%
2021 0.18x $3.22 Million $-83.00K $17.64 Million ▼ -88.6%
2020 1.60x $3.22 Million $-83.00K $2.02 Million ▲ +133.6%
2008 -4.76x $-2.27 Million $-2.34 Million $477.31K ▼ -6.6%
2007 -4.46x $-2.65 Million $-2.73 Million $592.74K ▼ -142.2%
2006 -1.84x $-1.53 Million $-1.66 Million $831.97K ▼ -9.5%
2005 -1.68x $-1.30 Million $-1.40 Million $769.65K ▼ -601.8%
2004 -0.24x $-181.65K $-406.46K $757.17K ▲ +89.5%
2003 -2.29x $-854.00K $-857.36K $372.49K ▲ +97.8%
2002 -104.04x $-520.21K $-528.17K $5.00K
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities