Applied Digital Corporation (APLD) — Working Capital to Net Assets Ratio
Applied Digital Corporation (APLD) has a Working Capital to Net Assets ratio of 54.9% as of February 2026. Working capital of $1.41 Billion (current assets of $2.43 Billion minus current liabilities of $1.02 Billion) is measured against net assets of $2.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Applied Digital Corporation (APLD) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Applied Digital Corporation Working Capital to Net Assets (2002–2025)
This chart shows how Applied Digital Corporation's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2002 to 2025. As of February 2026, the ratio stands at 54.9%, reflecting working capital of $1.41 Billion against net assets of $2.57 Billion USD. For the complete balance sheet picture, see APLD current and non-current assets.
Annual Working Capital to Net Assets for Applied Digital Corporation (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Applied Digital Corporation from 2002 to 2025, covering 13 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check APLD financial resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -20.1% | $-127.55 Million | $633.73 Million | $430.59 Million | $558.14 Million | ▲ +100.0 pp |
| 2024 | -120.1% | $-149.97 Million | $124.83 Million | $404.14 Million | $554.11 Million | ▼ -20.1 pp |
| 2023 | -100.0% | $-69.70 Million | $69.68 Million | $45.76 Million | $115.46 Million | ▼ -114.4 pp |
| 2022 | 14.3% | $11.36 Million | $79.23 Million | $40.36 Million | $29.00 Million | ▲ +372.5 pp |
| 2021 | -358.1% | $9.25 Million | $-2.58 Million | $11.75 Million | $2.50 Million | ▼ -372.3 pp |
| 2020 | 14.2% | $623.57K | $4.39 Million | $2.64 Million | $2.02 Million | ▼ -68.3 pp |
| 2008 | 82.6% | $650.49K | $787.96K | $1.13 Million | $477.31K | ▼ -5.5 pp |
| 2007 | 88.1% | $3.19 Million | $3.63 Million | $3.79 Million | $592.74K | ▼ -3.9 pp |
| 2006 | 92.0% | $5.82 Million | $6.33 Million | $6.65 Million | $831.97K | ▲ +6.4 pp |
| 2005 | 85.5% | $7.19 Million | $8.41 Million | $7.96 Million | $769.65K | ▼ -5.4 pp |
| 2004 | 90.9% | $9.05 Million | $9.96 Million | $9.81 Million | $757.17K | ▲ +12.0 pp |
| 2003 | 78.8% | $904.63K | $1.15 Million | $1.28 Million | $372.49K | ▼ -21.2 pp |
| 2002 | 100.0% | $-2.53K | $-2.53K | $2.47K | $5.00K | — |