AppLovin Balance Sheet Health
Financial Health criteria checks 4/6
AppLovin has a total shareholder equity of $1.2B and total debt of $3.5B, which brings its debt-to-equity ratio to 300.8%. Its total assets and total liabilities are $6.0B and $4.8B respectively. AppLovin's EBIT is $2.9B making its interest coverage ratio 10.7. It has cash and short-term investments of $1.2B.
Key information
300.82%
Debt to equity ratio
US$3.51b
Debt
| Interest coverage ratio | 10.7x |
| Cash | US$1.19b |
| Equity | US$1.17b |
| Total liabilities | US$4.79b |
| Total assets | US$5.96b |
Recent financial health updates
Recent updates
AppLovin: Self-Serve Tool As A New Supercharger
Oct 13Investors Appear Satisfied With AppLovin Corporation's (NASDAQ:APP) Prospects As Shares Rocket 32%
Sep 05
It's Time To Start Loving AppLovin Shares Again!
Apr 23What You Can Learn From AppLovin Corporation's (NASDAQ:APP) P/E After Its 25% Share Price Crash
Apr 17AppLovin: A High-Growth Play In A Trillion-Dollar Market
Mar 28AppLovin: Misplaced Priorities And Wild Overvaluation
Mar 21AppLovin's Stock Can't Outrun The Broader Selloff - Rating Downgraded
Mar 14AppLovin's (NASDAQ:APP) Solid Earnings Are Supported By Other Strong Factors
Mar 07AppLovin: Most Of The Gains Have Already Been Made
Mar 06AppLovin Corporation Just Recorded A 11% EPS Beat: Here's What Analysts Are Forecasting Next
Mar 03AppLovin: This Correction Is An Opportunity
Feb 27AppLovin Stock: Let It Drop Further Before Stepping In
Feb 21There's Reason For Concern Over AppLovin Corporation's (NASDAQ:APP) Massive 47% Price Jump
Feb 14AppLovin: Flashy Q4 Earnings Result Does Not Mean Durability
Feb 13With EPS Growth And More, AppLovin (NASDAQ:APP) Makes An Interesting Case
Feb 07AppLovin: Don't Be Greedy Ahead Of Q4 Earnings Release
Feb 03AppLovin's Ad Dominance Is Here To Stay
Jan 15Calculating The Fair Value Of AppLovin Corporation (NASDAQ:APP)
Jan 13AppLovin Stock: 2025 Should Be Different From 2024
Jan 04AppLovin: Don't Chase Overpriced Stocks - Buying Momentum Bound To Wane
Dec 15These 4 Measures Indicate That AppLovin (NASDAQ:APP) Is Using Debt Safely
Dec 14AppLovin: Early Ecommerce Feedback Is Positive, But Expectations Are Enormous
Dec 03AppLovin Stock: Time To Trim
Nov 26AppLovin: Overbought And Overvalued
Nov 18AppLovin Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Nov 10AppLovin Positioned To Become King Of AI-Powered Advertising Platforms
Nov 08AppLovin Corporation's (NASDAQ:APP) 26% Share Price Surge Not Quite Adding Up
Oct 22AppLovin Stock Has Gone Too Far Too Fast
Oct 17AppLovin: A Premium Too High To Ignore
Oct 08Financial Position Analysis
Short Term Liabilities: APP's short term assets ($3.0B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: APP's short term assets ($3.0B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: APP's net debt to equity ratio (198.6%) is considered high.
Reducing Debt: APP had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: APP's debt is well covered by operating cash flow (82.6%).
Interest Coverage: APP's interest payments on its debt are well covered by EBIT (10.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/13 23:43 |
| End of Day Share Price | 2025/10/13 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
AppLovin Corporation is covered by 40 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Mak | Arete Research Services LLP |
| Michael Hickey | Benchmark Company |
| Omar Dessouky | BofA Global Research |