RCMECredit materiality pre-analysisIncludes illustrative values
Analytical aid.Not a rating or rating recommendation. Public data only.

AI infrastructure surveillance · analysis completed 2026-10-20 18:49:10 UTC

Applied Digital

CIK 0001144879 · status review needed · overall tier elevated. Composite 3.5 of 5 at or above 3.5.

Composite3.5/5 · Elevated
Score breakdownRisk profileEvidence: AI infra watchAudit trail

FFO to debt (%, TTM)

S&P Corporate Methodology Table 17 band boundaries shown as horizontal lines.

2025-05-31: -4.4%2026-05-31: -9%24-1125-0225-0525-0825-1126-0226-0526-08-4%-9.4%

Source: SEC XBRL company facts; TTM through each quarter end, as-reported proxy (S&P adjustments not applied). derived (TTM through this quarter end, as-reported proxy)

Debt to EBITDA (x, TTM)

S&P Corporate Methodology Table 17 band boundaries shown as horizontal lines.

2025-05-31: 21.4x24-1125-0225-0525-0825-1126-0226-0526-0821.5x21.3x

Source: SEC XBRL company facts; TTM through each quarter end, as-reported proxy (S&P adjustments not applied). derived (TTM through this quarter end, as-reported proxy)