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Apollo Global Management total debt 2006–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Apollo Global Management's total debt was 15.25B USD on 30 September 2026, up 20.7% on a year before. At the end of fiscal year 2025 it was 13.36B USD.
Last updated 10 Nov 2026 · Next report 8 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 15.25B | +20.73% | 21.78B | 6.53B | 0.96 |
| FY2025 | 31 Dec 2025 | 13.36B | +26.22% | 248.06B | 234.70B | 0.57 |
| FY2024 | 31 Dec 2024 | 10.59B | +30.85% | 205.98B | 195.39B | 0.61 |
| FY2023 | 31 Dec 2023 | 8.09B | +12.60% | 170.24B | 162.15B | 0.58 |
| FY2022 | 31 Dec 2022 | 7.19B | -49.37% | 127.37B | 120.19B | 1.08 |
| FY2021 | 31 Dec 2021 | 14.19B | -2.92% | 1.38B | -12.81B | 3.75 |
| FY2020 | 31 Dec 2020 | 14.62B | +294.06% | 2.45B | -12.17B | 10.23 |
| FY2019 | 31 Dec 2019 | 3.71B | +67.44% | 1.60B | -2.11B | 2.00 |
| FY2018 | 31 Dec 2018 | 2.22B | -6.28% | 659.42M | -1.56B | 1.61 |
| FY2017 | 31 Dec 2017 | 2.36B | +10.54% | 844.19M | -1.52B | 1.62 |
| FY2016 | 31 Dec 2016 | 2.14B | +17.11% | 854.98M | -1.28B | 2.56 |
| FY2015 | 31 Dec 2015 | 1.83B | -87.94% | 674.12M | -1.15B | 2.81 |
| FY2014 | 31 Dec 2014 | 15.15B | +15.01% | 2.29B | -12.86B | 8.48 |
| FY2013 | 31 Dec 2013 | 13.17B | +4.78% | 2.17B | -11.00B | 5.00 |
| FY2012 | 31 Dec 2012 | 12.57B | +220.05% | 2.63B | -9.94B | 4.71 |
| FY2011 | 31 Dec 2011 | 3.93B | +422.72% | 6.07B | 2.14B | 5.41 |
| FY2010 | 31 Dec 2010 | 751.53M | -19.52% | 3.73B | 2.98B | 4.98 |
| FY2009 | 31 Dec 2009 | 933.83M | -8.98% | 1.92B | 986.55M | — |
| FY2008 | 31 Dec 2008 | 1.03B | -3.00% | 1.34B | 314.01M | — |
| FY2007 | 31 Dec 2007 | 1.06B | +1,028.42% | 2.93B | 1.87B | 11.01 |
| FY2006 | 31 Dec 2006 | 93.74M | — | 10.97B | 10.87B | 0.19 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 15.25B | +20.73% | 21.78B | 6.53B | 0.96 |
| Q2 FY2026 | 30 Jun 2026 | 13.73B | +13.04% | 26.82B | 13.09B | 0.65 |
| Q1 FY2026 | 31 Mar 2026 | 14.22B | +34.39% | 253.18B | 238.96B | 0.71 |
| Q4 FY2025 | 31 Dec 2025 | 13.36B | +26.22% | 248.06B | 234.70B | 0.57 |
| Q3 FY2025 | 30 Sept 2025 | 12.63B | +28.80% | 245.96B | 233.33B | 0.55 |
| Q2 FY2025 | 30 Jun 2025 | 12.14B | +23.73% | 231.47B | 219.32B | 0.63 |
| Q1 FY2025 | 31 Mar 2025 | 10.58B | +10.26% | 216.43B | 205.85B | 0.59 |
| Q4 FY2024 | 31 Dec 2024 | 10.59B | +30.85% | 205.98B | 195.39B | 0.61 |
| Q3 FY2024 | 30 Sept 2024 | 9.81B | +39.36% | 205.02B | 195.21B | 0.55 |
| Q2 FY2024 | 30 Jun 2024 | 9.82B | +32.22% | 189.41B | 179.59B | 0.64 |
| Q1 FY2024 | 31 Mar 2024 | 9.60B | +47.47% | 182.79B | 173.19B | 0.65 |
| Q4 FY2023 | 31 Dec 2023 | 8.09B | +12.60% | 170.24B | 162.15B | 0.58 |
| Q3 FY2023 | 30 Sept 2023 | 7.04B | -10.24% | 148.71B | 141.67B | 0.83 |
| Q2 FY2023 | 30 Jun 2023 | 7.42B | -6.13% | 145.92B | 138.49B | 0.90 |
| Q1 FY2023 | 31 Mar 2023 | 6.51B | -53.20% | 138.66B | 132.16B | 0.81 |
| Q4 FY2022 | 31 Dec 2022 | 7.19B | -49.37% | 127.37B | 120.19B | 1.08 |
| Q3 FY2022 | 30 Sept 2022 | 7.84B | -44.40% | 116.97B | 109.13B | — |
| Q2 FY2022 | 30 Jun 2022 | 7.91B | -44.07% | 116.76B | 108.86B | 2.15 |
| Q1 FY2022 | 31 Mar 2022 | 13.91B | -5.81% | 117.96B | 104.05B | 1.26 |
| Q4 FY2021 | 31 Dec 2021 | 14.19B | -2.92% | 1.38B | -12.81B | 3.75 |
| Q3 FY2021 | 30 Sept 2021 | 14.10B | +21.57% | 2.76B | -11.34B | 5.33 |
| Q2 FY2021 | 30 Jun 2021 | 14.14B | +27.18% | 2.63B | -11.51B | 5.98 |
| Q1 FY2021 | 31 Mar 2021 | 14.76B | +50.35% | 2.73B | -12.04B | 7.62 |
| Q4 FY2020 | 31 Dec 2020 | 14.62B | +294.06% | 2.45B | -12.17B | 10.23 |
| Q3 FY2020 | 30 Sept 2020 | 11.60B | +242.67% | 2.64B | -8.95B | 10.65 |
| Q2 FY2020 | 30 Jun 2020 | 11.12B | +235.35% | 1.61B | -9.51B | 11.97 |
| Q1 FY2020 | 31 Mar 2020 | 9.82B | +243.47% | 1.28B | -8.54B | 17.64 |
| Q4 FY2019 | 31 Dec 2019 | 3.71B | +67.44% | 1.60B | -2.11B | 2.00 |
| Q3 FY2019 | 30 Sept 2019 | 3.38B | +51.01% | 1.28B | -2.10B | 1.92 |
| Q2 FY2019 | 30 Jun 2019 | 3.32B | +48.15% | 1.01B | -2.30B | 2.40 |
| Q1 FY2019 | 31 Mar 2019 | 2.86B | +19.73% | 767.89M | -2.09B | 2.16 |
| Q4 FY2018 | 31 Dec 2018 | 2.22B | -6.28% | 659.42M | -1.56B | 1.61 |
| Q3 FY2018 | 30 Sept 2018 | 2.24B | -3.95% | 907.87M | -1.33B | 1.38 |
| Q2 FY2018 | 30 Jun 2018 | 2.24B | -0.24% | 1.15B | -1.09B | 1.44 |
| Q1 FY2018 | 31 Mar 2018 | 2.39B | +11.01% | 1.06B | -1.32B | 1.54 |
| Q4 FY2017 | 31 Dec 2017 | 2.36B | +10.54% | 844.19M | -1.52B | 1.62 |
| Q3 FY2017 | 30 Sept 2017 | 2.33B | +6.33% | 985.27M | -1.35B | 1.76 |
| Q2 FY2017 | 30 Jun 2017 | 2.24B | +3.03% | 1.13B | -1.12B | 1.84 |
| Q1 FY2017 | 31 Mar 2017 | 2.15B | +14.37% | 1.15B | -998.72M | 1.83 |
| Q4 FY2016 | 31 Dec 2016 | 2.14B | +17.11% | 854.98M | -1.28B | 2.56 |
| Q3 FY2016 | 30 Sept 2016 | 2.19B | +18.20% | 986.44M | -1.21B | 3.04 |
| Q2 FY2016 | 30 Jun 2016 | 2.18B | +16.89% | 892.24M | -1.29B | 3.18 |
| Q1 FY2016 | 31 Mar 2016 | 1.88B | -88.03% | 582.54M | -1.30B | 3.42 |
| Q4 FY2015 | 31 Dec 2015 | 1.83B | -87.94% | 674.12M | -1.15B | 2.81 |
| Q3 FY2015 | 30 Sept 2015 | 1.86B | -87.71% | 869.19M | -987.56M | 2.59 |
| Q2 FY2015 | 30 Jun 2015 | 1.86B | -85.86% | 921.64M | -941.12M | 2.52 |
| Q1 FY2015 | 31 Mar 2015 | 15.71B | +18.34% | 1.60B | -14.11B | 9.48 |
| Q4 FY2014 | 31 Dec 2014 | 15.15B | +15.01% | 2.29B | -12.86B | 8.48 |
| Q3 FY2014 | 30 Sept 2014 | 15.10B | +17.59% | 2.31B | -12.79B | 7.57 |
| Q2 FY2014 | 30 Jun 2014 | 13.18B | +13.96% | 2.29B | -10.89B | 5.51 |
| Q1 FY2014 | 31 Mar 2014 | 13.28B | +9.87% | 2.18B | -11.09B | 5.28 |
| Q4 FY2013 | 31 Dec 2013 | 13.17B | +4.78% | 2.17B | -11.00B | 5.00 |
| Q3 FY2013 | 30 Sept 2013 | 12.84B | +6.76% | 2.16B | -10.68B | 4.74 |
| Q2 FY2013 | 30 Jun 2013 | 11.56B | -3.40% | 2.72B | -8.84B | 4.25 |
| Q1 FY2013 | 31 Mar 2013 | 12.09B | +172.26% | 2.62B | -9.47B | 4.38 |
| Q4 FY2012 | 31 Dec 2012 | 12.57B | +220.05% | 2.63B | -9.94B | 4.71 |
| Q3 FY2012 | 30 Sept 2012 | 12.03B | +541.40% | 16.45B | 4.42B | 4.63 |
| Q2 FY2012 | 30 Jun 2012 | 11.97B | +525.65% | 16.48B | 4.51B | 4.44 |
| Q1 FY2012 | 31 Mar 2012 | 4.44B | +490.91% | 6.68B | 2.24B | 5.72 |
| Q4 FY2011 | 31 Dec 2011 | 3.93B | +422.72% | 6.07B | 2.14B | 5.41 |
| Q3 FY2011 | 30 Sept 2011 | 1.88B | +101.09% | 3.72B | 1.84B | 4.59 |
| Q2 FY2011 | 30 Jun 2011 | 1.91B | -1.35% | 4.28B | 2.37B | 2.40 |
| Q1 FY2011 | 31 Mar 2011 | 751.18M | — | 2.61B | 1.85B | 2.88 |
| Q4 FY2010 | 31 Dec 2010 | 751.53M | -19.52% | 3.73B | 2.98B | 4.98 |
| Q3 FY2010 | 30 Sept 2010 | 932.69M | -0.15% | 2.31B | 1.38B | — |
| Q2 FY2010 | 30 Jun 2010 | 1.94B | — | 2.11B | 174.80M | — |
| Q4 FY2009 | 31 Dec 2009 | 933.83M | -8.98% | 1.92B | 986.55M | — |
| Q3 FY2009 | 30 Sept 2009 | 934.06M | — | 1.91B | 979.97M | — |
| Q4 FY2008 | 31 Dec 2008 | 1.03B | — | 1.34B | 314.01M | — |
| Q1 FY2008 | 31 Mar 2008 | 1.06B | — | 2.94B | 1.88B | 13.12 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Apollo Global Management's debt
Source: Financial Modeling Prep