• AppLovin average debt/equity ratio for 2020-03-31 was 0, a 0% decline from 2020-06-30.
• AppLovin average debt/equity ratio for 2020-06-30 was 0, a 0% decline from 2020-09-30.
• AppLovin average debt/equity ratio for 2020-09-30 was 0, a 0% decline from 2020-12-31.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.