Daqo New Energy annual net debt
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Daqo New Energy Net Debt Growth & History (DQ)
Daqo New Energy's net debt was −$856.1M for fiscal 2025.
View full Daqo New Energy company overviewDaqo New Energy annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$856.1M | $150.5M | — |
| 2024 | 2024-12-31 | −$1.01B | $2.03B | — |
| 2023 | 2023-12-31 | −$3.04B | $460.7M | — |
| 2022 | 2022-12-31 | −$3.50B | −$2.78B | — |
| 2021 | 2021-12-31 | −$723.8M | −$840.9M | — |
| 2020 | 2020-12-31 | $117.2M | −$110.4M | −48.52% |
| 2019 | 2019-12-31 | $227.6M | $122.5M | +116.53% |
| 2018 | 2018-12-31 | $105.1M | −$19.4M | −15.60% |
| 2017 | 2017-12-31 | $124.5M | −$77.4M | −38.33% |
| 2016 | 2016-12-31 | $201.9M | −$26.1M | −11.43% |
| 2015 | 2015-12-31 | $228.0M | −$2.1M | −0.90% |
| 2014 | 2014-12-31 | $230.1M | −$15.8M | −6.44% |
| 2013 | 2013-12-31 | $245.9M | −$55.2M | −18.34% |
| 2012 | 2012-12-31 | $301.1M | $116.4M | +62.98% |
| 2011 | 2011-12-31 | $184.8M | $233.8M | — |
| 2010 | 2010-12-31 | −$49.0M | — | — |
Daqo New Energy quarterly net debt
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Q4.12
Q4.13
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Q4.14
Q4.15
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Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | −$856.1M | $150.5M | — |
| Q4 2024 | 2024-12-31 | −$1.01B | $2.03B | — |
| Q4 2023 | 2023-12-31 | −$3.04B | $460.7M | — |
| Q4 2022 | 2022-12-31 | −$3.50B | −$2.78B | — |
| Q4 2021 | 2021-12-31 | −$723.8M | −$840.9M | — |
| Q4 2020 | 2020-12-31 | $117.2M | −$110.4M | −48.52% |
| Q4 2019 | 2019-12-31 | $227.6M | $122.5M | +116.53% |
| Q4 2018 | 2018-12-31 | $105.1M | −$19.4M | −15.60% |
| Q4 2017 | 2017-12-31 | $124.5M | −$77.4M | −38.33% |
| Q4 2016 | 2016-12-31 | $201.9M | −$26.1M | −11.43% |
| Q4 2015 | 2015-12-31 | $228.0M | −$2.1M | −0.90% |
| Q4 2014 | 2014-12-31 | $230.1M | −$15.8M | −6.44% |
| Q3 2014 | 2014-09-30 | $233.8M | — | — |
| Q4 2013 | 2013-12-31 | $245.9M | −$55.2M | −18.34% |
| Q4 2012 | 2012-12-31 | $301.1M | $116.4M | +62.98% |
| Q4 2011 | 2011-12-31 | $184.8M | — | — |
Daqo New Energy net debt trends
Over the last five fiscal years, Daqo New Energy's net debt decreased from $117.2M to −$856.1M, a change of −$973.2M. The latest reported quarter, Q4 2025, shows −$856.1M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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