GDS Holdings annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
GDS Holdings Debt-to-Equity Ratio Growth & History (GDS)
GDS Holdings's debt-to-equity ratio was 1.07 for fiscal 2025.
View full GDS Holdings company overviewGDS Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.07 | −0.16 | −12.95% |
| 2024 | 2024-12-31 | 1.23 | −0.21 | −14.33% |
| 2023 | 2023-12-31 | 1.44 | 0.18 | +14.32% |
| 2022 | 2022-12-31 | 1.26 | 0.18 | +17.14% |
| 2021 | 2021-12-31 | 1.07 | 0.25 | +31.08% |
| 2020 | 2020-12-31 | 0.82 | −0.60 | −42.26% |
| 2019 | 2019-12-31 | 1.42 | −0.35 | −19.95% |
| 2018 | 2018-12-31 | 1.77 | 0.31 | +20.96% |
| 2017 | 2017-12-31 | 1.46 | 0.38 | +34.56% |
| 2016 | 2016-12-31 | 1.09 | — | — |
GDS Holdings quarterly debt-to-equity ratio
Q4.16
Q3.17
Q4.17
Q4.18
Q3.19
Q4.19
Q2.20
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.46 | −0.41 | −21.92% |
| Q1 2026 | 2026-03-31 | 1.50 | −0.31 | −17.11% |
| Q4 2025 | 2025-12-31 | 1.07 | −0.16 | −12.95% |
| Q3 2025 | 2025-09-30 | 1.76 | — | — |
| Q2 2025 | 2025-06-30 | 1.88 | — | — |
| Q1 2025 | 2025-03-31 | 1.80 | — | — |
| Q4 2024 | 2024-12-31 | 1.23 | −0.21 | −14.33% |
| Q4 2023 | 2023-12-31 | 1.44 | 0.18 | +14.32% |
| Q4 2022 | 2022-12-31 | 1.26 | 0.18 | +17.14% |
| Q4 2021 | 2021-12-31 | 1.07 | 0.25 | +31.08% |
| Q4 2020 | 2020-12-31 | 0.82 | −0.60 | −42.26% |
| Q2 2020 | 2020-06-30 | 1.32 | — | — |
| Q4 2019 | 2019-12-31 | 1.42 | −0.35 | −19.95% |
| Q3 2019 | 2019-09-30 | 1.59 | — | — |
| Q4 2018 | 2018-12-31 | 1.77 | 0.31 | +20.96% |
| Q4 2017 | 2017-12-31 | 1.46 | 0.38 | +34.56% |
| Q3 2017 | 2017-09-30 | 1.74 | — | — |
| Q4 2016 | 2016-12-31 | 1.09 | — | — |
GDS Holdings debt-to-equity ratio trends
Over the last five fiscal years, GDS Holdings's debt-to-equity ratio increased from 0.82 to 1.07, a change of 0.25. The latest reported quarter, Q2 2026, shows 1.46.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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