Nio annual debt-to-equity ratio
2018
2020
2021
2022
2023
2024
2025
Nio Debt-to-Equity Ratio Growth & History (NIO)
Nio's debt-to-equity ratio was 6.31 for fiscal 2025.
View full Nio company overviewNio annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 6.31 | 0.65 | +11.41% |
| 2024 | 2024-12-31 | 5.66 | 4.30 | +316.98% |
| 2023 | 2023-12-31 | 1.36 | 0.36 | +36.67% |
| 2022 | 2022-12-31 | 0.99 | 0.41 | +71.52% |
| 2021 | 2021-12-31 | 0.58 | 0.23 | +66.81% |
| 2020 | 2020-12-31 | 0.35 | — | — |
| 2018 | 2018-12-31 | 0.47 | — | — |
Nio quarterly debt-to-equity ratio
Q4.18
Q3.20
Q4.20
Q3.21
Q4.21
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 6.31 | 0.65 | +11.41% |
| Q4 2024 | 2024-12-31 | 5.66 | 4.30 | +316.98% |
| Q4 2023 | 2023-12-31 | 1.36 | 0.36 | +36.67% |
| Q4 2022 | 2022-12-31 | 0.99 | 0.41 | +71.52% |
| Q4 2021 | 2021-12-31 | 0.58 | 0.23 | +66.81% |
| Q3 2021 | 2021-09-30 | 0.78 | −0.43 | −35.41% |
| Q4 2020 | 2020-12-31 | 0.35 | — | — |
| Q3 2020 | 2020-09-30 | 1.21 | — | — |
| Q4 2018 | 2018-12-31 | 0.47 | — | — |
Nio debt-to-equity ratio trends
Over the last five fiscal years, Nio's debt-to-equity ratio increased from 0.35 to 6.31, a change of 5.96. The latest reported quarter, Q4 2025, shows 6.31.
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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