NetEase annual net debt
2019
2020
2021
2022
2023
2024
2025
NetEase Net Debt Growth & History (NTES)
NetEase's net debt was −$6.70B for fiscal 2025.
View full NetEase company overviewNetEase annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$6.70B | $205.3M | — |
| 2024 | 2024-12-31 | −$6.90B | −$4.06B | — |
| 2023 | 2023-12-31 | −$2.84B | $100.5M | — |
| 2022 | 2022-12-31 | −$2.94B | −$1.04B | — |
| 2021 | 2021-12-31 | −$1.91B | −$633.8M | — |
| 2020 | 2020-12-31 | −$1.27B | −$875.2M | — |
| 2019 | 2019-12-31 | −$398.6M | — | — |
NetEase quarterly net debt
Q4.19
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 | −$6.70B | $205.3M | — |
| Q4 2024 | 2024-12-31 | −$6.90B | −$4.06B | — |
| Q4 2023 | 2023-12-31 | −$2.84B | $100.5M | — |
| Q4 2022 | 2022-12-31 | −$2.94B | −$1.04B | — |
| Q4 2021 | 2021-12-31 | −$1.91B | −$633.8M | — |
| Q4 2020 | 2020-12-31 | −$1.27B | −$875.2M | — |
| Q4 2019 | 2019-12-31 | −$398.6M | — | — |
NetEase net debt trends
Over the last five fiscal years, NetEase's net debt decreased from −$1.27B to −$6.70B, a change of −$5.42B. The latest reported quarter, Q4 2025, shows −$6.70B.
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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