Veon annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Veon Debt-to-Equity Ratio Growth & History (VEON)
Veon's debt-to-equity ratio was 2.35 for fiscal 2025.
View full Veon company overviewVeon annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.35 | −0.70 | −23.01% |
| 2024 | 2024-12-31 | 3.05 | −1.27 | −29.49% |
| 2023 | 2023-12-31 | 4.32 | −7.40 | −63.14% |
| 2022 | 2022-12-31 | 11.72 | −1.24 | −9.56% |
| 2021 | 2021-12-31 | 12.96 | −34.14 | −72.48% |
| 2020 | 2020-12-31 | 47.10 | 40.97 | +668.05% |
| 2019 | 2019-12-31 | 6.13 | 3.60 | +141.99% |
| 2018 · Dec 31 | 2018-12-31 | 2.53 | −0.03 | −1.14% |
| 2017 | 2017-12-31 | 2.56 | 0.80 | +45.67% |
| 2016 | 2016-12-31 | 1.76 | — | — |
Veon quarterly debt-to-equity ratio
Q4.16
Q4.17
Q2.18
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
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 | 3.87 | 0.11 | +2.83% |
| Q1 2026 | 2026-03-31 | 3.69 | — | — |
| Q4 2025 | 2025-12-31 | 2.35 | −0.70 | −23.01% |
| Q3 2025 | 2025-09-30 | 3.51 | — | — |
| Q2 2025 | 2025-06-30 | 3.76 | — | — |
| Q4 2024 | 2024-12-31 | 3.05 | −1.27 | −29.49% |
| Q4 2023 | 2023-12-31 | 4.32 | −7.40 | −63.14% |
| Q4 2022 | 2022-12-31 | 11.72 | −1.24 | −9.56% |
| Q4 2021 | 2021-12-31 | 12.96 | −34.14 | −72.48% |
| Q4 2020 | 2020-12-31 | 47.10 | 40.97 | +668.05% |
| Q4 2019 | 2019-12-31 | 6.13 | 3.60 | +141.99% |
| Q4 2018 | 2018-12-31 | 2.53 | −0.03 | −1.14% |
| Q2 2018 · Jun 30 | 2018-06-30 | 2.82 | — | — |
| Q4 2017 | 2017-12-31 | 2.56 | 0.80 | +45.67% |
| Q4 2016 | 2016-12-31 | 1.76 | — | — |
Veon debt-to-equity ratio trends
Over the last five fiscal years, Veon's debt-to-equity ratio decreased from 47.10 to 2.35, a change of −44.76. The latest reported quarter, Q2 2026, shows 3.87.
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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