Vipshop Holdings annual debt-to-equity ratio
2015
2017
2018
2019
2020
2021
2022
2023
2024
2025
Vipshop Holdings Debt-to-Equity Ratio Growth & History (VIPS)
Vipshop Holdings's debt-to-equity ratio was 0.16 for fiscal 2025.
View full Vipshop Holdings company overviewVipshop Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.16 | 0.08 | +106.18% |
| 2024 | 2024-12-31 | 0.08 | 0.02 | +28.41% |
| 2023 | 2023-12-31 | 0.06 | −0.05 | −46.79% |
| 2022 | 2022-12-31 | 0.11 | 0.01 | +13.41% |
| 2021 | 2021-12-31 | 0.10 | 0.00 | +3.75% |
| 2020 | 2020-12-31 | 0.09 | −0.04 | −28.26% |
| 2019 | 2019-12-31 | 0.13 | −0.12 | −47.24% |
| 2018 | 2018-12-31 | 0.25 | 0.19 | +294.95% |
| 2017 | 2017-12-31 | 0.06 | — | — |
| 2015 | 2015-12-31 | 0.03 | — | — |
Vipshop Holdings quarterly debt-to-equity ratio
Q4.15
Q4.17
Q4.18
Q4.19
Q4.20
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 | 0.16 | 0.08 | +106.18% |
| Q4 2024 | 2024-12-31 | 0.08 | 0.02 | +28.41% |
| Q4 2023 | 2023-12-31 | 0.06 | −0.05 | −46.79% |
| Q4 2022 | 2022-12-31 | 0.11 | 0.01 | +13.41% |
| Q4 2021 | 2021-12-31 | 0.10 | 0.00 | +3.75% |
| Q4 2020 | 2020-12-31 | 0.09 | −0.04 | −28.26% |
| Q4 2019 | 2019-12-31 | 0.13 | −0.12 | −47.24% |
| Q4 2018 | 2018-12-31 | 0.25 | 0.19 | +294.95% |
| Q4 2017 | 2017-12-31 | 0.06 | — | — |
| Q4 2015 | 2015-12-31 | 0.03 | — | — |
Vipshop Holdings debt-to-equity ratio trends
Over the last five fiscal years, Vipshop Holdings's debt-to-equity ratio increased from 0.09 to 0.16, a change of 0.06. The latest reported quarter, Q4 2025, shows 0.16.
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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