VNET Group annual debt-to-equity ratio
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
VNET Group Debt-to-Equity Ratio Growth & History (VNET)
VNET Group's debt-to-equity ratio was 1.12 for fiscal 2025.
View full VNET Group company overviewVNET Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.12 | 0.11 | +11.07% |
| 2024 | 2024-12-31 | 1.01 | −0.58 | −36.39% |
| 2023 | 2023-12-31 | 1.59 | 0.32 | +25.23% |
| 2022 | 2022-12-31 | 1.27 | 0.32 | +33.74% |
| 2021 | 2021-12-31 | 0.95 | 0.32 | +51.99% |
| 2020 | 2020-12-31 | 0.62 | −0.04 | −6.11% |
| 2019 | 2019-12-31 | 0.66 | 0.42 | +176.30% |
| 2018 | 2018-12-31 | 0.24 | 0.02 | +9.20% |
| 2017 | 2017-12-31 | 0.22 | −0.23 | −51.41% |
| 2016 | 2016-12-31 | 0.45 | 0.17 | +59.67% |
| 2015 | 2015-12-31 | 0.28 | −0.52 | −64.55% |
| 2014 | 2014-12-31 | 0.80 | 0.11 | +16.45% |
| 2013 | 2013-12-31 | 0.69 | 0.42 | +158.47% |
| 2012 | 2012-12-31 | 0.27 | 0.21 | +339.34% |
| 2011 | 2011-12-31 | 0.06 | — | — |
VNET Group quarterly debt-to-equity ratio
Q4.11
Q4.12
Q4.13
Q4.14
Q4.15
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q3.24
Q4.24
Q4.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 1.12 | 0.11 | +11.07% |
| Q4 2024 | 2024-12-31 | 1.01 | −0.58 | −36.39% |
| Q3 2024 | 2024-09-30 | 0.91 | — | — |
| Q4 2023 | 2023-12-31 | 1.59 | 0.32 | +25.23% |
| Q4 2022 | 2022-12-31 | 1.27 | 0.32 | +33.74% |
| Q4 2021 | 2021-12-31 | 0.95 | 0.32 | +51.99% |
| Q4 2020 | 2020-12-31 | 0.62 | −0.04 | −6.11% |
| Q4 2019 | 2019-12-31 | 0.66 | 0.42 | +176.30% |
| Q4 2018 | 2018-12-31 | 0.24 | 0.02 | +9.20% |
| Q4 2017 | 2017-12-31 | 0.22 | −0.23 | −51.41% |
| Q4 2016 | 2016-12-31 | 0.45 | 0.17 | +59.67% |
| Q4 2015 | 2015-12-31 | 0.28 | −0.52 | −64.55% |
| Q4 2014 | 2014-12-31 | 0.80 | 0.11 | +16.45% |
| Q4 2013 | 2013-12-31 | 0.69 | 0.42 | +158.47% |
| Q4 2012 | 2012-12-31 | 0.27 | 0.21 | +339.34% |
| Q4 2011 | 2011-12-31 | 0.06 | — | — |
VNET Group debt-to-equity ratio trends
Over the last five fiscal years, VNET Group's debt-to-equity ratio increased from 0.62 to 1.12, a change of 0.50. The latest reported quarter, Q4 2025, shows 1.12.
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.
Review VNET Group source filings ↗