VNET Group annual net debt
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2025
VNET Group Net Debt Growth & History (VNET)
VNET Group's net debt was $206.1M for fiscal 2025.
View full VNET Group company overviewVNET Group annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $206.1M | −$468.9M | −69.46% |
| 2024 | 2024-12-31 | $675.0M | −$351.9M | −34.27% |
| 2023 | 2023-12-31 | $1.03B | $199.6M | +24.13% |
| 2022 | 2022-12-31 | $827.3M | −$33.0M | −3.84% |
| 2021 | 2021-12-31 | $860.3M | $649.1M | +307.34% |
| 2020 | 2020-12-31 | $211.2M | −$946,000 | −0.45% |
| 2019 | 2019-12-31 | $212.2M | $377.3M | — |
| 2018 | 2018-12-31 | −$165.2M | −$36.1M | — |
| 2017 | 2017-12-31 | −$129.0M | −$328.8M | — |
| 2016 | 2016-12-31 | $199.8M | $266.8M | — |
| 2015 | 2015-12-31 | −$67.1M | −$251.4M | — |
| 2014 | 2014-12-31 | $184.4M | $140.6M | +321.43% |
| 2013 | 2013-12-31 | $43.7M | $35.4M | +423.53% |
| 2012 | 2012-12-31 | $8.4M | $58.4M | — |
| 2011 | 2011-12-31 | −$50.0M | — | — |
VNET Group quarterly net debt
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Q4.12
Q4.13
Q4.14
Q4.15
Q4.16
Q4.17
Q4.18
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Q4.20
Q4.21
Q4.22
Q4.23
Q3.24
Q4.24
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | $206.1M | −$468.9M | −69.46% |
| Q4 2024 | 2024-12-31 | $675.0M | −$351.9M | −34.27% |
| Q3 2024 | 2024-09-30 | $600.7M | — | — |
| Q4 2023 | 2023-12-31 | $1.03B | $199.6M | +24.13% |
| Q4 2022 | 2022-12-31 | $827.3M | −$33.0M | −3.84% |
| Q4 2021 | 2021-12-31 | $860.3M | $649.1M | +307.34% |
| Q4 2020 | 2020-12-31 | $211.2M | −$946,000 | −0.45% |
| Q4 2019 | 2019-12-31 | $212.2M | $377.3M | — |
| Q4 2018 | 2018-12-31 | −$165.2M | −$36.1M | — |
| Q4 2017 | 2017-12-31 | −$129.0M | −$328.8M | — |
| Q4 2016 | 2016-12-31 | $199.8M | $266.8M | — |
| Q4 2015 | 2015-12-31 | −$67.1M | −$251.4M | — |
| Q4 2014 | 2014-12-31 | $184.4M | $140.6M | +321.43% |
| Q4 2013 | 2013-12-31 | $43.7M | $35.4M | +423.53% |
| Q4 2012 | 2012-12-31 | $8.4M | $58.4M | — |
| Q4 2011 | 2011-12-31 | −$50.0M | — | — |
VNET Group net debt trends
Over the last five fiscal years, VNET Group's net debt decreased from $211.2M to $206.1M, a change of −$5.1M. The latest reported quarter, Q4 2025, shows $206.1M.
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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