GDS Holdings (GDS) Non-Current Debt (2015 - 2026)
GDS Holdings (GDS) posted Non-Current Debt of $3.5 billion for Q2 2026, up 5.28% on a QoQ basis from $3.4 billion in Q1 2026, and up 13.63% year-over-year from $3.1 billion in Q2 2025.
Analysis
GDS Holdings (GDS) Non-Current Debt (2015 - 2026) Analysis & Trends
GDS Holdings has reported Non-Current Debt for 12 years, with the latest figure at $3.5 billion in Q2 2026.
- On a quarterly basis, Non-Current Debt rose 13.63% year-over-year to $3.5 billion in Q2 2026; TTM through Jun 2026 was $3.5 billion, a 13.63% increase from a year earlier, with the FY2025 full-year figure at $3.3 billion, up 11.32% from the prior year.
- Non-Current Debt was $3.5 billion for Q2 2026 at GDS Holdings, up from $3.4 billion in the prior quarter.
- The five-year high for Non-Current Debt was $3.8 billion in Q3 2024, with the low at $3.0 billion in Q1 2025.
- Average Non-Current Debt over 5 years is $3.3 billion, with a median of $3.3 billion recorded in 2023.
- The sharpest annual moves came in 2022 and 2025: Non-Current Debt soared 72.5% in 2022, then retreated 19.23% in 2025.
- Over 5 years, Non-Current Debt stood at $3.3 billion in 2022, then fell by 3.03% to $3.2 billion in 2023, then retreated by 4.9% to $3.0 billion in 2024, then increased by 8.01% to $3.3 billion in 2025, then advanced by 7.49% to $3.5 billion in 2026.
- The last three Non-Current Debt figures came in at $3.5 billion (Q2 2026), $3.4 billion (Q1 2026), and $3.3 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | 18.52 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | 3.11 Bn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | 4.96 Bn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | 5.45 Bn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 3.54 Bn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | 4.30 Bn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | 2.12 Bn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn | 414.39 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn | 6.28 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 39.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.54 Bn |
| Mar 31, 2026 | 3.36 Bn |
| Dec 31, 2025 | 3.29 Bn |
| Sep 30, 2025 | 3.22 Bn |
| Jun 30, 2025 | 3.12 Bn |
| Mar 31, 2025 | 3.00 Bn |
| Dec 31, 2024 | 3.05 Bn |
| Sep 30, 2024 | 3.79 Bn |
| Jun 30, 2024 | 3.68 Bn |
| Mar 31, 2024 | 3.71 Bn |
| Dec 31, 2023 | 3.21 Bn |
| Sep 30, 2023 | 3.65 Bn |
| Jun 30, 2023 | 3.28 Bn |
| Mar 31, 2023 | 3.43 Bn |
| Dec 31, 2022 | 3.31 Bn |
| Sep 30, 2022 | 3.18 Bn |
| Jun 30, 2022 | 3.24 Bn |
| Mar 31, 2022 | 3.09 Bn |
| Dec 31, 2021 | 2.86 Bn |
| Sep 30, 2021 | 2.55 Bn |