NaaS Technology (NAAS) Debt Ratio (2016 - 2025)
NaaS Technology (NAAS) posted quarterly Debt Ratio of 1.86 for Q4 2025, up 47.2% year-over-year from 1.27 in Q4 2024, and up 53.51% quarter-over-quarter from 1.21 in Q2 2025.
NaaS Technology (NAAS) Debt Ratio (2016 - 2025) Analysis & Trends
NaaS Technology (NAAS) has reported Debt Ratio for 10 consecutive years, with 1.86 the latest figure, recorded in Q4 2025.
- In Q4 2025, Debt Ratio rose 47.2% year-over-year to 1.86; the TTM figure through Dec 2025 stood at 1.86 (up 47.2% YoY), while the FY2025 annual figure was 1.86, up 45.0% from the prior year.
- Debt Ratio climbed to 1.86 in Q4 2025 per NAAS's latest filing, from 1.21 in the prior quarter.
- Across five years, Debt Ratio topped out at 1.86 in Q4 2025 and bottomed at 0.06 in Q3 2024.
- Historically, Debt Ratio has averaged 0.59 across 5 years, with a median of 0.42 in 2024.
- Annual changes were most pronounced in 2021 — Debt Ratio sank 88.85% — and 2025, when it surged 186.25%.
- NaaS Technology's Debt Ratio stood at 0.61 in 2021, then plunged by 30.86% to 0.42 in 2022, then advanced by 10.65% to 0.47 in 2023, then soared by 172.15% to 1.27 in 2024, then soared by 47.2% to 1.86 in 2025.
- Business Quant data shows NAAS's Debt Ratio at 1.86 in Q4 2025, 1.21 in Q2 2025, and 1.27 in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.80 Bn | 30.28 Bn | 1.08 Bn | 0.27 |
| 2 | Williams Sonoma | 28.72 Bn | 27.70 Bn | 1.10 Bn | - |
| 3 | Ulta Beauty | 23.04 Bn | 22.82 Bn | 1.27 Bn | 0.02 |
| 4 | Tractor Supply | 18.34 Bn | 18.11 Bn | 1.68 Bn | 0.18 |
| 5 | Best Buy | 18.16 Bn | 16.42 Bn | 2.10 Bn | 0.08 |
| 6 | Dick'S Sporting Goods | 16.08 Bn | 15.09 Bn | 1.68 Bn | 0.11 |
| 7 | Five Below | 13.66 Bn | 12.55 Bn | 478.64 Mn | - |
| 8 | Murphy USA | 10.39 Bn | 10.22 Bn | 746.50 Mn | 0.43 |
| 9 | Bath & Body Works | 4.03 Bn | 3.07 Bn | 1.24 Bn | 0.82 |
| 10 | NaaS Technology | 10.40 Mn | -938,878.83 | - | 1.95 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.86 |
| Jun 30, 2025 | 1.21 |
| Dec 31, 2024 | 1.27 |
| Sep 30, 2024 | 0.64 |
| Aug 31, 2024 | 0.06 |
| Jun 30, 2024 | 0.42 |
| Mar 31, 2024 | 0.44 |
| Dec 31, 2023 | 0.47 |
| Sep 30, 2023 | 0.31 |
| Jun 30, 2023 | 0.41 |
| Mar 31, 2023 | 0.41 |
| Dec 31, 2022 | 0.42 |
| Dec 31, 2021 | 0.61 |
| Jun 30, 2021 | 0.18 |
| Mar 31, 2021 | 0.17 |
| Dec 31, 2020 | 5.45 |
| Sep 30, 2020 | 0.17 |
| Jun 30, 2020 | 0.20 |
| Mar 31, 2020 | 0.19 |
| Dec 31, 2019 | 0.18 |