NaaS Technology (NAAS) Debt Ratio (2016 - 2025)

NaaS Technology (NAAS) has reported Debt Ratio for 10 consecutive years, with 1.86 the latest figure, recorded in Q4 2025.

• Quarterly Debt Ratio rose 47.2% year-over-year to 1.86 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 1.86 (up 47.2% YoY) and the FY2025 annual result came in at 1.86, up 45.0% from the prior year.
• Debt Ratio grew to 1.86 in Q4 2025 per NAAS's latest filing, from 1.21 in the prior quarter.
• Over the last five years, Debt Ratio for NAAS reached as high as 1.86 in Q4 2025 and fell as low as 0.06 in Q3 2024.
• A 5-year average of 0.59 and a median of 0.42 in 2024 frame the typical range for Debt Ratio.
• Annual changes were most pronounced in 2021 — Debt Ratio sank 88.85% — and 2025, when it jumped 186.25%.
• Year by year, Debt Ratio stood at 0.61 in 2021, then sank by 30.86% to 0.42 in 2022, then increased 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.
• According to Business Quant data, Debt Ratio over the past three periods registered 1.86, 1.21, and 1.27 for Q4 2025, Q2 2025, and Q4 2024 respectively.