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

NaaS Technology has disclosed Debt Ratio across 10 years of filings, most recently posting 1.86 for 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 1.84, up 42.97% from the prior year.
• Debt Ratio advanced to 1.86 in Q4 2025, from 1.2 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.
• The 5-year median for Debt Ratio is 0.42 (2024), against an average of 0.59.
• Annual changes were most pronounced in 2021 — Debt Ratio tumbled 88.85% — and 2025, when it soared 183.5%.
• A 5-year view of Debt Ratio shows it stood at 0.61 in 2021, then sank by 30.86% to 0.42 in 2022, then gained by 10.65% to 0.47 in 2023, then surged by 172.15% to 1.27 in 2024, then surged by 47.2% to 1.86 in 2025.
• According to Business Quant data, Debt Ratio over the past three periods registered 1.86, 1.2, and 1.27 for Q4 2025, Q2 2025, and Q4 2024 respectively.