NaaS Technology (NAAS) Debt to Equity (2016 - 2025)
NaaS Technology (NAAS) reported Debt to Equity of -$0.65 for Q4 2025, up 40.26% year-over-year from -$0.47 in Q4 2024, and up 40.26% quarter-over-quarter from -$1.09 in Q4 2024.
NaaS Technology (NAAS) Debt to Equity (2016 - 2025) Analysis & Trends
NaaS Technology (NAAS) has 10 years of Debt to Equity data on file, last reported at -$0.65 in Q4 2025.
- Debt to Equity for Q4 2025 came in at -$0.65, up 40.26% year-over-year; the trailing twelve-month figure through Dec 2025 was -$0.65 (up 40.26% YoY), and the FY2025 annual result was -$0.64, up 41.98% from the prior year.
- Debt to Equity advanced to -$0.65 in Q4 2025 per NAAS's latest filing, from -$1.09 in the prior quarter.
- Over five years, Debt to Equity peaked at $3.68 in Q4 2021 and troughed at -$15.64 in Q4 2023.
- A 5-year average of -$2.53 and a median of -$0.65 in 2025 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2023 and 2024: Debt to Equity slumped 1575.29% in 2023, then jumped 93.01% in 2024.
- A 5-year view of Debt to Equity shows it stood at $3.68 in 2021, then sank by 71.2% to $1.06 in 2022, then sank by 1575.29% to -$15.64 in 2023, then jumped by 93.01% to -$1.09 in 2024, then surged by 40.26% to -$0.65 in 2025.
- Business Quant data shows NAAS's Debt to Equity at -$0.65 in Q4 2025, -$1.09 in Q4 2024, and -$15.64 in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 0.63 |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | - |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 0.02 |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 0.34 |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 0.85 |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 0.38 |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | -0.65 |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | - |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 3.27 |
| 10 | GameStop | 9.92 Bn | 905.02 Mn | 386.80 Mn | 0.76 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -0.65 |
| Dec 31, 2024 | -1.09 |
| Dec 31, 2023 | -15.64 |
| Dec 31, 2022 | 1.06 |
| Dec 31, 2021 | 3.68 |
| Dec 31, 2020 | 28.72 |
| Dec 31, 2019 | 20.94 |
| Dec 31, 2018 | 1.33 |
| Dec 31, 2017 | 2.18 |
| Dec 31, 2016 | 0.93 |