NaaS Technology (NAAS) Debt to Equity (2016 - 2025)
NaaS Technology (NAAS) posted quarterly Debt to Equity of -$0.65 for Q4 2025, up 40.26% YoY from -$0.47 in Q4 2024, and up 44.26% sequentially from -$1.17 in Q2 2025.
NaaS Technology (NAAS) Debt to Equity (2016 - 2025) Analysis & Trends
NaaS Technology has disclosed Debt to Equity across 10 years of filings, most recently posting -$0.65 for Q4 2025.
- In Q4 2025, Debt to Equity rose 40.26% year-over-year to -$0.65; the TTM figure through Dec 2025 stood at -$0.65 (up 40.26% YoY), while the FY2025 annual figure was -$0.64, up 41.98% from the prior year.
- Debt to Equity improved to -$0.65 in Q4 2025, from -$1.17 in the prior quarter.
- Over the last five years, Debt to Equity for NAAS reached as high as $3.68 in Q4 2021 and fell as low as -$15.64 in Q4 2023.
- The 5-year median for Debt to Equity is $0.11 (2021), against an average of -$1.09.
- Annual changes were most pronounced in 2023 — Debt to Equity plunged 1575.29% — and 2024, when it jumped 93.01%.
- A 5-year view of Debt to Equity shows it stood at $3.68 in 2021, then tumbled by 71.2% to $1.06 in 2022, then tumbled 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.
- According to Business Quant data, Debt to Equity over the past three periods registered -$0.65, -$1.17, and -$1.09 for Q4 2025, Q2 2025, and Q4 2024 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | NaaS Technology | 29.20 Bn | 29.20 Bn | - | - |
| 2 | Caseys General Stores | 28.94 Bn | 28.48 Bn | 1.08 Bn | 0.62 |
| 3 | Williams Sonoma | 27.71 Bn | 26.69 Bn | 1.10 Bn | - |
| 4 | Dick'S Sporting Goods | 19.10 Bn | 17.75 Bn | 1.77 Bn | 0.34 |
| 5 | Tractor Supply | 16.98 Bn | 16.76 Bn | 1.30 Bn | 0.85 |
| 6 | Best Buy | 16.25 Bn | 14.50 Bn | 2.10 Bn | 0.38 |
| 7 | Murphy USA | 10.35 Bn | 10.23 Bn | 3.98 Bn | 3.27 |
| 8 | Five Below | 10.07 Bn | 9.13 Bn | 696.98 Mn | - |
| 9 | Winmark | 8.93 Bn | 8.93 Bn | 20.23 Mn | -0.65 |
| 10 | Academy Sports & Outdoors | 3.04 Bn | 2.71 Bn | 479.35 Mn | 0.23 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | -1.17 |
| Sep 30, 2024 | -3.74 |
| Jun 30, 2024 | -2.29 |
| Mar 31, 2024 | -3.49 |
| Dec 31, 2023 | -15.64 |
| Sep 30, 2023 | 3.26 |
| Jun 30, 2023 | 1.55 |
| Mar 31, 2023 | 1.43 |
| Dec 31, 2022 | 1.06 |
| Dec 31, 2021 | 3.68 |
| Jun 30, 2021 | 0.94 |
| Mar 31, 2021 | 0.87 |
| Dec 31, 2020 | 28.72 |
| Sep 30, 2020 | 0.88 |
| Jun 30, 2020 | 1.14 |
| Mar 31, 2020 | 1.00 |
| Dec 31, 2019 | 20.94 |
| Sep 30, 2019 | 0.92 |
| Jun 30, 2019 | 1.18 |
| Mar 31, 2019 | 1.22 |