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

NaaS Technology (NAAS) reported Equity Ratio of 2.86 for Q4 2025, down 146.4% year-over-year from 6.16 in Q4 2024, and down 146.4% quarter-over-quarter from 1.16 in Q4 2024.

NaaS Technology (NAAS) Equity Ratio (2016 - 2025) Analysis & Trends

NaaS Technology (NAAS) has 10 years of Equity Ratio data on file, last reported at 2.86 in Q4 2025.

  • Equity Ratio for Q4 2025 came in at 2.86, down 146.4% year-over-year; the trailing twelve-month figure through Dec 2025 was 2.86 (down 146.4% YoY), and the FY2025 annual result was 2.86, down 146.41% from the prior year.
  • Equity Ratio fell to 2.86 in Q4 2025 per NAAS's latest filing, from 1.16 in the prior quarter.
  • Over five years, Equity Ratio peaked at 0.4 in Q4 2022 and troughed at 2.86 in Q4 2025.
  • A 5-year average of 0.7 and a median of 0.03 in 2023 frame the typical range for Equity Ratio.
  • The sharpest annual moves came in 2022 and 2024: Equity Ratio soared 140.07% in 2022, then sank 3794.36% in 2024.
  • A 5-year view of Equity Ratio shows it stood at 0.17 in 2021, then soared by 140.07% to 0.4 in 2022, then tumbled by 107.5% to 0.03 in 2023, then slumped by 3794.36% to 1.16 in 2024, then tumbled by 146.4% to 2.86 in 2025.
  • Business Quant data shows NAAS's Equity Ratio at 2.86 in Q4 2025, 1.16 in Q4 2024, and 0.03 in Q4 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Caseys General Stores 27.84 Bn 27.38 Bn 1.01 Bn 0.45
2 Williams Sonoma 24.59 Bn 23.57 Bn 1.10 Bn 0.38
3 Ulta Beauty 20.75 Bn 20.25 Bn 1.48 Bn 0.40
4 Dick'S Sporting Goods 17.81 Bn 16.45 Bn 1.77 Bn 0.32
5 Tractor Supply 15.90 Bn 15.67 Bn 1.30 Bn 0.22
6 Best Buy 15.61 Bn 13.87 Bn 2.10 Bn 0.21
7 NaaS Technology 14.72 Bn 14.70 Bn - -2.86
8 Five Below 10.27 Bn 9.34 Bn 696.98 Mn 0.44
9 Murphy USA 10.20 Bn 10.08 Bn 3.98 Bn 0.14
10 GameStop 9.92 Bn 905.02 Mn 386.80 Mn 0.52

Historic Data

Download Data
DateValue
Dec 31, 2025 -2.86
Dec 31, 2024 -1.16
Dec 31, 2023 -0.03
Dec 31, 2022 0.40
Dec 31, 2021 0.17
Dec 31, 2020 0.19
Dec 31, 2019 0.01
Dec 31, 2018 0.19
Dec 31, 2017 0.15
Dec 31, 2016 0.27