NetEase (NTES) Debt Ratio (2009 - 2026)
NetEase's Debt Ratio came in at 0.05 for the quarter ended Jun 30, 2026, up 0.4% from 0.05 a year earlier and up 14.6% from the prior quarter.
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Analysis
NetEase (NTES) Debt Ratio (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, NetEase's Debt Ratio was 0.03, down 53.8% from the prior year.
- Debt Ratio has declined in each of the last three years.
- Going back by year, Debt Ratio was 0.06 in the year ended Dec 31, 2024 (-41.0%), 0.11 in the year ended Dec 31, 2023 (-33.6%), 0.16 in the year ended Dec 31, 2022 (+18.7%) and 0.13 in the year ended Dec 31, 2021 (-2.3%).
- The figure for the quarter ended Jun 30, 2026 represents the highest quarterly Debt Ratio since the quarter ended Dec 31, 2024.
- Year-over-year, Debt Ratio increased in 1 of the last eight quarters, with an average decline of 30.2%.
- The fastest year-over-year change in Debt Ratio over five years came in the quarter ended Sep 30, 2022 (growth of 26.5%), and the weakest in the quarter ended Mar 31, 2025 (a decline of 62.2%).
- Business Quant data shows NTES's Debt Ratio at 0.05 (quarter ended Mar 31, 2026), 0.03 (quarter ended Dec 31, 2025) and 0.03 (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,624.96 Bn | 3,359.86 Bn | 76.16 Bn | 0.12 |
| 2 | Meta Platforms | 1,640.16 Bn | 1,304.68 Bn | 51.23 Bn | 0.17 |
| 3 | Netflix | 255.21 Bn | 216.51 Bn | 6.80 Bn | 0.26 |
| 4 | Alibaba Group Holding | 219.23 Bn | 41.30 Bn | 15.16 Bn | 0.07 |
| 5 | Shopify | 189.29 Bn | 174.44 Bn | 1.78 Bn | - |
| 6 | Uber Technologies | 142.08 Bn | 113.28 Bn | 6.42 Bn | 0.22 |
| 7 | AppLovin | 135.54 Bn | 124.07 Bn | 1.94 Bn | 0.41 |
| 8 | Spotify Technology | 126.14 Bn | 83.06 Bn | 1.89 Bn | 0.00 |
| 9 | Booking Holdings | 119.69 Bn | 53.43 Bn | - | 0.71 |
| 10 | NetEase | 78.00 Bn | 36.89 Bn | 3.13 Bn | 0.05 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.05 |
| Mar 31, 2026 | 0.05 |
| Dec 31, 2025 | 0.03 |
| Sep 30, 2025 | 0.03 |
| Jun 30, 2025 | 0.05 |
| Mar 31, 2025 | 0.05 |
| Dec 31, 2024 | 0.06 |
| Sep 30, 2024 | 0.06 |
| Jun 30, 2024 | 0.07 |
| Mar 31, 2024 | 0.13 |
| Dec 31, 2023 | 0.11 |
| Sep 30, 2023 | 0.07 |
| Jun 30, 2023 | 0.09 |
| Mar 31, 2023 | 0.17 |
| Dec 31, 2022 | 0.16 |
| Sep 30, 2022 | 0.17 |
| Jun 30, 2022 | 0.19 |
| Mar 31, 2022 | 0.16 |
| Dec 31, 2021 | 0.13 |
| Sep 30, 2021 | 0.13 |
API Access
NetEase Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NTES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();