Veon (VEON) Debt Ratio (2010 - 2025)

Veon (VEON) posted Debt Ratio of 0.82 for Q4 2025, up 80.86% quarter-over-quarter from 0.46 in Q2 2025, and up 40.93% year-on-year from 0.58 in Q4 2024.

Veon (VEON) Debt Ratio (2010 - 2025) Analysis & Trends

Veon (VEON) has reported Debt Ratio for 16 consecutive years, with 0.82 the latest figure, recorded in Q4 2025.

  • Debt Ratio for Q4 2025 came in at 0.82, up 40.93% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.82 (up 40.93% YoY), and the FY2025 annual result was 0.82, up 40.93% from the prior year.
  • Debt Ratio was 0.82 for Q4 2025 at Veon, up from 0.46 in the prior quarter.
  • Over five years, Debt Ratio peaked at 9.68 in Q4 2022 and troughed at 0.29 in Q2 2023.
  • Average Debt Ratio over 5 years is 1.36, with a median of 0.59 recorded in 2021.
  • Year-over-year, Debt Ratio sank 94.45% in 2021 and surged 719.45% in 2022.
  • Over 5 years, Debt Ratio stood at 1.18 in 2021, then soared by 719.45% to 9.68 in 2022, then slumped by 93.53% to 0.63 in 2023, then retreated by 6.76% to 0.58 in 2024, then surged by 40.93% to 0.82 in 2025.
  • Per Business Quant data, the three most recent Debt Ratio figures were 0.82 in Q4 2025, 0.46 in Q2 2025, and 0.58 in Q4 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk 1,360.11 Bn 465.10 Bn - 0.15
2 T-Mobile US 190.40 Bn 186.88 Bn 17.62 Bn 0.40
3 Verizon Communications 176.65 Bn 169.60 Bn 27.94 Bn 0.41
4 At&T 143.78 Bn 133.82 Bn 25.25 Bn 0.33
5 Telecom Argentina 27.29 Bn -708.89 Bn - -
6 Charter Communications 17.55 Bn 21.72 Bn - 0.61
7 Millicom International Cellular 15.13 Bn 13.99 Bn - 0.36
8 Globalstar 10.40 Bn 10.04 Bn 46.63 Mn 0.20
9 Sify Technologies 7.22 Bn 7.17 Bn 54.72 Mn 0.29
10 Veon - - - -

Historic Data

Download Data
DateValue
Dec 31, 2025 0.82
Jun 30, 2025 0.46
Dec 31, 2024 0.58
Jun 30, 2024 0.41
Dec 31, 2023 0.63
Jun 30, 2023 0.29
Dec 31, 2022 9.68
Jun 30, 2022 0.53
Dec 31, 2021 1.18
Sep 30, 2021 0.57
Jun 30, 2021 0.59
Mar 31, 2021 0.60
Dec 31, 2020 21.28
Sep 30, 2020 0.54
Jun 30, 2020 0.50
Mar 31, 2020 0.48
Dec 31, 2019 0.64
Sep 30, 2019 0.47
Mar 31, 2019 0.50
Dec 31, 2018 0.56