Veon (VEON) Debt Ratio (2009 - 2025)

Veon (VEON) posted Debt Ratio of 0.56 for Q4 2025, up 22.67% on a QoQ basis from 0.46 in Q2 2025, and down 4.42% year-over-year from 0.58 in Q4 2024.

Veon (VEON) Debt Ratio (2009 - 2025) Analysis & Trends

Veon's Debt Ratio history runs 17 years deep, the most recent figure standing at 0.56 for Q4 2025.

  • Quarterly Debt Ratio fell 4.42% year-over-year to 0.56 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.56 (down 4.42% YoY) and the FY2025 annual result came in at 0.56, down 4.42% from the prior year.
  • Debt Ratio was 0.56 for Q4 2025 at Veon, up from 0.46 in the prior quarter.
  • Across five years, Debt Ratio topped out at 13.01 in Q4 2021 and bottomed at 0.29 in Q2 2023.
  • A 5-year average of 2.61 and a median of 0.58 in 2021 frame the typical range for Debt Ratio.
  • Peak annual rise in Debt Ratio reached 39.88% in 2024, while the deepest fall reached 85.52% in 2024.
  • Veon's Debt Ratio stood at 13.01 in 2021, then retreated by 25.62% to 9.68 in 2022, then plunged by 58.32% to 4.03 in 2023, then plunged by 85.52% to 0.58 in 2024, then dropped by 4.42% to 0.56 in 2025.
  • Business Quant data shows VEON's Debt Ratio at 0.56 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 America Movil Sab De Cv 1,543.97 Bn 1,543.97 Bn 7.08 Bn -
2 Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk 1,427.96 Bn -8,564.04 Bn - 0.15
3 Grupo Televisa, S.A.B 958.85 Bn 957.15 Bn 317.18 Mn 0.34
4 Chunghwa Telecom 334.17 Bn 331.99 Bn 719.92 Mn 0.01
5 Verizon Communications 198.41 Bn 190.05 Bn 29.14 Bn 0.41
6 T-Mobile US 192.12 Bn 189.29 Bn 17.74 Bn 0.42
7 At&T 169.04 Bn 151.47 Bn 25.25 Bn 0.34
8 Veon 90.84 Bn 90.84 Bn - -
9 Tim 50.18 Bn 50.03 Bn 677.20 Mn 0.03
10 Telefonica Brasil 45.44 Bn 43.70 Bn 1.32 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2025 0.56
Jun 30, 2025 0.46
Dec 31, 2024 0.58
Jun 30, 2024 0.41
Dec 31, 2023 4.03
Jun 30, 2023 0.29
Dec 31, 2022 9.68
Jun 30, 2022 0.53
Dec 31, 2021 13.01
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 6.59
Sep 30, 2019 0.47
Mar 31, 2019 0.50
Dec 31, 2018 1.95