Veon (VEON) Debt to Equity (2014 - 2025)
Veon (VEON) reported Debt to Equity of $3.84 for Q4 2025, down 10.11% on a YoY basis from $4.27 in Q4 2024, and down 10.11% quarter-over-quarter from $4.27 in Q4 2024.
Veon (VEON) Debt to Equity (2014 - 2025) Analysis & Trends
Veon has reported Debt to Equity for 12 years, with the latest figure at $3.84 in Q4 2025.
- For the quarter ending Q4 2025, Debt to Equity fell 10.11% year-over-year to $3.84; the trailing twelve-month figure through Dec 2025 stood at $3.84 (down 10.11% YoY), and the FY2025 full-year result was $3.84, down 10.11% from the prior year.
- Debt to Equity for Q4 2025 stood at $3.84, down from $4.27 in the prior quarter.
- The five-year high for Debt to Equity was $18.17 in Q4 2021, with the low at $3.84 in Q4 2025.
- Historically, Debt to Equity has averaged $9.32 across 5 years, with a median of $5.96 in 2023.
- Annual changes were most pronounced in 2021 — Debt to Equity sank 70.64% — and 2025, when it fell 10.11%.
- Veon's Debt to Equity stood at $18.17 in 2021, then declined by 20.87% to $14.38 in 2022, then sank by 58.54% to $5.96 in 2023, then declined by 28.34% to $4.27 in 2024, then declined by 10.11% to $3.84 in 2025.
- The last three Debt to Equity figures came in at $3.84 (Q4 2025), $4.27 (Q4 2024), and $5.96 (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | 1.84 |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 1.54 |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 1.65 |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 1.10 |
| 5 | Telefonica Brasil | 146.21 Bn | 144.47 Bn | 1.32 Bn | - |
| 6 | America Movil Sab De Cv | 128.31 Bn | 126.27 Bn | 10.13 Bn | - |
| 7 | Chunghwa Telecom | 109.39 Bn | 107.21 Bn | 719.92 Mn | - |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | - |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | - |
| 10 | EchoStar | 33.61 Bn | 33.48 Bn | 3.13 Bn | 4.27 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.84 |
| Dec 31, 2024 | 4.27 |
| Dec 31, 2023 | 5.96 |
| Dec 31, 2022 | 14.38 |
| Dec 31, 2021 | 18.17 |
| Dec 31, 2020 | 61.88 |
| Dec 31, 2019 | 8.44 |
| Dec 31, 2018 | 2.14 |
| Dec 31, 2017 | 2.69 |
| Dec 31, 2016 | 1.87 |
| Dec 31, 2015 | 2.11 |
| Dec 31, 2014 | 0.00 |