Vnet (VNET) Debt Ratio (2010 - 2026)
Vnet's (VNET) quarterly Debt Ratio came in at 10.14 in Q2 2026, down 49.87% year-over-year from 20.22 in Q2 2025, and down 21.49% quarter-over-quarter from 12.91 in Q1 2026.
Analysis
Vnet (VNET) Debt Ratio (2010 - 2026) Analysis & Trends
Vnet has disclosed Debt Ratio across 17 years of filings, most recently posting 10.14 for Q2 2026.
- In Q2 2026, Debt Ratio fell 49.87% year-over-year to 10.14; the TTM figure through Jun 2026 stood at 10.14 (down 49.87% YoY), while the FY2025 annual figure was 11.02, down 55.99% from the prior year.
- Debt Ratio came in at 10.14 for Q2 2026 at Vnet, down from 12.91 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 28.71 in Q1 2025 to a low of 0.19 in Q4 2022.
- Average Debt Ratio over 5 years is 10.93, with a median of 10.67 recorded in 2023.
- Year-over-year, Debt Ratio sank 59.14% in 2022 and soared 2889.42% in 2025.
- Over 5 years, Debt Ratio stood at 0.19 in 2022, then soared by 45.09% to 0.27 in 2023, then surged by 35.63% to 0.37 in 2024, then soared by 2889.42% to 11.02 in 2025, then dropped by 8.0% to 10.14 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 10.14 in Q2 2026, 12.91 in Q1 2026, and 11.02 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 0.48 |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | 0.52 |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | 0.50 |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | 0.75 |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 0.32 |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | 1.16 |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 10.14 |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | 0.07 |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 1.89 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.14 |
| Mar 31, 2026 | 12.91 |
| Dec 31, 2025 | 11.02 |
| Sep 30, 2025 | 12.99 |
| Jun 30, 2025 | 20.22 |
| Mar 31, 2025 | 28.71 |
| Dec 31, 2024 | 0.37 |
| Sep 30, 2024 | 23.56 |
| Jun 30, 2024 | 21.92 |
| Mar 31, 2024 | 14.65 |
| Dec 31, 2023 | 0.27 |
| Sep 30, 2023 | 10.67 |
| Jun 30, 2023 | 7.61 |
| Mar 31, 2023 | 7.39 |
| Dec 31, 2022 | 0.19 |
| Jun 30, 2022 | 1.62 |
| Mar 31, 2022 | 1.64 |
| Dec 31, 2021 | 0.17 |
| Sep 30, 2021 | 0.99 |
| Jun 30, 2021 | 3.97 |