Vnet (VNET) Debt Ratio (2010 - 2026)
Vnet's (VNET) Debt Ratio was 0.37 for the quarter ended Jun 30, 2026, up 21.7% from 0.31 a year earlier and up 1.4% from the prior quarter.
Powered by 
Analysis
Vnet (VNET) Debt Ratio (2010 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Debt Ratio at Vnet was 0.31, up 97.2% from the prior year.
- By year, Debt Ratio came in at 0.16 in the year ended Dec 31, 2024 (-52.8%), 0.33 in the year ended Dec 31, 2023 (+216.3%), 0.10 in the year ended Dec 31, 2022 (-60.4%) and 0.26 in the year ended Dec 31, 2021 (+564.8%).
- The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly Debt Ratio since the quarter ended Mar 31, 2025.
- Year over year, Debt Ratio gained in six of the last eight quarters, with growth averaging 30.4%.
- The high point for year-over-year Debt Ratio in five years was the quarter ended Dec 31, 2021 (growth of 564.8%); the low point was the quarter ended Mar 31, 2024 (a decline of 100.0%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 0.37 (quarter ended Mar 31, 2026), 0.33 (quarter ended Dec 31, 2025) and 0.32 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn | 0.05 |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn | 0.41 |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn | 0.20 |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn | 0.48 |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn | 0.31 |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn | 0.05 |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn | 1.29 |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn | 0.11 |
| 10 | Vnet | 1.53 Bn | -1.90 Bn | 74.45 Mn | 0.37 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.37 |
| Mar 31, 2026 | 0.37 |
| Dec 31, 2025 | 0.33 |
| Sep 30, 2025 | 0.32 |
| Jun 30, 2025 | 0.31 |
| Mar 31, 2025 | 0.41 |
| Dec 31, 2024 | 0.15 |
| Sep 30, 2024 | 0.28 |
| Jun 30, 2024 | 0.29 |
| Mar 31, 2024 | 0.27 |
| Dec 31, 2023 | 0.10 |
| Sep 30, 2023 | 0.31 |
| Jun 30, 2023 | 164,196.90 |
| Mar 31, 2023 | 184,901.42 |
| Dec 31, 2022 | 0.10 |
| Jun 30, 2022 | 0.37 |
| Mar 31, 2022 | 226,653.89 |
| Dec 31, 2021 | 0.26 |
| Sep 30, 2021 | 0.18 |
| Jun 30, 2021 | 0.32 |
API Access
Vnet 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=VNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "VNET", "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=VNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();