Vnet VNET
NASDAQ VNET
$6.53 -0.22 (-3.33%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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