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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Vnet (VNET) Debt to Equity (2016 - 2025)

Vnet has reported Debt to Equity over the past 16 years, most recently at $1.28 for Q4 2025.

  • For Q4 2025, Debt to Equity rose 145.17% year-over-year to $1.28; the TTM value through Dec 2025 reached $1.28, up 145.17%, while the annual FY2025 figure was $1.27, 137.88% up from the prior year.
  • Debt to Equity was $1.28 for Q4 2025 at Vnet, up from $0.52 in the prior quarter.
  • Across five years, Debt to Equity topped out at $1.28 in Q4 2025 and bottomed at $0.34 in Q4 2021.
  • The 5-year median for Debt to Equity is $0.52 (2024), against an average of $0.63.
  • Year-over-year, Debt to Equity decreased 21.54% in 2023 and then skyrocketed 145.17% in 2025.
  • Over 5 years, Debt to Equity stood at $0.34 in 2021, then skyrocketed by 59.62% to $0.55 in 2022, then dropped by 21.54% to $0.43 in 2023, then rose by 21.93% to $0.52 in 2024, then skyrocketed by 145.17% to $1.28 in 2025.
  • The last three reported values for Debt to Equity were $1.28 (Q4 2025), $0.52 (Q4 2024), and $0.43 (Q4 2023) per Business Quant data.