VNET Group (VNET Group) Debt-to-Equity : 2.86 (As of Dec. 2023)

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What is VNET Group Debt-to-Equity?

VNET Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $820 Mil. VNET Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,585 Mil. VNET Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $842 Mil. VNET Group's debt to equity for the quarter that ended in Dec. 2023 was 2.86.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for VNET Group's Debt-to-Equity or its related term are showing as below:

VNET' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 1.18 Max: 2.86
Current: 2.86

During the past 13 years, the highest Debt-to-Equity Ratio of VNET Group was 2.86. The lowest was 0.52. And the median was 1.18.

VNET's Debt-to-Equity is ranked worse than
94.59% of 2220 companies
in the Software industry
Industry Median: 0.21 vs VNET: 2.86

VNET Group Debt-to-Equity Historical Data

The historical data trend for VNET Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

VNET Group Debt-to-Equity Chart

VNET Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.10

1.26

1.54

2.23

2.86

VNET Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.23	2.35	2.44	2.61	2.86

Competitive Comparison of VNET Group's Debt-to-Equity

For the Information Technology Services subindustry, VNET Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

VNET Group's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, VNET Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where VNET Group's Debt-to-Equity falls into.

VNET Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

VNET Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(820.396	+	1584.515)	/	842.331
	=	2.86

VNET Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(820.396	+	1584.515)	/	842.331
	=	2.86

VNET Group (NAS:VNET) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

VNET Group Debt-to-Equity Related Terms

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VNET Group (VNET Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

217A:Germany

Address

No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016

Website

https://www.vnet.com

VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.