VNET Group (VNET Group) Debt-to-EBITDA : -2.37 (As of Dec. 2023)

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What is VNET Group Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

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 annualized EBITDA for the quarter that ended in Dec. 2023 was $-1,015 Mil. VNET Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -2.37.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

VNET' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -48.37 Med: 4.27 Max: 12.29
Current: -48.37

During the past 13 years, the highest Debt-to-EBITDA Ratio of VNET Group was 12.29. The lowest was -48.37. And the median was 4.27.

VNET's Debt-to-EBITDA is ranked worse than
100% of 1596 companies
in the Software industry
Industry Median: 1.055 vs VNET: -48.37

VNET Group Debt-to-EBITDA Historical Data

The historical data trend for VNET Group's Debt-to-EBITDA 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-EBITDA Chart

VNET Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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5.50

-6.81

4.91

11.92

-46.85

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-EBITDA	Get a 7-Day Free Trial															7.92	6.08	14.06	8.06	-2.37

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

For the Information Technology Services subindustry, VNET Group's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA Distribution in the Software Industry

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

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

VNET Group Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(820.396	+	1584.515)	/	-51.338
	=	-46.84

VNET Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(820.396	+	1584.515)	/	-1015.292
	=	-2.37

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

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

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

VNET Group Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of VNET Group's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

VNET Group (VNET Group) Business Description

Industry

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

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.