Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Naas TechnologyNAAS -0.09%38 Debt-to-Equity is -0.63 as of Dec. 2025. GuruFocus rates NAAS with a GF Score™ of 38/100. The stock has 7 warning signs investors should review. Among 1,019 Retail - Cyclical companies, Naas Technology ranks worse than 98135.33% on this metric.
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 Naas Technology's Debt-to-Equity or its related term are showing as below:
NAAS'
s Debt-to-Equity Range Over the Past 10 Years
Min: -22.14 Med: 0.02 Max: 1.91
Current: -0.63
During the past 6 years, the highest Debt-to-Equity Ratio of Naas Technology was 1.91. The lowest was -22.14. And the median was 0.02.
NAAS's Debt-to-Equity is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.56
vs NAAS: -0.63
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.
Naas Technology Debt-to-Equity Related Terms
Naas Technology Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Naas Technology'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.
NAAS vs PTLE, SPWH, NPT: Debt-to-Equity Comparison
For the Specialty Retail subindustry, Naas Technology'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.
Naas Technology Debt-to-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Naas Technology's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Naas Technology's Debt-to-Equity falls into.
* 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.
Naas Technology (NAAS) has a Debt-to-Equity of -0.63 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Naas Technology and its competitors. According to the industry distribution chart, Naas Technology ranks #999999 out of 1019 companies in the Retail - Cyclical industry.
Is Naas Technology's Debt-to-Equity too high?
Naas Technology's current Debt-to-Equity is -0.63. Based on the distribution chart, Naas Technology ranks #999999 out of 1019 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Naas Technology has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Naas Technology's Debt-to-Equity compare to PTLE and SPWH?
According to the Retail - Cyclical industry distribution chart, Naas Technology ranks #999999 out of 1019 companies for Debt-to-Equity. This places Naas Technology in the lower half of its industry. The industry median Debt-to-Equity is 0.56. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Retail - Cyclical company?
The median Debt-to-Equity among Retail - Cyclical companies is 0.56, based on 1,019 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Naas Technology and its competitors. For the Retail - Cyclical industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naas Technology's current Debt-to-Equity is -0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naas Technology stock overvalued right now?
Naas Technology (NAAS) has a current Debt-to-Equity of -0.63. The current Debt-to-Equity is -0.63. Naas Technology's overall GF Score™ is 38/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Naas Technology (NAAS), the current Debt-to-Equity is -0.63 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Naas Technology Inc is an electric vehicle charging service provider in China, whose vision is to power the world with carbon-neutral energy. It offers an integrated set of online solutions to charging station operators, a wide range of offline services that simplify the daily operations of charging station operators, and non-charging services such as food and beverage services to station operators.
38GF Score
Get the complete analysis for NAAS
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NAAS has been successfully added to your 
