VNETVNET Group, Inc.

$6.58

Is it safe?

Can VNET take a bad year?

VNET Group, Inc. carries $7.74B of net debt at 2.83× EBITDA: a load its earnings can carry.

$7.74B

Net debt · as at FY2025 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
2.83×

Net debt / EBITDA · 3.60× a year ago · the load is coming down

Cash runway
1.0 years

Cash runway · burning $1.43B a quarter at the current rate

Annualised volatility
90%

Annualised volatility · three times the market's own swing

Details
Total debtFY2025
$13.6B
Cash and short-term investments
$5.90B
Net debt
$7.74B
EBITDA, trailing twelve months
$2.74B
Operating profit, trailing twelve months
$780M
Debt / equity
2.19×
Total debt / EBITDA
4.98×
Annualised volatilitytwo years of daily moves
90%
Worst drawdown on file
−97%
Below its 52-week high
−53%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.