NIO Debt to Equity Ratio 2019-2025 | NIO

Current and historical debt to equity ratio values for NIO (NIO) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. NIO debt/equity for the three months ending December 31, 2025 was 2.08.
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NIO Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2025-12-31 $17.20B $0.59B 29.04
2025-09-30 $15.22B $0.52B 29.30
2025-06-30 $14.12B $-0.16B -90.42
2025-03-31 $13.57B $-0.04B -362.11
2024-12-31 $13.91B $0.83B 16.74
2024-09-30 $13.18B $1.64B 8.03
2024-06-30 $11.60B $2.24B 5.18
2024-03-31 $11.55B $2.88B 4.02
2023-12-31 $12.91B $3.63B 3.56
2023-09-30 $11.86B $2.18B 5.44
2023-06-30 $10.03B $2.02B 4.96
2023-03-31 $10.12B $2.89B 3.50
2022-12-31 $10.46B $3.49B 3.00
2022-09-30 $9.49B $4.13B 2.30
2022-06-30 $9.20B $4.82B 1.91
2022-03-31 $8.37B $5.39B 1.55
2021-12-31 $7.55B $5.46B 1.38
2021-09-30 $6.91B $3.81B 1.81
2021-06-30 $6.07B $4.08B 1.49
2021-03-31 $5.24B $4.09B 1.28
2020-12-31 $4.21B $4.16B 1.01
2020-09-30 $3.88B $1.18B 3.29
2020-06-30 $4.10B $-0.82B -5.00
2020-03-31 $3.30B $-1.14B -2.91
2019-12-31 $3.00B $-0.90B -3.32
2019-09-30 $2.85B $-0.49B -5.77
2019-06-30 $2.79B $-0.14B -20.45
2019-03-31 $2.79B $0.35B 8.00
2018-09-30 $1.14B $1.33B 0.86
Sector Industry Market Cap Revenue
Auto/Tires/Trucks Auto Manufacturers - Foreign $14.935B $12.511B
NIO is a pioneer in China's EV market. NIO's unique selling proposition is to provide EVs at competitive pricing. Importantly, NIO does not really manufacture its own cars. It contracts state-owned JAC Motors, headquartered in eastern China's Anhui province, to make vehicles. In turn, JAC charges fee for every car. In fact, NIO does not have a dealership network and instead sells its vehicles through apps and a network of swanky NIO Houses, located in some of the most expensive areas of China's largest cities.
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