The9 (NCTY) Debt Ratio (2013 - 2025)

The9's Debt Ratio history runs 13 years deep, the most recent figure standing at 0.29 for Q4 2025.

• In Q4 2025, Debt Ratio rose 109.97% year-over-year to 0.29; the TTM figure through Dec 2025 stood at 0.29 (up 109.97% YoY), while the FY2025 annual figure was 0.29, up 104.32% from the prior year.
• Debt Ratio was 0.29 for Q4 2025 at The9, up from 0.2 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.29 in Q4 2025 to a low of 0.03 in Q4 2021.
• Historically, Debt Ratio has averaged 0.13 across 5 years, with a median of 0.14 in 2024.
• The sharpest annual moves came in 2021 and 2024: Debt Ratio slumped 95.37% in 2021, then soared 203.98% in 2024.
• A 5-year view of Debt Ratio shows it stood at 0.03 in 2021, then surged by 88.52% to 0.05 in 2022, then slipped by 15.54% to 0.05 in 2023, then jumped by 203.98% to 0.14 in 2024, then surged by 109.97% to 0.29 in 2025.
• The last three Debt Ratio figures came in at 0.29 (Q4 2025), 0.2 (Q2 2025), and 0.14 (Q4 2024), per Business Quant data.