The9 (NCTY) Debt Ratio (2015 - 2026)
The9's (NCTY) Debt Ratio came in at 0.15 for Q2 2026, down 26.9% from 0.20 a year earlier and down 22.5% from the prior quarter.
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Analysis
The9 (NCTY) Debt Ratio (2015 - 2026) Analysis & Trends
For FY2025, The9's Debt Ratio stood at 0.57, up 289.9% from FY2024.
- In prior years, The9's Debt Ratio was 0.15 in FY2024 (-54.4%), 0.32 in FY2023 (+215.8%), 0.10 in FY2022 (+11.9%) and 0.09 in FY2021 (+59.3%).
- The Q2 2026 figure stands as the lowest quarterly Debt Ratio since Q4 2024.
- On a year-over-year basis, Debt Ratio increased in two of the last four quarters, with growth averaging 75.9%.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q4 2025, with growth of 307.0%; the weakest was Q4 2024, with a decline of 55.0%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,126.42 Bn | 3,883.94 Bn | 73.85 Bn | 0.11 |
| 2 | Meta Platforms | 1,763.57 Bn | 1,466.09 Bn | 49.47 Bn | 0.19 |
| 3 | Netflix | 287.17 Bn | 247.37 Bn | 6.52 Bn | 0.24 |
| 4 | Alibaba Group Holding | 252.08 Bn | 65.86 Bn | 15.11 Bn | 0.07 |
| 5 | Shopify | 224.54 Bn | 201.72 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 140.28 Bn | 112.08 Bn | 6.38 Bn | 0.19 |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - | 0.68 |
| 8 | PDD Holdings | 114.10 Bn | -129.68 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 108.24 Bn | 65.74 Bn | 1.86 Bn | - |
| 10 | The9 | 24.86 Mn | 6.66 Mn | 319,000.00 | 0.15 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.15 |
| Mar 31, 2026 | 0.19 |
| Dec 31, 2025 | 0.29 |
| Jun 30, 2025 | 0.20 |
| Dec 31, 2024 | 0.21 |
| Jun 30, 2024 | 0.14 |
| Dec 31, 2023 | 0.27 |
| Jun 30, 2023 | 0.24 |
| Dec 31, 2022 | 0.10 |
| Jun 30, 2022 | 0.08 |
| Dec 31, 2021 | 0.07 |
| Jun 30, 2021 | 0.05 |
| Jun 30, 2020 | 1.26 |
| Dec 31, 2019 | 2.93 |
| Jun 30, 2019 | 0.75 |
| Dec 31, 2018 | 2.99 |
| Jun 30, 2018 | 0.44 |
| Dec 31, 2017 | 1.61 |
| Jun 30, 2017 | 0.39 |
| Dec 31, 2016 | 562,238.47 |
API Access
The9 Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NCTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NCTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NCTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();