The9 (NCTY) Debt Ratio (2013 - 2025)
The9's quarterly Debt Ratio came in at 0.29 in Q4 2025, up 109.97% year-on-year from 0.14 in Q4 2024, and up 47.0% quarter-over-quarter from 0.2 in Q2 2025.
The9 has reported Debt Ratio for 13 years, with the latest figure at 0.29 in Q4 2025.
- For the quarter ending Q4 2025, Debt Ratio rose 109.97% year-over-year to 0.29; the trailing twelve-month figure through Dec 2025 stood at 0.29 (up 109.97% YoY), and the FY2025 full-year result was 0.29, up 101.14% from the prior year.
- Debt Ratio for Q4 2025 stood at 0.29, up from 0.2 in the prior quarter.
- The five-year high for Debt Ratio was 0.29 in Q4 2025, with the low at 0.03 in Q4 2021.
- Average Debt Ratio over 5 years is 0.13, with a median of 0.14 recorded in 2024.
- Year-over-year, Debt Ratio slumped 95.37% in 2021 and surged 203.98% in 2024.
- Tracing NCTY's Debt Ratio over 5 years: stood at 0.03 in 2021, then soared by 88.52% to 0.05 in 2022, then dropped by 15.54% to 0.05 in 2023, then surged by 203.98% to 0.14 in 2024, then soared 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 0.08 |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 0.13 |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | - |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | - |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | - |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | The9 | 1.57 Bn | 1.57 Bn | - | 0.29 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.29 |
| Jun 30, 2025 | 0.20 |
| Dec 31, 2024 | 0.14 |
| Jun 30, 2024 | 0.14 |
| Dec 31, 2023 | 0.05 |
| Dec 31, 2022 | 0.05 |
| Dec 31, 2021 | 0.03 |
| Dec 31, 2020 | 0.62 |
| Dec 31, 2019 | 0.00 |
| Dec 31, 2018 | 0.36 |
| Dec 31, 2017 | 0.34 |
| Jun 30, 2017 | 0.39 |
| Dec 31, 2016 | 0.41 |
| Jun 30, 2016 | 0.15 |
| Dec 31, 2015 | 0.18 |
| Dec 31, 2014 | 0.02 |
| Dec 31, 2013 | 0.02 |