The9 (NCTY) Debt Ratio (2013 - 2026)

The9 (NCTY) posted Debt Ratio of 0.16 for Q2 2026, down 26.16% on a QoQ basis from 0.22 in Q1 2026, and down 23.6% year-over-year from 0.21 in Q2 2025.

Analysis

The9 (NCTY) Debt Ratio (2013 - 2026) Analysis & Trends

The9 has reported Debt Ratio for 14 years, with the latest figure at 0.16 in Q2 2026.

On a quarterly basis, Debt Ratio fell 23.6% year-over-year to 0.16 in Q2 2026; TTM through Jun 2026 was 0.16, a 23.6% decrease from a year earlier, with the FY2025 full-year figure at 0.33, up 16.56% from the prior year.
Debt Ratio was 0.16 for Q2 2026 at The9, down from 0.22 in the prior quarter.
The five-year high for Debt Ratio was 0.34 in Q4 2025, with the low at 0.11 in Q4 2022.
Average Debt Ratio over 5 years is 0.2, with a median of 0.19 recorded in 2025.
The largest YoY upside for Debt Ratio was 124.5% in 2024 against a maximum downside of 62.56% in 2024.
Over 5 years, Debt Ratio stood at 0.11 in 2022, then increased by 18.36% to 0.12 in 2023, then jumped by 124.5% to 0.28 in 2024, then climbed by 19.78% to 0.34 in 2025, then tumbled by 51.87% to 0.16 in 2026.
The last three Debt Ratio figures came in at 0.16 (Q2 2026), 0.22 (Q1 2026), and 0.34 (Q4 2025), per Business Quant data.

Peer Set

Peer Comparison

All peers

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	NetEase	74.18 Bn	64.04 Bn	3.13 Bn	0.05
2	Electronic Arts	52.84 Bn	50.56 Bn	1.71 Bn	0.12
3	Take Two Interactive Software	38.42 Bn	36.59 Bn	882.50 Mn	0.35
4	Roblox	34.16 Bn	31.13 Bn	1.18 Bn	0.10
5	The9	2.85 Bn	2.85 Bn	319,000.00	0.16
6	Playtika Holding	842.89 Mn	404.39 Mn	538.20 Mn	0.78
7	DoubleDown Interactive	631.81 Mn	78.25 Mn	71.22 Mn	0.03
8	Gravity	481.91 Mn	481.47 Mn	34,891.11	-
9	Sohu.com	327.69 Mn	-504.94 Mn	133.81 Mn	-
10	Gdev	201.47 Mn	119.23 Mn	-	-

Historic Data

Download Data

Date	Value
Jun 30, 2026	0.16
Mar 31, 2026	0.22
Dec 31, 2025	0.34
Jun 30, 2025	0.21
Dec 31, 2024	0.28
Jun 30, 2024	0.11
Dec 31, 2023	0.12
Jun 30, 2023	0.30
Dec 31, 2022	0.11
Jun 30, 2022	0.16
Dec 31, 2021	0.07
Jun 30, 2021	0.13
Dec 31, 2020	0.62
Jun 30, 2020	0.00
Dec 31, 2019	2.93
Jun 30, 2019	0.76
Dec 31, 2018	3.68
Jun 30, 2018	0.46
Dec 31, 2017	0.96
Jun 30, 2017	0.38

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_KEY

import 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();

API documentation

The9 (NCTY) Debt Ratio (2013 - 2026)