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 109.99% year-over-year to 0.29; the TTM figure through Dec 2025 stood at 0.29 (up 109.99% YoY), while the FY2025 annual figure was 0.29, up 110.39% from the prior year.
• Debt Ratio for Q4 2025 stood at 0.29, up from 0.14 in the prior quarter.
• The five-year high for Debt Ratio was 0.29 in Q4 2025, with the low at 0.01 in Q2 2023.
• The 5-year median for Debt Ratio is 0.03 (2022), against an average of 0.07.
• The sharpest annual moves came in 2021 and 2024: Debt Ratio tumbled 97.09% in 2021, then soared 230.21% in 2024.
• The9's Debt Ratio stood at 0.02 in 2021, then soared by 94.52% to 0.04 in 2022, then surged by 30.36% to 0.05 in 2023, then surged by 203.99% to 0.14 in 2024, then surged by 109.99% to 0.29 in 2025.
• Business Quant data shows NCTY's Debt Ratio at 0.29 in Q4 2025, 0.14 in Q4 2024, and 0.03 in Q2 2024.