The9 (NCTY) Debt to Equity (2013 - 2025)
The9's quarterly Debt to Equity came in at $1.03 in Q4 2025, up 290.46% year-on-year from $0.26 in Q4 2024, and up 290.46% quarter-over-quarter from $0.26 in Q4 2024.
The9 has reported Debt to Equity for 13 years, with the latest figure at $1.03 in Q4 2025.
- For the quarter ending Q4 2025, Debt to Equity rose 290.46% year-over-year to $1.03; the trailing twelve-month figure through Dec 2025 stood at $1.03 (up 290.46% YoY), and the FY2025 full-year result was $0.89, up 232.79% from the prior year.
- Debt to Equity for Q4 2025 stood at $1.03, up from $0.26 in the prior quarter.
- The five-year high for Debt to Equity was $1.19 in Q4 2022, with the low at $0.05 in Q4 2021.
- Average Debt to Equity over 5 years is $0.52, with a median of $0.26 recorded in 2024.
- Year-over-year, Debt to Equity jumped 2289.61% in 2022 and tumbled 92.21% in 2023.
- Tracing NCTY's Debt to Equity over 5 years: stood at $0.05 in 2021, then jumped by 2289.61% to $1.19 in 2022, then plunged by 92.21% to $0.09 in 2023, then surged by 184.91% to $0.26 in 2024, then surged by 290.46% to $1.03 in 2025.
- The last three Debt to Equity figures came in at $1.03 (Q4 2025), $0.26 (Q4 2024), and $0.09 (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 1.04 |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 2.11 |
| 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 | - | 1.03 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.03 |
| Dec 31, 2024 | 0.26 |
| Dec 31, 2023 | 0.09 |
| Dec 31, 2022 | 1.19 |
| Dec 31, 2021 | 0.05 |
| Dec 31, 2020 | -0.05 |
| Dec 31, 2019 | 0.00 |
| Dec 31, 2018 | -0.05 |
| Dec 31, 2017 | -0.14 |
| Dec 31, 2016 | -0.20 |
| Dec 31, 2015 | -0.40 |
| Dec 31, 2014 | 0.19 |
| Dec 31, 2013 | 0.05 |