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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

The9 (NCTY) Equity Ratio (2009 - 2025)

The9's quarterly Equity Ratio came in at 0.29 in Q4 2025, down 46.23% year-on-year from 0.53 in Q4 2024, and down 46.23% quarter-over-quarter from 0.53 in Q4 2024.

The9 has reported Equity Ratio for 17 years, with the latest figure at 0.29 in Q4 2025.

  • For the quarter ending Q4 2025, Equity Ratio fell 46.23% year-over-year to 0.29; the trailing twelve-month figure through Dec 2025 stood at 0.29 (down 46.23% YoY), and the FY2025 full-year result was 0.32, down 39.56% from the prior year.
  • Equity Ratio for Q4 2025 stood at 0.29, down from 0.53 in the prior quarter.
  • The five-year high for Equity Ratio was 0.66 in Q2 2021, with the low at 0.05 in Q4 2022.
  • Average Equity Ratio over 5 years is 0.43, with a median of 0.52 recorded in 2024.
  • Year-over-year, Equity Ratio tumbled 92.11% in 2022 and surged 984.64% in 2023.
  • Tracing NCTY's Equity Ratio over 5 years: stood at 0.58 in 2021, then plunged by 92.11% to 0.05 in 2022, then jumped by 984.64% to 0.5 in 2023, then grew by 6.69% to 0.53 in 2024, then plunged by 46.23% to 0.29 in 2025.
  • The last three Equity Ratio figures came in at 0.29 (Q4 2025), 0.53 (Q4 2024), and 0.5 (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 0.07
2 Goldman Sachs 318.59 Bn -618.96 Bn - 0.06
3 Schwab Charles 154.74 Bn 109.76 Bn - 0.10
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 0.21
5 Interactive Brokers 39.54 Bn 50.13 Bn - 0.03
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 0.04
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 0.30
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 0.37
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 0.88
10 The9 1.57 Bn 1.57 Bn - 0.29

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 0.29
Dec 31, 2024 0.53
Dec 31, 2023 0.50
Dec 31, 2022 0.05
Dec 31, 2021 0.58
Jun 30, 2021 0.66
Dec 31, 2020 -13.78
Dec 31, 2019 -6.79
Jun 30, 2019 -5.81
Dec 31, 2018 -6.59
Dec 31, 2017 -2.48
Dec 31, 2016 -2.00
Dec 31, 2015 -0.45
Dec 31, 2014 0.13
Dec 31, 2013 0.35
Dec 31, 2012 0.67
Dec 31, 2011 0.77
Dec 31, 2010 0.83
Dec 31, 2009 0.87
Jun 30, 2009 0.86
Mar 31, 2009 0.81