TON Strategy TONX
NASDAQ TONX
$3.32 -0.10 (-2.92%)
At close: Sep 4, 2026 · 4:00 PM EDT

TON Strategy (TONX) Debt Ratio (2014 - 2025)

TON Strategy's (TONX) quarterly Debt Ratio came in at 0.0 in Q4 2025, down 81.82% on a YoY basis from 0.01 in Q4 2024, and up 60.98% quarter-over-quarter from 0.0 in Q3 2025.

Analysis

TON Strategy (TONX) Debt Ratio (2014 - 2025) Analysis & Trends

TON Strategy (TONX) has reported Debt Ratio for 12 consecutive years, with 0.0 the latest figure, recorded in Q4 2025.

  • For the quarter ending Q4 2025, Debt Ratio fell 81.82% year-over-year to 0.0; the trailing twelve-month figure through Dec 2025 stood at 0.0 (down 81.82% YoY), and the FY2025 full-year result was 0.0, down 81.82% from the prior year.
  • Debt Ratio improved to 0.0 in Q4 2025 per TONX's latest filing, from 0.0 in the prior quarter.
  • Across five years, Debt Ratio topped out at 1.03 in Q2 2023 and bottomed at 0.0 in Q3 2025.
  • Historically, Debt Ratio has averaged 0.24 across 5 years, with a median of 0.18 in 2022.
  • The sharpest annual moves came in 2023 and 2024: Debt Ratio jumped 598.07% in 2023, then slumped 99.42% in 2024.
  • Over 5 years, Debt Ratio stood at 0.24 in 2021, then jumped by 141.17% to 0.58 in 2022, then tumbled by 37.17% to 0.36 in 2023, then plunged by 98.16% to 0.01 in 2024, then sank by 81.82% to 0.0 in 2025.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.0, 0.0, and 0.01 for Q4 2025, Q3 2025, and Q4 2024 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Coinbase Global 48.70 Bn 39.92 Bn 1.16 Bn 0.41
2 Bullish 5.43 Bn 5.38 Bn 15.53 Mn 0.00
3 Canton Strategic Holdings 494.45 Mn 494.45 Mn - -
4 Cypherpunk Technologies 446.07 Mn 446.07 Mn - -
5 Coincheck 267.10 Mn 165.50 Mn 11.20 Mn 0.30
6 Exodus Movement 226.48 Mn -128.60 Mn - -
7 Wewards 214.97 Mn 214.97 Mn - -
8 Usbc 194.07 Mn 190.41 Mn - 0.23
9 TON Strategy 187.68 Mn 187.66 Mn - -
10 Universal Token 174.68 Mn 174.68 Mn - 0.04
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 0.00
Sep 30, 2025 0.00
Dec 31, 2024 0.01
Sep 30, 2024 0.01
Jun 30, 2024 0.01
Mar 31, 2024 0.11
Dec 31, 2023 0.36
Sep 30, 2023 0.34
Jun 30, 2023 1.03
Mar 31, 2023 0.45
Dec 31, 2022 0.58
Sep 30, 2022 0.15
Jun 30, 2022 0.15
Mar 31, 2022 0.13
Dec 31, 2021 0.24
Sep 30, 2021 0.23
Jun 30, 2021 0.34
Mar 31, 2021 0.22
Dec 31, 2020 0.30
Sep 30, 2020 17.57