TON Strategy (TONX) Debt Ratio (2015 - 2025)

TON Strategy (TONX) posted Debt Ratio of 0.0 for Q4 2025, up 60.98% on a QoQ basis from 0.0 in Q3 2025, and down 74.39% year-over-year from 0.0 in Q4 2024.

TON Strategy (TONX) Debt Ratio (2015 - 2025) Analysis & Trends

TON Strategy's Debt Ratio history runs 11 years deep, the most recent figure standing at 0.0 for Q4 2025.

  • Quarterly Debt Ratio fell 74.39% year-over-year to 0.0 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.0 (down 74.39% YoY) and the FY2025 annual result came in at 0.0, down 74.39% from the prior year.
  • Debt Ratio was 0.0 for Q4 2025 at TON Strategy, up from 0.0 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.52 in Q2 2023 and bottomed at 0.0 in Q3 2025.
  • A 5-year average of 0.08 and a median of 0.02 in 2022 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2021 — Debt Ratio tumbled 99.25% — and 2023, when it jumped 2316.39%.
  • TON Strategy's Debt Ratio stood at 0.15 in 2021, then soared by 130.4% to 0.34 in 2022, then slumped by 90.21% to 0.03 in 2023, then tumbled by 85.78% to 0.0 in 2024, then sank by 74.39% to 0.0 in 2025.
  • Business Quant data shows TONX's Debt Ratio at 0.0 in Q4 2025, 0.0 in Q3 2025, and 0.0 in Q4 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 0.08
2 Full Truck Alliance 188.77 Bn 186.13 Bn - 0.00
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn -
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 0.18
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 0.37
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 0.24
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 0.06
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 0.24
10 TON Strategy 42,108.45 -35.09 Mn 3.96 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 0.00
Sep 30, 2025 0.00
Dec 31, 2024 0.00
Sep 30, 2024 0.00
Jun 30, 2024 0.00
Mar 31, 2024 0.01
Dec 31, 2023 0.03
Sep 30, 2023 0.02
Jun 30, 2023 0.52
Mar 31, 2023 0.01
Dec 31, 2022 0.34
Sep 30, 2022 0.00
Jun 30, 2022 0.02
Mar 31, 2022 0.08
Dec 31, 2021 0.15
Sep 30, 2021 0.06
Jun 30, 2021 0.11
Mar 31, 2021 0.09
Dec 31, 2020 0.05
Sep 30, 2020 7.45