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

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

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

TON Strategy has reported Debt Ratio for 11 years, with the latest figure at 0.0 in Q4 2025.

  • For the quarter ending Q4 2025, Debt Ratio fell 74.39% year-over-year to 0.0; the trailing twelve-month figure through Dec 2025 stood at 0.0 (down 74.39% YoY), and the FY2025 full-year result was 0.0, down 74.39% from the prior year.
  • Debt Ratio for Q4 2025 stood at 0.0, up from 0.0 in the prior quarter.
  • The five-year high for Debt Ratio was 0.22 in Q2 2021, with the low at 0.0 in Q3 2025.
  • Historically, Debt Ratio has averaged 0.05 across 5 years, with a median of 0.02 in 2022.
  • Annual changes were most pronounced in 2021 — Debt Ratio advanced 29.72% — and 2024, when it tumbled 85.82%.
  • TON Strategy's Debt Ratio stood at 0.1 in 2021, then tumbled by 38.88% to 0.06 in 2022, then tumbled by 42.92% to 0.03 in 2023, then plunged by 85.82% to 0.0 in 2024, then tumbled by 74.39% to 0.0 in 2025.
  • The last three Debt Ratio figures came in at 0.0 (Q4 2025), 0.0 (Q3 2025), and 0.0 (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Sap Se 262.33 Bn 244.36 Bn 8.16 Bn 0.08
2 Full Truck Alliance 173.49 Bn 170.93 Bn - 0.00
3 Salesforce 158.80 Bn 146.96 Bn 8.56 Bn 0.37
4 Shopify 144.36 Bn 138.62 Bn 1.55 Bn -
5 Uber Technologies 144.25 Bn 143.21 Bn 11.88 Bn 0.18
6 ServiceNow 118.74 Bn 113.56 Bn 2.83 Bn -
7 Cadence Design Systems 107.33 Bn 105.92 Bn 1.26 Bn 0.24
8 Adobe 100.50 Bn 93.61 Bn 5.73 Bn 0.03
9 Automatic Data Processing 92.49 Bn 89.26 Bn 2.87 Bn 0.06
10 TON Strategy 192.09 Mn 192.08 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 0.01
Mar 31, 2023 0.01
Dec 31, 2022 0.06
Sep 30, 2022 0.03
Jun 30, 2022 0.05
Mar 31, 2022 0.08
Dec 31, 2021 0.10
Sep 30, 2021 0.18
Jun 30, 2021 0.22
Mar 31, 2021 0.13
Dec 31, 2020 0.30
Sep 30, 2020 0.14