TON Strategy (TONX) Debt to Equity (2015 - 2025)
TON Strategy (TONX) reported Debt to Equity of $0.0 for Q4 2025, down 79.89% on a YoY basis from $0.01 in Q4 2024, and up 57.26% quarter-over-quarter from $0.0 in Q3 2025.
TON Strategy (TONX) Debt to Equity (2015 - 2025) Analysis & Trends
TON Strategy has reported Debt to Equity for 11 years, with the latest figure at $0.0 in Q4 2025.
- For the quarter ending Q4 2025, Debt to Equity fell 79.89% year-over-year to $0.0; the trailing twelve-month figure through Dec 2025 stood at $0.0 (down 79.89% YoY), and the FY2025 full-year result was $0.0, down 79.89% from the prior year.
- Debt to Equity for Q4 2025 stood at $0.0, up from $0.0 in the prior quarter.
- The five-year high for Debt to Equity was $0.6 in Q2 2021, with the low at -$0.22 in Q3 2023.
- Historically, Debt to Equity has averaged $0.11 across 5 years, with a median of $0.05 in 2022.
- Annual changes were most pronounced in 2023 — Debt to Equity slumped 476.8% — and 2024, when it jumped 106.16%.
- TON Strategy's Debt to Equity stood at $0.25 in 2021, then rose by 12.12% to $0.28 in 2022, then tumbled by 58.24% to $0.12 in 2023, then plunged by 94.73% to $0.01 in 2024, then sank by 79.89% to $0.0 in 2025.
- The last three Debt to Equity figures came in at $0.0 (Q4 2025), $0.0 (Q3 2025), and $0.01 (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | 0.13 |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | 0.00 |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | 1.15 |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | 0.42 |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | - |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | - |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | 0.44 |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | 0.07 |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | 0.63 |
| 10 | TON Strategy | 188.60 Mn | 188.59 Mn | 3.96 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 0.01 |
| Dec 31, 2023 | 0.12 |
| Sep 30, 2023 | -0.22 |
| Jun 30, 2023 | -0.09 |
| Mar 31, 2023 | 0.05 |
| Dec 31, 2022 | 0.28 |
| Sep 30, 2022 | 0.06 |
| Jun 30, 2022 | 0.08 |
| Mar 31, 2022 | 0.18 |
| Dec 31, 2021 | 0.25 |
| Sep 30, 2021 | 0.46 |
| Jun 30, 2021 | 0.60 |
| Mar 31, 2021 | 0.25 |
| Dec 31, 2020 | 0.90 |
| Sep 30, 2020 | 0.28 |