The9 annual debt-to-assets ratio
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2025
The9 Debt-to-Assets Ratio Growth & History (NCTY)
The9's debt-to-assets ratio was 0.10 for fiscal 2025.
View full The9 company overviewThe9 annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.10 | 0.03 | +35.80% |
| 2024 | 2024-12-31 | 0.07 | −0.13 | −63.25% |
| 2023 · Dec 31 | 2023-12-31 | 0.20 | 0.08 | +63.95% |
| 2022 | 2022-12-31 | 0.12 | 0.05 | +62.70% |
| 2021 | 2021-12-31 | 0.08 | −0.05 | −41.03% |
| 2020 | 2020-12-31 | 0.13 | −2.21 | −94.47% |
| 2019 | 2019-12-31 | 2.34 | 0.06 | +2.49% |
| 2018 | 2018-12-31 | 2.28 | 1.47 | +182.56% |
| 2017 | 2017-12-31 | 0.81 | −0.06 | −7.16% |
| 2016 | 2016-12-31 | 0.87 | 0.62 | +245.77% |
| 2015 | 2015-12-31 | 0.25 | — | — |
The9 quarterly debt-to-assets ratio
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Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q2.21
Q4.21
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 0.10 | 0.03 | +35.80% |
| Q4 2024 | 2024-12-31 | 0.07 | −0.13 | −63.25% |
| Q4 2023 · Dec 31 | 2023-12-31 | 0.20 | 0.08 | +63.95% |
| Q4 2022 | 2022-12-31 | 0.12 | 0.05 | +62.70% |
| Q4 2021 | 2021-12-31 | 0.08 | −0.05 | −41.03% |
| Q2 2021 | 2021-06-30 | 0.05 | — | — |
| Q4 2020 | 2020-12-31 | 0.13 | −2.21 | −94.47% |
| Q4 2019 | 2019-12-31 | 2.34 | 0.06 | +2.49% |
| Q4 2018 | 2018-12-31 | 2.28 | 1.47 | +182.56% |
| Q4 2017 | 2017-12-31 | 0.81 | −0.06 | −7.16% |
| Q4 2016 | 2016-12-31 | 0.87 | 0.62 | +245.77% |
| Q4 2015 | 2015-12-31 | 0.25 | — | — |
The9 debt-to-assets ratio trends
Over the last five fiscal years, The9's debt-to-assets ratio decreased from 0.13 to 0.10, a change of −0.03. The latest reported quarter, Q4 2025, shows 0.10.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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