The9 (FRA:FZK0) Accounts Payable: €2.36 Mil (As of Dec. 2025)

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FRA:FZK0 The9 Ltd FRA:FZK0
49 GF Score
Price €3.70
GF Value €2.10
Valuation Significantly Overvalued
! 8 Warning Signs
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What is The9 Accounts Payable?

The9 FRA:FZK0 +3.93% 49 Accounts Payable is €2.36 Mil as of Dec. 2025. GuruFocus rates FRA:FZK0 with a GF Score™ of 49/100 and a GF Value™ of €2.10 (Significantly Overvalued). The stock has 8 warning signs investors should review.

The9's Accounts Payable for the quarter that ended in Dec. 2025 was €2.36 Mil.

The9's quarterly Accounts Payable increased from Dec. 2024 (€0.73 Mil) to Jun. 2025 (€0.95 Mil) and increased from Jun. 2025 (€0.95 Mil) to Dec. 2025 (€2.36 Mil).

The9's annual Accounts Payable declined from Dec. 2023 (€1.23 Mil) to Dec. 2024 (€0.73 Mil) but then increased from Dec. 2024 (€0.73 Mil) to Dec. 2025 (€2.36 Mil).

The9 Accounts Payable Historical Data

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The historical data trend for The9's Accounts Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The9 Accounts Payable Chart

The9 Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.54 0.97 1.23 0.73 2.36

The9 Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.23 1.13 0.73 0.95 2.36
FRA:FZK0
49GF Score
The9 Ltd FRA:FZK0
Accounts Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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The9 Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of €2.36 Mil mean?
The9 (FRA:FZK0) has a Accounts Payable of €2.36 Mil as of Dec. 2025. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on The9 and its competitors.
Is The9's Accounts Payable too high?
The9's current Accounts Payable is €2.36 Mil. Overall, The9 has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The9's Accounts Payable compare to BTCS and PLUT?
The9's Accounts Payable of €2.36 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Capital Markets company?
A good Accounts Payable depends on the Capital Markets industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on The9 and its competitors. The9's current Accounts Payable is €2.36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The9 stock overvalued right now?
Based on GuruFocus' analysis, The9 (FRA:FZK0) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.10, compared to a current price of €3.70 — trading 76.2% above its estimated fair value. The current Accounts Payable is €2.36 Mil. The9's overall GF Score™ is 49/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For The9 (FRA:FZK0), the current Accounts Payable is €2.36 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The9 (FRA:FZK0) Overvalued in 2026?

Based on GuruFocus' analysis, The9 stock appears to be overvalued. The current stock price of €3.70 is trading 76.2% above its estimated GF Value™ of €2.10. GuruFocus considers The9 to be Significantly Overvalued.

Key valuation signals for FRA:FZK0:

  • Accounts Payable: €2.36 Mil
  • GF Value™: €2.10 vs. price of €3.70 (76.2% above fair value)
  • GF Score™: 49/100 with 8 warning signs

No single metric tells the full story. See the FRA:FZK0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

The9 Business Description

Other Exchanges NCTY:USA
Address No.130 Wu Song Road, 17 Floor, Hong Kou District, Shanghai, CHN, 200080
The9 Ltd operates a cryptocurrency mining business. It provides computing power, or hash rate, to a Bitcoin mining pool and is entitled to receive a fractional share of Bitcoin award from the Bitcoin mining pool in return. The company generates its revenues from customers in Greater China, Asia/Eastern Europe, and North America. Its segments are: Crypto mining business, and Online game services, out of which Crypto mining business derives maximum revenue.
49GF Score

Get the complete analysis for FRA:FZK0

Accounts Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€3.70
Price
€2.10
GF Value