NetEaseNETTF -0.98%92 Cash-to-Debt is 15.60 as of Mar. 2026, which is 237% above its 10-year median of 4.63. GuruFocus rates NETTF with a GF Score™ of 92/100 and a GF Value™ of $22.78 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 560 Interactive Media companies, NetEase ranks better than 61.61% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. NetEase's cash to debt ratio for the quarter that ended in Mar. 2026 was 15.60.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, NetEasecould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for NetEase's Cash-to-Debt or its related term are showing as below:
NETTF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 3.11 Med: 4.63 Max: 24.16
Current: 15.6
During the past 13 years, NetEase's highest Cash to Debt Ratio was 24.16. The lowest was 3.11. And the median was 4.63.
NETTF's Cash-to-Debt is ranked better than 61.61% of 560
companies
in the Interactive Media industry
Industry Median: 4.87
vs NETTF: 15.60
NetEase (OTCPK:NETTF) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
NetEase Cash-to-Debt Related Terms
NetEase Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for NetEase's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Electronic Gaming & Multimedia subindustry, NetEase's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NetEase Cash-to-Debt vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where NetEase's Cash-to-Debt falls into.
* 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.
NetEase (NETTF) has a Cash-to-Debt of 15.60 as of Mar. 2026. This is 237% above median its historical median of 4.63. Over the past decade, NetEase's Cash-to-Debt has ranged from 3.11 to 24.16. According to the industry distribution chart, NetEase ranks #215 out of 560 companies in the Interactive Media industry, placing it in the top 38.4%.
Is NetEase's Cash-to-Debt too high?
NetEase's current Cash-to-Debt of 15.60 is 237% above median its 10-year median of 4.63. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 24.16. The Interactive Media industry median Cash-to-Debt is 4.87. NetEase's value of 15.60 is 220.3% above this industry median. Based on the distribution chart, NetEase ranks #215 out of 560 companies in the Interactive Media industry, which is above the industry midpoint. Overall, NetEase has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetEase's Cash-to-Debt compare to EA and TTWO?
According to the Interactive Media industry distribution chart, NetEase ranks #215 out of 560 companies for Cash-to-Debt. This puts NetEase in the upper half of its industry. The industry median Cash-to-Debt is 4.87. NetEase's value of 15.60 is 220.3% above this benchmark. Historically, NetEase's own Cash-to-Debt has ranged from 3.11 to 24.16 over the past decade. While the company's 10-year median is 4.63 vs. the industry median of 4.87, NetEase has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Interactive Media company?
The median Cash-to-Debt among Interactive Media companies is 4.87, based on 560 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NetEase's current Cash-to-Debt of 15.60 is 220.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Interactive Media industry, the median Cash-to-Debt is 4.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase's current Cash-to-Debt is 15.60, which is 237% above median its own 10-year median of 4.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (NETTF) is currently considered Modestly Overvalued. The stock's GF Value™ is $22.78, compared to a current price of $24.26 — trading 6.5% above its estimated fair value. The current Cash-to-Debt is 15.60, which is 237% above median its 10-year median of 4.63 and 220.3% above the Interactive Media industry median of 4.87. NetEase's overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For NetEase (NETTF), the current Cash-to-Debt is 15.60 as of Mar. 2026. 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 NetEase (NETTF) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase stock appears to be overvalued.
The current stock price of $24.26 is trading 6.5% above its estimated GF Value™ of $22.78.
GuruFocus considers NetEase to be Modestly Overvalued.
Key valuation signals for NETTF:
Cash-to-Debt: 15.60 (237% above median its 10-year median of 4.63)
GF Value™: $22.78 vs. price of $24.26 (6.5% above fair value)
Industry Position: 220.3% above the Interactive Media median (#215 of 560)
No single metric tells the full story. See the NETTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
92GF Score
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