The9 (NCTY) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is The9 Debt-to-Equity?

The9's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.78 Mil. The9's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.74 Mil. The9's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $28.89 Mil. The9's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for The9's Debt-to-Equity or its related term are showing as below:

NCTY' s Debt-to-Equity Range Over the Past 10 Years
Min: -1 Med: -0.65 Max: 1.68
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of The9 was 1.68. The lowest was -1.00. And the median was -0.65.

NCTY's Debt-to-Equity is ranked better than
50.99% of 608 companies
in the Capital Markets industry
Industry Median: 0.37 vs NCTY: 0.36

The9 Debt-to-Equity Historical Data

The historical data trend for The9's Debt-to-Equity 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.

* Premium members only.

The9 Debt-to-Equity Chart

The9 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.65

-0.02

0.13

1.68

0.36

The9 Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.13	0.21	1.68	-0.58	0.36

Competitive Comparison of The9's Debt-to-Equity

For the Capital Markets subindustry, The9's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

The9's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The9's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The9's Debt-to-Equity falls into.

The9 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The9's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7.782	+	2.736)	/	28.889
	=	0.36

The9's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7.782	+	2.736)	/	28.889
	=	0.36

The9 (NAS:NCTY) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

The9 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of The9's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

The9 (NCTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The9 Ltd (NAS:NCTY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FZK0:Germany

Address

17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai, CHN, 200080

Website

https://www.the9.com

The9 Ltd is engaged in developing and operating online games and related services in China. It operates and develops proprietary and licensed online games, and proprietary mobile games, including CrossFire New Mobile Game and Audition. It generates online game service revenues primarily through an item-based revenue model, under which players play games for free, but are charged for in-game items, such as performance-enhancing items, clothing, and accessories. Geographically, it has a presence in Greater China (including PRC, Taiwan, Hong Kong, and Macau) and other areas.