The9 Ltd (NCTY)
5.68
+0.08
(+1.43%)
USD |
NASDAQ |
Apr 17, 16:00
5.68
0.00 (0.00%)
After-Hours: 20:00
The9 Debt to Equity Ratio: 0.3294 for Dec. 31, 2023
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| December 31, 2023 | 0.3294 |
| June 30, 2023 | -0.5198 |
| December 31, 2022 | 1.389 |
| June 30, 2022 | 0.1974 |
| December 31, 2021 | 0.1196 |
| June 30, 2021 | 0.0726 |
| December 31, 2020 | 0.00 |
| June 30, 2020 | -0.3185 |
| December 31, 2019 | -0.6336 |
| June 30, 2019 | -0.7155 |
| Date | Value |
|---|---|
| December 31, 2018 | -0.6854 |
| June 30, 2018 | -0.7491 |
| December 31, 2017 | -0.7795 |
| June 30, 2017 | -0.7765 |
| December 31, 2016 | -1.001 |
| June 30, 2016 | -1.814 |
| December 31, 2015 | -0.8457 |
| June 30, 2015 | 0.00 |
| December 31, 2014 | 0.00 |
| June 30, 2014 | 0.00 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
-0.7155
Minimum
Jun 2019
1.389
Maximum
Dec 2022
-0.0079
Average
0.0363
Median
Debt to Equity Ratio Benchmarks
| Dunxin Financial Holdings Ltd | 0.6513 |
| CNFinance Holdings Ltd | 1.790 |
| Jianpu Technology Inc | 0.6036 |
| LexinFintech Holdings Ltd | 0.6802 |
| UP Fintech Holding Ltd | 0.3208 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 51.31M |
| Total Liabilities (Quarterly) | 25.73M |
| Shareholders Equity (Quarterly) | 29.10M |
| Current Ratio | 1.368 |
| Net Debt Paydown Yield | -0.09% |