The9 Balance Sheet Health
Financial Health criteria checks 4/6
The9 has a total shareholder equity of CN¥181.3M and total debt of CN¥69.9M, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are CN¥363.7M and CN¥182.4M respectively.
Key information
38.6%
Debt to equity ratio
CN¥69.94m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥45.22m |
| Equity | CN¥181.34m |
| Total liabilities | CN¥182.39m |
| Total assets | CN¥363.73m |
Recent financial health updates
Recent updates
Cautious Investors Not Rewarding The9 Limited's (NASDAQ:NCTY) Performance Completely
Mar 05
The9 announces custody account with Coinbase Global's subsidiary
Jun 17The9 to acquire a Canadian clean energy cryptocurrency mining facilities
Jun 04The9 Limited: Skeptical Of This New Crypto Miner With Lofty Ambitions
Feb 02The9 rallies on signing term sheer with cryptocurrencies mining investors
Jan 04The9 receives Nasdaq notice
Nov 17Financial Position Analysis
Short Term Liabilities: NCTY's short term assets (CN¥222.8M) exceed its short term liabilities (CN¥162.9M).
Long Term Liabilities: NCTY's short term assets (CN¥222.8M) exceed its long term liabilities (CN¥19.5M).
Debt to Equity History and Analysis
Debt Level: NCTY's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: NCTY had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NCTY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NCTY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 24.7% each year