The9 Balance Sheet Health
Financial Health criteria checks 6/6
The9 has a total shareholder equity of CN¥324.9M and total debt of CN¥132.2M, which brings its debt-to-equity ratio to 40.7%. Its total assets and total liabilities are CN¥636.6M and CN¥311.8M respectively.
Key information
40.68%
Debt to equity ratio
CN¥132.16m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥10.91m |
| Equity | CN¥324.87m |
| Total liabilities | CN¥311.77m |
| Total assets | CN¥636.64m |
Recent financial health updates
No updates
Recent updates
Some Confidence Is Lacking In The9 Limited (NASDAQ:NCTY) As Shares Slide 31%
Jun 14
The9 Limited's (NASDAQ:NCTY) 28% Share Price Plunge Could Signal Some Risk
Mar 07The9 Limited's (NASDAQ:NCTY) Share Price Could Signal Some Risk
Jan 13Market Cool On The9 Limited's (NASDAQ:NCTY) Revenues Pushing Shares 29% Lower
Aug 06The9 Limited (NASDAQ:NCTY) Stock Rockets 32% But Many Are Still Ignoring The Company
Jun 18A Piece Of The Puzzle Missing From The9 Limited's (NASDAQ:NCTY) 27% Share Price Climb
May 03Cautious Investors Not Rewarding The9 Limited's (NASDAQ:NCTY) Performance Completely
Mar 05Financial Position Analysis
Short Term Liabilities: NCTY's short term assets (CN¥243.7M) exceed its short term liabilities (CN¥205.6M).
Long Term Liabilities: NCTY's short term assets (CN¥243.7M) exceed its long term liabilities (CN¥106.2M).
Debt to Equity History and Analysis
Debt Level: NCTY's net debt to equity ratio (37.3%) 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 sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NCTY is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/31 17:45 |
| End of Day Share Price | 2025/07/31 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The9 Limited is covered by 12 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eddie Leung | BofA Global Research |
| Andrey Glukhov | Brean Capital |
| Scott Kessler | CFRA Equity Research |