The9 Ltd

NAS:NCTYTechnologyNASDAQ:INDSnasdaq_composite

$3.14+0.64%LiveIn session · ≈ AED 11.53 · Market cap $51.65M · Next earnings Wed 2 Dec

NCTY · Ratios · TradingHolo

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	−30.2%	35.2%	−45.2%	−22.5%	−1.4%	1.7%	—	—
Operating margin	53,831.3%	−198.2%	−630.5%	−137.7%	−143.7%	−229.6%	−229.6%	+0.0 pts
Net margin	63,611.7%	−302.7%	−929.1%	−79.8%	−65.7%	−373.0%	−362.8%	+10.2 pts
EBITDA margin	−17,833.4%	−163.3%	−352.3%	−87.8%	−88.7%	−342.8%	—	—
Return on equity	−138.3%	−52.3%	−2,151.6%	−67.3%	−16.9%	−152.6%	−161.3%	−8.7 pts
Return on assets	821.4%	−31.0%	−162.7%	−38.2%	−11.7%	−67.7%	−65.9%	+1.8 pts
Return on capital employed	−106.6%	−34.7%	−1,893.1%	−119.3%	−37.8%	−98.9%	—	—
Debt / equity	−0.1×	0.1×	1.6×	0.4×	0.3×	0.9×	1.0×	+8.7%
Debt / assets	55.4%	7.6%	12.4%	20.6%	21.5%	39.5%	—	—
Interest coverage	82.7×	−2.2×	−28.3×	−7.6×	−4.8×	−10.6×	—	—
Current ratio	0.1×	1.9×	0.7×	1.4×	1.2×	1.0×	1.0×	+0.0%
Quick ratio	0.1×	1.1×	0.7×	1.4×	1.2×	1.0×	—	—
Cash ratio	0.1×	0.8×	0.1×	0.3×	0.1×	0.2×	0.2×	+0.0%
Asset turnover	0.0×	0.1×	0.2×	0.5×	0.2×	0.2×	—	—
Inventory turnover	0.2×	0.2×	—	—	—	—	—	—
Receivables turnover	209.8×	2.0×	19.3×	3,103.8×	14.7×	5.1×	—	—
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.