The9 Ltd ADR (NCTY) — Working Capital to Net Assets Ratio
The9 Ltd ADR (NCTY) has a Working Capital to Net Assets ratio of 28.0% as of June 2025. Working capital of $18.27 Million (current assets of $52.20 Million minus current liabilities of $33.93 Million) is measured against net assets of $65.29 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See The9 Ltd ADR (NCTY) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
The9 Ltd ADR Working Capital to Net Assets (2001–2024)
This chart shows how The9 Ltd ADR's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2001 to 2024. As of June 2025, the ratio stands at 28.0%, reflecting working capital of $18.27 Million against net assets of $65.29 Million USD. Check tangible equity quality of The9 Ltd ADR to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for The9 Ltd ADR (2001–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for The9 Ltd ADR from 2001 to 2024, covering 24 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see how much is The9 Ltd ADR worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 8.9% | $38.08 Million | $427.51 Million | $243.69 Million | $205.61 Million | ▼ -24.1 pp |
| 2023 | 33.1% | $59.94 Million | $181.34 Million | $222.80 Million | $162.85 Million | ▲ +653.0 pp |
| 2022 | -620.0% | $-170.74 Million | $27.54 Million | $393.43 Million | $564.16 Million | ▼ -686.3 pp |
| 2021 | 66.3% | $506.22 Million | $763.46 Million | $1.05 Billion | $544.30 Million | ▲ +18.1 pp |
| 2020 | 48.3% | $-322.06 Million | $-667.44 Million | $42.32 Million | $364.37 Million | ▼ -25.1 pp |
| 2019 | 73.4% | $-903.61 Million | $-1.23 Billion | $154.47 Million | $1.06 Billion | ▼ -7.3 pp |
| 2018 | 80.7% | $-875.41 Million | $-1.08 Billion | $33.01 Million | $908.42 Million | ▲ +1.4 pp |
| 2017 | 79.3% | $-636.33 Million | $-802.35 Million | $183.11 Million | $819.45 Million | ▼ -27.4 pp |
| 2016 | 106.7% | $-485.71 Million | $-455.28 Million | $88.04 Million | $573.75 Million | ▼ -454.7 pp |
| 2015 | 561.4% | $-350.71 Million | $-62.47 Million | $77.26 Million | $427.97 Million | ▲ +582.1 pp |
| 2014 | -20.7% | $-40.74 Million | $196.39 Million | $255.85 Million | $296.59 Million | ▲ +38.2 pp |
| 2013 | -58.9% | $-112.03 Million | $190.13 Million | $218.06 Million | $330.09 Million | ▼ -105.2 pp |
| 2012 | 46.3% | $346.90 Million | $749.21 Million | $664.62 Million | $317.71 Million | ▼ -22.2 pp |
| 2011 | 68.5% | $857.14 Million | $1.25 Billion | $1.17 Billion | $311.52 Million | ▼ -12.6 pp |
| 2010 | 81.1% | $1.25 Billion | $1.54 Billion | $1.56 Billion | $316.32 Million | ▲ +7.0 pp |
| 2009 | 74.1% | $1.49 Billion | $2.01 Billion | $1.80 Billion | $311.51 Million | ▲ +2.3 pp |
| 2008 | 71.7% | $1.95 Billion | $2.72 Billion | $2.49 Billion | $543.77 Million | ▲ +1.3 pp |
| 2007 | 70.4% | $1.98 Billion | $2.81 Billion | $2.42 Billion | $440.64 Million | ▲ +10.6 pp |
| 2006 | 59.8% | $797.99 Million | $1.34 Billion | $1.09 Billion | $288.18 Million | ▲ +23.8 pp |
| 2005 | 36.0% | $339.38 Million | $942.37 Million | $611.24 Million | $271.86 Million | ▼ -44.4 pp |
| 2004 | 80.4% | $705.91 Million | $877.51 Million | $855.20 Million | $149.29 Million | ▼ -229.4 pp |
| 2003 | 309.9% | $-39.21 Million | $-12.65 Million | $95.00 Million | $134.21 Million | ▲ +249.5 pp |
| 2002 | 60.4% | $-35.31 Million | $-58.46 Million | $11.68 Million | $46.98 Million | ▲ +22.1 pp |
| 2001 | 38.3% | $-11.53 Million | $-30.14 Million | $11.67 Million | $23.20 Million | — |