XChange TEC.INC (XHG) Debt Ratio (2018 - 2026)
XChange TEC.INC (XHG) posted Debt Ratio of 10.47 for Q1 2026, up 3.65% on a QoQ basis from 10.1 in Q3 2025, and up 12.07% year-over-year from 9.34 in Q1 2025.
XChange TEC.INC (XHG) Debt Ratio (2018 - 2026) Analysis & Trends
XChange TEC.INC's Debt Ratio history runs 9 years deep, the most recent figure standing at 10.47 for Q1 2026.
- Quarterly Debt Ratio rose 12.07% year-over-year to 10.47 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 10.47 (up 12.07% YoY) and the FY2025 annual result came in at 10.04, up 632.46% from the prior year.
- Debt Ratio was 10.47 for Q1 2026 at XChange TEC.INC, up from 10.1 in the prior quarter.
- Across five years, Debt Ratio topped out at 10.47 in Q1 2026 and bottomed at 0.07 in Q3 2022.
- A 5-year average of 4.26 and a median of 1.4 in 2024 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2022 — Debt Ratio tumbled 96.6% — and 2025, when it jumped 830.02%.
- XChange TEC.INC's Debt Ratio stood at 0.07 in 2022, then jumped by 657.35% to 0.52 in 2023, then jumped by 170.8% to 1.4 in 2024, then jumped by 618.81% to 10.1 in 2025, then grew by 3.65% to 10.47 in 2026.
- Business Quant data shows XHG's Debt Ratio at 10.47 in Q1 2026, 10.1 in Q3 2025, and 9.34 in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 84.27 Bn | 72.32 Bn | 6.04 Bn | 0.34 |
| 2 | Aon | 75.99 Bn | 74.60 Bn | - | 0.29 |
| 3 | Arthur J. Gallagher | 62.23 Bn | 60.85 Bn | - | 0.16 |
| 4 | Willis Towers Watson | 27.24 Bn | 25.46 Bn | 1.98 Bn | 0.21 |
| 5 | Brown & Brown | 23.60 Bn | 22.62 Bn | 1.61 Bn | 0.27 |
| 6 | Neptune Insurance Holdings | 4.12 Bn | 4.11 Bn | 26.44 Mn | 2.66 |
| 7 | Accelerant Holdings | 3.06 Bn | 1.55 Bn | 48.00 Mn | 0.01 |
| 8 | Corvel | 3.03 Bn | 2.68 Bn | 54.92 Mn | - |
| 9 | Baldwin Insurance | 2.43 Bn | 2.87 Bn | - | 0.38 |
| 10 | XChange TEC.INC | 51.96 Mn | 50.25 Mn | - | 10.47 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.47 |
| Sep 30, 2025 | 10.10 |
| Mar 31, 2025 | 9.34 |
| Sep 30, 2024 | 1.40 |
| Mar 31, 2024 | 1.00 |
| Sep 30, 2023 | 0.52 |
| Mar 31, 2023 | 0.26 |
| Sep 30, 2022 | 0.07 |
| Mar 31, 2022 | 5.21 |
| Sep 30, 2021 | 2.01 |
| Mar 31, 2021 | 1.79 |
| Sep 30, 2020 | 0.73 |
| Mar 31, 2020 | 0.58 |
| Sep 30, 2019 | 0.24 |
| Sep 30, 2018 | 0.11 |