XChange TEC.INC (XHG) Debt Ratio (2018 - 2025)

XChange TEC.INC (XHG) reported Debt Ratio of 0.47 for Q3 2025, up 1044.65% year-on-year from 0.04 in Q3 2024, and up 1044.65% quarter-over-quarter from 0.04 in Q3 2024.

XChange TEC.INC (XHG) has 8 years of Debt Ratio data on file, last reported at 0.47 in Q3 2025.

  • For the quarter ending Q3 2025, Debt Ratio rose 1044.65% year-over-year to 0.47; the trailing twelve-month figure through Sep 2025 stood at 0.47 (up 1044.65% YoY), and the FY2025 full-year result was 0.47, up 2706.53% from the prior year.
  • Debt Ratio for Q3 2025 stood at 0.47, up from 0.04 in the prior quarter.
  • Across five years, Debt Ratio topped out at 1.94 in Q3 2021 and bottomed at 0.01 in Q1 2023.
  • A 5-year average of 0.47 and a median of 0.27 in 2022 frame the typical range for Debt Ratio.
  • Across the five-year window, Debt Ratio tumbled 96.48% in 2022 and jumped 1044.65% in 2025, its largest moves.
  • Tracing XHG's Debt Ratio over 5 years: stood at 1.94 in 2021, then tumbled by 96.48% to 0.07 in 2022, then surged by 657.35% to 0.52 in 2023, then tumbled by 92.1% to 0.04 in 2024, then jumped by 1044.65% to 0.47 in 2025.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.47, 0.04, and 0.52 for Q3 2025, Q3 2024, and Q3 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 0.29
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 0.16
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 0.21
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 0.27
5 XChange TEC.INC 6.95 Bn 6.95 Bn - 0.47
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn -
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn -
8 Baldwin Insurance 1.84 Bn 2.28 Bn - 0.38
9 Goosehead Insurance 1.01 Bn 899.53 Mn - 0.81
10 Twfg 279.02 Mn 351.22 Mn - 0.01

Historic Data

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DateValue
Sep 30, 2025 0.47
Sep 30, 2024 0.04
Sep 30, 2023 0.52
Mar 31, 2023 0.01
Sep 30, 2022 0.07
Mar 31, 2022 0.05
Sep 30, 2021 1.94
Mar 31, 2021 0.66
Sep 30, 2020 0.24
Mar 31, 2020 0.32
Sep 30, 2019 0.24
Sep 30, 2018 0.17