XChange TEC.INC XHG
NASDAQ XHG
$3.14 -0.12 (-3.68%)
At close: Sep 10, 2026 · 4:00 PM EDT

XChange TEC.INC (XHG) Debt Ratio (2018 - 2026)

XChange TEC.INC (XHG) recorded quarterly Debt Ratio of 10.42 in Q1 2026, up 3.22% on a QoQ basis from 10.1 in Q3 2025, and up 11.8% YoY from 9.32 in Q1 2025.

Analysis

XChange TEC.INC (XHG) Debt Ratio (2018 - 2026) Analysis & Trends

XChange TEC.INC (XHG) has reported Debt Ratio for 9 consecutive years, with 10.42 the latest figure, recorded in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 11.8% year-over-year to 10.42; the trailing twelve-month figure through Mar 2026 stood at 10.42 (up 11.8% YoY), and the FY2025 full-year result was 10.04, up 629.59% from the prior year.
  • Debt Ratio was 10.42 for Q1 2026 at XChange TEC.INC, up from 10.1 in the prior quarter.
  • The five-year high for Debt Ratio was 10.42 in Q1 2026, with the low at 0.11 in Q3 2022.
  • Historically, Debt Ratio has averaged 4.52 across 5 years, with a median of 1.41 in 2024.
  • Annual changes were most pronounced in 2023 — Debt Ratio plunged 96.31% — and 2025, when it jumped 819.47%.
  • Tracing XHG's Debt Ratio over 5 years: stood at 0.11 in 2022, then soared by 414.42% to 0.57 in 2023, then surged by 146.89% to 1.41 in 2024, then soared by 616.0% to 10.1 in 2025, then grew by 3.22% to 10.42 in 2026.
  • Per Business Quant data, the three most recent Debt Ratio figures were 10.42 in Q1 2026, 10.1 in Q3 2025, and 9.32 in Q1 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Marsh & Mclennan Companies 85.01 Bn 72.81 Bn 6.04 Bn 0.36
2 Aon 65.60 Bn 64.34 Bn - 0.28
3 Arthur J. Gallagher 62.53 Bn 61.14 Bn - 0.18
4 Willis Towers Watson 29.65 Bn 27.99 Bn 2.09 Bn 0.21
5 Brown & Brown 22.09 Bn 21.17 Bn 1.41 Bn 0.26
6 XChange TEC.INC 16.16 Bn 16.16 Bn - 10.42
7 Erie Indemnity 11.12 Bn 10.78 Bn - -
8 Ryan Specialty Holdings 4.85 Bn 4.71 Bn - 0.30
9 Neptune Insurance Holdings 4.29 Bn 4.28 Bn - 2.35
10 Baldwin Insurance 2.73 Bn 2.54 Bn - 0.37
Historic Data

Historic Data

Download Data
DateValue
Mar 31, 2026 10.42
Sep 30, 2025 10.10
Mar 31, 2025 9.32
Sep 30, 2024 1.41
Mar 31, 2024 1.01
Sep 30, 2023 0.57
Mar 31, 2023 0.27
Sep 30, 2022 0.11
Mar 31, 2022 7.45
Sep 30, 2021 2.84
Mar 31, 2021 1.79
Sep 30, 2020 1.45
Mar 31, 2020 0.59
Sep 30, 2019 0.42
Sep 30, 2018 0.19