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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |