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

XChange TEC.INC (XHG) recorded quarterly Debt Ratio of 0.47 in Q3 2025, up 52.09% on a QoQ basis from 0.31 in Q1 2025, and up 1044.65% year-over-year from 0.04 in Q3 2024.

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

XChange TEC.INC has disclosed Debt Ratio across 8 years of filings, most recently posting 0.47 for Q3 2025.

  • Quarterly Debt Ratio rose 1044.65% year-over-year to 0.47 in Q3 2025, while the trailing twelve-month figure through Sep 2025 was 0.47 (up 1044.65% YoY) and the FY2025 annual result came in at 0.46, up 2671.38% from the prior year.
  • Debt Ratio rose to 0.47 in Q3 2025, from 0.31 in the prior quarter.
  • Over five years, Debt Ratio peaked at 5.21 in Q1 2022 and troughed at 0.04 in Q1 2024.
  • A 5-year average of 1.06 and a median of 0.39 in 2025 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2022 — Debt Ratio sank 96.48% — and 2025, when it jumped 1044.65%.
  • Tracing XHG's Debt Ratio over 5 years: stood at 1.94 in 2021, then plunged by 96.48% to 0.07 in 2022, then jumped by 657.35% to 0.52 in 2023, then plunged by 92.1% to 0.04 in 2024, then soared by 1044.65% to 0.47 in 2025.
  • Business Quant data shows XHG's Debt Ratio at 0.47 in Q3 2025, 0.31 in Q1 2025, and 0.04 in Q3 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 0.35
2 Aon 69.98 Bn 68.59 Bn - 0.29
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 0.16
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 0.21
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 0.27
6 XChange TEC.INC 6.75 Bn 6.75 Bn - 0.47
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 2.66
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn -
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn -
10 Baldwin Insurance 1.62 Bn 2.07 Bn - 0.38

Historic Data

Download Data
DateValue
Sep 30, 2025 0.47
Mar 31, 2025 0.31
Sep 30, 2024 0.04
Mar 31, 2024 0.04
Sep 30, 2023 0.52
Mar 31, 2023 0.26
Sep 30, 2022 0.07
Mar 31, 2022 5.21
Sep 30, 2021 1.94
Mar 31, 2021 1.79
Sep 30, 2020 0.24
Mar 31, 2020 0.58
Sep 30, 2019 0.24
Sep 30, 2018 0.17