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| Date | Value |
|---|---|
| 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 |