XChange TEC.INC (XHG) Debt to Equity (2018 - 2025)
XChange TEC.INC (XHG) reported Debt to Equity of -$0.04 for Q3 2025, up 35.85% year-on-year from -$0.03 in Q3 2024, and up 35.85% quarter-over-quarter from -$0.06 in Q3 2024.
XChange TEC.INC (XHG) has 8 years of Debt to Equity data on file, last reported at -$0.04 in Q3 2025.
- For the quarter ending Q3 2025, Debt to Equity rose 35.85% year-over-year to -$0.04; the trailing twelve-month figure through Sep 2025 stood at -$0.04 (up 35.85% YoY), and the FY2025 full-year result was -$0.04, down 57.28% from the prior year.
- Debt to Equity for Q3 2025 stood at -$0.04, up from -$0.06 in the prior quarter.
- Across five years, Debt to Equity topped out at -$0.01 in Q3 2022 and bottomed at -$0.3 in Q3 2021.
- A 5-year average of -$0.09 and a median of -$0.06 in 2024 frame the typical range for Debt to Equity.
- Across the five-year window, Debt to Equity jumped 96.13% in 2022 and slumped 504.51% in 2023, its largest moves.
- Tracing XHG's Debt to Equity over 5 years: stood at -$0.3 in 2021, then jumped by 96.13% to -$0.01 in 2022, then slumped by 504.51% to -$0.07 in 2023, then increased by 16.56% to -$0.06 in 2024, then surged by 35.85% to -$0.04 in 2025.
- According to Business Quant data, Debt to Equity over the past three periods registered -$0.04, -$0.06, and -$0.07 for Q3 2025, Q3 2024, and Q3 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 1.47 |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | 0.53 |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 0.78 |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 0.63 |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | -0.04 |
| 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 | - | 2.35 |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | -2.62 |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 0.01 |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -0.04 |
| Sep 30, 2024 | -0.06 |
| Sep 30, 2023 | -0.07 |
| Sep 30, 2022 | -0.01 |
| Sep 30, 2021 | -0.30 |
| Sep 30, 2020 | -0.10 |
| Sep 30, 2019 | -0.19 |
| Sep 30, 2018 | -0.21 |