XChange TEC.INC (XHG) Equity Ratio (2018 - 2025)
XChange TEC.INC (XHG) recorded quarterly Equity Ratio of 12.69 in Q3 2025, down 1684.35% on a QoQ basis from 0.71 in Q3 2024, and down 1684.35% year-over-year from 0.8 in Q3 2024.
XChange TEC.INC (XHG) Equity Ratio (2018 - 2025) Analysis & Trends
XChange TEC.INC has disclosed Equity Ratio across 8 years of filings, most recently posting 12.69 for Q3 2025.
- Quarterly Equity Ratio fell 1684.35% year-over-year to 12.69 in Q3 2025, while the trailing twelve-month figure through Sep 2025 was 12.69 (down 1684.35% YoY) and the FY2025 annual result came in at 12.69, down 1684.43% from the prior year.
- Equity Ratio retreated to 12.69 in Q3 2025, from 0.71 in the prior quarter.
- Over five years, Equity Ratio peaked at 0.71 in Q3 2024 and troughed at 12.69 in Q3 2025.
- A 5-year average of 5.41 and a median of 6.0 in 2022 frame the typical range for Equity Ratio.
- Annual changes were most pronounced in 2024 — Equity Ratio jumped 90.54% — and 2025, when it sank 1684.35%.
- Tracing XHG's Equity Ratio over 5 years: stood at 6.58 in 2021, then grew by 8.88% to 6.0 in 2022, then decreased by 25.28% to 7.51 in 2023, then soared by 90.54% to 0.71 in 2024, then plunged by 1684.35% to 12.69 in 2025.
- Business Quant data shows XHG's Equity Ratio at 12.69 in Q3 2025, 0.71 in Q3 2024, and 7.51 in Q3 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 0.25 |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 0.19 |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 0.30 |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 0.27 |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 0.42 |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | -12.69 |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | -2.50 |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 0.58 |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | 0.08 |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | 0.16 |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -12.69 |
| Sep 30, 2024 | -0.71 |
| Sep 30, 2023 | -7.51 |
| Mar 31, 2023 | -1.18 |
| Sep 30, 2022 | -6.00 |
| Sep 30, 2021 | -6.58 |
| Mar 31, 2021 | -3.23 |
| Sep 30, 2020 | -2.34 |
| Mar 31, 2020 | -0.57 |
| Sep 30, 2019 | -1.24 |
| Sep 30, 2018 | -0.80 |