XChange TEC.INC (XHG) — Net Asset Quality Index
XChange TEC.INC (XHG) has a Net Asset Quality Index of -1268.6% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $69.39 Million minus total liabilities of $949.73 Million yields net assets of $-880.33 Million. A higher index indicates a stronger, lower-leverage balance sheet. See XHG days of operational coverage to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
XChange TEC.INC Net Asset Quality Index Over Time (2017–2025)
This chart shows how XChange TEC.INC's Net Asset Quality Index has evolved across 9 annual periods from 2017 to 2025. As of December 2025, the index stands at -1268.6%, representing net assets of $-880.33 Million against total assets of $69.39 Million USD. Explore how efficiently does XChange TEC.INC generate cash to assess how effectively this company generates cash.
Annual Net Asset Quality Index for XChange TEC.INC (2017–2025)
The table below presents the year-by-year Net Asset Quality Index for XChange TEC.INC from 2017 to 2025, covering 9 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see XChange TEC.INC market capitalisation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -1268.6% | $-880.33 Million | $69.39 Million | $949.73 Million | ▼ -1197.5 pp |
| 2024 | -71.1% | $-556.57 Million | $782.84 Million | $1.34 Billion | ▲ +680.1 pp |
| 2023 | -751.2% | $-643.42 Million | $85.65 Million | $729.08 Million | ▼ -151.6 pp |
| 2022 | -599.6% | $-572.86 Million | $95.54 Million | $668.40 Million | ▲ +58.4 pp |
| 2021 | -658.0% | $-2.48 Billion | $377.63 Million | $2.86 Billion | ▼ -423.6 pp |
| 2020 | -234.4% | $-1.99 Billion | $850.73 Million | $2.85 Billion | ▼ -189.4 pp |
| 2019 | -45.1% | $-810.87 Million | $1.80 Billion | $2.61 Billion | ▼ -1.3 pp |
| 2018 | -43.7% | $-779.13 Million | $1.78 Billion | $2.56 Billion | ▼ -6.2 pp |
| 2017 | -37.6% | $-425.97 Million | $1.13 Billion | $1.56 Billion | — |