X Financial Class A (XYF) - Net Assets
Based on the latest financial reports, X Financial Class A (XYF) has net assets worth $7.74 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.56 Billion) and total liabilities ($5.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check X Financial Class A strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.74 Billion |
| % of Total Assets | 57.09% |
| Annual Growth Rate | 40.12% |
| 5-Year Change | 97.06% |
| 10-Year Change | N/A |
| Growth Volatility | 112.59 |
X Financial Class A - Net Assets Trend (2016–2025)
This chart illustrates how X Financial Class A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is X Financial Class A worth.
Annual Net Assets for X Financial Class A (2016–2025)
The table below shows the annual net assets of X Financial Class A from 2016 to 2025. Also explore X Financial Class A (XYF) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $7.84 Billion | +12.71% |
| 2024-12-31 | $6.95 Billion | +18.92% |
| 2023-12-31 | $5.85 Billion | +23.01% |
| 2022-12-31 | $4.75 Billion | +19.52% |
| 2021-12-31 | $3.98 Billion | +29.29% |
| 2020-12-31 | $3.08 Billion | -29.56% |
| 2019-12-31 | $4.37 Billion | +24.13% |
| 2018-12-31 | $3.52 Billion | +99.26% |
| 2017-12-31 | $1.77 Billion | +368.93% |
| 2016-12-31 | $376.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to X Financial Class A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 606756532700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.48 Billion | 69.98% |
| Common Stock | $206.79K | 0.00% |
| Other Comprehensive Income | $63.72 Million | 0.81% |
| Other Components | $2.29 Billion | 29.20% |
| Total Equity | $7.84 Billion | 100.00% |
X Financial Class A Competitors by Market Cap
The table below lists competitors of X Financial Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YONGHE MED.GR.DL-0000025
F:L97
|
$109.02 Million |
|
Laramide Resources Ltd.
TO:LAM
|
$109.04 Million |
|
Easy Field
TWO:6425
|
$109.21 Million |
|
Canadian Life Companies Split Corp
TO:LFE
|
$109.32 Million |
|
Pollux Investasi Internasional Tbk PT
JK:POLI
|
$108.97 Million |
|
Kyung Nong Corporation
KO:002100
|
$108.96 Million |
|
Taseco Air Services JSC
VN:AST
|
$108.91 Million |
|
Wooree E&L Co. Ltd
KQ:153490
|
$108.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in X Financial Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,953,154,642 to 7,836,800,637, a change of 883,645,995 (12.7%).
- Net income of 1,424,651,000 contributed positively to equity growth.
- Dividend payments of 154,770,124 reduced retained earnings.
- Share repurchases of 733,975,533 reduced equity.
- Other comprehensive income decreased equity by 17,327,603.
- Other factors increased equity by 365,068,255.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.42 Billion | +18.18% |
| Dividends Paid | $154.77 Million | -1.97% |
| Share Repurchases | $733.98 Million | -9.37% |
| Other Comprehensive Income | $-17.33 Million | -0.22% |
| Other Changes | $365.07 Million | +4.66% |
| Total Change | $- | 12.71% |
Book Value vs Market Value Analysis
This analysis compares X Financial Class A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $56.32 | $4.90 | x |
| 2017-12-31 | $226.82 | $4.90 | x |
| 2018-12-31 | $69.44 | $4.90 | x |
| 2019-12-31 | $81.95 | $4.90 | x |
| 2020-12-31 | $57.45 | $4.90 | x |
| 2021-12-31 | $70.83 | $4.90 | x |
| 2022-12-31 | $530.75 | $4.90 | x |
| 2023-12-31 | $723.77 | $4.90 | x |
| 2024-12-31 | $853.28 | $4.90 | x |
| 2025-12-31 | $1130.80 | $4.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently X Financial Class A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.17%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.87x
- Recent ROE (18.18%) is above the historical average (8.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -32.10% | 0.00% | -0.02x | 4.51x | $-156.82 Million |
| 2017 | 19.31% | 33.91% | 0.26x | 2.21x | $164.04 Million |
| 2018 | 25.10% | 40.69% | 0.47x | 1.32x | $531.30 Million |
| 2019 | 17.73% | 60.56% | 0.15x | 1.90x | $337.57 Million |
| 2020 | -42.54% | 0.00% | -0.01x | 2.45x | $-1.62 Billion |
| 2021 | 20.76% | 54.59% | 0.21x | 1.85x | $427.72 Million |
| 2022 | 17.08% | 34.95% | 0.26x | 1.86x | $336.67 Million |
| 2023 | 20.30% | 36.21% | 0.28x | 1.99x | $602.08 Million |
| 2024 | 22.15% | 26.23% | 0.50x | 1.70x | $844.59 Million |
| 2025 | 18.18% | 19.17% | 0.51x | 1.87x | $640.97 Million |
Industry Comparison
This section compares X Financial Class A's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $3,806,858,465
- Average return on equity (ROE) among peers: -9.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| X Financial Class A (XYF) | $7.74 Billion | -32.10% | 0.75x | $109.02 Million |
| Affirm Holdings Inc (AFRM) | $2.53 Billion | -38.88% | 2.22x | $21.14 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $1.49 Billion | 13.91% | 20.04x | $2.06 Billion |
| Federal Agricultural Mortgage Corporation (AGM-A) | $47.20 Million | 1.69% | 11.77x | $154.62 Million |
| Ally Financial Inc (ALLY) | $12.86 Billion | 13.33% | 13.92x | $12.34 Billion |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $79.49 Million |
| Atlanticus Holdings Corporation (ATLC) | $61.82 Million | -157.73% | 13.25x | $1.41 Billion |
| American Express Company (AXP) | $16.02 Billion | 21.50% | 11.12x | $212.59 Billion |
| Bread Financial Holdings, Inc. (BFH) | $3.05 Billion | 9.08% | 6.50x | $4.12 Billion |
| Credit Acceptance Corporation (CACC) | $288.44 Million | 8.55% | 1.99x | $6.04 Billion |
| Capital One Financial Corporation (COF) | $1.52 Billion | 23.96% | 7.80x | $124.19 Billion |
About X Financial Class A
X Financial, together with its subsidiaries, operates as an online personal finance company in the People's Republic of China. The company offers Xiaoying credit loans, which are online personal credit loan products comprising Xiaoying card loans and other unsecured loan products; and Xiaoying housing loans, a secured home equity loan product. It also provides guarantee, consulting, e-commerce, a… Read more