Xchange Tec.inc balance sheet

At the end of fiscal 2025, Xchange Tec.inc had total assets of $9.7m, total liabilities of $133m and shareholders' equity of −$124m. It held $1.5m in cash against $93.8m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Xchange Tec.inc: balance sheet, annual
Fiscal year	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2024Sept 2024	2025Sept 2025
Cash and equivalents	55	15	22	3	3	0	1	2
Receivables	—	0	0	0	0	0	5	3
Total current assets	—	65	83	30	27	10	10	6
Goodwill	—	—	—	—	—	—	101	3
Total assets	—	259	252	125	59	13	112	10
Accounts payable	—	63	39	43	50	17	5	4
Deferred revenue (current)	—	9	11	22	27	18	—	—
Total current liabilities	—	287	237	289	364	94	191	133
Short-term debt	—	19	45	112	87	15	5	5
Long-term debt	—	24	60	68	31	—	—	—
Total debt	0	43	105	181	118	15	152	94
Total liabilities	—	373	365	419	444	94	191	133
Shareholders' equity	−119	−210	−314	−295	−387	−81	−79	−124
Non-controlling interests and other (assets − liabilities − equity)	—	96	201	—	1	—	—	—
Shares outstanding	—	—	—	—	—	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Xchange Tec.inc's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Xchange Tec.inc.