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Xero Limited (AU:XRO)
ASX:XRO
Australian Market
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Xero Limited (XRO) Ratios

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Xero Limited Ratios

AU:XRO's free cash flow for Q4 2025 was $0.89. For the 2025 fiscal year, AU:XRO's free cash flow was decreased by $ and operating cash flow was $0.17. See a summary of the company’s cash flow.
Ratios
TTM
Mar 25Mar 24Mar 23Mar 22
Liquidity Ratios
Current Ratio
1.24 6.62 4.95 5.45 7.13
Quick Ratio
1.24 6.60 4.95 5.45 7.13
Cash Ratio
1.12 1.89 0.90 2.06 3.90
Solvency Ratio
0.12 0.25 0.08 0.13 0.12
Operating Cash Flow Ratio
0.43 2.26 1.60 1.22 1.31
Short-Term Operating Cash Flow Coverage
0.73 0.00 0.00 0.00 85.03
Net Current Asset Value
$ 278.41M$ 188.98M$ -161.60M$ -237.95M$ -73.78M
Leverage Ratios
Debt-to-Assets Ratio
0.30 0.41 0.46 0.44 0.47
Debt-to-Equity Ratio
0.61 0.88 1.08 0.99 1.28
Debt-to-Capital Ratio
0.38 0.47 0.52 0.50 0.56
Long-Term Debt-to-Capital Ratio
0.00 0.44 0.49 0.46 0.53
Financial Leverage Ratio
2.03 2.12 2.36 2.27 2.71
Debt Service Coverage Ratio
0.22 12.61 3.40 4.70 2.21
Interest Coverage Ratio
0.00 6.94 1.94 0.81 0.60
Debt to Market Cap
0.04 0.05 0.07 0.05 0.04
Interest Debt Per Share
7.78 8.31 7.42 7.19 7.41
Net Debt to EBITDA
-2.40 1.42 4.66 2.80 1.55
Profitability Margins
Gross Profit Margin
89.04%91.08%72.33%72.52%71.75%
EBIT Margin
17.25%17.46%-2.66%3.30%6.49%
EBITDA Margin
17.89%32.50%13.40%19.76%22.05%
Operating Profit Margin
17.25%15.10%6.10%3.24%7.78%
Pretax Profit Margin
17.25%15.28%-5.41%0.22%-5.18%
Net Profit Margin
10.83%10.19%-8.11%-0.83%2.29%
Continuous Operations Profit Margin
10.83%10.19%-7.77%-0.76%2.11%
Net Income Per EBT
62.82%66.68%150.02%-385.70%-44.25%
EBT Per EBIT
100.01%101.24%-88.60%6.64%-66.51%
Return on Assets (ROA)
5.62%5.43%-4.76%-0.40%0.97%
Return on Equity (ROE)
11.74%11.50%-11.24%-0.90%2.64%
Return on Capital Employed (ROCE)
16.75%8.83%3.99%1.69%3.61%
Return on Invested Capital (ROIC)
6.91%5.85%5.94%-6.47%-1.61%
Return on Tangible Assets
7.63%8.14%-7.76%-0.96%1.28%
Earnings Yield
0.76%0.73%-0.83%-0.06%0.10%
Efficiency Ratios
Receivables Turnover
19.93 23.02 17.29 16.21 25.89
Payables Turnover
20.78 14.22 22.69 19.98 18.14
Inventory Turnover
0.00 24.17 0.00 284.37M 0.00
Fixed Asset Turnover
18.74 12.55 10.58 7.05 7.86
Asset Turnover
0.52 0.53 0.59 0.48 0.42
Working Capital Turnover Ratio
5.46 1.30 1.50 1.17 1.06
Cash Conversion Cycle
0.75 5.29 5.02 4.25 -6.02
Days of Sales Outstanding
18.32 15.85 21.11 22.51 14.10
Days of Inventory Outstanding
0.00 15.10 0.00 <0.01 0.00
Days of Payables Outstanding
17.57 25.67 16.09 18.26 20.12
Operating Cycle
18.32 30.95 21.11 22.51 14.10
Cash Flow Ratios
Operating Cash Flow Per Share
5.19 3.95 2.54 1.62 1.54
Free Cash Flow Per Share
5.11 2.29 0.68 -0.03 0.40
CapEx Per Share
0.08 1.54 1.86 1.65 1.14
Free Cash Flow to Operating Cash Flow
0.98 0.58 0.27 -0.02 0.26
Dividend Paid and CapEx Coverage Ratio
61.79 2.56 1.37 0.98 1.35
Capital Expenditure Coverage Ratio
61.79 2.56 1.37 0.98 1.35
Operating Cash Flow Coverage Ratio
0.67 0.49 0.36 0.24 0.23
Operating Cash Flow to Sales Ratio
0.39 0.38 0.28 0.22 0.26
Free Cash Flow Yield
2.54%1.59%0.76%-0.03%0.29%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
131.25 136.46 -120.94 -1.77K 1.00K
Price-to-Sales (P/S) Ratio
14.97 13.91 9.81 14.72 22.96
Price-to-Book (P/B) Ratio
14.98 15.69 13.60 15.89 26.46
Price-to-Free Cash Flow (P/FCF) Ratio
39.43 63.08 131.25 -3.71K 340.91
Price-to-Operating Cash Flow Ratio
36.84 36.59 35.17 68.31 89.15
Price-to-Earnings Growth (PEG) Ratio
11.72 -0.56 -0.11 12.27 1.93
Price-to-Fair Value
14.98 15.69 13.60 15.89 26.46
Enterprise Value Multiple
81.29 44.20 77.88 77.30 105.72
Enterprise Value
30.48B 22.59B 14.27B 17.07B 20.03B
EV to EBITDA
81.01 44.20 77.88 77.30 105.72
EV to Sales
14.49 14.37 10.43 15.27 23.31
EV to Free Cash Flow
38.16 65.18 139.61 -3.85K 345.98
EV to Operating Cash Flow
37.55 37.80 37.40 70.88 90.48
Tangible Book Value Per Share
5.91 2.70 0.57 -2.33 1.83
Shareholders’ Equity Per Share
12.76 9.20 6.58 6.98 5.20
Tax and Other Ratios
Effective Tax Rate
0.37 0.33 -0.50 4.86 1.45
Revenue Per Share
13.45 10.38 9.12 7.53 5.99
Net Income Per Share
1.46 1.06 -0.74 -0.06 0.14
Tax Burden
0.63 0.67 1.50 -3.86 -0.44
Interest Burden
1.00 0.88 2.03 0.07 -0.80
Research & Development to Revenue
0.31 0.00 0.23 0.22 0.19
SG&A to Revenue
0.11 0.41 0.51 0.50 0.47
Stock-Based Compensation to Revenue
0.07 0.00 0.06 0.06 0.05
Income Quality
3.56 0.00 -3.44 -25.93 11.06
Currency in NZD
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