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

Xero Limited (XRO) Ratios

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Xero Limited Ratios

AU:XRO's free cash flow for Q2 2026 was $0.75. For the 2026 fiscal year, AU:XRO's free cash flow was decreased by $ and operating cash flow was $0.24. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
2.27 1.24 6.62 4.95 5.45
Quick Ratio
2.27 1.24 6.60 4.95 5.45
Cash Ratio
1.59 1.12 1.89 0.90 2.06
Solvency Ratio
0.19 0.23 0.25 0.08 0.13
Operating Cash Flow Ratio
0.48 0.39 2.26 1.60 1.22
Short-Term Operating Cash Flow Coverage
0.83 0.66 0.00 0.00 0.00
Net Current Asset Value
$ 2.30B$ 278.41M$ 188.98M$ -161.60M$ -237.95M
Leverage Ratios
Debt-to-Assets Ratio
0.19 0.30 0.41 0.46 0.44
Debt-to-Equity Ratio
0.30 0.61 0.88 1.08 0.99
Debt-to-Capital Ratio
0.23 0.38 0.47 0.52 0.50
Long-Term Debt-to-Capital Ratio
0.00 0.00 0.44 0.49 0.46
Financial Leverage Ratio
1.52 2.03 2.12 2.36 2.27
Debt Service Coverage Ratio
0.37 0.47 10.34 3.40 4.70
Interest Coverage Ratio
6.94 0.62 5.69 1.94 0.81
Debt to Market Cap
0.06 0.05 0.05 0.07 0.05
Interest Debt Per Share
7.73 8.58 8.36 7.42 7.19
Net Debt to EBITDA
-3.20 -1.29 1.42 4.66 2.80
Profitability Margins
Gross Profit Margin
82.27%89.04%91.08%72.33%72.52%
EBIT Margin
20.43%23.05%17.46%-2.66%3.30%
EBITDA Margin
26.82%36.50%32.50%13.40%19.76%
Operating Profit Margin
16.28%3.61%15.10%6.10%3.24%
Pretax Profit Margin
19.07%17.25%15.28%-5.41%0.22%
Net Profit Margin
11.64%10.83%10.19%-8.11%-0.83%
Continuous Operations Profit Margin
11.64%10.83%10.19%-7.77%-0.76%
Net Income Per EBT
61.04%62.82%66.68%150.02%-385.70%
EBT Per EBIT
117.15%477.89%101.24%-88.60%6.64%
Return on Assets (ROA)
4.20%5.10%5.43%-4.76%-0.40%
Return on Equity (ROE)
8.54%10.38%11.50%-11.24%-0.90%
Return on Capital Employed (ROCE)
8.60%3.19%8.83%3.99%1.69%
Return on Invested Capital (ROIC)
4.15%1.31%5.85%5.94%-6.47%
Return on Tangible Assets
5.14%6.94%8.14%-7.76%-0.96%
Earnings Yield
1.55%0.87%0.73%-0.83%-0.06%
Efficiency Ratios
Receivables Turnover
13.16 18.11 23.02 17.29 16.21
Payables Turnover
3.58 18.88 14.22 22.69 19.98
Inventory Turnover
0.00 0.00 24.17 0.00 284.37M
Fixed Asset Turnover
21.56 17.03 12.55 10.58 7.05
Asset Turnover
0.36 0.47 0.53 0.59 0.48
Working Capital Turnover Ratio
1.52 1.98 1.30 1.50 1.17
Cash Conversion Cycle
-74.16 0.83 5.29 5.02 4.25
Days of Sales Outstanding
27.73 20.16 15.85 21.11 22.51
Days of Inventory Outstanding
0.00 0.00 15.10 0.00 <0.01
Days of Payables Outstanding
101.89 19.33 25.67 16.09 18.26
Operating Cycle
27.73 20.16 30.95 21.11 22.51
Cash Flow Ratios
Operating Cash Flow Per Share
5.77 4.77 3.95 2.54 1.62
Free Cash Flow Per Share
5.70 3.09 2.29 0.68 -0.03
CapEx Per Share
0.08 1.68 1.54 1.86 1.65
Free Cash Flow to Operating Cash Flow
0.99 0.65 0.58 0.27 -0.02
Dividend Paid and CapEx Coverage Ratio
75.62 2.84 2.56 1.37 0.98
Capital Expenditure Coverage Ratio
75.62 2.84 2.56 1.37 0.98
Operating Cash Flow Coverage Ratio
0.78 0.61 0.49 0.36 0.24
Operating Cash Flow to Sales Ratio
0.42 0.39 0.38 0.28 0.22
Free Cash Flow Yield
5.16%2.00%1.59%0.76%-0.03%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
64.91 115.59 136.46 -120.94 -1.77K
Price-to-Sales (P/S) Ratio
8.05 12.52 13.91 9.81 14.72
Price-to-Book (P/B) Ratio
4.15 11.99 15.69 13.60 15.89
Price-to-Free Cash Flow (P/FCF) Ratio
19.47 50.09 63.08 131.25 -3.71K
Price-to-Operating Cash Flow Ratio
18.05 32.44 36.59 35.17 68.31
Price-to-Earnings Growth (PEG) Ratio
6.45 2.85 -0.56 -0.11 12.27
Price-to-Fair Value
4.15 11.99 15.69 13.60 15.89
Enterprise Value Multiple
26.80 33.02 44.20 77.88 77.30
Enterprise Value
15.72B 23.03B 22.59B 14.27B 17.07B
EV to EBITDA
26.63 33.02 44.20 77.88 77.30
EV to Sales
7.14 12.05 14.37 10.43 15.27
EV to Free Cash Flow
17.29 48.21 65.18 139.61 -3.85K
EV to Operating Cash Flow
17.06 31.22 37.80 37.40 70.88
Tangible Book Value Per Share
18.14 5.97 2.70 0.57 -2.33
Shareholders’ Equity Per Share
25.10 12.90 9.20 6.58 6.98
Tax and Other Ratios
Effective Tax Rate
0.39 0.37 0.33 -0.50 4.86
Revenue Per Share
13.79 12.36 10.38 9.12 7.53
Net Income Per Share
1.61 1.34 1.06 -0.74 -0.06
Tax Burden
0.61 0.63 0.67 1.50 -3.86
Interest Burden
0.93 0.75 0.88 2.03 0.07
Research & Development to Revenue
0.24 0.00 0.00 0.23 0.22
SG&A to Revenue
0.06 0.11 0.41 0.51 0.50
Stock-Based Compensation to Revenue
0.04 0.00 0.00 0.06 0.06
Income Quality
3.60 0.00 0.00 -3.44 -25.93
Currency in NZD