Xero Limited (XRON) Ratios
Xero Limited Ratios
MX:XRON's free cash flow for Q4 2026 was $399.20M. For the 2026 fiscal year, MX:XRON's free cash flow was decreased by $-6.43M and operating cash flow was $405.63M. See a summary of the company’s cash flow.
| Ratios | Mar 26 | Mar 25 | Mar 24 | Mar 23 | Mar 22 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.09 | 1.24 | 6.62 | 4.95 | 5.45 |
| Quick Ratio | 1.09 | 1.24 | 6.60 | 4.95 | 5.45 |
| Cash Ratio | 0.35 | 1.12 | 1.89 | 0.90 | 2.22 |
| Solvency Ratio | 0.15 | 0.23 | 0.25 | -0.07 | 0.00 |
| Operating Cash Flow Ratio | 0.39 | 0.43 | 2.24 | 1.60 | 1.32 |
| Short-Term Operating Cash Flow Coverage | 0.79 | 0.73 | 33.32 | 23.66 | 18.19 |
| Net Current Asset Value | $ -903.35M | $ 278.41M | $ 188.98M | $ -161.60M | $ -314.83M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.23 | 0.30 | 0.41 | 0.46 | 0.40 |
| Debt-to-Equity Ratio | 0.39 | 0.61 | 0.88 | 1.08 | 0.92 |
| Debt-to-Capital Ratio | 0.28 | 0.38 | 0.47 | 0.52 | 0.48 |
| Long-Term Debt-to-Capital Ratio | 0.11 | 0.00 | 0.44 | 0.49 | 0.44 |
| Financial Leverage Ratio | 1.68 | 2.03 | 2.12 | 2.36 | 2.27 |
| Debt Service Coverage Ratio | 0.40 | 0.47 | 7.25 | 1.15 | 0.70 |
| Interest Coverage Ratio | 1.69 | 0.62 | 6.14 | 1.33 | 0.86 |
| Debt to Market Cap | 0.13 | 0.04 | 0.05 | 0.07 | 0.05 |
| Interest Debt Per Share | 14.15 | 8.58 | 8.36 | 7.42 | 6.67 |
| Net Debt to EBITDA | 1.65 | -1.29 | 1.42 | 8.08 | 11.00 |
| Profitability Margins | |||||
| Gross Profit Margin | 83.86% | 89.04% | 91.08% | 70.68% | 72.52% |
| EBIT Margin | 13.40% | 23.05% | 17.46% | 6.57% | 3.18% |
| EBITDA Margin | 27.52% | 36.50% | 32.50% | 7.55% | 4.43% |
| Operating Profit Margin | 11.48% | 3.61% | 16.27% | 4.09% | 3.18% |
| Pretax Profit Margin | 12.34% | 17.25% | 15.28% | -5.41% | 0.21% |
| Net Profit Margin | 6.08% | 10.83% | 10.19% | -8.11% | -0.82% |
| Continuous Operations Profit Margin | 6.12% | 10.83% | 10.19% | -8.11% | -0.82% |
| Net Income Per EBT | 49.28% | 62.82% | 66.68% | 150.02% | -385.70% |
| EBT Per EBIT | 107.47% | 477.89% | 93.96% | -132.09% | 6.64% |
| Return on Assets (ROA) | 1.83% | 5.10% | 5.43% | -4.87% | -0.39% |
| Return on Equity (ROE) | 3.07% | 10.38% | 11.50% | -11.51% | -0.88% |
| Return on Capital Employed (ROCE) | 4.80% | 3.19% | 9.52% | 2.74% | 1.64% |
| Return on Invested Capital (ROIC) | 1.96% | 1.31% | 6.26% | 2.70% | -6.49% |
| Return on Tangible Assets | 5.23% | 6.94% | 8.14% | -7.94% | -0.94% |
| Earnings Yield | 1.13% | 0.79% | 0.73% | -0.85% | -0.06% |
| Efficiency Ratios | |||||
| Receivables Turnover | 3.61 | 18.11 | 23.02 | 17.70 | 17.52 |
| Payables Turnover | 23.87 | 18.88 | 14.22 | 22.69 | 21.60 |
| Inventory Turnover | 0.00 | 0.00 | 24.17 | 0.00 | 0.00 |
| Fixed Asset Turnover | 15.17 | 17.03 | 12.55 | 10.83 | 7.05 |
| Asset Turnover | 0.30 | 0.47 | 0.53 | 0.60 | 0.48 |
| Working Capital Turnover Ratio | 7.97 | 1.98 | 1.30 | 1.59 | 1.21 |
| Cash Conversion Cycle | 85.73 | 0.83 | 5.29 | 4.54 | 3.93 |
| Days of Sales Outstanding | 101.02 | 20.16 | 15.85 | 20.63 | 20.83 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 15.10 | 0.00 | 0.00 |
| Days of Payables Outstanding | 15.29 | 19.33 | 25.67 | 16.09 | 16.90 |
| Operating Cycle | 101.02 | 20.16 | 30.95 | 20.63 | 20.83 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 6.09 | 5.26 | 3.91 | 2.54 | 1.62 |
| Free Cash Flow Per Share | 6.03 | 5.17 | 3.86 | 0.68 | -0.03 |
| Dividend Paid and CapEx Coverage Ratio | 99.29 | 61.79 | 89.84 | 1.37 | 0.98 |
| Capital Expenditure Coverage Ratio | 99.29 | 61.79 | 89.84 | 1.37 | 0.98 |
| Operating Cash Flow Coverage Ratio | 0.47 | 0.67 | 0.48 | 0.36 | 0.25 |
| Operating Cash Flow to Sales Ratio | 0.36 | 0.43 | 0.38 | 0.27 | 0.22 |
| Free Cash Flow Yield | 6.69% | 3.04% | 2.68% | 0.76% | -0.03% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 88.40 | 114.22 | 136.46 | -118.17 | -1805.16 |
| Price-to-Sales (P/S) Ratio | 5.39 | 13.77 | 13.91 | 9.58 | 14.72 |
| Price-to-Book (P/B) Ratio | 2.73 | 13.19 | 15.69 | 13.60 | 15.89 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 14.94 | 32.91 | 37.36 | 131.25 | -3712.05 |
| Price-to-Operating Cash Flow Ratio | 14.79 | 32.38 | 36.94 | 35.17 | 68.31 |
| Price-to-Earnings Growth (PEG) Ratio | -2.80 | 2.82 | -0.57 | -0.10 | 12.55 |
| Enterprise Value Multiple | 21.24 | 36.44 | 44.20 | 135.01 | 343.33 |
| Enterprise Value | 16.09B | 25.42B | 22.59B | 14.27B | 17.00B |
| EV to EBITDA | 21.24 | 36.44 | 44.20 | 135.01 | 343.33 |
| EV to Sales | 5.84 | 13.30 | 14.37 | 10.19 | 15.21 |
| EV to Free Cash Flow | 16.20 | 31.78 | 38.60 | 139.61 | -3834.87 |
| EV to Operating Cash Flow | 16.04 | 31.27 | 38.17 | 37.40 | 70.57 |
| Tangible Book Value Per Share | -3.16 | 5.97 | 2.70 | 0.57 | -2.33 |
| Shareholders’ Equity Per Share | 33.08 | 12.90 | 9.20 | 6.58 | 6.98 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.51 | 0.37 | 0.33 | -0.50 | 4.86 |
| Revenue Per Share | 16.73 | 12.36 | 10.38 | 9.33 | 7.53 |
| Net Income Per Share | 1.02 | 1.34 | 1.06 | -0.76 | -0.06 |
| Tax Burden | 0.49 | 0.63 | 0.67 | 1.50 | -3.86 |
| Interest Burden | 0.92 | 0.75 | 0.88 | -0.82 | 0.07 |
| Research & Development to Revenue | 0.18 | 0.19 | 0.00 | 0.38 | 0.22 |
| SG&A to Revenue | 0.36 | 0.43 | 0.41 | 0.12 | 0.13 |
| Stock-Based Compensation to Revenue | 0.00 | 0.08 | 0.00 | 0.06 | 0.06 |
| Income Quality | 5.57 | 3.56 | 0.00 | -3.97 | -25.93 |
Currency in NZD
