XD (XDNCF) Debt-to-Equity: 0.03 (As of Dec. 2025) — 50% Below Median

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XDNCF XD Inc XDNCF
90 GF Score
Price $2.70
GF Value $2.65
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What is XD Debt-to-Equity?

XD XDNCF +17.39% 90 Debt-to-Equity is 0.03 as of Dec. 2025, which is 50% below its 10-year median of 0.06. GuruFocus rates XDNCF with a GF Score™ of 90/100 and a GF Value™ of $2.65. Among 412 Interactive Media companies, XD ranks better than 80.34% on this metric.

XD's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $6.4 Mil. XD's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $0.0 Mil. XD's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $545.4 Mil. XD's debt to equity for the quarter that ended in Dec. 2025 was 0.01.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for XD's Debt-to-Equity or its related term are showing as below:

XDNCF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.06   Max: 1.11
Current: 0.03

During the past 10 years, the highest Debt-to-Equity Ratio of XD was 1.11. The lowest was 0.02. And the median was 0.06.

XDNCF's Debt-to-Equity is ranked better than
80.34% of 412 companies
in the Interactive Media industry
Industry Median: 0.135 vs XDNCF: 0.03

XD  (OTCPK:XDNCF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


XD Debt-to-Equity Related Terms


XD Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for XD's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

XD Debt-to-Equity Chart

XD Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 1.10 0.94 0.06 0.03

XD Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.06 0.04 0.03 0.03

XDNCF vs NTES, TTWO, RBLX: Debt-to-Equity Comparison

For the Electronic Gaming & Multimedia subindustry, XD's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


XD Debt-to-Equity vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, XD's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where XD's Debt-to-Equity falls into.


XDNCF
90GF Score
XD Inc XDNCF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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XD Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

XD's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

XD's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.03 mean?
XD (XDNCF) has a Debt-to-Equity of 0.03 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on XD and its competitors. This is 50% below median its historical median of 0.06. Over the past decade, XD's Debt-to-Equity has ranged from 0.02 to 1.11. According to the industry distribution chart, XD ranks #81 out of 412 companies in the Interactive Media industry, placing it in the top 19.7%.
Is XD's Debt-to-Equity too high?
XD's current Debt-to-Equity of 0.03 is 50% below median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.11. The Interactive Media industry median Debt-to-Equity is 0.14. XD's value of 0.03 is 77.8% below this industry median. Based on the distribution chart, XD ranks #81 out of 412 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, XD has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does XD's Debt-to-Equity compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, XD ranks #81 out of 412 companies for Debt-to-Equity. This places XD in the top 20% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.14. XD's value of 0.03 is 77.8% below this benchmark. Historically, XD's own Debt-to-Equity has ranged from 0.02 to 1.11 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.14, XD has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Interactive Media company?
The median Debt-to-Equity among Interactive Media companies is 0.14, based on 412 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. XD's current Debt-to-Equity of 0.03 is 77.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on XD and its competitors. For the Interactive Media industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XD's current Debt-to-Equity is 0.03, which is 50% below median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XD stock overvalued right now?
XD (XDNCF) has a current Debt-to-Equity of 0.03. The stock's GF Value™ is $2.65, compared to a current price of $2.70 — trading 1.9% above its estimated fair value. The current Debt-to-Equity is 0.03, which is 50% below median its 10-year median of 0.06 and 77.8% below the Interactive Media industry median of 0.14. XD's overall GF Score™ is 90/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For XD (XDNCF), the current Debt-to-Equity is 0.03 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is XD (XDNCF) Overvalued in 2026?

Based on GuruFocus' analysis, XD stock appears to be overvalued. The current stock price of $2.70 is trading 1.9% above its estimated GF Value™ of $2.65.

Key valuation signals for XDNCF:

  • Debt-to-Equity: 0.03 (50% below median its 10-year median of 0.06)
  • GF Value™: $2.65 vs. price of $2.70 (1.9% above fair value)
  • GF Score™: 90/100
  • Industry Position: 77.8% below the Interactive Media median (#81 of 412)

No single metric tells the full story. See the XDNCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


XD Business Description

Other Exchanges 02400:Hong Kong3OE:Germany
Address Wanrong Road, Unit A2, No. 700, Shanghai, CHN
XD Inc is an investment holding company. It is principally engaged in the development, operation, publishing and distribution of mobile and web games and operation of TapTap, a game community and platform. Its operating segments are game segment, offers game publishing and operating services on its own and via other Distribution Channels. Revenues from the game segment are mainly derived from game publishing and operating services. The TapTap platform segment offers online marketing services to game developers, game publishers, or their agents through the group's self-developed primary game community and platform. It generates majority of revenue from Game segment. Geographically majority of revenue comes from Chinese mainland.
90GF Score

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.70
Price
$2.65
GF Value