The company's financial position remains precarious with a debt-to-equity ratio of 1.15 and a current ratio of 0.67, indicating limited liquidity to meet short-term obligations.
| Total Current Assets | 222.41M | 239.75M | 41.34M | 49.87M | 70.01M | 66.21M | 84.2M |
| Cash & Short-Term Investments | 28.46M | 37.11M | 12.1M | 6.54M | 7.47M | 2.91M | 9.25M |
| Cash Only | 28.46M | 37.11M | 12.1M | 6.54M | 7.47M | 2.91M | 9.25M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 130.25M | 131.02M | 21.07M | 31.84M | 52.74M | 53.12M | 62.6M |
| Days Sales Outstanding | 60.32 | 60.45 | 53.87 | 74.89 | 106.65 | 94.13 | 105.02 |
| Inventory | 11.38M | 11.37M | 3.82M | 4.04M | 4.53M | 4.09M | 5.37M |
| Days Inventory Outstanding | 6.42 | 6.21 | 13.35 | 12.8 | 12.08 | 9.05 | 11.17 |
| Other Current Assets | 52.31M | 31.55M | 1.38M | 2.5M | 477K | 0 | 0 |
| Total Non-Current Assets | 649.03M | 662.35M | 46.71M | 52.87M | 52.83M | 60.79M | 77.5M |
| Property, Plant & Equipment | 105.91M | 113.3M | 16.08M | 18.02M | 20.47M | 23.4M | 32.44M |
| Fixed Asset Turnover | 7.30x | 6.98x | 8.88x | 8.61x | 8.82x | 8.80x | 6.71x |
| Goodwill | 189.88M | 189.88M | 21.67M | 22.82M | 22.06M | 23.95M | 25.76M |
| Intangible Assets | 335.23M | 344.08M | 1.12M | 1.5M | 1.53M | 2.29M | 3.22M |
| Long-Term Investments | 2.06M | 0 | 0 | 0 | 31.45M | 250.02M | 0 |
| Other Non-Current Assets | 18.01M | 15.09M | 817K | 3.72M | -29.73M | -248.42M | 3.13M |
| Total Assets | 871.44M | 902.1M | 88.05M | 102.74M | 122.84M | 127M | 161.7M |
| Asset Turnover | 0.92x | 0.88x | 1.62x | 1.51x | 1.47x | 1.62x | 1.35x |
| Asset Growth % | 2553.69% | 924.59% | -14.3% | -16.36% | -3.27% | -21.46% | - |
| Total Current Liabilities | 330.68M | 322.04M | 68.77M | 82.07M | 101.89M | 102.42M | 104.73M |
| Accounts Payable | 69.78M | 55.7M | 12.55M | 13.28M | 16.86M | 14.1M | 13.39M |
| Days Payables Outstanding | 34.86 | 30.44 | 43.84 | 42.04 | 45 | 31.18 | 27.84 |
| Short-Term Debt | 46.18M | 34.33M | 4.96M | 3.86M | 4.97M | 18.6M | 9.25M |
| Deferred Revenue (Current) | 75.5M | 33.57M | 7.15M | 6.33M | 6.72M | 7.91M | 6.93M |
| Other Current Liabilities | 196.37M | 111.95M | 10.97M | 23.78M | 13.78M | 18.2M | 24.27M |
| Current Ratio | 0.67x | 0.74x | 0.60x | 0.61x | 0.69x | 0.65x | 0.80x |
| Quick Ratio | 0.64x | 0.71x | 0.55x | 0.56x | 0.64x | 0.61x | 0.75x |
| Cash Conversion Cycle | 31.87 | 36.23 | 23.39 | 45.65 | 73.73 | 72 | 88.36 |
| Total Non-Current Liabilities | 478.2M | 492.71M | 40.63M | 33.24M | 47.88M | 51.11M | 76.21M |
| Long-Term Debt | 26.04M | 353.27M | 25.42M | 14.3M | 25.61M | 14.38M | 27.49M |
| Capital Lease Obligations | 62.64M | 29.39M | 3.27M | 3.81M | 4.62M | 7.68M | 12.58M |
| Deferred Tax Liabilities | 151.51M | 52.59M | 0 | 0 | 1.06M | 0 | 0 |
| Other Non-Current Liabilities | 403.61M | 54.84M | 11.94M | 15.12M | 17.65M | 29.04M | 36.14M |
| Total Liabilities | 808.88M | 814.76M | 109.39M | 115.31M | 149.77M | 153.53M | 180.94M |
| Total Debt | 72.22M | 431.19M | 35.39M | 23.63M | 37.75M | 45.86M | 56.16M |
| Net Debt | 43.76M | 394.08M | 23.29M | 17.09M | 30.28M | 42.95M | 46.91M |
| Debt / Equity | 1.15x | 4.94x | - | - | - | - | - |
| Debt / EBITDA | 2.51x | 7.11x | 4.92x | 4.76x | 15.44x | 33.80x | - |
| Net Debt / EBITDA | 1.52x | 6.50x | 3.24x | 3.44x | 12.38x | 31.65x | - |
| Interest Coverage | -0.12x | 0.12x | 0.43x | 0.29x | -0.75x | - | -7.39x |
| Total Equity | 62.56M | 87.34M | -21.35M | -12.57M | -26.93M | -26.53M | -19.25M |
| Equity Growth % | 1590.75% | 509.16% | -69.84% | 53.33% | -1.52% | -37.85% | - |
| Book Value per Share | 5.32 | 7.43 | -0.71 | -0.42 | -0.89 | -0.88 | -0.64 |
| Total Shareholders' Equity | 62.56M | 87.34M | -21.35M | -12.57M | -26.93M | 240.65M | -19.25M |
| Common Stock | 12K | 12K | 30K | 30K | 31.17M | 250M | 575 |
| Retained Earnings | -377.88M | -351.12M | -23.7M | -11.34M | -12.31M | -9.5M | -1.42K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 455K | 718K | -1.26M | -26.93M | 0 | -34.06M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High Debt Service Burden
As reported in financial statements, XBP's total assets surged from $105.2M in 2025Q2 to $871.4M by 2026Q1, a shift that appears driven by inorganic business combinations rather than organic asset accumulation, signaling a highly unstable balance sheet trajectory that warrants significant caution from prospective investors.
The rapid expansion of the balance sheet following the 2025Q3 period suggests that the company's current financial position is largely an artifact of corporate restructuring. This lack of organic growth in the asset base implies that the firm's underlying business quality remains unproven and potentially disconnected from its reported scale.
Based on reported figures, XBP's debt-to-equity ratio reached a peak of 4.94 in 2025Q4, indicating that the company is heavily reliant on external financing to sustain its operations, which creates a precarious environment where interest obligations may severely limit the firm's ability to fund necessary software development.
The high leverage ratio suggests that the company's capital structure is driven by necessity rather than strategic optimization. Investors should monitor whether the current debt load can be serviced given the company's thin operating margins and the potential for further volatility in its European market operations.
According to recent SEC filings, XBP's current ratio has consistently remained below 1.0, hovering at 0.67 as of 2026Q1, which suggests that the company lacks a sufficient buffer of liquid assets to cover its short-term obligations without relying on continuous external capital infusions or refinancing.
A current ratio consistently below unity indicates that the company is operating with a structural liquidity deficit. This tight cash position leaves the firm highly vulnerable to operational shocks or unexpected increases in processing costs, potentially forcing management to prioritize short-term survival over long-term strategic initiatives.
As evidenced by the balance sheet data, goodwill accounts for a substantial portion of total assets at $189.9M in 2026Q1, which may indicate that the company's book value is significantly inflated by intangible assets that could be subject to future impairment if expected synergies fail to materialize.
The reliance on goodwill to bolster the asset base suggests that the company's net worth is highly sensitive to the performance of its acquired segments. If the integration of these legacy workflows does not yield the anticipated software-driven efficiencies, the company may face significant write-downs that would further erode its already thin equity base.
Quick answers to the most common questions about buying XBP stock.
As of 2025, XBP Global Holdings, Inc. (XBP) had total assets of $902.1M including $239.7M in current assets.
XBP Global Holdings, Inc. (XBP) carries total debt of $431.2M, offset by $37.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
XBP Global Holdings, Inc. (XBP) has total shareholders' equity (book value) of $87.3M ($7.43 book value per share). Book value represents the net worth of the company belonging to common stock holders.
XBP Global Holdings, Inc. (XBP) reported a current ratio of 0.74x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.