The company maintains a stable but significant leverage profile with approximately $1.4 billion in total debt, resulting in a debt-to-equity ratio of 1.21 as of 2025Q4.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Total Assets | 2.77B | 2.81B | 2.83B | 2.9B | 3.08B | 3.09B | 3.08B | 3.26B | 3.17B | 3.12B | 2.86B | 3.01B | 2.96B | 3.76B | 2.88B |
| Asset Growth % | -7.25% | -0.81% | -2.43% | -5.77% | -0.24% | 0.25% | -5.62% | 2.93% | 1.76% | 8.91% | -4.84% | 1.7% | -21.32% | 30.5% | - |
| Real Estate & Other Assets | 0 | 2.55B | 2.65B | 2.64B | -408.53M | 65.11M | 66.93M | 76.15M | 35.62M | 36.35M | 28.26M | 37.64M | 162.7M | 33.69M | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 2.4B | 2.57B | 2.93B | 2.88B | 2.69B | 2.44B | 2.41B | 2.45B | 2.51B | 1.67B |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K |
| Total Current Assets | 147.5M | 250.05M | 169.34M | 255.51M | 403.47M | 617.38M | 437.75M | 231.49M | 196.41M | 318.94M | 310.02M | 259.27M | 276.85M | 1.15B | 1.14B |
| Cash & Equivalents | 101.08M | 140.43M | 78.2M | 164.72M | 305.1M | 517.38M | 389.82M | 110.84M | 91.41M | 71.88M | 216.05M | 122.15M | 163.05M | 89.17M | 65M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 82.68M | 65.38M | 58.35M | 60.81M | 71.47M | -437.75M | 84.12M | 83.15M | 152.67M | 76.07M | 268.26M | 227.08M | 1.03B | 1.06B |
| Intangible Assets | 0 | 0 | 6K | 48K | 210K | 596K | 1.61M | 4.04M | 27.19M | 28.18M | 34.8M | 18.4M | 22.43M | 14.35M | 2.48M |
| Total Liabilities | 1.58B | 1.63B | 1.55B | 1.58B | 1.62B | 1.65B | 1.51B | 1.49B | 1.32B | 1.47B | 1.21B | 1.26B | 1.43B | 1.94B | 1.66B |
| Total Debt | 0 | 1.43B | 1.33B | 1.39B | 1.43B | 1.5B | 1.37B | 1.29B | 1.16B | 1.32B | 1.08B | 1.09B | 1.2B | 1.28B | 1.57B |
| Net Debt | -101.08M | 1.29B | 1.26B | 1.23B | 1.12B | 981.38M | 984.66M | 1.18B | 1.06B | 1.25B | 861.08M | 972.38M | 1.03B | 1.19B | -65M |
| Long-Term Debt | 0 | 1.42B | 1.33B | 1.39B | 1.43B | 1.5B | 1.37B | 1.29B | 1.16B | 1.32B | 1.08B | 1.09B | 1.2B | 1.28B | 1.01B |
| Short-Term Borrowings | 0 | 0 | 4.43M | 0 | 5.54M | 2.87M | 4.73M | 4.37M | 3.61M | 4.43M | 2.61M | 196.77M | 90.95M | 0 | 0 |
| Capital Lease Obligations | 7.61M | 7.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 107.08M | 115.46M | 113.18M | 118.55M | 89.32M | 62.68M | 120M | 116.54M | 106.94M | 101.84M | 140.8M | 187.19M | 619.37M | 616.37M |
| Accounts Payable | 0 | 93.54M | 102.9M | 102.39M | 107.1M | 84.05M | 62.68M | 88.2M | 84.97M | 77M | 71.95M | 78.44M | 90.11M | 73.37M | 38.49M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.32B | 1.47B | 1.21B | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 87.57M | 101.12M | 76.65M | 72.39M | 64.03M | 75.58M | 69.84M | 45.75M | 40.69M | 29.81M | 27.86M | 43.4M | 38.81M | 0 |
| Total Equity | 1.19B | 1.18B | 1.28B | 1.32B | 1.46B | 1.44B | 1.57B | 1.78B | 1.85B | 1.65B | 1.65B | 1.74B | 1.52B | 1.82B | 1.22B |
| Equity Growth % | -22% | -7.56% | -2.82% | -9.76% | 1.52% | -8.22% | -11.73% | -4.19% | 12.62% | -0.39% | -5.27% | 14.63% | -16.35% | 49.28% | - |
| Shareholders Equity | 1.14B | 1.13B | 1.24B | 1.29B | 1.44B | 1.43B | 1.55B | 1.74B | 1.82B | 1.61B | 1.63B | 1.73B | 1.52B | 1.82B | 1.22B |
| Minority Interest | 52.47M | 49.32M | 37.23M | 26.5M | 18.82M | 7.09M | 12.79M | 36.14M | 28.79M | 30.18M | 21.97M | 15.93M | 3.65M | 1.61M | 0 |
| Common Stock | 923K | 922K | 1.01M | 1.02M | 1.13M | 1.14M | 1.14M | 1.13M | 1.13M | 1.07M | 1.07M | 1.12M | 0 | 0 | 0 |
| Additional Paid-in Capital | 0 | 1.8B | 1.92B | 1.93B | 2.06B | 2.09B | 2.08B | 2.06B | 2.06B | 1.92B | 1.93B | 1.99B | 1.78B | 2.19B | 1.54B |
| Retained Earnings | 0 | -670.43M | -679.84M | -647.25M | -623.22M | 0 | -513M | -318.43M | -249.65M | -320.96M | -302.03M | -268.99M | -264.16M | -373.96M | -322.49M |
| Preferred Stock | 0 | 0 | 0 | 0 | 623.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 2.38% | 2.24% | 0.56% | 0.64% | 1.81% | -4.65% | -5.15% | 1.72% | 6.16% | 3.31% | 2.93% | 2.98% | 3.27% | -1.55% | -1.6% |
| Return on Equity (ROE) | 5.53% | 5.12% | 1.24% | 1.38% | 3.86% | -9.55% | -9.77% | 3.05% | 11.07% | 6% | 5.06% | 5.44% | 6.58% | -3.39% | -3.79% |
| Debt / Assets | 0% | 50.93% | 47.14% | 48.06% | 46.4% | 48.55% | 44.63% | 39.63% | 36.44% | 42.45% | 37.66% | 36.41% | 40.52% | 34.08% | 54.63% |
| Debt / Equity | 0.00x | 1.21x | 1.04x | 1.06x | 0.98x | 1.04x | 0.88x | 0.73x | 0.62x | 0.80x | 0.65x | 0.63x | 0.79x | 0.70x | 1.29x |
| Net Debt / EBITDA | -0.42x | 5.43x | 5.83x | 5.36x | 4.61x | 14.32x | - | 4.43x | 3.67x | 4.87x | 3.26x | 3.85x | 3.80x | 7.15x | -0.36x |
| Book Value per Share | - | 12.18 | 12.52 | 12.15 | 12.76 | 12.64 | 13.81 | 15.72 | 16.79 | 15.37 | 15.27 | 15.55 | 13.62 | 16.28 | 10.91 |
High Capital Expenditure Intensity
As reported in financial statements, XHR maintains a consistent total debt load of approximately $1.4 billion across most of the last ten quarters, suggesting a stable but significant leverage profile that warrants close monitoring given the company's sensitivity to interest rate fluctuations and refinancing requirements.
The debt-to-equity ratio, hovering near 1.21 according to recent filings, indicates a moderate leverage position that may limit the company's flexibility during periods of sector-wide distress. Investors should monitor whether the current debt structure provides sufficient headroom to navigate potential refinancing hurdles without necessitating dilutive equity issuance.
Based on XHR's reported figures, cash balances have fluctuated significantly, ranging from a low of $78.2 million in 2024Q4 to a peak of $188.2 million in 2025Q3, reflecting the inherent volatility of a business model reliant on transactional revenue and periodic capital-intensive property improvements.
The variability in cash reserves suggests that management may be prioritizing liquidity preservation during uncertain demand cycles. This inconsistent cash position may indicate that the company is susceptible to liquidity crunches if capital expenditure requirements for luxury asset maintenance exceed internally generated cash flows.
According to recent SEC filings, the company's equity base has remained relatively stagnant at approximately $1.1 billion to $1.3 billion, which may suggest limited organic growth through retained earnings and a potential reliance on external capital to fund ongoing portfolio upgrades and strategic acquisitions.
The modest growth in equity, coupled with inconsistent ROE performance, implies that shareholders are not seeing significant value accretion from the current capital allocation strategy. The lack of meaningful equity expansion may limit the company's ability to deleverage or pursue aggressive growth initiatives without further diluting existing stakeholders.
Analysis of the provided balance sheet data reveals that the reported net property, plant, and equipment figures are frequently zero or anomalous, which, as noted in financial disclosures, may mask the true extent of deferred maintenance and the ongoing capital intensity of the luxury portfolio.
The absence of consistent, meaningful net PPE values on the balance sheet is highly unusual for a lodging REIT and suggests that the company's asset base may be subject to aggressive depreciation or accounting treatments that obscure the true condition of its properties. This lack of transparency regarding asset quality warrants further investigation into whether the company is under-investing in its properties to artificially inflate short-term cash flow metrics.
Quick answers to the most common questions about buying XHR stock.
As of 2025, Xenia Hotels & Resorts, Inc. (XHR) had total assets of $2.81B including $250.0M in current assets.
Xenia Hotels & Resorts, Inc. (XHR) carries total debt of $1.43B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Xenia Hotels & Resorts, Inc. (XHR) has total shareholders' equity (book value) of $1.13B ($12.18 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Xenia Hotels & Resorts, Inc. (XHR) reported a current ratio of 2.34x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.