XP (XP) Debt-to-Equity : 1.83 (As of Dec. 2023)

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What is XP Debt-to-Equity?

XP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,253 Mil. XP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. XP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,969 Mil. XP's debt to equity for the quarter that ended in Dec. 2023 was 1.83.

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 XP's Debt-to-Equity or its related term are showing as below:

XP' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.21 Med: 2.09 Max: 3.61
Current: 1.83

During the past 8 years, the highest Debt-to-Equity Ratio of XP was 3.61. The lowest was 1.21. And the median was 2.09.

XP's Debt-to-Equity is ranked worse than
86% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs XP: 1.83

XP Debt-to-Equity Historical Data

The historical data trend for XP'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.

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XP Debt-to-Equity Chart

XP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.39

2.95

1.96

2.09

1.83

XP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.09	1.63	1.88	2.10	1.83

Competitive Comparison of XP's Debt-to-Equity

For the Capital Markets subindustry, XP'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.

XP's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, XP's Debt-to-Equity distribution charts can be found below:

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

XP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

XP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7253.344	+	0)	/	3969.418
	=	1.83

XP's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7253.344	+	0)	/	3969.418
	=	1.83

XP (NAS:XP) 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.

XP Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of XP's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

XP (XP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » XP Inc (NAS:XP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XP:Mexico XP9:Germany XP9:Germany XPBR31:Brazil

Address

Avenue Chedid Jafet, 75, Torre Sul, 30th floor, Vila Olimpia, Sao Paulo, SP, BRA, 04551-065

Website

https://www.xpinc.com

XP Inc is a Cayman Island-based technology-driven financial services platform. It is a provider of low-fee financial products and services in Brazil. The company evaluates its business through a single segment such as monitoring operations, making decisions on fund allocation, and evaluating the performance. It generates revenue through the Brokerage commission.