XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) Balance Sheet
XFLT balance sheet, FY2025
September 30, 2025 · U.S. dollars$738.6M assets = $293.4M liabilities + $445.2M equity
Both columns are drawn to the same scale: what XFLT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
XFLT financial health
Descriptive bands, not a rating. Fiscal FY2025.
XFLT balance sheet trends, FY2017–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $71.2MFY2017 | $738.6MFY2025 | +34.0%/yr | |
| Total liabilities | $170,687FY2017 | $293.4MFY2025 | +153.7%/yr | |
| Shareholders’ equity | $71.0MFY2017 | $445.2MFY2025 | +25.8%/yr | |
| Cash & short-term investments | $71.2MFY2017 | $6.9MFY2025 | −25.3%/yr | |
| Total debt | $38.7MFY2018 | $201.3MFY2025 | +26.5%/yr | |
| Net cash (debt) | −$38.3MFY2018 | −$194.4MFY2025 | −$156.1M | |
| Working capital | $71.1MFY2017 | −$5.0MFY2025 | −$76.1M | |
| Book value per share | $8.47FY2017 | $29.23FY2025 | +16.7%/yr | |
| Current ratio | 3,082.59FY2017 | 0.81FY2025 | −3081.79 | |
| Debt / equity | 0.49FY2018 | 0.45FY2025 | −0.04 | |
| Shares outstanding | 8.4MFY2017 | 15.2MFY2025 | +7.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
XFLT assets
XFLT liabilities and equity
XFLT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
XFLT balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $6.9M | $7.9M | $1.2M | $1.1M | $4.7M | $1.3M | $459,879 | $494,705 | $71.2M |
| Cash & equivalents | $6.9M | $7.9M | $1.2M | $1.1M | $4.7M | $1.3M | $459,879 | $494,705 | $71.2M |
| Receivables | $13.2M | $21.1M | $20.9M | $13.6M | $3.8M | $1.3M | $7.1M | $7.3M | $8,570 |
| Inventory | $0 | $0 | $33.1M | $18.1M | $32.6M | $4.9M | $13.9M | $0 | $0 |
| Other current assets | $650,287 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $20.8M | $7.9M | $22.1M | $14.8M | $8.5M | $2.6M | $7.6M | $7.8M | $71.2M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $717.8M | $770.9M | $520.5M | $389.6M | $383.8M | $121.8M | $123.4M | $120.9M | $0 |
| Other non-current assets | $30,576 | $21.7M | $442,807 | $650,205 | $288,605 | $55,894 | $141,119 | $0 | $0 |
| Total assets | $738.6M | $800.5M | $543.1M | $405.0M | $392.7M | $124.4M | $131.1M | $128.6M | $71.2M |
| Liabilities | |||||||||
| Accounts payable | $25.7M | $57.4M | $36.1M | $15.5M | $36.2M | $3.3M | $13.1M | $10.2M | $23,084 |
| Short-term debt | — | — | — | — | — | $35.6M | $38.9M | — | — |
| Deferred revenue | — | — | — | — | — | −$32.3M | −$25.9M | — | — |
| Total current liabilities | $25.7M | $57.4M | $37.1M | $15.5M | $36.2M | $3.3M | $13.1M | $10.2M | $23,084 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $267.6M | $286.2M | $150.3M | $112.8M | $97.8M | $35.6M | $38.9M | $38.7M | $147,603 |
| Total liabilities | $293.4M | $343.6M | $244.8M | $178.2M | $174.1M | $39.4M | $52.4M | $49.3M | $170,687 |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $547.8M | $503.6M | $350.9M | $289.2M | $217.8M | $113.5M | $89.6M | $79.1M | $71.0M |
| Retained earnings (deficit) | −$102.5M | −$46.7M | −$52.7M | −$62.4M | $748,982 | −$28.5M | −$10.9M | $220,255 | −$17,117 |
| Accumulated other comprehensive income | — | — | — | — | — | −$16.8M | −$7.2M | — | — |
| Total shareholders' equity | $445.2M | $456.9M | $298.3M | $226.8M | $218.6M | $85.0M | $78.7M | $79.3M | $71.0M |
| Key figures | |||||||||
| Total debt | $201.3M | $284.6M | $150.3M | $112.8M | $97.8M | $35.6M | $38.9M | $38.7M | — |
| Net cash (debt) | −$194.4M | −$276.7M | −$149.1M | −$111.7M | −$93.1M | −$34.3M | −$38.5M | −$38.3M | — |
| Working capital | −$5.0M | −$49.5M | −$15.0M | −$730,180 | −$27.7M | −$717,592 | −$5.5M | −$2.4M | $71.1M |
| Tangible book value | $445.2M | $456.9M | $298.3M | $226.8M | $218.6M | $85.0M | $78.7M | $79.3M | $71.0M |
| Book value per share | $29.23 | $47.22 | $39.02 | $33.70 | $66.84 | — | — | — | $8.47 |
| Shares outstanding | 15.2M | 9.7M | 7.6M | 6.7M | 3.3M | — | — | — | 8.4M |
| Current ratio | 0.81 | 0.14 | 0.60 | 0.95 | 0.24 | 0.78 | 0.58 | 0.76 | 3,082.59 |
| Quick ratio | 0.78 | 0.51 | 0.60 | 0.95 | 0.24 | 0.78 | 0.58 | 0.76 | 3,082.59 |
| Debt / equity | 0.45 | 0.62 | 0.50 | 0.50 | 0.45 | 0.42 | 0.49 | 0.49 | — |
| Equity / assets | 60.3% | 57.1% | 54.9% | 56.0% | 55.7% | 68.3% | 60.0% | 61.7% | 99.8% |
| Mar '26 | Sep '25 | Mar '25 | Sep '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $10.1M | $6.9M | $9.2M | $7.9M | $16.5M | $16.5M | $1.2M | $1.2M | $5.0M | $5.0M | $1.1M | $1.1M |
| Cash & equivalents | $1.4M | $6.9M | $9.2M | $7.9M | $16.5M | $16.5M | $1.2M | $1.2M | $5.0M | $5.0M | $1.1M | $1.1M |
| Short-term investments | $8.7M | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | $25.3M | $13.2M | $22.1M | $21.1M | $14.8M | $14.8M | $20.9M | $20.9M | $10.4M | $10.4M | $13.6M | $13.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $33.1M | $33.1M | $0 | $0 | $18.1M | $18.1M |
| Other current assets | $0 | $650,287 | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $35.4M | $20.8M | $8.2M | $7.9M | $22.7M | — | $22.1M | $22.1M | $15.4M | $15.4M | $14.8M | $14.8M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $572.3M | $717.8M | $756.2M | $770.9M | $648.6M | $0 | $520.5M | $520.5M | $396.2M | $396.2M | $389.6M | $389.6M |
| Other non-current assets | $0 | $30,576 | $22.2M | $21.7M | $74,558 | $671.4M | $442,807 | $442,807 | $321,765 | $321,765 | $650,205 | $650,205 |
| Total assets | $599.8M | $738.6M | $786.6M | $800.5M | $671.4M | $671.4M | $543.1M | $543.1M | $411.9M | $411.9M | $405.0M | $405.0M |
| Liabilities | ||||||||||||
| Accounts payable | $21.1M | $25.7M | $30.8M | $57.4M | $52.7M | — | $36.1M | $36.1M | $10.8M | $10.8M | $15.5M | $15.5M |
| Total current liabilities | $22.5M | $25.7M | $32.3M | $57.4M | $54.1M | — | $37.1M | $36.1M | $10.8M | $10.8M | $15.5M | $15.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $260.1M | $267.6M | $293.5M | $286.2M | $289.2M | $289.2M | $207.7M | $150.3M | $122.2M | $122.2M | $112.8M | $112.8M |
| Total liabilities | $260.1M | $293.4M | $325.8M | $343.6M | $289.2M | $289.2M | $244.8M | $244.8M | $176.4M | $176.4M | $178.2M | $178.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $545.4M | $547.8M | $547.8M | $503.6M | $423.3M | — | $350.9M | $350.9M | $300.5M | $300.5M | $289.2M | $289.2M |
| Retained earnings (deficit) | −$205.8M | −$102.5M | −$87.0M | −$46.7M | −$41.2M | −$41.2M | −$52.7M | −$52.7M | −$65.1M | −$65.1M | −$62.4M | −$62.4M |
| Total shareholders' equity | $339.7M | $445.2M | $460.8M | $456.9M | $382.1M | $382.1M | $298.3M | $298.3M | $235.4M | $235.4M | $226.8M | $226.8M |
| Key figures | ||||||||||||
| Total debt | $237.6M | $201.3M | $293.5M | $284.6M | $235.1M | $235.1M | $150.3M | $150.3M | $122.2M | $122.2M | $112.8M | $112.8M |
| Net cash (debt) | −$227.5M | −$194.4M | −$284.2M | −$276.7M | −$218.6M | −$218.6M | −$149.1M | −$149.1M | −$117.1M | −$117.1M | −$111.7M | −$111.7M |
| Working capital | $12.9M | −$5.0M | −$24.1M | −$49.5M | −$31.4M | — | −$15.0M | −$13.9M | $4.6M | $4.6M | −$730,180 | −$730,180 |
| Tangible book value | $339.7M | $445.2M | $460.8M | $456.9M | $382.1M | $382.1M | $298.3M | $298.3M | $235.4M | $235.4M | $226.8M | $226.8M |
| Book value per share | $22.30 | $29.29 | $30.43 | $42.88 | $40.71 | $8.14 | $37.87 | $7.57 | $33.12 | $6.62 | $31.97 | $6.39 |
| Shares outstanding | 15.2M | 15.2M | 15.1M | 10.7M | 9.4M | 46.9M | 7.9M | 39.4M | 7.1M | 35.5M | 7.1M | 35.5M |
| Current ratio | 1.57 | 0.81 | 0.25 | 0.14 | 0.42 | — | 0.60 | 0.61 | 1.43 | 1.43 | 0.95 | 0.95 |
| Quick ratio | 1.57 | 0.78 | 0.97 | 0.51 | 0.58 | — | 0.60 | 0.61 | 1.43 | 1.43 | 0.95 | 0.95 |
| Debt / equity | 0.70 | 0.45 | 0.64 | 0.62 | 0.62 | 0.62 | 0.50 | 0.50 | 0.52 | 0.52 | 0.50 | 0.50 |
| Equity / assets | 56.6% | 60.3% | 58.6% | 57.1% | 56.9% | 56.9% | 54.9% | 54.9% | 57.2% | 57.2% | 56.0% | 56.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 23, 2025); data from EODHD.
XFLT financial position
At the end of fiscal 2025 (September 30, 2025), XAI Octagon Floating Rate & Alternative Income Term had total assets of $738.6 million (down 7.7% from a year earlier), total liabilities of $293.4 million and shareholders' equity of $445.2 million. It held $6.9 million in cash and short-term investments against $201.3 million of debt, net debt of $194.4 million. Its current ratio was 0.81. In the latest quarter (ended March 31, 2026) total assets were $599.8 million and equity $339.7 million.
Related: XFLT income statement, XFLT cash flow statement, XFLT key metrics. See the XFLT stock overview for the latest quote and news.
XFLT balance sheet FAQ
What are XAI Octagon Floating Rate & Alternative Income Term's total assets?
XAI Octagon Floating Rate & Alternative Income Term reported total assets of $738.6 million at the end of fiscal 2025 (September 30, 2025), compared with $800.5 million a year earlier.
How much debt does XAI Octagon Floating Rate & Alternative Income Term have?
XAI Octagon Floating Rate & Alternative Income Term had $201.3 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.45.
How much cash does XAI Octagon Floating Rate & Alternative Income Term have?
XAI Octagon Floating Rate & Alternative Income Term held $6.9 million in cash and short-term investments at the end of fiscal 2025; with $201.3 million of debt that is net debt of $194.4 million.
What is XAI Octagon Floating Rate & Alternative Income Term's book value?
XAI Octagon Floating Rate & Alternative Income Term's shareholders' equity (book value) was $445.2 million at the end of fiscal 2025, or $29.23 per share.
What is XAI Octagon Floating Rate & Alternative Income Term's current ratio?
XAI Octagon Floating Rate & Alternative Income Term had current assets of $20.8 million and current liabilities of $25.7 million, a current ratio of 0.81 (current liabilities exceed current assets).