Goldman Sachs Group annual debt-to-assets ratio
2008
2009
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2015
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2017
2018
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2020
2021
2022
2023
2024
2025
Goldman Sachs Group Debt-to-Assets Ratio Growth & History (GS)
Goldman Sachs Group's debt-to-assets ratio was 0.20 for fiscal 2025.
View full Goldman Sachs Group company overviewGoldman Sachs Group annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.20 | 0.01 | +5.51% |
| 2024 | 2024-12-31 | 0.19 | −0.01 | −3.78% |
| 2023 | 2023-12-31 | 0.19 | −0.02 | −9.40% |
| 2022 | 2022-12-31 | 0.22 | 0.01 | +3.85% |
| 2021 | 2022-01-14 | 0.21 | −0.02 | −10.30% |
| 2020 | 2020-12-31 | 0.23 | −0.03 | −11.02% |
| 2019 | 2019-12-31 | 0.26 | −0.02 | −8.61% |
| 2018 · Dec 31 | 2018-12-31 | 0.28 | 0.00 | +1.05% |
| 2017 | 2017-12-31 | 0.28 | 0.02 | +9.38% |
| 2016 | 2016-12-31 | 0.26 | 0.01 | +4.74% |
| 2015 | 2015-12-31 | 0.25 | 0.01 | +5.15% |
| 2014 | 2014-12-31 | 0.23 | 0.02 | +9.69% |
| 2013 | 2013-12-31 | 0.21 | −0.00 | −0.98% |
| 2012 | 2012-12-31 | 0.21 | −0.01 | −5.81% |
| 2011 | 2011-12-31 | 0.23 | −0.01 | −2.71% |
| 2010 | 2010-12-31 | 0.23 | −0.02 | −7.10% |
| 2009 | 2009-12-31 | 0.25 | — | — |
| 2008 | 2008-11-30 | 0.19 | — | — |
Goldman Sachs Group quarterly debt-to-assets ratio
As of Nov 28, 2008
Q4.08
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q3.20
Q4.20
Q1.21
Q2.21
As of Dec 31, 2021
Q4.21
Q1.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.21 | 0.01 | +5.11% |
| Q1 2026 | 2026-03-31 | 0.19 | 0.00 | +1.67% |
| Q4 2025 | 2025-12-31 | 0.20 | 0.01 | +5.51% |
| Q3 2025 | 2025-09-30 | 0.19 | 0.00 | +2.49% |
| Q2 2025 | 2025-06-30 | 0.20 | 0.01 | +3.73% |
| Q1 2025 | 2025-03-31 | 0.19 | 0.00 | +2.66% |
| Q4 2024 | 2024-12-31 | 0.19 | −0.01 | −3.78% |
| Q3 2024 | 2024-09-30 | 0.19 | 0.00 | +0.98% |
| Q2 2024 | 2024-06-30 | 0.19 | −0.00 | −1.65% |
| Q1 2024 | 2024-03-31 | 0.19 | −0.01 | −7.32% |
| Q4 2023 | 2023-12-31 | 0.19 | −0.02 | −9.40% |
| Q3 2023 | 2023-09-30 | 0.19 | −0.00 | −0.54% |
| Q2 2023 | 2023-06-30 | 0.19 | — | — |
| Q1 2023 | 2023-03-31 | 0.20 | −0.00 | −0.31% |
| Q4 2022 | 2022-12-31 | 0.22 | — | — |
| Q3 2022 | 2022-09-30 | 0.19 | — | — |
| Q1 2022 | 2022-03-31 | 0.20 | −0.01 | −6.73% |
| Q4 2021 | 2022-01-14 | 0.21 | −0.02 | −10.30% |
| As of Dec 31, 2021 | 2021-12-31 | 0.21 | −0.02 | −10.30% |
| Q2 2021 | 2021-06-30 | 0.22 | — | — |
| Q1 2021 | 2021-03-31 | 0.21 | — | — |
| Q4 2020 | 2020-12-31 | 0.23 | −0.03 | −11.02% |
| Q3 2020 | 2020-09-30 | 0.23 | −0.03 | −11.39% |
| Q4 2019 | 2019-12-31 | 0.26 | −0.02 | −8.61% |
| Q3 2019 | 2019-09-30 | 0.26 | −0.01 | −4.66% |
| Q2 2019 | 2019-06-30 | 0.28 | 0.01 | +2.91% |
| Q1 2019 | 2019-03-31 | 0.29 | 0.02 | +6.99% |
| Q4 2018 · Dec 31 | 2018-12-31 | 0.28 | 0.00 | +1.05% |
| Q3 2018 | 2018-09-30 | 0.28 | 0.01 | +2.40% |
| Q2 2018 | 2018-06-30 | 0.27 | 0.01 | +2.61% |
| Q1 2018 | 2018-03-31 | 0.27 | 0.01 | +5.32% |
| Q4 2017 | 2017-12-31 | 0.28 | 0.02 | +9.38% |
| Q3 2017 | 2017-09-30 | 0.27 | 0.02 | +5.92% |
| Q2 2017 | 2017-06-30 | 0.27 | 0.02 | +10.01% |
| Q1 2017 | 2017-03-31 | 0.26 | 0.01 | +3.14% |
| Q4 2016 | 2016-12-31 | 0.26 | 0.01 | +4.74% |
| Q3 2016 | 2016-09-30 | 0.25 | 0.01 | +6.05% |
| Q2 2016 | 2016-06-30 | 0.24 | −0.00 | −0.55% |
| Q1 2016 | 2016-03-31 | 0.25 | 0.02 | +8.82% |
| Q4 2015 | 2015-12-31 | 0.25 | 0.01 | +5.15% |
| Q3 2015 | 2015-09-30 | 0.24 | 0.01 | +3.65% |
| Q2 2015 | 2015-06-30 | 0.24 | — | — |
| Q1 2015 | 2015-03-31 | 0.23 | 0.01 | +5.86% |
| Q4 2014 | 2014-12-31 | 0.23 | 0.02 | +9.69% |
| Q3 2014 | 2014-09-30 | 0.23 | 0.02 | +8.61% |
| Q1 2014 | 2014-03-31 | 0.22 | 0.01 | +4.76% |
| Q4 2013 | 2013-12-31 | 0.21 | −0.00 | −0.98% |
| Q3 2013 | 2013-09-30 | 0.21 | −0.00 | −1.11% |
| Q2 2013 | 2013-06-30 | 0.21 | −0.01 | −3.78% |
| Q1 2013 | 2013-03-31 | 0.21 | −0.01 | −5.52% |
| Q4 2012 | 2012-12-31 | 0.21 | −0.01 | −5.81% |
| Q3 2012 | 2012-09-30 | 0.22 | −0.01 | −5.66% |
| Q2 2012 | 2012-06-30 | 0.21 | −0.02 | −7.27% |
| Q1 2012 | 2012-03-31 | 0.22 | −0.01 | −3.83% |
| Q4 2011 | 2011-12-31 | 0.23 | −0.01 | −2.71% |
| Q3 2011 | 2011-09-30 | 0.23 | −0.01 | −5.29% |
| Q2 2011 | 2011-06-30 | 0.23 | −0.01 | −2.38% |
| Q1 2011 | 2011-03-31 | 0.23 | 0.02 | +11.46% |
| Q4 2010 | 2010-12-31 | 0.23 | −0.02 | −7.10% |
| Q3 2010 | 2010-09-30 | 0.24 | 0.03 | +12.28% |
| Q2 2010 | 2010-06-30 | 0.24 | 0.02 | +10.08% |
| Q1 2010 | 2010-03-31 | 0.20 | — | — |
| Q4 2009 | 2009-12-31 | 0.25 | — | — |
| Q3 2009 | 2009-09-25 | 0.22 | — | — |
| Q2 2009 | 2009-06-26 | 0.21 | — | — |
| Q4 2008 | 2008-11-30 | 0.19 | — | — |
| As of Nov 28, 2008 | 2008-11-28 | 0.19 | — | — |
Goldman Sachs Group debt-to-assets ratio trends
Over the last five fiscal years, Goldman Sachs Group's debt-to-assets ratio decreased from 0.23 to 0.20, a change of −0.03. The latest reported quarter, Q2 2026, shows 0.21.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Goldman Sachs Group source filings ↗