S&P Global annual debt-to-equity ratio
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2025
S&P Global Debt-to-Equity Ratio Growth & History (SPGI)
S&P Global's debt-to-equity ratio was 0.44 for fiscal 2025.
View full S&P Global company overviewS&P Global annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.44 | 0.08 | +21.25% |
| 2024 | 2024-12-31 | 0.36 | 0.01 | +2.60% |
| 2023 | 2023-12-31 | 0.35 | 0.03 | +10.54% |
| 2022 | 2022-12-31 | 0.32 | −1.99 | −86.16% |
| 2021 | 2021-12-31 | 2.31 | −7.03 | −75.22% |
| 2020 | 2020-12-31 | 9.34 | −0.43 | −4.41% |
| 2019 | 2019-12-31 | 9.77 | 3.94 | +67.55% |
| 2018 | 2018-12-31 | 5.83 | 0.80 | +15.84% |
| 2017 | 2017-12-31 | 5.03 | −0.45 | −8.19% |
| 2016 | 2016-12-31 | 5.48 | −13.13 | −70.54% |
| 2015 | 2015-12-31 | 18.61 | 16.98 | +1042.56% |
| 2014 | 2014-12-31 | 1.63 | 1.01 | +165.26% |
| 2013 | 2013-12-31 | 0.61 | −1.02 | −62.50% |
| 2012 | 2012-12-31 | 1.64 | 0.84 | +106.13% |
| 2011 | 2011-12-31 | 0.79 | 0.25 | +46.62% |
| 2010 | 2010-12-31 | 0.54 | −0.11 | −16.44% |
| 2009 | 2009-12-31 | 0.65 | −0.34 | −34.41% |
| 2008 | 2008-12-31 | 0.99 | — | — |
S&P Global quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.50 | 0.14 | +37.82% |
| Q1 2026 | 2026-03-31 | 0.45 | 0.09 | +23.74% |
| Q4 2025 | 2025-12-31 | 0.44 | 0.08 | +21.25% |
| Q3 2025 | 2025-09-30 | 0.36 | 0.01 | +2.10% |
| Q2 2025 | 2025-06-30 | 0.36 | 0.02 | +4.36% |
| Q1 2025 | 2025-03-31 | 0.36 | 0.00 | +0.30% |
| Q4 2024 | 2024-12-31 | 0.36 | 0.01 | +2.60% |
| Q3 2024 | 2024-09-30 | 0.35 | 0.01 | +3.57% |
| Q2 2024 | 2024-06-30 | 0.34 | 0.00 | +0.55% |
| Q1 2024 | 2024-03-31 | 0.36 | 0.02 | +5.53% |
| Q4 2023 | 2023-12-31 | 0.35 | 0.03 | +10.54% |
| Q3 2023 | 2023-09-30 | 0.34 | 0.03 | +10.57% |
| Q2 2023 | 2023-06-30 | 0.34 | 0.05 | +17.09% |
| Q1 2023 | 2023-03-31 | 0.34 | 0.03 | +10.62% |
| Q4 2022 | 2022-12-31 | 0.32 | −1.99 | −86.16% |
| Q3 2022 | 2022-09-30 | 0.31 | −2.25 | −87.90% |
| Q2 2022 | 2022-06-30 | 0.29 | −3.42 | −92.12% |
| Q1 2022 | 2022-03-31 | 0.31 | −4.28 | −93.29% |
| Q4 2021 | 2021-12-31 | 2.31 | −7.03 | −75.22% |
| Q3 2021 | 2021-09-30 | 2.56 | −8.25 | −76.33% |
| Q2 2021 | 2021-06-30 | 3.72 | −18.33 | −83.14% |
| Q1 2021 | 2021-03-31 | 4.59 | — | — |
| Q4 2020 | 2020-12-31 | 9.34 | −0.43 | −4.41% |
| Q3 2020 | 2020-09-30 | 10.80 | −1.89 | −14.89% |
| Q2 2020 | 2020-06-30 | 22.05 | 13.47 | +156.96% |
| Q4 2019 | 2019-12-31 | 9.77 | 3.94 | +67.55% |
| Q3 2019 | 2019-09-30 | 12.69 | 8.65 | +213.79% |
| Q2 2019 | 2019-06-30 | 8.58 | 2.30 | +36.70% |
| Q1 2019 | 2019-03-31 | 13.43 | −496.57 | −97.37% |
| Q4 2018 | 2018-12-31 | 5.83 | 0.80 | +15.84% |
| Q3 2018 | 2018-09-30 | 4.05 | −0.21 | −4.88% |
| Q2 2018 | 2018-06-30 | 6.28 | 2.78 | +79.39% |
| Q1 2018 | 2018-03-31 | 510.00 | 505.48 | +11187.24% |
| Q4 2017 | 2017-12-31 | 5.03 | −0.45 | −8.19% |
| Q3 2017 | 2017-09-30 | 4.25 | −4.33 | −50.42% |
| Q2 2017 | 2017-06-30 | 3.50 | −6.55 | −65.18% |
| Q1 2017 | 2017-03-31 | 4.52 | −13.23 | −74.55% |
| Q4 2016 | 2016-12-31 | 5.48 | −13.13 | −70.54% |
| Q3 2016 | 2016-09-30 | 8.58 | 3.28 | +61.77% |
| Q2 2016 | 2016-06-30 | 10.05 | 4.75 | +89.55% |
| Q1 2016 | 2016-03-31 | 17.75 | 15.59 | +722.03% |
| Q4 2015 | 2015-12-31 | 18.61 | 16.98 | +1042.56% |
| Q3 2015 | 2015-09-30 | 5.30 | 4.78 | +922.66% |
| Q2 2015 | 2015-06-30 | 5.30 | 4.75 | +856.96% |
| Q1 2015 | 2015-03-31 | 2.16 | 1.57 | +268.39% |
| Q4 2014 | 2014-12-31 | 1.63 | 1.01 | +165.26% |
| Q3 2014 | 2014-09-30 | 0.52 | −0.30 | −36.60% |
| Q2 2014 | 2014-06-30 | 0.55 | −0.10 | −15.19% |
| Q1 2014 | 2014-03-31 | 0.59 | −0.19 | −24.43% |
| Q4 2013 | 2013-12-31 | 0.61 | −1.02 | −62.50% |
| Q3 2013 | 2013-09-30 | 0.82 | 0.15 | +21.82% |
| Q2 2013 | 2013-06-30 | 0.65 | −0.07 | −9.39% |
| Q1 2013 | 2013-03-31 | 0.78 | 0.07 | +10.47% |
| Q4 2012 | 2012-12-31 | 1.64 | 0.84 | +106.13% |
| Q3 2012 | 2012-09-30 | 0.67 | 0.13 | +23.73% |
| Q2 2012 | 2012-06-30 | 0.72 | 0.19 | +35.71% |
| Q1 2012 | 2012-03-31 | 0.70 | 0.17 | +30.72% |
| Q4 2011 | 2011-12-31 | 0.79 | 0.25 | +46.62% |
| Q3 2011 | 2011-09-30 | 0.54 | −0.02 | −3.52% |
| Q2 2011 | 2011-06-30 | 0.53 | −0.12 | −18.27% |
| Q1 2011 | 2011-03-31 | 0.54 | −0.09 | −14.75% |
| Q4 2010 | 2010-12-31 | 0.54 | −0.11 | −16.44% |
| Q3 2010 | 2010-09-30 | 0.56 | −0.15 | −21.26% |
| Q2 2010 | 2010-06-30 | 0.65 | −0.27 | −29.64% |
| Q1 2010 | 2010-03-31 | 0.63 | — | — |
| Q4 2009 | 2009-12-31 | 0.65 | −0.34 | −34.41% |
| Q3 2009 | 2009-09-30 | 0.71 | — | — |
| Q2 2009 | 2009-06-30 | 0.92 | — | — |
| Q4 2008 | 2008-12-31 | 0.99 | — | — |
S&P Global debt-to-equity ratio trends
Over the last five fiscal years, S&P Global's debt-to-equity ratio decreased from 9.34 to 0.44, a change of −8.90. The latest reported quarter, Q2 2026, shows 0.50.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review S&P Global source filings ↗