GSNEUTRAL

GS Debt-to-Equity Ratio Analysis

3.52x

Updated 561h ago·SEC filings & market data

Key Takeaway

A debt-to-equity ratio of 3.52x means the company has $3.52 of debt for every $1 of shareholder equity, showing reliance on borrowed funds rather than internal capital.

Sector Performance

94th percentile

3.52x

Sector Median

0.74x

Sector Avg

2.51x

Prior Period

6.10x(Jun 2026)

↑ Improving

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Deep Analysis

A debt-to-equity ratio of 3.52x means the company has $3.52 of debt for every $1 of shareholder equity, showing reliance on borrowed funds rather than internal capital.

This is far above the sector median of 0.74x, placing GS in the 95th percentile among peers, so it carries more leverage than nearly all comparable companies. The trend information is not available: both the year-over-year change and quarter-over-quarter change are N/A, and no historical values beyond the current reading are provided. With a high level and no trend data to suggest improvement or deterioration, the risk is that leverage is persistently elevated, which can amplify losses in downturns, though it may also boost returns when business performs well. This metric does not directly support or contradict the NEUTRAL verdict; instead, it highlights elevated leverage as a key factor that justifies caution without signaling a clear directional outlook.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about GS?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

Who are GS's closest peers by Debt-to-Equity Ratio?

The closest peers by Debt-to-Equity Ratio include: TAP (0.76x), PCAR (0.72x), O (0.78x), PRU (0.78x), KIM (0.85x).

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Learn More About Debt-to-Equity Ratio

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Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.