Debt-to-Equity Ratio

The current debt-to-equity ratio of 0.43x means that for every dollar of shareholders’ equity, Raymond James has $0.43 in debt, indicating a conservative capital structure with low reliance on borrowed funds.

This is very close to the Financial Services sector median of 0.41x, placing the company in the 52nd percentile among peers—essentially average leverage for the industry. Over the latest eight quarters, the metric has trended upward, but the year-over-year change is +0.0% and the quarter-over-quarter change is also +0.0%, meaning the ratio has been flat at 0.43x for at least the past six quarters after rising from 0.28x. Because the current level is near the sector median and has stabilized, there is neither a material increase in financial risk nor a new opportunity from deleveraging. This combination of a moderate, stable debt load supports the overall NEUTRAL verdict, as the metric does not signal either a concerning risk or an obvious advantage.

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