State Street (State Street) Debt-to-Equity

: 0.90 (As of Dec. 2023)

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State Street's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,833.00 Mil. State Street's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15,667.00 Mil. State Street's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $23,799.00 Mil. State Street's debt to equity for the quarter that ended in Dec. 2023 was 0.90.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for State Street's Debt-to-Equity or its related term are showing as below:

STTpD.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 0.62 Max: 0.9
Current: 1.28

During the past 13 years, the highest Debt-to-Equity Ratio of State Street was 0.90. The lowest was 0.50. And the median was 0.62.

STTpD.PFD's Debt-to-Equity is ranked worse than
90.68% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs STTpD.PFD: 1.28

State Street Debt-to-Equity Historical Data

The historical data trend for State Street's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

State Street Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.55

0.68

0.50

0.68

0.90

State Street Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity																0.66	0.71	0.79	0.90	1.28

Competitive Comparison

For the Asset Management subindustry, State Street's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

State Street Debt-to-Equity Distribution

For the Asset Management industry and Financial Services sector, State Street's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where State Street's Debt-to-Equity falls into.

State Street Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

State Street's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5833	+	15667)	/	23799
	=	0.90

State Street's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5833	+	15667)	/	23799
	=	0.90

State Street (NYSE:STTpD.PFD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

State Street Debt-to-Equity Related Terms

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State Street (State Street) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » State Street Corporation (NYSE:STTpD.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

STTpG.PFD:USA STT:USA STT:Mexico ZYA:Germany S1TT34:Brazil STT:Austria

Address

One Lincoln Street, Boston, MA, USA, 02111

Website

https://www.statestreet.com

State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $42 trillion in assets under custody and administration and $4.1 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.