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Galaxy DigitalGLXY +9.36%38 Debt-to-Equity is 2.56 as of Mar. 2026, which is 0% below its 10-year median of 2.57. GuruFocus rates GLXY with a GF Score™ of 38/100. The stock has 5 warning signs investors should review. Among 611 Capital Markets companies, Galaxy Digital ranks worse than 91.98% on this metric.
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 Galaxy Digital's Debt-to-Equity or its related term are showing as below:
GLXY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.35 Med: 2.57 Max: 2.73
Current: 2.56
During the past 13 years, the highest Debt-to-Equity Ratio of Galaxy Digital was 2.73. The lowest was 1.35. And the median was 2.57.
GLXY's Debt-to-Equity is ranked worse than 91.98% of 611
companies
in the Capital Markets industry
Industry Median: 0.31
vs GLXY: 2.56
Galaxy Digital (NAS:GLXY) Debt-to-Equity Explanation
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.
Galaxy Digital Debt-to-Equity Related Terms
Galaxy Digital Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Galaxy Digital'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.
GLXY vs MARA, BGC, VIRT: Debt-to-Equity Comparison
For the Capital Markets subindustry, Galaxy Digital'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.
Galaxy Digital Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Galaxy Digital's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Galaxy Digital's Debt-to-Equity falls into.
* 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.
Galaxy Digital (GLXY) has a Debt-to-Equity of 2.56 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Galaxy Digital and its competitors. This is near median its historical median of 2.57. Over the past decade, Galaxy Digital's Debt-to-Equity has ranged from 1.35 to 2.73. According to the industry distribution chart, Galaxy Digital ranks #562 out of 611 companies in the Capital Markets industry, placing it in the top 92%.
Is Galaxy Digital's Debt-to-Equity too high?
Galaxy Digital's current Debt-to-Equity of 2.56 is near median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 2.73. The Capital Markets industry median Debt-to-Equity is 0.31. Galaxy Digital's value of 2.56 is 725.8% above this industry median. Based on the distribution chart, Galaxy Digital ranks #562 out of 611 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Galaxy Digital has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Galaxy Digital's Debt-to-Equity compare to MARA and BGC?
According to the Capital Markets industry distribution chart, Galaxy Digital ranks #562 out of 611 companies for Debt-to-Equity. This places Galaxy Digital in the lower half of its industry. The industry median Debt-to-Equity is 0.31. Galaxy Digital's value of 2.56 is 725.8% above this benchmark. Historically, Galaxy Digital's own Debt-to-Equity has ranged from 1.35 to 2.73 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 0.31, Galaxy Digital has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.31, based on 611 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Galaxy Digital's current Debt-to-Equity of 2.56 is 725.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Galaxy Digital and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Galaxy Digital's current Debt-to-Equity is 2.56, which is near median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galaxy Digital stock overvalued right now?
Galaxy Digital (GLXY) has a current Debt-to-Equity of 2.56. The current Debt-to-Equity is 2.56, which is near median its 10-year median of 2.57 and 725.8% above the Capital Markets industry median of 0.31. Galaxy Digital's overall GF Score™ is 38/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Galaxy Digital (GLXY), the current Debt-to-Equity is 2.56 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Galaxy Digital Inc is engaged in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Its digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The company invests in and operates cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. It has three operating business segments, Digital Assets and Data Centers, along with a Treasury & Corporate segment.
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