GSPI_CL.PFD (The Goldmanchs Group) Debt-to-Equity : 2.90 (As of Sep. 2024)

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What is The Goldmanchs Group Debt-to-Equity?

The Goldmanchs Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $90,805.00 Mil. The Goldmanchs Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $260,499.00 Mil. The Goldmanchs Group's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $121,200.00 Mil. The Goldmanchs Group's debt to equity for the quarter that ended in Sep. 2024 was 2.90.

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 The Goldmanchs Group's Debt-to-Equity or its related term are showing as below:

GSpI_CL.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.59 Med: 2.94 Max: 3.6
Current: 2.9

During the past 13 years, the highest Debt-to-Equity Ratio of The Goldmanchs Group was 3.60. The lowest was 2.59. And the median was 2.94.

GSpI_CL.PFD's Debt-to-Equity is ranked worse than
93.47% of 597 companies
in the Capital Markets industry
Industry Median: 0.3 vs GSpI_CL.PFD: 2.90

The Goldmanchs Group Debt-to-Equity Historical Data

The historical data trend for The Goldmanchs Group'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.

The Goldmanchs Group Debt-to-Equity Chart

The Goldmanchs Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.07

2.93

2.77

2.85

The Goldmanchs Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															2.65	2.85	2.78	2.82	2.90

Competitive Comparison of The Goldmanchs Group's Debt-to-Equity

For the Capital Markets subindustry, The Goldmanchs Group'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.

The Goldmanchs Group's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The Goldmanchs Group's Debt-to-Equity distribution charts can be found below:

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

The Goldmanchs Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Goldmanchs Group'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
	=	(83149	+	250099)	/	116905
	=	2.85

The Goldmanchs Group's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(90805	+	260499)	/	121200
	=	2.90

The Goldmanchs Group (NYSE:GSpI_CL.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.

The Goldmanchs Group Debt-to-Equity Related Terms

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The Goldmanchs Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The Goldman Sachs Group Inc (NYSE:GSpI_CL.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GSpD.PFD:USA GSpC.PFD:USA GSpA.PFD:USA GS:USA GS:Peru GS:Mexico 1GS:Italy GOSd:UK GOS0:Germany GOS:Germany GOS:Germany GOS:Germany GOS:Germany GS:Canada GSGI34:Brazil GS:Austria GS:Argentina

Address

200 West Street, New York, NY, USA, 10282

Website

https://www.goldmansachs.com

Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.