The Goldman Sachs Group (GS) Debt/Assets Ratio: History & Chart

The Goldman Sachs Group, Inc.(GS)

Financial - Capital Markets · New York City, NY

$1,028.78-7.75 (-0.75%)

Delayed quote: Sep 9, 2026, 4:00 PM EDT

About The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. (GS) operates as a prominent global financial services firm, offering an extensive array of services to corporations, financial institutions, governmental bodies, and individuals worldwide. The company's operations are organized into four primary divisions: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment furnishes strategic advisory services covering intricate transactions such as mergers, acquisitions, divestitures, corporate defense strategies, restructurings, and spin-offs. It also extends various lending facilities, including middle-market, relationship, and acquisition financing, in addition to transaction banking services. This division further specializes in underwriting, assisting clients with equity offerings for common, preferred, and convertible securities, as well as debt offerings encompassing investment-grade, high-yield, bank/bridge loans, and emerging market debt instruments, alongside the creation of structured securities. Within its Global Markets division, Goldman Sachs engages in client execution activities for both cash and derivative instruments, provides solutions for credit and interest rate products, and offers comprehensive equity intermediation, financing, clearing, settlement, and custody services. This segment also transacts in products linked to mortgages, foreign exchange, commodities, and equities. The Asset Management segment is responsible for managing assets across a diverse spectrum of classes, including equities, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities. It delivers tailored investment advisory solutions and makes direct investments in corporate entities, real estate ventures, and infrastructure projects. The Consumer & Wealth Management segment provides individual clients with wealth advisory and banking services. These include financial planning, investment management, deposit-taking, and lending. It also offers private banking services, unsecured loans, and accepts savings and time deposits. Founded in 1869, the company's corporate headquarters are located in New York, New York.

New York City, NY

46,200 employees

www.goldmansachs.com

Financial Services / Financial - Capital Markets

Sector: Financial Services
Industry: Financial - Capital Markets
CEO: David Michael Solomon

View full financials

GS Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

34.87%

DEBT TO ASSETS RATIO AVG TTM

34.56%

DEBT TO ASSETS RATIO AVG 3Y

34.88%

DEBT TO ASSETS RATIO AVG 5Y

34.30%

DEBT TO ASSETS RATIO AVG 10Y

35.93%

DEBT TO ASSETS RATIO AVG 15Y

37.13%

DEBT TO ASSETS RATIO AVG 20Y

37.15%

CURRENT VS TTM AVG

+0.87%

CURRENT VS 3Y AVG

-0.03%

CURRENT VS 5Y AVG

+1.66%

CURRENT VS 10Y AVG

-2.96%

CURRENT VS 15Y AVG

-6.09%

CURRENT VS 20Y AVG

-6.15%

SECTOR MEDIAN · FINANCIAL SERVICES

0.10%

median of 102 covered companies

CURRENT VS SECTOR MEDIAN

+34767.24%

vs the sector median at left

NAME	MARKET CAP	DEBT TO ASSETS RATIO	TTM	3Y	5Y
The Goldman Sachs Group, Inc. (GS)	$303.50B	34.87%	34.56%	34.88%	34.30%
Wells Fargo & Company (WFC)vs ›	$271.16B	0.20%	N/A	N/A	N/A
Morgan Stanley (MS)vs ›	$339.64B	0.31%	N/A	N/A	N/A
Citigroup Inc. (C)vs ›	$236.33B	0.28%	N/A	N/A	N/A
American Express Company (AXP)vs ›	$217.31B	0.19%	N/A	N/A	N/A
The Toronto-Dominion Bank (TD)vs ›	$201.29B	0.14%	N/A	N/A	N/A
The Charles Schwab Corporation (SCHW)vs ›	$185.29B	0.07%	N/A	N/A	N/A
Vanguard FTSE Emerging Markets ETF (VWO)vs ›	$169.94B	N/A	N/A	N/A	N/A
BlackRock, Inc. (BLK)vs ›	$166.16B	0.09%	N/A	N/A	N/A
Bank of America Corporation (BAC)vs ›	$444.74B	0.21%	N/A	N/A	N/A

NAME

MARKET CAP

DEBT TO ASSETS RATIO

TTM

The Goldman Sachs Group, Inc. (GS)

$303.50B

34.87%

34.56%

34.88%

34.30%

Wells Fargo & Company (WFC)vs ›

$271.16B

0.20%

N/A

Morgan Stanley (MS)vs ›

$339.64B

0.31%

N/A

Citigroup Inc. (C)vs ›

$236.33B

0.28%

N/A

American Express Company (AXP)vs ›

$217.31B

0.19%

N/A

The Toronto-Dominion Bank (TD)vs ›

$201.29B

0.14%

N/A

The Charles Schwab Corporation (SCHW)vs ›

$185.29B

0.07%

N/A

Vanguard FTSE Emerging Markets ETF (VWO)vs ›

$169.94B

N/A

BlackRock, Inc. (BLK)vs ›

$166.16B

0.09%

N/A

Bank of America Corporation (BAC)vs ›

$444.74B

0.21%

N/A

Debt to Assets Ratio FAQ

What is the debt to assets ratio for The Goldman Sachs Group, Inc. (GS)?

The debt to assets ratio for GS stock is 34.87%.

Is The Goldman Sachs Group, Inc.'s debt to assets ratio high or low?

The debt to assets ratio of 34.87% is in line with its 5-year average of 34.30%, near the high end of its 5-year range (30.14%–36.81%).

What is the TTM average debt to assets ratio for The Goldman Sachs Group, Inc. (GS)?

The TTM average debt to assets ratio for GS stock is 34.56%.

What is the 3Y average debt to assets ratio for The Goldman Sachs Group, Inc. (GS)?

The 3Y average debt to assets ratio for GS stock is 34.88%.

What is the 5Y average debt to assets ratio for The Goldman Sachs Group, Inc. (GS)?

The 5Y average debt to assets ratio for GS stock is 34.30%.

What is the 10Y average debt to assets ratio for The Goldman Sachs Group, Inc. (GS)?

The 10Y average debt to assets ratio for GS stock is 35.93%.

What is the 15Y average debt to assets ratio for The Goldman Sachs Group, Inc. (GS)?

The 15Y average debt to assets ratio for GS stock is 37.13%.

What is the 20Y average debt to assets ratio for The Goldman Sachs Group, Inc. (GS)?

The 20Y average debt to assets ratio for GS stock is 37.15%.

DATE	DEBT TO ASSETS RATIO
2026-06-30	34.87%
2026-03-31	33.70%
2025-12-31	33.69%
2025-09-30	36.78%
2025-06-30	33.79%
2025-03-31	34.52%
2024-12-31	36.81%
2024-09-30	35.47%
2024-06-30	34.77%
2024-03-31	35.16%
2023-12-31	35.52%
2023-09-30	34.03%
2023-06-30	34.33%
2023-03-31	34.03%
2022-12-31	30.14%
2022-09-30	30.15%
2022-06-30	31.24%
2022-03-31	31.57%
2021-12-31	33.32%
2021-09-30	33.33%
2021-06-30	34.75%
2021-03-31	33.66%
2020-12-31	36.20%
2020-09-30	34.49%
2020-06-30	33.59%
2020-03-31	36.52%
2019-12-31	39.76%
2019-09-30	39.49%
2019-06-30	38.32%
2019-03-31	39.19%
2018-12-31	39.15%
2018-09-30	40.07%
2018-06-30	40.40%
2018-03-31	40.59%
2017-12-31	40.81%
2017-09-30	39.39%
2017-06-30	38.91%
2017-03-31	38.80%
2016-12-31	37.47%
2016-09-30	37.54%
2016-06-30	36.82%
2016-03-31	37.72%
2015-12-31	38.26%
2015-09-30	37.85%
2015-06-30	38.31%
2015-03-31	36.85%
2014-12-31	37.82%
2014-09-30	38.76%
2014-06-30	40.17%
2014-03-31	41.09%
2013-12-31	43.41%
2013-09-30	42.58%
2013-06-30	41.67%
2013-03-31	41.05%
2012-12-31	44.41%
2012-09-30	58.46%
2012-06-30	56.87%
2012-03-31	60.76%
2011-12-31	46.09%
2011-09-30	60.90%
2011-06-30	60.98%
2011-03-31	62.25%
2010-12-31	46.58%
2010-09-30	25.21%
2010-06-30	24.65%
2010-03-31	42.56%
2009-12-31	44.18%
2009-09-25	40.28%
2009-06-26	25.45%
2009-03-27	39.61%
2008-11-28	36.45%
2008-08-29	57.30%
2008-05-30	58.76%
2008-02-29	62.24%
2007-11-30	41.13%
2007-08-31	64.28%
2007-05-25	66.39%
2007-02-23	62.72%
2006-11-24	43.98%
2006-08-25	64.27%
2006-05-26	66.78%
2006-02-24	65.12%
2005-11-25	43.05%
2005-08-26	67.91%
2005-05-27	65.14%
2005-02-25	66.77%
2004-11-26	62.99%
2004-08-27	61.60%
2004-05-28	61.88%
2004-02-27	60.01%
2003-11-28	65.63%
2003-08-29	65.23%
2003-05-30	65.03%
2003-02-28	65.25%
2002-11-29	66.08%
2002-08-30	67.13%

DATE

DEBT TO ASSETS RATIO

2026-06-30

34.87%

2026-03-31

33.70%

2025-12-31

33.69%

2025-09-30

36.78%

2025-06-30

33.79%

2025-03-31

34.52%

2024-12-31

36.81%

2024-09-30

35.47%

2024-06-30

34.77%

2024-03-31

35.16%

2023-12-31

35.52%

2023-09-30

34.03%

2023-06-30

34.33%

2023-03-31

34.03%

2022-12-31

30.14%

2022-09-30

30.15%

2022-06-30

31.24%

2022-03-31

31.57%

2021-12-31

33.32%

2021-09-30

33.33%

2021-06-30

34.75%

2021-03-31

33.66%

2020-12-31

36.20%

2020-09-30

34.49%

2020-06-30

33.59%

2020-03-31

36.52%

2019-12-31

39.76%

2019-09-30

39.49%

2019-06-30

38.32%

2019-03-31

39.19%

2018-12-31

39.15%

2018-09-30

40.07%

2018-06-30

40.40%

2018-03-31

40.59%

2017-12-31

40.81%

2017-09-30

39.39%

2017-06-30

38.91%

2017-03-31

38.80%

2016-12-31

37.47%

2016-09-30

37.54%

2016-06-30

36.82%

2016-03-31

37.72%

2015-12-31

38.26%

2015-09-30

37.85%

2015-06-30

38.31%

2015-03-31

36.85%

2014-12-31

37.82%

2014-09-30

38.76%

2014-06-30

40.17%

2014-03-31

41.09%

2013-12-31

43.41%

2013-09-30

42.58%

2013-06-30

41.67%

2013-03-31

41.05%

2012-12-31

44.41%

2012-09-30

58.46%

2012-06-30

56.87%

2012-03-31

60.76%

2011-12-31

46.09%

2011-09-30

60.90%

2011-06-30

60.98%

2011-03-31

62.25%

2010-12-31

46.58%

2010-09-30

25.21%

2010-06-30

24.65%

2010-03-31

42.56%

2009-12-31

44.18%

2009-09-25

40.28%

2009-06-26

25.45%

2009-03-27

39.61%

2008-11-28

36.45%

2008-08-29

57.30%

2008-05-30

58.76%

2008-02-29

62.24%

2007-11-30

41.13%

2007-08-31

64.28%

2007-05-25

66.39%

2007-02-23

62.72%

2006-11-24

43.98%

2006-08-25

64.27%

2006-05-26

66.78%

2006-02-24

65.12%

2005-11-25

43.05%

2005-08-26

67.91%

2005-05-27

65.14%

2005-02-25

66.77%

2004-11-26

62.99%

2004-08-27

61.60%

2004-05-28

61.88%

2004-02-27

60.01%

2003-11-28

65.63%

2003-08-29

65.23%

2003-05-30

65.03%

2003-02-28

65.25%

2002-11-29

66.08%

2002-08-30

67.13%

Debt to Assets Ratio: 34.87%

GS Debt to Assets Ratio

GS Average Debt to Assets Ratio Chart

GS Current vs Average Debt to Assets Ratio Chart

GS Debt to Assets Ratio Metrics

GS Competitors' Debt to Assets Ratio

Leverage Ratios Comparison

Debt to Assets Ratio Formula & Definition

Debt to Assets Ratio FAQ

GS Debt to Assets Ratio History

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