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The Goldman Sachs Group, Inc. (GS)
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The Goldman Sachs Group, Inc. (GS) Debt to Equity Ratio: 4.88

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

The Goldman Sachs Group, Inc.'s debt to equity ratio of 4.88 is in line with its 5-year average of 4.58, near the high end of its 5-year range (3.71–5.06).

The debt to equity ratio for The Goldman Sachs Group, Inc. (GS) is 4.88 as of Wednesday, June 10, 2026. It is below its 12-month average by 1.81% (4.97).

GS Debt to Equity Ratio Chart

GS Debt to Equity Ratio
4.88-3.56% 1Y
Zoom

GS Average Debt to Equity Ratio Chart

GS Current vs Average Debt to Equity Ratio Chart

GS Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

4.88

DEBT TO EQUITY RATIO AVG TTM

4.97

DEBT TO EQUITY RATIO AVG 3Y

4.66

DEBT TO EQUITY RATIO AVG 5Y

4.58

DEBT TO EQUITY RATIO AVG 10Y

4.36

DEBT TO EQUITY RATIO AVG 15Y

4.62

DEBT TO EQUITY RATIO AVG 20Y

5.27

CURRENT VS TTM AVG

-1.81%

CURRENT VS 3Y AVG

+4.72%

CURRENT VS 5Y AVG

+6.59%

CURRENT VS 10Y AVG

+11.95%

CURRENT VS 15Y AVG

+5.60%

CURRENT VS 20Y AVG

-7.32%

GS Competitors' Debt to Equity Ratio

NAMEMARKET CAPDEBT TO EQUITY RATIOTTM3Y5Y
The Goldman Sachs Group, Inc. (GS)4.884.974.664.58
Morgan Stanley (MS)$327.17B4.263.853.553.32
Wells Fargo & Company (WFC)$251.58B2.351.961.691.55
Citigroup Inc. (C)$228.07B3.373.102.932.76
American Express Company (AXP)$214.47B1.731.711.741.79
Bank of America Corporation (BAC)$388.93B1.211.721.841.81
Mastercard Incorporated (MA)$432.15B2.462.632.442.27
BlackRock, Inc. (BLK)$156.77B0.270.290.260.25
The Charles Schwab Corporation (SCHW)$156.50B0.630.781.010.78
Chubb Limited (CB)$128.60B0.240.240.250.26

Financial Health

Debt/Equity

4.88

Current Ratio

0.83

The Goldman Sachs Group, Inc. Debt to Equity Ratio Formula & Definition

Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

The Goldman Sachs Group, Inc. Debt to Equity Ratio FAQ

What is the debt to equity ratio for The Goldman Sachs Group, Inc. (GS)?
The debt to equity ratio for GS stock is 4.88.
Is The Goldman Sachs Group, Inc.'s debt to equity ratio high or low?
The Goldman Sachs Group, Inc.'s debt to equity ratio of 4.88 is in line with its 5-year average of 4.58, near the high end of its 5-year range (3.71–5.06).
What is the TTM average debt to equity ratio for The Goldman Sachs Group, Inc. (GS)?
The TTM average debt to equity ratio for GS stock is 4.97.
What is the 3Y average debt to equity ratio for The Goldman Sachs Group, Inc. (GS)?
The 3Y average debt to equity ratio for GS stock is 4.66.
What is the 5Y average debt to equity ratio for The Goldman Sachs Group, Inc. (GS)?
The 5Y average debt to equity ratio for GS stock is 4.58.
What is the 10Y average debt to equity ratio for The Goldman Sachs Group, Inc. (GS)?
The 10Y average debt to equity ratio for GS stock is 4.36.
What is the 15Y average debt to equity ratio for The Goldman Sachs Group, Inc. (GS)?
The 15Y average debt to equity ratio for GS stock is 4.62.
What is the 20Y average debt to equity ratio for The Goldman Sachs Group, Inc. (GS)?
The 20Y average debt to equity ratio for GS stock is 5.27.

The Goldman Sachs Group, Inc. Debt to Equity Ratio History

DATEDEBT TO EQUITY RATIO
2025-12-314.88
2024-12-315.06
2023-12-314.99
2022-12-313.71
2021-12-314.44
2020-12-314.39
2019-12-314.37
2018-12-314.05
2017-12-314.55
2016-12-313.71
2015-12-313.80
2014-12-313.91
2013-12-315.04
2012-12-315.50
2011-12-316.05
2010-12-315.49
2009-12-315.30
2008-11-285.01
2007-11-3010.76
2006-11-2410.30
2005-11-2510.87
2004-11-2613.35
2003-11-2812.25
2002-11-2912.37
2001-11-3010.40
2000-11-3010.77
1999-11-2610.65

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
46,600 employees
Financial Services / Financial - Capital Markets
Sector
Financial Services
Industry
Financial - Capital Markets
CEO
David Solomon