Northern Trust (NTRS) Debt/Equity Ratio: History & Chart

Northern Trust Corporation (NTRS)NTRSNorthern Trust Corporation

About Northern Trust Corporation

Northern Trust Corporation, a financial holding company established in 1889 and based in Chicago, Illinois, offers a comprehensive suite of wealth management, asset servicing, asset management, and banking solutions worldwide. Its diverse client base includes corporations, institutions, families, and individual investors. The company structures its operations across two primary segments: Asset Servicing and Wealth Management. The Asset Servicing division delivers a broad spectrum of support and operational services tailored for institutional entities. These services include custody, fund administration, outsourced investment operations, investment management, investment risk and analytical reporting, employee benefit services, securities lending, foreign exchange, treasury management, brokerage, transition management, and banking and cash management solutions. This segment serves corporate and public retirement funds, charitable foundations, endowments, investment managers, insurance companies, sovereign wealth funds, and other major institutional investors. Conversely, the Wealth Management segment is dedicated to high-net-worth individuals, families, business owners, executives, professionals, retirees, and established privately held businesses. Its offerings span trust administration, investment management, custody, philanthropic advisory, financial consulting, guardianship and estate administration, family business consulting, family financial education, brokerage services, and private and business banking. Furthermore, Northern Trust provides extensive asset management capabilities, encompassing active and passive strategies for both equity and fixed income, cash management, and alternative asset classes like private equity and hedge funds of funds. These investment products are delivered via diverse vehicles, including individually managed accounts, bank common and collective funds, registered investment companies, exchange-traded funds, non-U.S. collective investment funds, and unregistered private investment funds. The corporation also offers sophisticated overlay and other risk management services.

Chicago, IL

23,800 employees

www.northerntrust.com

Financial Services / Asset Management

Sector: Financial Services
Industry: Asset Management
CEO: Michael Gerard O'Grady

View full financials

NTRS Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

1.18

DEBT TO EQUITY RATIO AVG TTM

1.24

DEBT TO EQUITY RATIO AVG 3Y

1.29

DEBT TO EQUITY RATIO AVG 5Y

1.30

DEBT TO EQUITY RATIO AVG 10Y

1.15

DEBT TO EQUITY RATIO AVG 15Y

1.07

DEBT TO EQUITY RATIO AVG 20Y

1.19

CURRENT VS TTM AVG

-5.28%

CURRENT VS 3Y AVG

-8.56%

CURRENT VS 5Y AVG

-9.55%

CURRENT VS 10Y AVG

+1.91%

CURRENT VS 15Y AVG

+9.47%

CURRENT VS 20Y AVG

-1.32%

SECTOR MEDIAN · FINANCIAL SERVICES

0.66

median of 90 covered companies

CURRENT VS SECTOR MEDIAN

+78.23%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Northern Trust Corporation (NTRS)	$33.94B	1.18	1.24	1.29	1.30
Raymond James Financial, Inc. (RJF)vs ›	$33.92B	0.42	0.35	0.36	0.39
Arch Capital Group Ltd. (ACGL)vs ›	$34.41B	0.18	0.12	0.15	0.17
Huntington Bancshares Incorporated (HBAN)vs ›	$35.46B	0.67	0.80	0.73	0.66
Willis Towers Watson Public Limited Company (WTW)vs ›	$32.02B	0.92	0.81	0.70	0.64
M&T Bank Corporation (MTB)vs ›	$36.30B	0.65	0.46	0.43	0.36
Citizens Financial Group, Inc. (CFG)vs ›	$30.73B	0.62	0.47	0.55	0.48
Cboe Global Markets, Inc. (CBOE)vs ›	$29.99B	0.28	0.35	0.41	0.41
The Hartford Insurance Group, Inc. (HIG)vs ›	$39.28B	0.22	0.25	0.28	0.27
Coinbase Global, Inc. (COIN)vs ›	$40.52B	0.51	0.49	0.53	0.51

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Northern Trust Corporation (NTRS)

$33.94B

1.18

1.24

1.29

1.30

Raymond James Financial, Inc. (RJF)vs ›

$33.92B

0.42

0.35

0.36

0.39

Arch Capital Group Ltd. (ACGL)vs ›

$34.41B

0.18

0.12

0.15

0.17

Huntington Bancshares Incorporated (HBAN)vs ›

$35.46B

0.67

0.80

0.73

0.66

Willis Towers Watson Public Limited Company (WTW)vs ›

$32.02B

0.92

0.81

0.70

0.64

M&T Bank Corporation (MTB)vs ›

$36.30B

0.65

0.46

0.43

0.36

Citizens Financial Group, Inc. (CFG)vs ›

$30.73B

0.62

0.47

0.55

0.48

Cboe Global Markets, Inc. (CBOE)vs ›

$29.99B

0.28

0.35

0.41

The Hartford Insurance Group, Inc. (HIG)vs ›

$39.28B

0.22

0.25

0.28

0.27

Coinbase Global, Inc. (COIN)vs ›

$40.52B

0.51

0.49

0.53

0.51

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Northern Trust Corporation (NTRS)?

The debt to equity ratio for NTRS stock is 1.18.

Is Northern Trust Corporation's debt to equity ratio high or low?

The debt to equity ratio of 1.18 is in line with its 5-year average of 1.27, around the middle of its 5-year range (0.64–2.36).

What is the TTM average debt to equity ratio for Northern Trust Corporation (NTRS)?

The TTM average debt to equity ratio for NTRS stock is 1.24.

What is the 3Y average debt to equity ratio for Northern Trust Corporation (NTRS)?

The 3Y average debt to equity ratio for NTRS stock is 1.29.

What is the 5Y average debt to equity ratio for Northern Trust Corporation (NTRS)?

The 5Y average debt to equity ratio for NTRS stock is 1.30.

What is the 10Y average debt to equity ratio for Northern Trust Corporation (NTRS)?

The 10Y average debt to equity ratio for NTRS stock is 1.15.

What is the 15Y average debt to equity ratio for Northern Trust Corporation (NTRS)?

The 15Y average debt to equity ratio for NTRS stock is 1.07.

What is the 20Y average debt to equity ratio for Northern Trust Corporation (NTRS)?

The 20Y average debt to equity ratio for NTRS stock is 1.19.

DATE	DEBT TO EQUITY RATIO
2026-06-30	1.18
2026-03-31	1.26
2025-12-31	1.27
2025-09-30	1.21
2025-06-30	1.30
2025-03-31	1.25
2024-12-31	1.25
2024-09-30	1.31
2024-06-30	1.32
2024-03-31	1.36
2023-12-31	1.45
2023-09-30	1.66
2023-06-30	2.36
2023-03-31	1.82
2022-12-31	1.32
2022-09-30	1.44
2022-06-30	0.82
2022-03-31	0.64
2021-12-31	0.70
2021-09-30	0.85
2021-06-30	0.86
2021-03-31	0.87
2020-12-31	0.82
2020-09-30	1.16
2020-06-30	1.18
2020-03-31	1.33
2019-12-31	1.06
2019-09-30	1.14
2019-06-30	1.13
2019-03-31	1.12
2018-12-31	1.34
2018-09-30	1.32
2018-06-30	1.45
2018-03-31	1.11
2017-12-31	1.21
2017-09-30	1.20
2017-06-30	0.81
2017-03-31	0.80
2016-12-31	0.91
2016-09-30	0.82
2016-06-30	1.13
2016-03-31	0.90
2015-12-31	0.93
2015-09-30	0.92
2015-06-30	0.78
2015-03-31	0.82
2014-12-31	0.82
2014-09-30	0.79
2014-06-30	0.68
2014-03-31	0.81
2013-12-31	0.94
2013-09-30	0.84
2013-06-30	1.12
2013-03-31	0.94
2012-12-31	0.79
2012-09-30	0.76
2012-06-30	0.99
2012-03-31	1.04
2011-12-31	1.18
2011-09-30	0.90
2011-06-30	1.35
2011-03-31	1.73
2010-12-31	1.50
2010-09-30	1.79
2010-06-30	1.83
2010-03-31	1.53
2009-12-31	2.62
2009-09-30	2.10
2009-06-30	1.97
2009-03-31	2.36
2008-12-31	1.47
2008-09-30	1.52
2008-06-30	1.32
2008-03-31	2.13
2007-12-31	2.45
2007-09-30	1.76
2007-06-30	1.66
2007-03-31	1.43
2006-12-31	3.49
2006-09-30	2.57
2006-06-30	2.33
2006-03-31	2.56
2005-12-31	2.46
2005-09-30	2.21
2005-06-30	2.12
2005-03-31	2.16
2004-12-31	2.59
2004-09-30	2.36
2004-06-30	3.31
2004-03-31	2.18
2003-12-31	3.20
2003-09-30	3.39
2003-06-30	3.15
2003-03-31	2.51
2002-12-31	2.87
2002-09-30	3.68

DATE

DEBT TO EQUITY RATIO

2026-06-30

1.18

2026-03-31

1.26

2025-12-31

1.27

2025-09-30

1.21

2025-06-30

1.30

2025-03-31

1.25

2024-12-31

1.25

2024-09-30

1.31

2024-06-30

1.32

2024-03-31

1.36

2023-12-31

1.45

2023-09-30

1.66

2023-06-30

2.36

2023-03-31

1.82

2022-12-31

1.32

2022-09-30

1.44

2022-06-30

0.82

2022-03-31

0.64

2021-12-31

0.70

2021-09-30

0.85

2021-06-30

0.86

2021-03-31

0.87

2020-12-31

0.82

2020-09-30

1.16

2020-06-30

1.18

2020-03-31

1.33

2019-12-31

1.06

2019-09-30

1.14

2019-06-30

1.13

2019-03-31

1.12

2018-12-31

1.34

2018-09-30

1.32

2018-06-30

1.45

2018-03-31

1.11

2017-12-31

1.21

2017-09-30

1.20

2017-06-30

0.81

2017-03-31

0.80

2016-12-31

0.91

2016-09-30

0.82

2016-06-30

1.13

2016-03-31

0.90

2015-12-31

0.93

2015-09-30

0.92

2015-06-30

0.78

2015-03-31

0.82

2014-12-31

0.82

2014-09-30

0.79

2014-06-30

0.68

2014-03-31

0.81

2013-12-31

0.94

2013-09-30

0.84

2013-06-30

1.12

2013-03-31

0.94

2012-12-31

0.79

2012-09-30

0.76

2012-06-30

0.99

2012-03-31

1.04

2011-12-31

1.18

2011-09-30

0.90

2011-06-30

1.35

2011-03-31

1.73

2010-12-31

1.50

2010-09-30

1.79

2010-06-30

1.83

2010-03-31

1.53

2009-12-31

2.62

2009-09-30

2.10

2009-06-30

1.97

2009-03-31

2.36

2008-12-31

1.47

2008-09-30

1.52

2008-06-30

1.32

2008-03-31

2.13

2007-12-31

2.45

2007-09-30

1.76

2007-06-30

1.66

2007-03-31

1.43

2006-12-31

3.49

2006-09-30

2.57

2006-06-30

2.33

2006-03-31

2.56

2005-12-31

2.46

2005-09-30

2.21

2005-06-30

2.12

2005-03-31

2.16

2004-12-31

2.59

2004-09-30

2.36

2004-06-30

3.31

2004-03-31

2.18

2003-12-31

3.20

2003-09-30

3.39

2003-06-30

3.15

2003-03-31

2.51

2002-12-31

2.87

2002-09-30

3.68

Debt to Equity Ratio: 1.18

NTRS Debt to Equity Ratio

NTRS Average Debt to Equity Ratio Chart

NTRS Current vs Average Debt to Equity Ratio Chart

NTRS Debt to Equity Ratio Metrics

NTRS Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

NTRS Debt to Equity Ratio History

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