Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.45 is 50% below its 5-year average of 0.90, near the low end of its 5-year range (0.29–4.49).
As of the fiscal period ended Tuesday, March 31, 2026. 13.19% above its 12-month average of 0.39.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
0.45
DEBT TO EQUITY RATIO AVG TTM
0.39
DEBT TO EQUITY RATIO AVG 3Y
0.35
DEBT TO EQUITY RATIO AVG 5Y
0.35
DEBT TO EQUITY RATIO AVG 10Y
4.09
DEBT TO EQUITY RATIO AVG 15Y
2.46
DEBT TO EQUITY RATIO AVG 20Y
1.74
CURRENT VS TTM AVG
+13.19%
CURRENT VS 3Y AVG
+27.66%
CURRENT VS 5Y AVG
+27.18%
CURRENT VS 10Y AVG
-89.10%
CURRENT VS 15Y AVG
-81.91%
CURRENT VS 20Y AVG
-74.38%
SECTOR MEDIAN · FINANCIAL SERVICES
0.54
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
-17.43%
vs the sector median at left
Market Cap
$124.44B
Debt to Equity Ratio
0.45
TTM Avg
0.60
3Y Avg
0.75
5Y Avg
0.73
Market Cap
$124.32B
Debt to Equity Ratio
0.23
TTM Avg
0.25
3Y Avg
0.31
5Y Avg
0.30
Market Cap
$109.07B
Debt to Equity Ratio
0.76
TTM Avg
0.93
3Y Avg
1.01
5Y Avg
0.96
Market Cap
$100.15B
Debt to Equity Ratio
0.94
TTM Avg
1.03
3Y Avg
1.19
5Y Avg
1.01
Market Cap
$97.40B
Debt to Equity Ratio
0.76
TTM Avg
0.93
3Y Avg
1.01
5Y Avg
0.96
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| S&P Global Inc. (SPGI) | $126.21B | 0.45 | 0.39 | 0.35 | 0.35 |
| Capital One Financial Corporation (COF)vs › | $124.44B | 0.45 | 0.60 | 0.75 | 0.73 |
| The Progressive Corporation (PGR)vs › | $124.32B | 0.23 | 0.25 | 0.31 | 0.30 |
| Chubb Limited (CB)vs › | $139.53B | 0.24 | 0.24 | 0.25 | 0.26 |
| Bank of New York Mellon Corp (BNY)vs › | $109.07B | 0.76 | 0.93 | 1.01 | 0.96 |
| The PNC Financial Services Group, Inc. (PNC)vs › | $100.15B | 0.94 | 1.03 | 1.19 | 1.01 |
| U.S. Bancorp (USB)vs › | $99.65B | 1.20 | 1.23 | 1.27 | 1.15 |
| The Bank of New York Mellon Corporation (BK)vs › | $97.40B | 0.76 | 0.93 | 1.01 | 0.96 |
| Blackstone Inc. (BX)vs › | $156.13B | 1.54 | 1.52 | 1.65 | 1.41 |
| Interactive Brokers Group, Inc. (IBKR)vs › | $158.53B | 0.00 | 1.90 | 2.53 | 3.36 |
Debt/Equity
0.45
Current Ratio
0.82
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-03-31 | 0.45 |
| 2025-12-31 | 0.45 |
| 2025-09-30 | 0.36 |
| 2025-06-30 | 0.36 |
| 2025-03-31 | 0.36 |
| 2024-12-31 | 0.36 |
| 2024-09-30 | 0.35 |
| 2024-06-30 | 0.34 |
| 2024-03-31 | 0.36 |
| 2023-12-31 | 0.35 |
| 2023-09-30 | 0.34 |
| 2023-06-30 | 0.34 |
| 2023-03-31 | 0.34 |
| 2022-12-31 | 0.32 |
| 2022-09-30 | 0.31 |
| 2022-06-30 | 0.29 |
| 2022-03-31 | 0.30 |
| 2021-12-31 | 2.31 |
| 2021-09-30 | 2.50 |
| 2021-06-30 | 3.64 |
| 2021-03-31 | 4.49 |
| 2020-12-31 | 9.34 |
| 2020-09-30 | 10.57 |
| 2020-06-30 | 21.56 |
| 2020-03-31 | -18.21 |
| 2019-12-31 | 9.77 |
| 2019-09-30 | 12.37 |
| 2019-06-30 | 8.37 |
| 2019-03-31 | 13.09 |
| 2018-12-31 | 5.83 |
| 2018-09-30 | 4.05 |
| 2018-06-30 | 6.28 |
| 2018-03-31 | 52.50 |
| 2017-12-31 | 4.65 |
| 2017-09-30 | 4.25 |
| 2017-06-30 | 3.50 |
| 2017-03-31 | 4.22 |
| 2016-12-31 | 5.08 |
| 2016-09-30 | 8.58 |
| 2016-06-30 | 8.89 |
| 2016-03-31 | 17.75 |
| 2015-12-31 | 14.86 |
| 2015-09-30 | 4.96 |
| 2015-06-30 | 1.83 |
| 2015-03-31 | 2.16 |
| 2014-12-31 | 1.47 |
| 2014-09-30 | 0.52 |
| 2014-06-30 | 0.55 |
| 2014-03-31 | 0.57 |
| 2013-12-31 | 0.59 |
| 2013-09-30 | 0.79 |
| 2013-06-30 | 0.65 |
| 2013-03-31 | 0.78 |
| 2012-12-31 | 1.50 |
| 2012-09-30 | 0.67 |
| 2012-06-30 | 0.69 |
| 2012-03-31 | 0.67 |
| 2011-12-31 | 0.79 |
| 2011-09-30 | 0.52 |
| 2011-06-30 | 0.53 |
| 2011-03-31 | 0.52 |
| 2010-12-31 | 0.54 |
| 2010-09-30 | 0.56 |
| 2010-06-30 | 0.65 |
| 2010-03-31 | 0.63 |
| 2009-12-31 | 0.65 |
| 2009-09-30 | 0.71 |
| 2009-06-30 | 0.88 |
| 2009-03-31 | 1.10 |
| 2008-12-31 | 0.99 |
| 2008-09-30 | 0.92 |
| 2008-06-30 | 1.14 |
| 2008-03-31 | 1.05 |
| 2007-12-31 | 0.75 |
| 2007-09-30 | 0.77 |
| 2007-06-30 | 0.53 |
| 2007-03-31 | 0.31 |
| 2006-12-31 | 0.00 |
| 2006-09-30 | 0.09 |
| 2006-06-30 | 0.32 |
| 2006-03-31 | 0.00 |
| 2005-12-31 | 0.00 |
| 2005-09-30 | 0.00 |
| 2005-06-30 | 0.14 |
| 2005-03-31 | 0.00 |
| 2004-12-31 | 0.00 |
| 2004-09-30 | 0.00 |
| 2004-06-30 | 0.00 |
| 2004-03-31 | 0.00 |
| 2003-12-31 | 0.01 |
| 2003-09-30 | 0.09 |
| 2003-06-30 | 0.24 |
| 2003-03-31 | 0.28 |
| 2002-12-31 | 0.27 |
| 2002-09-30 | 0.36 |
| 2002-06-30 | 0.60 |