What is Lazard's debt-to-assets?

Lazard (LAZ) reported debt-to-assets of 0.5× in Q1 2026.

How has Lazard's debt-to-assets changed year-over-year?

Lazard's debt-to-assets decreased by 1.6% year-over-year, from 0.5× to 0.5×.

What is the long-term trend for Lazard's debt-to-assets?

Over 5 years (2020 to 2025), Lazard's debt-to-assets has grown at a 2.8% compound annual growth rate (CAGR), from 0.4× to 0.4×.

What does debt-to-assets mean?

Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.

Lazard LAZ Debt-to-assets

Debt-to-assets at other companies

Jefferies Financial GroupJEF

0.3×0.0×

Goldman Sachs GroupGS

0×-0.2×

Morgan StanleyMS

0.2×0.0×

Houlihan LokeyHLI

0.1×0.0×

EvercoreEVR

0.3×0.0×

Moelis & CompanyMC

0.2×0.0×

Other financials

Income statement

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Revenue$756.6M+16.7%

Operating income$89.6M+63.9%

Net income$100.9M+67.1%

EPS (diluted)$0.91+62.5%

Balance sheet

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Cash & equivalents$1.0B+12.3%

Total debt$2.2B-1.4%

Total equity$881.3M+46.1%

Total assets$4.2B+0.2%

Cash flow

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Operating cash flow-$219.3M-0.8%

CapEx$2.2M-84.2%

Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.36B+2.5%

Enterprise value$5.5B-0.9%

P/E15.7×+1.7×

P/S1.4×-0.1×

Profitability

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Operating margin11.3%-1.9pp

Net margin8.6%-1.7pp

FCF margin15.5%-3.7pp

Returns & leverage

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Return on equity37.4%-23.8pp

Debt / equity2.5×-1.2×

Where this comes from

Calculated from Lazard’s reported figures.

total debt/total assets=0.5×

Based on the most recent quarter.

The official record: Lazard’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's debt-to-assets?: Lazard (LAZ) reported debt-to-assets of 0.5× in Q1 2026.
How has Lazard's debt-to-assets changed year-over-year?: Lazard's debt-to-assets decreased by 1.6% year-over-year, from 0.5× to 0.5×.
What is the long-term trend for Lazard's debt-to-assets?: Over 5 years (2020 to 2025), Lazard's debt-to-assets has grown at a 2.8% compound annual growth rate (CAGR), from 0.4× to 0.4×.
What does debt-to-assets mean?: Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.