What is Morningstar's debt-to-assets?

Morningstar (MORN) reported debt-to-assets of 0.5× in Q1 2026.

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

Morningstar's debt-to-assets increased by 72.6% year-over-year, from 0.3× to 0.5×.

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

Over 5 years (2020 to 2025), Morningstar's debt-to-assets has grown at a 8.6% compound annual growth rate (CAGR), from 0.2× 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.

Morningstar MORN Debt-to-assets

Debt-to-assets at other companies

S&P GlobalSPGI

0.2×0.0×

FactSet Research SystemsFDS

0.5×+0.1×

Moody'sMCO

0.5×0.0×

MSCIMSCI

1.2×+0.3×

BlackrockBLK

0.1×0.0×

StepStone Group Inc.STEP

0×-0.1×

Other financials

Income statement

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Revenue$644.8M+10.8%

Gross profit$405.9M+15.8%

Operating income$155.9M+36.6%

Net income$107.1M+36.4%

EPS (diluted)$2.73+50.0%

Balance sheet

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Cash & equivalents$492.8M-3.7%

Total debt$1.9B+91.9%

Total equity$1.0B-36.7%

Total assets$4.0B+11.2%

Cash flow

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Operating cash flow$91.5M+0.5%

CapEx$37.9M+17.7%

Free cash flow$53.6M-8.8%

Valuation

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Market cap$5.84B-49.2%

Profitability

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Gross margin61.7%+1.0pp

Operating margin22.7%+0.8pp

Net margin16.1%-0.5pp

FCF margin17.4%-1.9pp

Returns & leverage

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Return on equity30.7%+5.0pp

Debt / equity1.9×+1.3×

Current ratio1×-0.1×

Where this comes from

Calculated from Morningstar’s reported figures.

total debt/total assets=0.5×

Based on the most recent quarter.

The official record: Morningstar’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morningstar's debt-to-assets?: Morningstar (MORN) reported debt-to-assets of 0.5× in Q1 2026.
How has Morningstar's debt-to-assets changed year-over-year?: Morningstar's debt-to-assets increased by 72.6% year-over-year, from 0.3× to 0.5×.
What is the long-term trend for Morningstar's debt-to-assets?: Over 5 years (2020 to 2025), Morningstar's debt-to-assets has grown at a 8.6% compound annual growth rate (CAGR), from 0.2× 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.