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S&P Global SPGI Debt-to-equity

Debt-to-equity at other companies

Moody's logo
Moody'sMCO
2.4×+0.5×
Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
0.8×-0.1×
Intercontinental Exchange logo
Intercontinental ExchangeICE
0.7×0.0×
Prudential Financial logo
Prudential FinancialPRU
0.6×-0.1×
Broadridge Financial Solutions logo
Broadridge Financial SolutionsBR
1.2×-0.5×
Interactive Brokers Group, Inc. logo
Interactive Brokers Group, Inc.IBKR
0.0×

Other financials

Income statement

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Revenue$4.2B+10.4%
Gross profit$2.9B+11.9%
Operating income$2.0B+26.9%
Net income$1.4B+28.0%
EPS (diluted)$4.69+32.5%

Balance sheet

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Cash & equivalents$1.8B+23.2%
Total debt$11.2B-6.8%
Total equity$31.2B-6.6%
Total assets$60.8B+1.5%

Cash flow

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Operating cash flow$1.0B+8.8%
CapEx$27.0M-37.2%
Free cash flow$1.0B+11.0%

Valuation

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Market cap$123.73B-18.4%
Enterprise value$133.13B-18.0%
P/E25.9×-12.5×
P/S7.9×-2.6×

Profitability

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Gross margin70.5%+0.9pp
Operating margin43.9%+4.0pp
Net margin30.4%+3.1pp

Returns & leverage

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Return on equity14.8%+3.1pp
Current ratio0.7×-0.2×

Where this comes from

Calculated from S&P Global’s reported figures.

Based on the most recent quarter.

The official record: S&P Global’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is S&P Global's debt-to-equity?
S&P Global (SPGI) reported debt-to-equity of 0.4× in Q1 2026.
How has S&P Global's debt-to-equity changed year-over-year?
S&P Global's debt-to-equity decreased by 0.2% year-over-year, from 0.4× to 0.4×.
What is the long-term trend for S&P Global's debt-to-equity?
Over 4 years (2021 to 2025), S&P Global's debt-to-equity has grown at a -41.9% compound annual growth rate (CAGR), from 13.2× to 1.5×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.