Northern Trust (NTRS) Debt Ratio (2009 - 2026)
Northern Trust's (NTRS) Debt Ratio came in at 0.07 for Q2 2026, up 22.4% from 0.05 a year earlier and up 4.1% from the prior quarter.
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Analysis
Northern Trust (NTRS) Debt Ratio (2009 - 2026) Analysis & Trends
Since Q4 2009, Northern Trust has reported Debt Ratio for 49 quarters.
- Annual Debt Ratio has declined for three consecutive years.
- In prior years, Northern Trust's Debt Ratio was 0.07 in FY2024 (-3.3%), 0.08 in FY2023 (-5.3%), 0.08 in FY2022 (+103.0%) and 0.04 in FY2021 (-19.6%).
- Quarterly Debt Ratio has run from a low of 0.04 in Q4 2021 to a high of 0.11 in Q2 2023 over five years.
- On a year-over-year basis, Debt Ratio increased in two of the last eight quarters, with an average decline of 10.5%.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q1 2023, with growth of 164.2%; the weakest was Q3 2025, with a decline of 37.5%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.06 (Q1 2026), 0.07 (Q4 2025) and 0.06 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | 0.02 |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | 0.08 |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 0.13 |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 0.05 |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 0.32 |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | - |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 0.13 |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 0.00 |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 0.07 |
| 10 | Tradeweb Markets | 26.89 Bn | 18.69 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.07 |
| Jun 30, 2026 | 0.07 |
| Mar 31, 2026 | 0.06 |
| Dec 31, 2025 | 0.07 |
| Sep 30, 2025 | 0.06 |
| Jun 30, 2025 | 0.05 |
| Mar 31, 2025 | 0.06 |
| Dec 31, 2024 | 0.07 |
| Sep 30, 2024 | 0.09 |
| Jun 30, 2024 | 0.09 |
| Mar 31, 2024 | 0.09 |
| Dec 31, 2023 | 0.08 |
| Sep 30, 2023 | 0.09 |
| Jun 30, 2023 | 0.11 |
| Mar 31, 2023 | 0.11 |
| Dec 31, 2022 | 0.08 |
| Sep 30, 2022 | 0.07 |
| Jun 30, 2022 | 0.05 |
| Mar 31, 2022 | 0.04 |
| Dec 31, 2021 | 0.04 |
API Access
Northern Trust Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NTRS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();