Sprott Physical Gold Trust (PHYS) Equity Ratio (2016 - 2025)

Sprott Physical Gold Trust has disclosed Equity Ratio across 10 years of filings, most recently posting 1.0 for Q4 2025.

• Equity Ratio for Q4 2025 came in at 1.0, changed 0.01% year-over-year; the trailing twelve-month figure through Dec 2025 was 1.0 (changed 0.01% YoY), and the FY2025 annual result was 1.0, changed 0.01% from the prior year.
• Equity Ratio came in at 1.0 for Q4 2025 at Sprott Physical Gold Trust, roughly flat from 1.0 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 1.0 in Q4 2021 to a low of 1.0 in Q4 2024.
• The 5-year median for Equity Ratio is 1.0 (2022), against an average of 1.0.
• Across the five-year window, Equity Ratio slipped 0.03% in 2024 and grew 0.01% in 2025, its largest moves.
• Sprott Physical Gold Trust's Equity Ratio stood at 1.0 in 2021, then fell by 0.0% to 1.0 in 2022, then grew by 0.0% to 1.0 in 2023, then slipped by 0.03% to 1.0 in 2024, then climbed by 0.01% to 1.0 in 2025.
• The last three Equity Ratio figures came in at 1.0 (Q4 2025), 1.0 (Q4 2024), and 1.0 (Q4 2023), per Business Quant data.