Sprott Physical Gold Trust (PHYS) Net Debt Issuances and Repayments (2010 - 2026)
Sprott Physical Gold Trust (PHYS) recorded Net Debt Issuances and Repayments of $380.81 million in the quarter ended Sep 30, 2026, up 160.9% from $145.93 million a year earlier and up 354.6% from the prior quarter.
Sprott Physical Gold Trust (PHYS) Net Debt Issuances and Repayments (2010 - 2026) Analysis & Trends
On a TTM basis, Sprott Physical Gold Trust's Net Debt Issuances and Repayments came in at $1.36 billion as of Sep 30, 2026, down 0.8% year-over-year; for the year ended Dec 31, 2025, it was $1.7 billion, up 201.8% from the prior year.
- Annual Net Debt Issuances and Repayments has a five-year compound annual growth rate of 0.1% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Net Debt Issuances and Repayments came in at $564.2 million in the year ended Dec 31, 2024 (+132.1%), $243.05 million in the year ended Dec 31, 2023 (-70.5%), $822.54 million in the year ended Dec 31, 2022 (+136.2%) and $348.2 million in the year ended Dec 31, 2021 (-79.4%).
- Quarterly Net Debt Issuances and Repayments has ranged from $1.62 million in the quarter ended Dec 31, 2022 to $684.59 million in the quarter ended Jun 30, 2025 over the past five years.
- On a year-over-year basis, Net Debt Issuances and Repayments rose in four of the last seven quarters, with growth averaging 150.6%.
- Peak year-over-year performance for Net Debt Issuances and Repayments in the last five years was growth of 590.1% in the quarter ended Jun 30, 2025, against a decline of 95.8% in the quarter ended Dec 31, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $83.76 million (quarter ended Jun 30, 2026), $504.65 million (quarter ended Mar 31, 2026) and $395.7 million (quarter ended Dec 31, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Debt Issuance (Qtr) |
|---|---|---|---|---|---|
| 1 | Citigroup | 205.25 Bn | -2,192.43 Bn | 23.76 Bn | -27.74 Bn |
| 2 | Bhp | 201.96 Bn | 156.98 Bn | - | - |
| 3 | Bank Of Nova Scotia | 114.44 Bn | -316.95 Bn | - | 896.50 Mn |
| 4 | Vylor | 48.40 Bn | 46.20 Bn | 313.00 Mn | - |
| 5 | Nokia | 46.28 Bn | 46.28 Bn | 2.58 Bn | - |
| 6 | Haleon | 41.09 Bn | 34.80 Bn | - | - |
| 7 | Gold Fields | 32.02 Bn | 28.94 Bn | - | - |
| 8 | Smith & Nephew | 27.46 Bn | 24.86 Bn | - | - |
| 9 | Sprott Physical Gold Trust | 13.93 Bn | 13.78 Bn | - | 380.81 Mn |
| 10 | Magnum Ice Cream | 12.19 Bn | 10.88 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 380.81 Mn |
| Jun 30, 2026 | 83.76 Mn |
| Mar 31, 2026 | 504.65 Mn |
| Dec 31, 2025 | 395.70 Mn |
| Sep 30, 2025 | 145.93 Mn |
| Jun 30, 2025 | 684.59 Mn |
| Mar 31, 2025 | 476.67 Mn |
| Dec 31, 2024 | 68.95 Mn |
| Sep 30, 2024 | 361.09 Mn |
| Jun 30, 2024 | 99.21 Mn |
| Mar 31, 2024 | 34.95 Mn |
| Dec 31, 2023 | 97.74 Mn |
| Sep 30, 2023 | 3.86 Mn |
| Jun 30, 2023 | 101.31 Mn |
| Mar 31, 2023 | 40.14 Mn |
| Dec 31, 2022 | 1.62 Mn |
| Sep 30, 2022 | 11.82 Mn |
| Jun 30, 2022 | 219.27 Mn |
| Mar 31, 2022 | 589.84 Mn |
| Dec 31, 2021 | 38.82 Mn |
Sprott Physical Gold Trust Net Debt Issuances and Repayments 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=net-debt-issuances-and-repayments&ticker=PHYS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-debt-issuances-and-repayments", "ticker": "PHYS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-debt-issuances-and-repayments&ticker=PHYS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();