Donnelley Financial Solutions Net Debt 2011-2026 | DFIN

Net Debt can be roughly defined as financial liabilities that an entity classifies in the financing section together with the resources available to service those financial liabilities^[1]

Net debt is the obligations that remain after deducting all assets and other liabilities from a company or individual. It represents the sum of debts that an organization or person must repay to their creditors or other parties.

Net debt can include various types of obligations such as loans, borrowings, lease liabilities, or credit card payments. It is important to note that net debt does not include current expenses or obligations such as payroll expenses or current bills.

Assessing net debt is an important financial indicator for evaluating the financial position of a company or individual. If net debt significantly exceeds assets, it may indicate financial difficulties and insolvency. In such cases, the company or individual may face difficulties in meeting their obligations and managing their finances.

Net debt can also be used to compare the financial stability of different companies. The lower the net debt relative to assets, the more stable and financially sound they are considered.

Overall, understanding net debt helps evaluate the financial soundness and ability of a company to meet their obligations. It is an important indicator that assists in making decisions about lending, investments, and financial management.

Annual Net Debt Donnelley Financial Solutions

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
145 M	77.7 M	115 M	151 M	87.4 M	176 M	359 M	315 M	406 M	551 M	22.9 M	48.3 M	-	-	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
551 M	22.9 M	205 M

References

Pizzo, M., Moscariello, N., & Vinciguerra, R. (2015). Market Incentives and Regulators' Activity Shaping Financial Information: An Analysis of the Net Debt Disclosure in Italy. International Journal of Business and Management, 10(1), 1.

Net Debt of other stocks in the Capital markets industry

Issuer	Net Debt	Price	% 24h	Market Cap	Country
Mercurity Fintech Holding MFH	2.77 M	-	2.62 %	$ 691 M	China
Cowen COWN	3.37 B	-	-	$ 1.1 B	USA
BGC Partners BGCP	924 M	-	1.37 %	$ 1.69 B	USA
Focus Financial Partners FOCS	2.48 B	-	-	$ 4.16 B	USA
GAMCO Investors GBL	-9.11 M	-	-8.2 %	$ 390 M	USA
A-Mark Precious Metals AMRK	-38.5 M	-	-	$ 675 M	USA
ATIF Holdings Limited ATIF	-1.22 M	-	-7.31 %	$ 6.56 M	China
AMTD International Inc. HKIB	-118 M	-	1.56 %	$ 798 M	Hong-kong
Futu Holdings Limited FUTU	4.45 B	$ 147.14	1.69 %	$ 162 B	China
JMP Group LLC JMP	21.2 M	-	0.27 %	$ 150 M	USA
China Finance Online Co. Limited JRJC	-1.17 M	-	-1.71 %	$ 15.5 M	China
National Holdings Corporation NHLD	-27.3 B	-	-	$ 44.7 M	USA
LPL Financial Holdings LPLA	6.22 B	$ 308.52	0.75 %	$ 24.3 B	USA
MarketAxess Holdings MKTX	-172 M	$ 190.71	-1.5 %	$ 7.07 B	USA
The Goldman Sachs Group GS	121 B	$ 868.58	0.7 %	$ 272 B	USA
Piper Sandler Companies PIPR	-846 M	$ 304.83	1.88 %	$ 5.13 B	USA
PJT Partners PJT	-11.5 M	$ 148.09	0.41 %	$ 5.84 B	USA
Freedom Holding Corp. FRHC	-368 M	$ 131.39	3.35 %	$ 7.8 B	Kazakhstan
Evercore EVR	-859 M	$ 314.41	2.16 %	$ 12.2 B	USA
Houlihan Lokey HLI	-270 M	$ 162.51	0.25 %	$ 10.7 B	USA
Heritage Global HGBL	-4.26 M	$ 1.32	1.08 %	$ 48.4 M	USA
Interactive Brokers Group IBKR	-2.87 B	$ 68.65	-1.08 %	$ 7.42 B	USA
StoneX Group SNEX	2.75 B	$ 125.19	-0.15 %	$ 5.94 B	USA
Nomura Holdings NMR	4.47 T	$ 8.15	0.12 %	$ 24.1 q	Japan
Morgan Stanley MS	230 B	$ 167.73	1.12 %	$ 264 B	USA
Greenhill & Co. GHL	168 M	-	-0.13 %	$ 272 M	USA
Hudson Capital HUSN	-1.58 M	-	5.06 %	$ 12 M	China
The Charles Schwab Corporation SCHW	-23.8 B	$ 95.85	0.64 %	$ 173 B	USA
Stifel Financial Corp. SF	-1.64 B	$ 74.99	0.33 %	$ 7.76 B	USA
UP Fintech Holding Limited TIGR	-16.5 M	$ 7.61	2.7 %	$ 18.3 B	China
Moelis & Company MC	29.8 M	$ 59.74	1.88 %	$ 4.63 B	USA
Tradeweb Markets TW	-439 M	$ 124.57	-0.83 %	$ 26.6 B	USA
Oppenheimer Holdings OPY	83.8 M	$ 89.37	0.71 %	$ 925 M	USA
Westwood Holdings Group WHG	-9.07 M	$ 17.64	4.69 %	$ 144 M	USA
Raymond James Financial RJF	1.58 B	$ 156.15	1.55 %	$ 31.5 B	USA
XP XP	-1.8 B	$ 20.86	2.84 %	$ 13.8 B	Brasil
Virtu Financial VIRT	978 M	$ 41.2	-1.06 %	$ 3.51 B	USA
Associated Capital Group AC	-39.5 M	-	-8.02 %	$ 673 K	USA
Lazard Ltd LAZ	219 M	$ 48.42	-1.53 %	$ 4.72 B	Bermuda
Scully Royalty Ltd. SRL	-19.9 M	$ 8.93	-0.83 %	$ 89.1 M	Canada