Goldman Sachs Financials

GS Stock  USD 417.69  2.44  0.59%   
Based on the key indicators related to Goldman Sachs' liquidity, profitability, solvency, and operating efficiency, Goldman Sachs Group is doing better financially then in previous quarter. It has a moderate chance of reporting better financial numbers in April. At this time, Goldman Sachs' Common Stock Shares Outstanding is comparatively stable compared to the past year. Total Current Assets is likely to gain to about 1.1 T in 2024, whereas Total Stockholder Equity is likely to drop slightly above 71 B in 2024. Key indicators impacting Goldman Sachs' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.180.1841
Fairly Down
Very volatile
Return On Assets0.00950.0052
Way Up
Very volatile
Return On Equity0.140.0728
Way Up
Pretty Stable
Debt Equity Ratio4.365.4884
Significantly Down
Very volatile
Operating Income13.1 B11.9 B
Significantly Up
Slightly volatile
Current Ratio0.540.8735
Way Down
Slightly volatile
The financial analysis of Goldman Sachs is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Goldman Sachs includes many different criteria found on its balance sheet. For example, investors should never minimize Goldman Sachs' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Goldman Sachs' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Goldman Sachs.

Cash And Equivalents

170.89 Billion

With this module, you can analyze Goldman financials for your investing period. You should be able to track the changes in Goldman Sachs individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Goldman Sachs Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Goldman Sachs' financial statements are interrelated, with each one affecting the others. For example, an increase in Goldman Sachs' assets may result in an increase in income on the income statement.
Evaluating Goldman Sachs' financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Goldman Sachs' profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Goldman Sachs' relative financial performance

Chance Of Distress

Less than 3

 
100  
 
Zero
Very Low
Goldman Sachs Group has less than 3 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Goldman Sachs stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Goldman Sachs' odds of distress score SHOULD NOT be confused with the real chance of Goldman Sachs Group filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Goldman is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Goldman Sachs' liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Goldman Sachs' official financial statements usually reflect Goldman Sachs' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Goldman Sachs Group. For example, before you start analyzing numbers published by Goldman accountants, it's critical to develop an understanding of what Goldman Sachs' liquidity, profitability, and earnings quality are in the context of the Capital Markets space in which it operates.
Please note, the presentation of Goldman Sachs' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Goldman Sachs' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Goldman Sachs' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Goldman Sachs Group. Please utilize our Beneish M Score to check the likelihood of Goldman Sachs' management manipulating its earnings.

Goldman Sachs Company Summary

Goldman Sachs competes with Moelis, Morgan Stanley, Stifel Financial, and Tradeweb Markets. The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. The company was founded in 1869 and is headquartered in New York, New York. Goldman Sachs operates under Capital Markets classification in the United States and is traded on New York Stock Exchange. It employs 49100 people.
Foreign Associate
  Canada
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000886982
ISINUS38141G1040
CUSIP38141G104
RegionNorth America
LocationNew York; U.S.A
Business Address200 West Street,
SectorCapital Markets
IndustryFinancials
BenchmarkNYSE Composite
Websitewww.goldmansachs.com
Phone212 902 1000
CurrencyUSD - US Dollar
You should never invest in Goldman Sachs without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Goldman Stock, because this is throwing your money away. Analyzing the key information contained in Goldman Sachs' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Goldman Sachs Key Financial Ratios

Generally speaking, Goldman Sachs' financial ratios allow both analysts and investors to convert raw data from Goldman Sachs' financial statements into concise, actionable information that can be used to evaluate the performance of Goldman Sachs over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Goldman Sachs Group reports annually and quarterly.

Goldman Sachs Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets993B1.2T1.5T1.4T1.6T940.1B
Other Current Liab(223B)(244B)(299B)6.8B520.4B546.4B
Net Debt122B110B40B(158.9B)402.0B422.1B
Retained Earnings106.5B112.9B131.8B139.4B143.7B150.9B
Accounts Payable175B191B252B262B230.7B204.3B
Cash133B156B261B466.9B241.6B253.7B
Other Assets336.9B372.1B551.9B639.9B735.9B376.3B
Net Receivables75B121B161B135.4B148.6B105.6B
Total Liab903B1.1T1.4T1.3T1.5T868.7B
Total Current Assets208B277.5B422.0B402.0B1.0T1.1T
Short Term Debt48B53B47B61B441.6B463.7B
Other Liab151.0B282B389B325.2B374.0B392.7B
Long Term Debt315.9B367.2B254B247B247.9B190.6B
Treasury Stock(84.0B)(85.9B)(91.1B)(94.6B)(85.2B)(80.9B)
Intangible Assets641M630M418M2.0B1.2B1.1B
Good Will4.2B4.3B4.3B6.4B5.9B4.2B
Net Tangible Assets79.1B84.7B99.3B106.5B122.5B87.5B
Long Term Debt Total315.9B367.2B254B247B284.1B243.9B
Capital Surpluse54.9B55.7B56.4B59.1B67.9B57.4B
Other Current Assets665.3B777.9B932.4B859.1B1.0T1.1T

Goldman Sachs Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Goldman Sachs' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense17.4B8.9B5.7B21.3B62.2B65.3B
Total Revenue33.3B40.4B59.3B47.4B46.3B33.8B
Gross Profit19.9B26.2B40.6B31.2B29.7B29.8B
Operating Income10.6B12.5B27.0B34.8B11.9B13.1B
Ebit10.6B12.5B27.0B34.8B(6.6B)(6.3B)
Ebitda12.3B14.4B29.1B37.3B(1.7B)(1.6B)
Cost Of Revenue13.4B14.3B18.7B16.2B16.6B16.7B
Income Before Tax10.6B12.5B27.0B13.5B10.7B11.4B
Net Income8.5B9.5B21.6B11.3B8.5B8.1B
Income Tax Expense2.1B3.0B5.4B2.2B2.2B3.3B
Minority Interest553M1.6B1.7B1.6B1.9B1.1B
Tax Provision2.1B3.0B5.4B2.2B2.2B2.6B
Net Interest Income4.4B4.8B6.5B7.7B6.4B5.3B
Interest Income21.7B13.7B12.1B29.0B62.4B65.6B

Goldman Sachs Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Goldman Sachs Group. It measures of how well Goldman is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Goldman Sachs brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Goldman had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Goldman Sachs has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash3.0B22.3B105.2B(19.2B)9.7B10.3B
Free Cash Flow15.4B(20.0B)(3.7B)5.0B7.4B7.8B
Depreciation1.7B1.9B2.0B2.5B4.9B5.1B
Other Non Cash Items1.0B3.1B357M2.7B(3.7B)(3.5B)
Dividends Paid2.1B2.3B2.7B3.7B(4.2B)(4.0B)
Capital Expenditures8.4B6.3B4.7B3.7B2.3B2.8B
Net Income8.5B9.5B21.6B11.3B8.5B8.1B
End Period Cash Flow133.5B155.8B261.0B241.8B251.5B264.1B
Investments(21.6B)(30.8B)(29.7B)(72.8B)(20.3B)(21.3B)
Net Borrowings22.2B51.2B90.9B82.9B95.4B100.1B
Change To Netincome1.3B6.0B(2.8B)7.5B8.7B9.1B

Goldman Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Goldman Sachs's current stock value. Our valuation model uses many indicators to compare Goldman Sachs value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Goldman Sachs competition to find correlations between indicators driving Goldman Sachs's intrinsic value. More Info.
Goldman Sachs Group is rated # 4 in number of employees category among related companies. It is rated # 4 in net income category among related companies making up about  187,991  of Net Income per Number Of Employees. At this time, Goldman Sachs' Net Income is comparatively stable compared to the past year.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Goldman Sachs by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Goldman Sachs' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Goldman Sachs' earnings, one of the primary drivers of an investment's value.

Goldman Sachs Group Systematic Risk

Goldman Sachs' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Goldman Sachs volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Goldman Sachs Group correlated with the market. If Beta is less than 0 Goldman Sachs generally moves in the opposite direction as compared to the market. If Goldman Sachs Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Goldman Sachs Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Goldman Sachs is generally in the same direction as the market. If Beta > 1 Goldman Sachs moves generally in the same direction as, but more than the movement of the benchmark.

About Goldman Sachs Financials

What exactly are Goldman Sachs Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Goldman Sachs' income statement, its balance sheet, and the statement of cash flows. Potential Goldman Sachs investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Goldman Sachs investors may use each financial statement separately, they are all related. The changes in Goldman Sachs's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Goldman Sachs's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Goldman Sachs Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Goldman Sachs is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Goldman has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Goldman Sachs' financials are consistent with your investment objective using the following steps:
  • Review Goldman Sachs' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Goldman Sachs' liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Goldman Sachs' financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Goldman Sachs' stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Goldman Sachs Thematic Clasifications

Goldman Sachs Group is part of several thematic ideas from FinTech to SRI Sustainable Growth. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Goldman Sachs Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Goldman Sachs' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Goldman Sachs growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.64)

At this time, Goldman Sachs' Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Goldman Sachs March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Goldman Sachs help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Goldman Sachs Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Goldman Sachs Group based on widely used predictive technical indicators. In general, we focus on analyzing Goldman Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Goldman Sachs's daily price indicators and compare them against related drivers.
When determining whether Goldman Sachs Group is a strong investment it is important to analyze Goldman Sachs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Goldman Sachs' future performance. For an informed investment choice regarding Goldman Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Goldman Stock analysis

When running Goldman Sachs' price analysis, check to measure Goldman Sachs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goldman Sachs is operating at the current time. Most of Goldman Sachs' value examination focuses on studying past and present price action to predict the probability of Goldman Sachs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldman Sachs' price. Additionally, you may evaluate how the addition of Goldman Sachs to your portfolios can decrease your overall portfolio volatility.
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Is Goldman Sachs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goldman Sachs. If investors know Goldman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goldman Sachs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.649
Dividend Share
10.5
Earnings Share
22.88
Revenue Per Share
132.705
Quarterly Revenue Growth
0.116
The market value of Goldman Sachs Group is measured differently than its book value, which is the value of Goldman that is recorded on the company's balance sheet. Investors also form their own opinion of Goldman Sachs' value that differs from its market value or its book value, called intrinsic value, which is Goldman Sachs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goldman Sachs' market value can be influenced by many factors that don't directly affect Goldman Sachs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goldman Sachs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Goldman Sachs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldman Sachs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.