Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.

Solvency Ratios (Summary)
Debt to Equity
Debt to Equity (including Operating Lease Liability)
Debt to Capital
Debt to Capital (including Operating Lease Liability)
Debt to Assets
Debt to Assets (including Operating Lease Liability)
Financial Leverage

CoStar Group Inc., solvency ratios (quarterly data)

	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Debt Ratios
Debt to equity	0.14	0.14	0.14	0.15	0.17	0.17	0.17	0.18	0.18	0.18	0.18	0.19	0.14	0.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to equity (including operating lease liability)	0.15	0.15	0.15	0.15	0.17	0.18	0.18	0.18	0.18	0.19	0.19	0.19	0.15	0.22	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Debt to capital	0.12	0.12	0.13	0.13	0.14	0.15	0.15	0.15	0.15	0.15	0.16	0.16	0.12	0.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to capital (including operating lease liability)	0.13	0.13	0.13	0.13	0.15	0.15	0.15	0.15	0.16	0.16	0.16	0.16	0.13	0.18	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Debt to assets	0.11	0.12	0.12	0.12	0.13	0.13	0.14	0.14	0.14	0.14	0.14	0.15	0.11	0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to assets (including operating lease liability)	0.12	0.12	0.12	0.12	0.14	0.14	0.14	0.14	0.14	0.15	0.15	0.15	0.12	0.16	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Financial leverage	1.22	1.22	1.22	1.22	1.26	1.27	1.27	1.27	1.28	1.27	1.29	1.28	1.24	1.35	1.13	1.13	1.13	1.13	1.10	1.10	1.10	1.11

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Solvency ratio	Description	The company
Debt to equity ratio	A solvency ratio calculated as total debt divided by total shareholders’ equity.	CoStar Group Inc. debt to equity ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Debt to equity (including operating lease liability) ratio	A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity.	CoStar Group Inc. debt to equity ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Debt to capital ratio	A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity.	CoStar Group Inc. debt to capital ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Debt to capital (including operating lease liability) ratio	A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity.	CoStar Group Inc. debt to capital ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Debt to assets ratio	A solvency ratio calculated as total debt divided by total assets.	CoStar Group Inc. debt to assets ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Debt to assets (including operating lease liability) ratio	A solvency ratio calculated as total debt (including operating lease liability) divided by total assets.	CoStar Group Inc. debt to assets ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Financial leverage ratio	A solvency ratio calculated as total assets divided by total shareholders’ equity.	CoStar Group Inc. financial leverage ratio decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.

CoStar Group Inc., debt to equity calculation (quarterly data)

	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)
Total debt	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)

Stockholders’ equity	7,101,072)	6,965,609)	6,870,121)	6,706,912)	5,884,353)	5,797,298)	5,711,672)	5,603,423)	5,527,227)	5,446,925)	5,375,359)	5,318,058)	5,224,321)	3,462,811)	3,405,593)	3,299,166)	3,204,071)	3,128,614)	3,021,942)	2,928,314)	2,850,618)	2,800,964)
Solvency Ratio
Debt to equity¹	0.14	0.14	0.14	0.15	0.17	0.17	0.17	0.18	0.18	0.18	0.18	0.19	0.14	0.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

¹ Q2 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 989,858 ÷ 7,101,072 = 0.14

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Solvency ratio	Description	The company
Debt to equity ratio	A solvency ratio calculated as total debt divided by total shareholders’ equity.	CoStar Group Inc. debt to equity ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

CoStar Group Inc., debt to equity (including operating lease liability) calculation (quarterly data)

	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)
Total debt	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)
Current portion of operating lease liabilities	40,329)	36,050)	36,049)	34,063)	35,426)	32,620)	26,268)	29,878)	28,779)	27,932)	32,648)	31,494)	30,905)	27,681)	29,670)	27,137)	27,097)	26,062)	—)	—)	—)	—)
Total debt (including operating lease liability)	1,030,187)	1,025,583)	1,025,259)	1,022,953)	1,023,998)	1,020,877)	1,014,212)	1,017,511)	1,016,104)	1,014,950)	1,019,363)	1,017,907)	775,905)	772,681)	29,670)	27,137)	27,097)	26,062)	—)	—)	—)	—)

Stockholders’ equity	7,101,072)	6,965,609)	6,870,121)	6,706,912)	5,884,353)	5,797,298)	5,711,672)	5,603,423)	5,527,227)	5,446,925)	5,375,359)	5,318,058)	5,224,321)	3,462,811)	3,405,593)	3,299,166)	3,204,071)	3,128,614)	3,021,942)	2,928,314)	2,850,618)	2,800,964)
Solvency Ratio
Debt to equity (including operating lease liability)¹	0.15	0.15	0.15	0.15	0.17	0.18	0.18	0.18	0.18	0.19	0.19	0.19	0.15	0.22	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00

¹ Q2 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 1,030,187 ÷ 7,101,072 = 0.15

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Solvency ratio	Description	The company
Debt to equity (including operating lease liability) ratio	A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity.	CoStar Group Inc. debt to equity ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

CoStar Group Inc., debt to capital calculation (quarterly data)

	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)
Total debt	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)
Stockholders’ equity	7,101,072)	6,965,609)	6,870,121)	6,706,912)	5,884,353)	5,797,298)	5,711,672)	5,603,423)	5,527,227)	5,446,925)	5,375,359)	5,318,058)	5,224,321)	3,462,811)	3,405,593)	3,299,166)	3,204,071)	3,128,614)	3,021,942)	2,928,314)	2,850,618)	2,800,964)
Total capital	8,090,930)	7,955,142)	7,859,331)	7,695,802)	6,872,925)	6,785,555)	6,699,616)	6,591,056)	6,514,552)	6,433,943)	6,362,074)	6,304,471)	5,969,321)	4,207,811)	3,405,593)	3,299,166)	3,204,071)	3,128,614)	3,021,942)	2,928,314)	2,850,618)	2,800,964)
Solvency Ratio
Debt to capital¹	0.12	0.12	0.13	0.13	0.14	0.15	0.15	0.15	0.15	0.15	0.16	0.16	0.12	0.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

¹ Q2 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 989,858 ÷ 8,090,930 = 0.12

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Solvency ratio	Description	The company
Debt to capital ratio	A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity.	CoStar Group Inc. debt to capital ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

CoStar Group Inc., debt to capital (including operating lease liability) calculation (quarterly data)

	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)
Total debt	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)
Current portion of operating lease liabilities	40,329)	36,050)	36,049)	34,063)	35,426)	32,620)	26,268)	29,878)	28,779)	27,932)	32,648)	31,494)	30,905)	27,681)	29,670)	27,137)	27,097)	26,062)	—)	—)	—)	—)
Total debt (including operating lease liability)	1,030,187)	1,025,583)	1,025,259)	1,022,953)	1,023,998)	1,020,877)	1,014,212)	1,017,511)	1,016,104)	1,014,950)	1,019,363)	1,017,907)	775,905)	772,681)	29,670)	27,137)	27,097)	26,062)	—)	—)	—)	—)
Stockholders’ equity	7,101,072)	6,965,609)	6,870,121)	6,706,912)	5,884,353)	5,797,298)	5,711,672)	5,603,423)	5,527,227)	5,446,925)	5,375,359)	5,318,058)	5,224,321)	3,462,811)	3,405,593)	3,299,166)	3,204,071)	3,128,614)	3,021,942)	2,928,314)	2,850,618)	2,800,964)
Total capital (including operating lease liability)	8,131,259)	7,991,192)	7,895,380)	7,729,865)	6,908,351)	6,818,175)	6,725,884)	6,620,934)	6,543,331)	6,461,875)	6,394,722)	6,335,965)	6,000,226)	4,235,492)	3,435,263)	3,326,303)	3,231,168)	3,154,676)	3,021,942)	2,928,314)	2,850,618)	2,800,964)
Solvency Ratio
Debt to capital (including operating lease liability)¹	0.13	0.13	0.13	0.13	0.15	0.15	0.15	0.15	0.16	0.16	0.16	0.16	0.13	0.18	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00

¹ Q2 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 1,030,187 ÷ 8,131,259 = 0.13

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Solvency ratio	Description	The company
Debt to capital (including operating lease liability) ratio	A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity.	CoStar Group Inc. debt to capital ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

CoStar Group Inc., debt to assets calculation (quarterly data)

	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)
Total debt	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)

Total assets	8,691,674)	8,516,912)	8,402,470)	8,205,863)	7,420,748)	7,357,442)	7,256,871)	7,131,316)	7,075,614)	6,941,971)	6,915,420)	6,797,325)	6,479,030)	4,684,597)	3,853,986)	3,715,391)	3,620,598)	3,548,284)	3,312,957)	3,207,222)	3,122,574)	3,095,100)
Solvency Ratio
Debt to assets¹	0.11	0.12	0.12	0.12	0.13	0.13	0.14	0.14	0.14	0.14	0.14	0.15	0.11	0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

¹ Q2 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 989,858 ÷ 8,691,674 = 0.11

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Solvency ratio	Description	The company
Debt to assets ratio	A solvency ratio calculated as total debt divided by total assets.	CoStar Group Inc. debt to assets ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

CoStar Group Inc., debt to assets (including operating lease liability) calculation (quarterly data)

	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)
Total debt	989,858)	989,533)	989,210)	988,890)	988,572)	988,257)	987,944)	987,633)	987,325)	987,018)	986,715)	986,413)	745,000)	745,000)	—)	—)	—)	—)	—)	—)	—)	—)
Current portion of operating lease liabilities	40,329)	36,050)	36,049)	34,063)	35,426)	32,620)	26,268)	29,878)	28,779)	27,932)	32,648)	31,494)	30,905)	27,681)	29,670)	27,137)	27,097)	26,062)	—)	—)	—)	—)
Total debt (including operating lease liability)	1,030,187)	1,025,583)	1,025,259)	1,022,953)	1,023,998)	1,020,877)	1,014,212)	1,017,511)	1,016,104)	1,014,950)	1,019,363)	1,017,907)	775,905)	772,681)	29,670)	27,137)	27,097)	26,062)	—)	—)	—)	—)

Total assets	8,691,674)	8,516,912)	8,402,470)	8,205,863)	7,420,748)	7,357,442)	7,256,871)	7,131,316)	7,075,614)	6,941,971)	6,915,420)	6,797,325)	6,479,030)	4,684,597)	3,853,986)	3,715,391)	3,620,598)	3,548,284)	3,312,957)	3,207,222)	3,122,574)	3,095,100)
Solvency Ratio
Debt to assets (including operating lease liability)¹	0.12	0.12	0.12	0.12	0.14	0.14	0.14	0.14	0.14	0.15	0.15	0.15	0.12	0.16	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00

¹ Q2 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 1,030,187 ÷ 8,691,674 = 0.12

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Solvency ratio	Description	The company
Debt to assets (including operating lease liability) ratio	A solvency ratio calculated as total debt (including operating lease liability) divided by total assets.	CoStar Group Inc. debt to assets ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

CoStar Group Inc., financial leverage calculation (quarterly data)

	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Selected Financial Data (US$ in thousands)
Total assets	8,691,674)	8,516,912)	8,402,470)	8,205,863)	7,420,748)	7,357,442)	7,256,871)	7,131,316)	7,075,614)	6,941,971)	6,915,420)	6,797,325)	6,479,030)	4,684,597)	3,853,986)	3,715,391)	3,620,598)	3,548,284)	3,312,957)	3,207,222)	3,122,574)	3,095,100)
Stockholders’ equity	7,101,072)	6,965,609)	6,870,121)	6,706,912)	5,884,353)	5,797,298)	5,711,672)	5,603,423)	5,527,227)	5,446,925)	5,375,359)	5,318,058)	5,224,321)	3,462,811)	3,405,593)	3,299,166)	3,204,071)	3,128,614)	3,021,942)	2,928,314)	2,850,618)	2,800,964)
Solvency Ratio
Financial leverage¹	1.22	1.22	1.22	1.22	1.26	1.27	1.27	1.27	1.28	1.27	1.29	1.28	1.24	1.35	1.13	1.13	1.13	1.13	1.10	1.10	1.10	1.11

¹ Q2 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 8,691,674 ÷ 7,101,072 = 1.22

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Solvency ratio	Description	The company
Financial leverage ratio	A solvency ratio calculated as total assets divided by total shareholders’ equity.	CoStar Group Inc. financial leverage ratio decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.

CoStar Group Inc. (NASDAQ:CSGP)

Analysis of Solvency Ratios
Quarterly Data

Solvency Ratios (Summary)

Debt to Equity

Debt to Equity (including Operating Lease Liability)

Debt to Capital

Debt to Capital (including Operating Lease Liability)

Debt to Assets

Debt to Assets (including Operating Lease Liability)

Financial Leverage

CoStar Group Inc. (NASDAQ:CSGP)

Analysis of Solvency RatiosQuarterly Data

Solvency Ratios (Summary)

Debt to Equity

Debt to Equity (including Operating Lease Liability)

Debt to Capital

Debt to Capital (including Operating Lease Liability)

Debt to Assets

Debt to Assets (including Operating Lease Liability)

Financial Leverage

Analysis of Solvency Ratios
Quarterly Data