Across 2021–2024 PRICE T ROWE GROUP INC’s balance sheet shows a net expansion of the company’s asset and equity base together with a steady reduction in relative leverage. Total assets fell from $12,509m in 2021 to $11,643m in 2022 (–6.9%), then recovered to $12,278.8m in 2023 and $13,472m in 2024, a cumulative increase of ~7.7% from 2021 to 2024. Liabilities declined from $2,255.3m in 2021 to $1,956.4m in 2022 and then edged modestly higher to $2,021.9m by 2024; as a result the liabilities/assets ratio dropped from ~18.0% in 2021 to ~15.0% in 2024. Stockholders’ equity moved from $9,022.7m (2021) to $8,839.5m (2022) then rose to $9,505.1m (2023) and $10,345.4m (2024), a ~14.7% increase over 2021 — reflecting solid retained earnings / capital generation after the 2022 dip. The 2022 contraction is the most noteworthy fluctuation and is consistent with industry-wide market and fee-pressure effects that hit many asset managers that year; the strong rebound in 2023–2024 likely reflects market recovery and improved operating results or net inflows. Overall the balance sheet appears conservative for an investment-management firm: assets are growing, equity has strengthened, and leverage has fallen, which supports capacity for dividends, buybacks or to absorb redemptions. Note that the 2025 row contains zeroes (no reported balances), so analysis focuses on 2021–2024.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.