Marsh & McLennan Companies, Inc. (MMC)

Solvency & Capital Structure

Total Debt

$22.38B

Net Debt

$20.68B

Marsh & McLennan Companies, Inc. currently has $22.38B in total debt. Net debt is $20.68B after cash offsets.

Financial Fundamentals

MMC • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	22.38	1.70	20.68	59.68	37.5%
2026-03-31	22.45	1.61	20.84	58.55	38.3%
2025-12-31	21.45	2.69	18.76	58.71	36.5%
2025-09-30	21.43	2.51	18.91	58.78	36.4%
2025-06-30	21.61	1.68	19.93	58.55	36.9%
2025-03-31	22.42	1.60	20.82	57.02	39.3%
2024-12-31	21.86	2.40	19.46	56.48	38.7%
2024-09-30	14.78	1.80	12.98	49.86	29.6%
2024-06-30	15.44	1.65	13.78	48.59	31.8%
2024-03-31	15.38	1.45	13.93	47.57	32.3%
2023-12-31	15.44	3.36	12.08	48.03	32.1%
2023-09-30	15.60	2.90	12.69	48.00	32.5%
2023-06-30	14.63	1.17	13.46	46.57	31.4%
2023-03-31	14.98	1.01	13.97	34.36	43.6%
2022-12-31	13.47	1.44	12.03	33.45	40.3%
2022-09-30	13.28	0.80	12.48	32.02	41.5%
2022-06-30	13.86	0.91	12.96	33.44	41.5%
2022-03-31	13.90	0.77	13.13	33.69	41.3%
2021-12-31	13.16	1.75	11.41	34.39	38.3%
2021-09-30	12.98	1.40	11.59	32.98	39.4%
2021-06-30	13.11	0.89	12.22	32.95	39.8%
2021-03-31	13.45	1.12	12.33	32.27	41.7%
2020-12-31	13.58	2.09	11.49	33.03	41.1%
2020-09-30	14.98	2.39	12.60	32.76	45.7%
2020-06-30	15.44	1.71	13.72	32.17	48.0%
2020-03-31	15.87	1.48	14.39	31.39	50.6%
2019-12-31	14.22	1.16	13.07	31.32	45.4%
2019-09-30	14.87	1.21	13.65	31.10	47.8%
2019-06-30	15.45	1.29	14.16	32.12	48.1%
2019-03-31	14.91	1.12	13.80	30.14	49.5%
2018-12-31	5.82	1.07	4.76	21.58	27.0%
2018-09-30	6.15	0.95	5.20	21.13	29.1%
2018-06-30	6.25	1.04	5.22	21.16	29.5%
2018-03-31	6.33	1.17	5.16	21.38	29.6%
2017-12-31	5.49	1.21	4.28	20.43	26.9%
2017-09-30	5.49	1.08	4.41	19.69	27.9%
2017-06-30	5.64	0.97	4.67	19.44	29.0%
2017-03-31	5.89	0.93	4.96	18.97	31.1%
2016-12-31	4.81	1.03	3.78	18.19	26.4%
2016-09-30	4.76	1.39	3.37	18.36	25.9%
2016-06-30	4.76	0.97	3.78	18.08	26.3%
2016-03-31	5.01	0.92	4.09	18.13	27.7%
2015-12-31	4.41	1.37	3.04	18.22	24.2%
2015-09-30	4.48	1.33	3.15	17.76	25.2%
2015-06-30	3.94	0.93	3.01	17.41	22.6%
2015-03-31	3.89	1.10	2.79	16.83	23.1%
2014-12-31	3.39	1.96	1.43	17.84	19.0%
2014-09-30	4.02	2.65	1.37	18.06	22.3%
2014-06-30	3.54	2.00	1.54	17.59	20.2%
2014-03-31	3.05	1.38	1.67	16.58	18.4%
2013-12-31	2.96	2.30	0.65	16.93	17.5%
2013-09-30	3.21	2.17	1.03	16.98	18.9%
2013-06-30	2.71	1.23	1.48	15.84	17.1%
2013-03-31	2.71	1.26	1.45	15.54	17.5%
2012-12-31	2.92	2.30	0.62	16.31	17.9%
2012-09-30	2.92	2.04	0.88	15.74	18.5%
2012-06-30	2.92	1.50	1.42	15.20	19.2%
2012-03-31	2.92	1.41	1.51	15.01	19.5%
2011-12-31	2.93	2.11	0.81	15.45	18.9%
2011-09-30	2.93	1.71	1.22	15.12	19.4%
2011-06-30	3.03	1.66	1.37	15.45	19.6%
2011-03-31	3.03	1.33	1.70	15.07	20.1%
2010-12-31	3.03	1.89	1.14	15.31	19.8%
2010-09-30	3.04	1.70	1.34	14.90	20.4%
2010-06-30	3.59	1.48	2.11	15.62	23.0%
2010-03-31	3.59	1.17	2.42	14.96	24.0%
2009-12-31	3.59	1.78	1.81	15.34	23.4%
2009-09-30	3.60	1.81	1.78	15.34	23.4%
2009-06-30	3.60	1.29	2.31	14.92	24.1%
2009-03-31	4.00	1.41	2.58	14.86	26.9%
2008-12-31	3.60	1.69	1.92	15.21	23.7%
2008-09-30	3.60	1.46	2.14	16.03	22.5%
2008-06-30	3.61	1.17	2.44	16.43	22.0%
2008-03-31	3.61	1.28	2.33	16.47	21.9%
2007-12-31	3.86	2.13	1.73	17.36	22.3%
2007-09-30	3.87	2.82	1.05	17.54	22.1%
2007-06-30	4.95	1.12	3.83	17.19	28.8%
2007-03-31	4.65	1.20	3.45	17.23	27.0%
2006-12-31	4.97	2.09	2.88	18.14	27.4%
2006-09-30	5.08	1.68	3.40	17.82	28.5%
2006-06-30	5.23	1.38	3.86	17.44	30.0%
2006-03-31	5.41	1.57	3.84	17.52	30.9%
2005-12-31	5.54	2.02	3.52	17.89	31.0%
2005-09-30	5.01	1.24	3.77	17.51	28.6%
2005-06-30	5.05	0.86	4.20	17.13	29.5%
2005-03-31	5.24	0.91	4.33	17.55	29.8%
2004-12-31	5.33	1.40	3.93	18.34	29.1%
2004-09-30	4.85	0.58	4.28	17.07	28.4%
2004-06-30	3.21	0.40	2.81	14.78	21.7%
2004-03-31	3.95	0.63	3.32	15.51	25.5%
2003-12-31	3.36	0.67	2.69	15.05	22.3%
2003-09-30	3.12	0.69	2.43	14.49	21.5%
2003-06-30	3.25	0.62	2.63	14.46	22.5%
2003-03-31	3.65	0.57	3.09	13.86	26.4%
2002-12-31	3.43	0.55	2.89	13.86	24.8%
2002-09-30	3.38	0.68	2.70	13.02	25.9%
2002-06-30	3.50	0.47	3.03	13.12	26.7%
2002-03-31	3.62	0.54	3.08	13.20	27.4%
2001-12-31	3.09	0.54	2.55	13.29	23.3%
2001-09-30	3.36	0.60	2.76	13.44	25.0%
2001-06-30	3.49	0.40	3.09	13.40	26.1%
2001-03-31	3.56	0.33	3.22	13.49	26.4%
2000-12-31	2.68	0.24	2.44	13.77	19.5%
2000-09-30	3.13	0.34	2.79	13.62	23.0%
2000-06-30	3.65	0.44	3.21	13.64	26.8%
2000-03-31	3.88	0.51	3.38	13.42	29.0%
1999-12-31	3.49	0.43	3.06	13.02	26.8%
1999-09-30	3.61	0.64	2.96	12.39	29.1%
1999-06-30	3.55	0.60	2.96	11.98	29.7%
1999-03-31	3.92	0.59	3.33	11.87	33.1%
1998-12-31	3.82	0.61	3.21	11.87	32.2%
1998-09-30	1.76	0.67	1.09	8.73	20.2%
1998-06-30	1.94	0.60	1.34	8.60	22.6%
1998-03-31	1.67	0.57	1.10	8.34	20.0%
1997-12-31	1.48	0.42	1.05	7.91	18.7%
1997-09-30	1.57	0.43	1.13	7.39	21.2%
1997-06-30	1.72	0.50	1.22	7.46	23.1%
1997-03-31	1.79	0.59	1.20	7.26	24.6%
1996-12-31	0.85	0.30	0.55	4.55	18.7%
1996-09-30	0.88	0.42	0.46	4.30	20.4%