Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 32.32% is in line with its 5-year average of 32.52%, around the middle of its 5-year range (28.42%–37.45%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.41% below its 12-month average of 34.53%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
32.32%
DEBT TO ASSETS RATIO AVG TTM
34.53%
DEBT TO ASSETS RATIO AVG 3Y
32.68%
DEBT TO ASSETS RATIO AVG 5Y
32.52%
DEBT TO ASSETS RATIO AVG 10Y
33.56%
DEBT TO ASSETS RATIO AVG 15Y
35.38%
DEBT TO ASSETS RATIO AVG 20Y
35.25%
CURRENT VS TTM AVG
-6.41%
CURRENT VS 3Y AVG
-1.10%
CURRENT VS 5Y AVG
-0.63%
CURRENT VS 10Y AVG
-3.71%
CURRENT VS 15Y AVG
-8.65%
CURRENT VS 20Y AVG
-8.33%
SECTOR MEDIAN · REAL ESTATE
0.45%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+7081.81%
vs the sector median at left
Agree Realty Corporation
Market Cap
$9.68B
Debt to Assets Ratio
32.32%
TTM Avg
34.53%
3Y Avg
32.68%
5Y Avg
32.52%
Market Cap
$8.88B
Debt to Assets Ratio
0.45%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$8.88B
Debt to Assets Ratio
0.37%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$10.89B
Debt to Assets Ratio
0.55%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$11.43B
Debt to Assets Ratio
0.43%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Agree Realty Corporation (ADC) | $9.68B | 32.32% | 34.53% | 32.68% | 32.52% |
| CubeSmart (CUBE)vs › | $9.55B | 0.53% | N/A | N/A | N/A |
| NNN REIT, Inc. (NNN)vs › | $9.39B | 0.51% | N/A | N/A | N/A |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.88B | 0.45% | N/A | N/A | N/A |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.88B | 0.37% | N/A | N/A | N/A |
| Federal Realty Investment Trust (FRT)vs › | $10.89B | 0.55% | N/A | N/A | N/A |
| BXP, Inc. (BXP)vs › | $11.02B | 0.66% | N/A | N/A | N/A |
| CoStar Group, Inc. (CSGP)vs › | $11.30B | 0.11% | N/A | N/A | N/A |
| Camden Property Trust (CPT)vs › | $11.43B | 0.43% | N/A | N/A | N/A |
| Terreno Realty Corporation (TRNO)vs › | $7.73B | 0.18% | N/A | N/A | N/A |
Debt/Assets
32.3%
Debt/Equity
0.53
Current Ratio
0.83
Interest Coverage
2.5x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-03-31 | 32.32% |
| 2025-12-31 | 34.24% |
| 2025-09-30 | 36.05% |
| 2025-06-30 | 35.99% |
| 2025-03-31 | 34.06% |
| 2024-12-31 | 33.37% |
| 2024-09-30 | 33.24% |
| 2024-06-30 | 33.82% |
| 2024-03-31 | 32.42% |
| 2023-12-31 | 31.48% |
| 2023-09-30 | 29.19% |
| 2023-06-30 | 29.48% |
| 2023-03-31 | 29.15% |
| 2022-12-31 | 28.90% |
| 2022-09-30 | 28.42% |
| 2022-06-30 | 32.09% |
| 2022-03-31 | 32.77% |
| 2021-12-31 | 35.35% |
| 2021-09-30 | 30.56% |
| 2021-06-30 | 32.62% |
| 2021-03-31 | 37.45% |
| 2020-12-31 | 33.72% |
| 2020-09-30 | 32.88% |
| 2020-06-30 | 26.95% |
| 2020-03-31 | 43.47% |
| 2019-12-31 | 36.08% |
| 2019-09-30 | 36.80% |
| 2019-06-30 | 31.93% |
| 2019-03-31 | 35.89% |
| 2018-12-31 | 35.52% |
| 2018-09-30 | 35.31% |
| 2018-06-30 | 35.31% |
| 2018-03-31 | 36.40% |
| 2017-12-31 | 34.76% |
| 2017-09-30 | 35.47% |
| 2017-06-30 | 33.70% |
| 2017-03-31 | 35.86% |
| 2016-12-31 | 36.06% |
| 2016-09-30 | 41.87% |
| 2016-06-30 | 39.78% |
| 2016-03-31 | 42.36% |
| 2015-12-31 | 40.32% |
| 2015-09-30 | 43.95% |
| 2015-06-30 | 45.10% |
| 2015-03-31 | 43.36% |
| 2014-12-31 | 37.36% |
| 2014-09-30 | 42.88% |
| 2014-06-30 | 37.68% |
| 2014-03-31 | 35.15% |
| 2013-12-31 | 34.23% |
| 2013-09-30 | 42.78% |
| 2013-06-30 | 38.04% |
| 2013-03-31 | 33.02% |
| 2012-12-31 | 43.48% |
| 2012-09-30 | 37.40% |
| 2012-06-30 | 33.72% |
| 2012-03-31 | 28.58% |
| 2011-12-31 | 40.59% |
| 2011-09-30 | 38.68% |
| 2011-06-30 | 34.17% |
| 2011-03-31 | 34.17% |
| 2010-12-31 | 35.05% |
| 2010-09-30 | 29.36% |
| 2010-06-30 | 27.84% |
| 2010-03-31 | 39.10% |
| 2009-12-31 | 39.94% |
| 2009-09-30 | 40.26% |
| 2009-06-30 | 40.12% |
| 2009-03-31 | 39.41% |
| 2008-12-31 | 39.15% |
| 2008-09-30 | 11.29% |
| 2008-06-30 | 19.26% |
| 2008-03-31 | 16.85% |
| 2007-12-31 | 15.38% |
| 2007-09-30 | 13.06% |
| 2007-06-30 | 32.18% |
| 2007-03-31 | 31.52% |
| 2006-12-31 | 30.78% |
| 2006-09-30 | 29.53% |
| 2006-06-30 | 28.59% |
| 2006-03-31 | 28.78% |
| 2005-12-31 | 30.53% |
| 2005-09-30 | 29.37% |
| 2005-06-30 | 4.97% |
| 2005-03-31 | 4.17% |
| 2004-12-31 | 43.12% |
| 2004-09-30 | 16.18% |
| 2004-06-30 | 15.67% |
| 2004-03-31 | 14.12% |
| 2003-12-31 | 43.84% |
| 2003-09-30 | 20.99% |
| 2003-06-30 | 20.34% |
| 2003-03-31 | 20.43% |
| 2002-12-31 | 64.71% |
| 2002-09-30 | 12.48% |
| 2002-06-30 | 11.93% |
