Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.29 is in line with its 5-year average of 0.30, around the middle of its 5-year range (0.24–0.38).
As of the fiscal period ended Tuesday, June 30, 2026. 2.12% below its 12-month average of 0.29.
Reported quarterly debt to equity ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 0.29.
DEBT TO EQUITY RATIO
0.29
DEBT TO EQUITY RATIO AVG TTM
0.29
DEBT TO EQUITY RATIO AVG 3Y
0.31
DEBT TO EQUITY RATIO AVG 5Y
0.30
DEBT TO EQUITY RATIO AVG 10Y
0.27
DEBT TO EQUITY RATIO AVG 15Y
0.28
DEBT TO EQUITY RATIO AVG 20Y
0.27
CURRENT VS TTM AVG
-2.12%
CURRENT VS 3Y AVG
-6.08%
CURRENT VS 5Y AVG
-4.11%
CURRENT VS 10Y AVG
+6.81%
CURRENT VS 15Y AVG
+4.40%
CURRENT VS 20Y AVG
+7.55%
SECTOR MEDIAN · FINANCIAL SERVICES
0.65
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
-55.70%
vs the sector median at left
Aflac Incorporated
Market Cap
$59.45B
Debt to Equity Ratio
0.29
TTM Avg
0.29
3Y Avg
0.31
5Y Avg
0.30
Market Cap
$60.35B
Debt to Equity Ratio
1.09
TTM Avg
1.02
3Y Avg
1.04
5Y Avg
0.90
Market Cap
$62.63B
Debt to Equity Ratio
0.09
TTM Avg
0.64
3Y Avg
0.69
5Y Avg
0.72
Market Cap
$65.60B
Debt to Equity Ratio
0.22
TTM Avg
0.31
3Y Avg
0.38
5Y Avg
0.35
Market Cap
$50.62B
Debt to Equity Ratio
1.08
TTM Avg
1.26
3Y Avg
1.07
5Y Avg
0.94
Market Cap
$68.76B
Debt to Equity Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Aflac Incorporated (AFL) | $59.45B | 0.29 | 0.29 | 0.31 | 0.30 |
| Truist Financial Corporation (TFC)vs › | $60.35B | 1.09 | 1.02 | 1.04 | 0.90 |
| MetLife, Inc. (MET)vs › | $62.56B | 0.74 | 0.70 | 0.66 | 0.52 |
| Arthur J. Gallagher & Co. (AJG)vs › | $62.63B | 0.09 | 0.64 | 0.69 | 0.72 |
| Aon plc (AON)vs › | $63.76B | 1.64 | 2.34 | 2.34 | 4.27 |
| The Allstate Corporation (ALL)vs › | $65.60B | 0.22 | 0.31 | 0.38 | 0.35 |
| Nu Holdings Ltd. (NU)vs › | $66.88B | 3.17 | 0.29 | 0.23 | 0.23 |
| State Street Corporation (STT)vs › | $50.62B | 1.08 | 1.26 | 1.07 | 0.94 |
| VanEck Semiconductor ETF (SMH)vs › | $68.76B | N/A | N/A | N/A | N/A |
| Nasdaq, Inc. (NDAQ)vs › | $49.61B | 0.77 | 0.84 | 0.91 | 0.92 |
Debt/Equity
0.29
Current Ratio
11.31
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | 0.29 |
| 2026-03-31 | 0.26 |
| 2025-12-31 | 0.29 |
| 2025-09-30 | 0.31 |
| 2025-06-30 | 0.33 |
| 2025-03-31 | 0.29 |
| 2024-12-31 | 0.29 |
| 2024-09-30 | 0.32 |
| 2024-06-30 | 0.29 |
| 2024-03-31 | 0.34 |
| 2023-12-31 | 0.33 |
| 2023-09-30 | 0.31 |
| 2023-06-30 | 0.35 |
| 2023-03-31 | 0.38 |
| 2022-12-31 | 0.37 |
| 2022-09-30 | 0.31 |
| 2022-06-30 | 0.28 |
| 2022-03-31 | 0.26 |
| 2021-12-31 | 0.24 |
| 2021-09-30 | 0.24 |
| 2021-06-30 | 0.24 |
| 2021-03-31 | 0.25 |
| 2020-12-31 | 0.24 |
| 2020-09-30 | 0.24 |
| 2020-06-30 | 0.26 |
| 2020-03-31 | 0.26 |
| 2019-12-31 | 0.23 |
| 2019-09-30 | 0.21 |
| 2019-06-30 | 0.22 |
| 2019-03-31 | 0.23 |
| 2018-12-31 | 0.25 |
| 2018-09-30 | 0.23 |
| 2018-06-30 | 0.22 |
| 2018-03-31 | 0.22 |
| 2017-12-31 | 0.22 |
| 2017-09-30 | 0.24 |
| 2017-06-30 | 0.24 |
| 2017-03-31 | 0.26 |
| 2016-12-31 | 0.26 |
| 2016-09-30 | 0.25 |
| 2016-06-30 | 0.22 |
| 2016-03-31 | 0.25 |
| 2015-12-31 | 0.28 |
| 2015-09-30 | 0.29 |
| 2015-06-30 | 0.32 |
| 2015-03-31 | 0.34 |
| 2014-12-31 | 0.28 |
| 2014-09-30 | 0.26 |
| 2014-06-30 | 0.28 |
| 2014-03-31 | 0.31 |
| 2013-12-31 | 0.33 |
| 2013-09-30 | 0.34 |
| 2013-06-30 | 0.36 |
| 2013-03-31 | 0.28 |
| 2012-12-31 | 0.27 |
| 2012-09-30 | 0.28 |
| 2012-06-30 | 0.26 |
| 2012-03-31 | 0.29 |
| 2011-12-31 | 0.24 |
| 2011-09-30 | 0.26 |
| 2011-06-30 | 0.25 |
| 2011-03-31 | 0.27 |
| 2010-12-31 | 0.27 |
| 2010-09-30 | 0.27 |
| 2010-06-30 | 0.26 |
| 2010-03-31 | 0.29 |
| 2009-12-31 | 0.31 |
| 2009-09-30 | 0.28 |
| 2009-06-30 | 0.31 |
| 2009-03-31 | 0.32 |
| 2008-12-31 | 0.26 |
| 2008-09-30 | 0.24 |
| 2008-06-30 | 0.39 |
| 2008-03-31 | 0.20 |
| 2007-12-31 | 0.17 |
| 2007-09-30 | 0.17 |
| 2007-06-30 | 0.17 |
| 2007-03-31 | 0.17 |
| 2006-12-31 | 0.17 |
| 2006-09-30 | 0.18 |
| 2006-06-30 | 0.15 |
| 2006-03-31 | 0.18 |
| 2005-12-31 | 0.18 |
| 2005-09-30 | 0.21 |
| 2005-06-30 | 0.16 |
| 2005-03-31 | 0.18 |
| 2004-12-31 | 0.19 |
| 2004-09-30 | 0.19 |
| 2004-06-30 | 0.23 |
| 2004-03-31 | 0.20 |
| 2003-12-31 | 0.21 |
| 2003-09-30 | 0.21 |
| 2003-06-30 | 0.17 |
| 2003-03-31 | 0.19 |
| 2002-12-31 | 0.21 |
| 2002-09-30 | 0.21 |
