A. O. Smith Corporation logo
AOSA. O. Smith Corporation

Debt to Assets Ratio: 17.98%

Is the debt to assets ratio high or low?

The debt to assets ratio of 17.98% is 139% above its 5-year average of 7.54%, near the high end of its 5-year range (4.18%–17.98%).

As of Thursday, June 25, 2026. 78.70% above its 12-month average of 10.06%.

Debt to Assets

AOS Debt to Assets Ratio

17.98%

Reported quarterly debt to assets ratio; no daily interpolation.

+302.54% 5Y
AOS Debt to Assets Ratio

AOS Average Debt to Assets Ratio Chart

AOS Debt to Assets Ratio

AOS Current vs Average Debt to Assets Ratio Chart

AOS Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

17.98%

DEBT TO ASSETS RATIO AVG TTM

10.06%

DEBT TO ASSETS RATIO AVG 3Y

6.76%

DEBT TO ASSETS RATIO AVG 5Y

7.01%

DEBT TO ASSETS RATIO AVG 10Y

8.93%

DEBT TO ASSETS RATIO AVG 15Y

9.74%

DEBT TO ASSETS RATIO AVG 20Y

11.01%

CURRENT VS TTM AVG

+78.70%

CURRENT VS 3Y AVG

+166.05%

CURRENT VS 5Y AVG

+156.42%

CURRENT VS 10Y AVG

+101.44%

CURRENT VS 15Y AVG

+84.72%

CURRENT VS 20Y AVG

+63.42%

AOS Competitors' Debt to Assets Ratio

NAMEMARKET CAPDEBT TO ASSETS RATIOTTM3Y5Y
A. O. Smith Corporation (AOS)$8.41B17.98%10.06%6.76%7.01%
EnerSys (ENS)vs ›$8.29B0.30%N/AN/AN/A
AGCO Corporation (AGCO)vs ›$8.53B0.23%N/AN/AN/A
Kratos Defense & Security Solutions, Inc. (KTOS)vs ›$8.73B0.07%N/AN/AN/A
Gartner, Inc. (IT)vs ›$8.74B0.45%N/AN/AN/A
Planet Labs PBC (PL)vs ›$8.76B0.40%N/AN/AN/A
Aecom (ACM)vs ›$8.98B0.28%N/AN/AN/A
Pool Corporation (POOL)vs ›$7.48B0.42%N/AN/AN/A
Builders FirstSource, Inc. (BLDR)vs ›$9.47B0.50%N/AN/AN/A
MYR Group Inc. (MYRG)vs ›$7.32B0.06%N/AN/AN/A

Leverage Ratios Comparison

Debt/Assets

18.0%

Debt/Equity

0.10

Current Ratio

1.50

Interest Coverage

53.9x

Formula: Debt/Assets = Total Debt / Total Assets × 100

Debt/Assets vs Debt/Equity:

  • Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
  • Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
  • Both measure leverage but from different perspectives

Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.

Debt to Assets Ratio Formula & Definition

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

Debt to Assets Ratio FAQ

What is the debt to assets ratio for A. O. Smith Corporation (AOS)?
The debt to assets ratio for AOS stock is 17.98%.
Is A. O. Smith Corporation's debt to assets ratio high or low?
The debt to assets ratio of 17.98% is 139% above its 5-year average of 7.54%, near the high end of its 5-year range (4.18%–17.98%).
What is the TTM average debt to assets ratio for A. O. Smith Corporation (AOS)?
The TTM average debt to assets ratio for AOS stock is 10.06%.
What is the 3Y average debt to assets ratio for A. O. Smith Corporation (AOS)?
The 3Y average debt to assets ratio for AOS stock is 6.76%.
What is the 5Y average debt to assets ratio for A. O. Smith Corporation (AOS)?
The 5Y average debt to assets ratio for AOS stock is 7.01%.
What is the 10Y average debt to assets ratio for A. O. Smith Corporation (AOS)?
The 10Y average debt to assets ratio for AOS stock is 8.93%.
What is the 15Y average debt to assets ratio for A. O. Smith Corporation (AOS)?
The 15Y average debt to assets ratio for AOS stock is 9.74%.
What is the 20Y average debt to assets ratio for A. O. Smith Corporation (AOS)?
The 20Y average debt to assets ratio for AOS stock is 11.01%.

AOS Debt to Assets Ratio History

DATEDEBT TO ASSETS RATIO
2026-03-3117.98%
2025-12-316.11%
2025-09-306.98%
2025-06-3010.21%
2025-03-319.03%
2024-12-316.69%
2024-09-304.54%
2024-06-305.16%
2024-03-314.59%
2023-12-314.83%
2023-09-304.86%
2023-06-307.14%
2023-03-3110.97%
2022-12-3111.01%
2022-09-309.63%
2022-06-309.68%
2022-03-319.32%
2021-12-316.30%
2021-09-304.18%
2021-06-304.47%
2021-03-314.58%
2020-12-314.67%
2020-09-305.38%
2020-06-3010.68%
2020-03-3112.73%
2019-12-3110.55%
2019-09-3012.09%
2019-06-3012.93%
2019-03-3110.75%
2018-12-317.21%
2018-09-306.39%
2018-06-308.04%
2018-03-319.44%
2017-12-3112.84%
2017-09-3014.48%
2017-06-3012.57%
2017-03-3112.56%
2016-12-3111.19%
2016-09-3011.90%
2016-06-3010.55%
2016-03-3110.84%
2015-12-319.41%
2015-09-3010.03%
2015-06-3010.80%
2015-03-3111.85%
2014-12-318.90%
2014-09-3010.23%
2014-06-3010.30%
2014-03-319.53%
2013-12-318.02%
2013-09-309.70%
2013-06-309.12%
2013-03-3110.11%
2012-12-3110.76%
2012-09-3012.51%
2012-06-3012.99%
2012-03-3114.19%
2011-12-3119.65%
2011-09-3016.74%
2011-06-3017.52%
2011-03-3115.41%
2010-12-3112.36%
2010-09-3013.78%
2010-06-3012.44%
2010-03-3114.63%
2009-12-3113.32%
2009-09-3012.93%
2009-06-3016.37%
2009-03-3119.32%
2008-12-3117.77%
2008-09-3018.56%
2008-06-3020.00%
2008-03-3122.84%
2007-12-3121.31%
2007-09-3022.79%
2007-06-3023.74%
2007-03-3124.79%
2006-12-3123.86%
2006-09-3026.32%
2006-06-3026.62%
2006-03-3117.79%
2005-12-3113.10%
2005-09-3016.40%
2005-06-3018.61%
2005-03-3119.99%
2004-12-3121.41%
2004-09-3022.33%
2004-06-3021.52%
2004-03-3121.72%
2003-12-1321.53%
2003-09-3021.07%
2003-06-3021.38%
2003-03-3120.95%
2002-12-3120.47%
2002-09-3017.75%
2002-06-3019.41%

About A. O. Smith Corporation

A. O. Smith Corporation (AOS) is a global manufacturer and marketer specializing in a comprehensive array of water heating and treatment solutions. Its operations span North America, China, Europe, and India, organized into two primary geographic segments: North America and Rest of World. The company's product portfolio is extensive, featuring residential and commercial water heaters (gas, heat pump, and electric models), boilers, storage tanks, and various water treatment systems. These products cater to a wide range of applications, including homes, apartments, and condominiums, as well as commercial entities such as restaurants, hotels, office buildings, laundries, car washes, small businesses, hospitals, and schools. Specific offerings include diverse water treatment products like point-of-entry water softeners, well water purification systems, whole-home filtration units, portable filtration bottles, point-of-use carbon filters, and reverse osmosis systems, designed for residential, restaurant, hotel, and office use. A. O. Smith also supplies food and beverage filtration products, expansion tanks, commercial solar water heating installations, and heaters for swimming pools and spas, along with associated components. Advanced heating solutions further encompass heat pumps, electric wall-hung units, gas tankless heaters, combi-boilers, and integrated heat pump and solar water heaters. Products are primarily sold under established brands such as A. O. Smith, State, and Lochinvar, in addition to specialized water softener brands. The company leverages various distribution channels, including independent wholesale plumbing distributors, retail outlets like hardware and home center chains, and manufacturer representative firms. Its Aquasana-branded products are sold directly to consumers through e-commerce platforms and other online retailers. Founded in 1874, A. O. Smith Corporation maintains its corporate headquarters in Milwaukee, Wisconsin.

Milwaukee, WI
12,700 employees
Industrials / Industrial - Machinery
Sector
Industrials
Industry
Industrial - Machinery
CEO
Stephen Shafer