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 44.89% is 24% above its 5-year average of 36.18%, near the high end of its 5-year range (27.11%–44.89%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.20% above its 12-month average of 44.36%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
44.89%
DEBT TO ASSETS RATIO AVG TTM
44.36%
DEBT TO ASSETS RATIO AVG 3Y
40.28%
DEBT TO ASSETS RATIO AVG 5Y
36.18%
DEBT TO ASSETS RATIO AVG 10Y
30.05%
DEBT TO ASSETS RATIO AVG 15Y
31.13%
DEBT TO ASSETS RATIO AVG 20Y
31.29%
CURRENT VS TTM AVG
+1.20%
CURRENT VS 3Y AVG
+11.46%
CURRENT VS 5Y AVG
+24.07%
CURRENT VS 10Y AVG
+49.38%
CURRENT VS 15Y AVG
+44.23%
CURRENT VS 20Y AVG
+43.46%
SECTOR MEDIAN · BASIC MATERIALS
0.24%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+18605.48%
vs the sector median at left
Air Products and Chemicals, Inc.
Market Cap
$66.30B
Debt to Assets Ratio
44.89%
TTM Avg
44.36%
3Y Avg
40.28%
5Y Avg
36.18%
Market Cap
$70.38B
Debt to Assets Ratio
0.16%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$74.02B
Debt to Assets Ratio
0.09%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Air Products and Chemicals, Inc. (APD) | $66.30B | 44.89% | 44.36% | 40.28% | 36.18% |
| Vale S.A. (VALE)vs › | $66.55B | 0.21% | N/A | N/A | N/A |
| Wheaton Precious Metals Corp. (WPM)vs › | $70.38B | 0.16% | N/A | N/A | N/A |
| CRH plc (CRH)vs › | $61.05B | 0.34% | N/A | N/A | N/A |
| Barrick Mining Corporation (B)vs › | $74.02B | 0.09% | N/A | N/A | N/A |
| Nucor Corporation (NUE)vs › | $58.54B | 0.19% | N/A | N/A | N/A |
| Corteva, Inc. (CTVA)vs › | $57.38B | 0.12% | N/A | N/A | N/A |
| AngloGold Ashanti plc (AU)vs › | $54.70B | 0.12% | N/A | N/A | N/A |
| Ecolab Inc. (ECL)vs › | $78.13B | 0.46% | N/A | N/A | N/A |
| The Sherwin-Williams Company (SHW)vs › | $79.26B | 0.53% | N/A | N/A | N/A |
Debt/Assets
44.9%
Debt/Equity
1.31
Current Ratio
1.08
Interest Coverage
-4.1x
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 |
|---|---|
| 2026-06-30 | 44.89% |
| 2026-03-31 | 44.08% |
| 2025-12-31 | 43.98% |
| 2025-09-30 | 44.83% |
| 2025-06-30 | 44.03% |
| 2025-03-31 | 42.43% |
| 2024-12-31 | 37.80% |
| 2024-09-30 | 37.92% |
| 2024-06-30 | 39.68% |
| 2024-03-31 | 39.74% |
| 2023-12-31 | 37.35% |
| 2023-09-30 | 34.47% |
| 2023-06-30 | 32.42% |
| 2023-03-31 | 33.20% |
| 2022-12-31 | 30.71% |
| 2022-09-30 | 30.62% |
| 2022-06-30 | 27.60% |
| 2022-03-31 | 27.11% |
| 2021-12-31 | 27.20% |
| 2021-09-30 | 30.60% |
| 2021-06-30 | 29.20% |
| 2021-03-31 | 30.60% |
| 2020-12-31 | 30.69% |
| 2020-09-30 | 33.03% |
| 2020-06-30 | 34.67% |
| 2020-03-31 | 16.99% |
| 2019-12-31 | 17.00% |
| 2019-09-30 | 17.56% |
| 2019-06-30 | 19.56% |
| 2019-03-31 | 19.70% |
| 2018-12-31 | 19.68% |
| 2018-09-30 | 19.88% |
| 2018-06-30 | 20.16% |
| 2018-03-31 | 19.27% |
| 2017-12-31 | 19.29% |
| 2017-09-30 | 21.46% |
| 2017-06-30 | 21.99% |
| 2017-03-31 | 21.50% |
| 2016-12-31 | 27.06% |
| 2016-09-30 | 28.90% |
| 2016-06-30 | 33.27% |
| 2016-03-31 | 34.61% |
| 2015-12-31 | 33.71% |
| 2015-09-30 | 33.92% |
| 2015-06-30 | 33.18% |
| 2015-03-31 | 33.90% |
| 2014-12-31 | 34.53% |
| 2014-09-30 | 34.41% |
| 2014-06-30 | 33.50% |
| 2014-03-31 | 34.33% |
| 2013-12-31 | 34.43% |
| 2013-09-30 | 35.15% |
| 2013-06-30 | 35.05% |
| 2013-03-31 | 34.73% |
| 2012-12-31 | 34.70% |
| 2012-09-30 | 31.23% |
| 2012-06-30 | 28.34% |
| 2012-03-31 | 31.69% |
| 2011-12-31 | 32.07% |
| 2011-09-30 | 31.92% |
| 2011-06-30 | 31.12% |
| 2011-03-31 | 31.81% |
| 2010-12-31 | 29.66% |
| 2010-09-30 | 30.57% |
| 2010-06-30 | 32.22% |
| 2010-03-31 | 33.02% |
| 2009-12-31 | 34.22% |
| 2009-09-30 | 34.55% |
| 2009-06-30 | 33.86% |
| 2009-03-31 | 34.54% |
| 2008-12-31 | 34.02% |
| 2008-09-30 | 31.55% |
| 2008-06-30 | 30.82% |
| 2008-03-31 | 33.16% |
| 2007-12-31 | 30.55% |
| 2007-09-30 | 29.05% |
| 2007-06-30 | 30.07% |
| 2007-03-31 | 27.90% |
| 2006-12-31 | 27.39% |
| 2006-09-30 | 25.49% |
| 2006-06-30 | 26.39% |
| 2006-03-31 | 25.40% |
| 2005-12-31 | 24.55% |
| 2005-09-30 | 24.02% |
| 2005-06-30 | 24.39% |
| 2005-03-31 | 23.46% |
| 2004-12-31 | 24.08% |
| 2004-09-30 | 23.84% |
| 2004-06-30 | 24.77% |
| 2004-03-31 | 26.64% |
| 2003-12-31 | 26.28% |
| 2003-09-30 | 26.62% |
| 2003-06-30 | 26.46% |
| 2003-03-31 | 27.42% |
| 2002-12-31 | 27.70% |
| 2002-09-30 | 28.08% |
