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 24.51% is 35% above its 5-year average of 18.22%, near the high end of its 5-year range (0.00%–33.65%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.93% below its 12-month average of 28.47%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
24.51%
DEBT TO ASSETS RATIO AVG TTM
28.47%
DEBT TO ASSETS RATIO AVG 3Y
25.38%
DEBT TO ASSETS RATIO AVG 5Y
18.22%
DEBT TO ASSETS RATIO AVG 10Y
9.34%
DEBT TO ASSETS RATIO AVG 15Y
0.12%
DEBT TO ASSETS RATIO AVG 20Y
0.03%
CURRENT VS TTM AVG
-13.93%
CURRENT VS 3Y AVG
-3.45%
CURRENT VS 5Y AVG
+34.51%
CURRENT VS 10Y AVG
+162.50%
CURRENT VS 15Y AVG
+19960.55%
CURRENT VS 20Y AVG
+80393.73%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+9148.27%
vs the sector median at left
Axon Enterprise, Inc.
Market Cap
$41.42B
Debt to Assets Ratio
24.51%
TTM Avg
28.47%
3Y Avg
25.38%
5Y Avg
18.22%
Market Cap
$41.10B
Debt to Assets Ratio
0.45%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$39.09B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$44.05B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$38.47B
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Axon Enterprise, Inc. (AXON) | $41.42B | 24.51% | 28.47% | 25.38% | 18.22% |
| Waste Connections, Inc. (WCN)vs › | $41.10B | 0.45% | N/A | N/A | N/A |
| Paychex, Inc. (PAYX)vs › | $41.86B | 0.29% | N/A | N/A | N/A |
| Ferrovial SE (FER)vs › | $42.26B | 0.39% | N/A | N/A | N/A |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $39.09B | 0.00% | N/A | N/A | N/A |
| Thomson Reuters Corporation (TRI)vs › | $44.05B | 0.18% | N/A | N/A | N/A |
| Rocket Lab USA, Inc. (RKLB)vs › | $38.47B | 0.03% | N/A | N/A | N/A |
| HEICO Corporation (HEI)vs › | $44.45B | 0.26% | N/A | N/A | N/A |
| Ferguson plc (FERG)vs › | $44.56B | 0.33% | N/A | N/A | N/A |
| HEICO Corporation (HEI-A)vs › | $45.51B | 0.26% | N/A | N/A | N/A |
Debt/Assets
24.5%
Debt/Equity
0.50
Current Ratio
2.15
Interest Coverage
-0.7x
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 | 24.51% |
| 2026-03-31 | 25.87% |
| 2025-12-31 | 27.41% |
| 2025-09-30 | 31.57% |
| 2025-06-30 | 33.01% |
| 2025-03-31 | 33.65% |
| 2024-12-31 | 31.33% |
| 2024-09-30 | 17.99% |
| 2024-06-30 | 19.25% |
| 2024-03-31 | 19.65% |
| 2023-12-31 | 20.85% |
| 2023-09-30 | 21.87% |
| 2023-06-30 | 23.06% |
| 2023-03-31 | 23.60% |
| 2022-12-31 | 24.93% |
| 2022-09-30 | 0.81% |
| 2022-06-30 | 0.94% |
| 2022-03-31 | 1.13% |
| 2021-12-31 | 1.21% |
| 2021-09-30 | 0.00% |
| 2021-06-30 | 0.00% |
| 2021-03-31 | 0.00% |
| 2020-12-31 | 0.00% |
| 2020-09-30 | 0.00% |
| 2020-06-30 | 0.00% |
| 2020-03-31 | 0.00% |
| 2019-12-31 | 0.00% |
| 2019-09-30 | 0.00% |
| 2019-06-30 | 0.00% |
| 2019-03-31 | 0.00% |
| 2018-12-31 | 0.00% |
| 2018-09-30 | 0.00% |
| 2018-06-30 | 0.00% |
| 2018-03-31 | 0.00% |
| 2017-12-31 | 0.01% |
| 2017-09-30 | 0.00% |
| 2017-06-30 | 0.00% |
| 2017-03-31 | 0.00% |
| 2016-12-31 | 0.04% |
| 2016-09-30 | 0.04% |
| 2016-06-30 | 0.05% |
| 2016-03-31 | 0.12% |
| 2015-12-31 | 0.11% |
| 2015-09-30 | 0.18% |
| 2015-06-30 | 0.02% |
| 2015-03-31 | 0.03% |
| 2014-12-31 | 0.05% |
| 2014-09-30 | 0.05% |
| 2014-06-30 | 0.06% |
| 2014-03-31 | 0.06% |
| 2013-12-31 | 0.12% |
| 2013-09-30 | 0.09% |
| 2013-06-30 | 0.18% |
| 2013-03-31 | 0.19% |
| 2012-12-31 | 0.12% |
| 2012-09-30 | 0.00% |
| 2012-06-30 | 0.00% |
| 2012-03-31 | 0.00% |
| 2011-12-31 | 0.00% |
| 2011-09-30 | 0.00% |
| 2011-06-30 | 0.00% |
| 2011-03-31 | 0.00% |
| 2010-12-31 | 0.00% |
| 2010-09-30 | 0.00% |
| 2010-06-30 | 0.00% |
| 2010-03-31 | 0.00% |
| 2009-12-31 | 0.00% |
| 2009-09-30 | 0.00% |
| 2009-06-30 | 0.00% |
| 2009-03-31 | 0.00% |
| 2008-12-31 | 0.00% |
| 2008-09-30 | 0.00% |
| 2008-06-30 | 0.00% |
| 2008-03-31 | 0.00% |
| 2007-12-31 | 0.02% |
| 2007-09-30 | 0.03% |
| 2007-06-30 | 0.05% |
| 2007-03-31 | 0.06% |
| 2006-12-31 | 0.06% |
| 2006-09-30 | 0.07% |
| 2006-06-30 | 0.08% |
| 2006-03-31 | 0.10% |
| 2005-12-31 | 0.11% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.00% |
| 2005-03-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 0.01% |
| 2004-06-30 | 0.02% |
| 2004-03-31 | 0.03% |
| 2003-12-31 | 0.86% |
| 2003-09-30 | 3.61% |
| 2003-06-30 | 5.89% |
| 2003-03-31 | 0.56% |
| 2002-12-31 | 5.54% |
| 2002-09-30 | 0.84% |
