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 45.13% is 21% above its 5-year average of 37.43%, near the high end of its 5-year range (26.60%–45.13%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.54% above its 12-month average of 42.36%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
45.13%
DEBT TO ASSETS RATIO AVG TTM
42.36%
DEBT TO ASSETS RATIO AVG 3Y
40.24%
DEBT TO ASSETS RATIO AVG 5Y
37.43%
DEBT TO ASSETS RATIO AVG 10Y
24.13%
DEBT TO ASSETS RATIO AVG 15Y
21.11%
DEBT TO ASSETS RATIO AVG 20Y
17.44%
CURRENT VS TTM AVG
+6.54%
CURRENT VS 3Y AVG
+12.14%
CURRENT VS 5Y AVG
+20.58%
CURRENT VS 10Y AVG
+87.01%
CURRENT VS 15Y AVG
+113.79%
CURRENT VS 20Y AVG
+158.85%
SECTOR MEDIAN · FINANCIAL SERVICES
0.11%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+40928.20%
vs the sector median at left
Franklin Resources, Inc.
Market Cap
$17.32B
Debt to Assets Ratio
45.13%
TTM Avg
42.36%
3Y Avg
40.24%
5Y Avg
37.43%
Market Cap
$17.19B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$16.76B
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$21.47B
Debt to Assets Ratio
0.04%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Franklin Resources, Inc. (BEN) | $17.32B | 45.13% | 42.36% | 40.24% | 37.43% |
| Circle Internet Group (CRCL)vs › | $17.19B | 0.00% | N/A | N/A | N/A |
| WisdomTree U.S. Quality Dividend Growth Fund (DGRW)vs › | $16.76B | N/A | N/A | N/A | N/A |
| Everest Group, Ltd. (EG)vs › | $15.78B | 0.06% | N/A | N/A | N/A |
| Assurant, Inc. (AIZ)vs › | $14.03B | 0.06% | N/A | N/A | N/A |
| Globe Life Inc. (GL)vs › | $13.91B | 0.09% | N/A | N/A | N/A |
| SoFi Technologies, Inc. (SOFI)vs › | $21.47B | 0.04% | N/A | N/A | N/A |
| Invesco Ltd. (IVZ)vs › | $13.05B | 0.37% | N/A | N/A | N/A |
| Global Payments Inc. (GPN)vs › | $21.71B | 0.41% | N/A | N/A | N/A |
| American Financial Group, Inc. (AFG)vs › | $12.04B | 0.06% | N/A | N/A | N/A |
Debt/Assets
45.1%
Debt/Equity
1.10
Current Ratio
2.71
Interest Coverage
6.4x
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 | 45.13% |
| 2025-12-31 | 43.64% |
| 2025-09-30 | 41.09% |
| 2025-06-30 | 40.69% |
| 2025-03-31 | 41.24% |
| 2024-12-31 | 39.45% |
| 2024-09-30 | 40.31% |
| 2024-06-30 | 41.04% |
| 2024-03-31 | 39.98% |
| 2023-12-31 | 39.35% |
| 2023-09-30 | 39.02% |
| 2023-06-30 | 39.17% |
| 2023-03-31 | 37.96% |
| 2022-12-31 | 34.34% |
| 2022-09-30 | 33.37% |
| 2022-06-30 | 34.19% |
| 2022-03-31 | 34.65% |
| 2021-12-31 | 32.26% |
| 2021-09-30 | 31.40% |
| 2021-06-30 | 31.14% |
| 2021-03-31 | 26.60% |
| 2020-12-31 | 27.04% |
| 2020-09-30 | 29.69% |
| 2020-06-30 | 10.78% |
| 2020-03-31 | 11.05% |
| 2019-12-31 | 7.43% |
| 2019-09-30 | 5.15% |
| 2019-06-30 | 5.04% |
| 2019-03-31 | 5.13% |
| 2018-12-31 | 5.24% |
| 2018-09-30 | 5.06% |
| 2018-06-30 | 4.70% |
| 2018-03-31 | 6.10% |
| 2017-12-31 | 6.06% |
| 2017-09-30 | 6.26% |
| 2017-06-30 | 8.17% |
| 2017-03-31 | 9.76% |
| 2016-12-31 | 10.70% |
| 2016-09-30 | 12.94% |
| 2016-06-30 | 13.53% |
| 2016-03-31 | 13.63% |
| 2015-12-31 | 13.12% |
| 2015-09-30 | 13.19% |
| 2015-06-30 | 13.22% |
| 2015-03-31 | 15.03% |
| 2014-12-31 | 12.88% |
| 2014-09-30 | 13.14% |
| 2014-06-30 | 13.12% |
| 2014-03-31 | 13.82% |
| 2013-12-31 | 14.19% |
| 2013-09-30 | 14.91% |
| 2013-06-30 | 15.60% |
| 2013-03-31 | 16.36% |
| 2012-12-31 | 17.16% |
| 2012-09-30 | 18.83% |
| 2012-06-30 | 14.28% |
| 2012-03-31 | 14.59% |
| 2011-12-31 | 15.36% |
| 2011-09-30 | 16.59% |
| 2011-06-30 | 16.04% |
| 2011-03-31 | 16.83% |
| 2010-12-31 | 17.80% |
| 2010-09-30 | 9.15% |
| 2010-06-30 | 8.63% |
| 2010-03-31 | 3.00% |
| 2009-12-31 | 2.78% |
| 2009-09-30 | 0.68% |
| 2009-06-30 | 0.93% |
| 2009-03-31 | 1.36% |
| 2008-12-31 | 1.57% |
| 2008-09-30 | 1.44% |
| 2008-06-30 | 3.09% |
| 2008-03-31 | 8.65% |
| 2007-12-31 | 5.91% |
| 2007-09-30 | 5.86% |
| 2007-06-30 | 6.26% |
| 2007-03-31 | 8.78% |
| 2006-12-31 | 9.31% |
| 2006-09-30 | 9.06% |
| 2006-06-30 | 9.00% |
| 2006-03-31 | 11.29% |
| 2005-12-31 | 12.08% |
| 2005-09-30 | 16.28% |
| 2005-06-30 | 16.24% |
| 2005-03-31 | 16.01% |
| 2004-12-31 | 16.40% |
| 2004-09-30 | 16.60% |
| 2004-06-30 | 16.65% |
| 2004-03-31 | 16.85% |
| 2003-12-31 | 17.54% |
| 2003-09-30 | 15.91% |
| 2003-06-30 | 15.53% |
| 2003-03-31 | 9.69% |
| 2002-12-31 | 9.52% |
| 2002-09-30 | 9.39% |
| 2002-06-30 | 9.06% |
