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 43.02% is in line with its 5-year average of 46.75%, near the low end of its 5-year range (42.39%–50.05%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.10% above its 12-month average of 42.98%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
43.02%
DEBT TO ASSETS RATIO AVG TTM
42.98%
DEBT TO ASSETS RATIO AVG 3Y
45.07%
DEBT TO ASSETS RATIO AVG 5Y
46.75%
DEBT TO ASSETS RATIO AVG 10Y
47.52%
DEBT TO ASSETS RATIO AVG 15Y
44.57%
DEBT TO ASSETS RATIO AVG 20Y
42.00%
CURRENT VS TTM AVG
+0.10%
CURRENT VS 3Y AVG
-4.55%
CURRENT VS 5Y AVG
-7.98%
CURRENT VS 10Y AVG
-9.47%
CURRENT VS 15Y AVG
-3.49%
CURRENT VS 20Y AVG
+2.44%
SECTOR MEDIAN · UTILITIES
0.43%
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
+9904.51%
vs the sector median at left
Black Hills Corporation
Market Cap
$5.47B
Debt to Assets Ratio
43.02%
TTM Avg
42.98%
3Y Avg
45.07%
5Y Avg
46.75%
Market Cap
$2.83B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$8.31B
Debt to Assets Ratio
0.59%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.05B
Debt to Assets Ratio
0.42%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.11B
Debt to Assets Ratio
0.32%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Black Hills Corporation (BKH) | $5.47B | 43.02% | 42.98% | 45.07% | 46.75% |
| Oklo Inc. (OKLO)vs › | $7.56B | 0.00% | N/A | N/A | N/A |
| Avista Corporation (AVA)vs › | $3.26B | 0.38% | N/A | N/A | N/A |
| UGI Corporation (UGI)vs › | $7.77B | 0.42% | N/A | N/A | N/A |
| Fluence Energy, Inc. (FLNC)vs › | $2.86B | 0.17% | N/A | N/A | N/A |
| NuScale Power Corporation (SMR)vs › | $2.83B | 0.00% | N/A | N/A | N/A |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 0.59% | N/A | N/A | N/A |
| Northwest Natural Holding Company (NWN)vs › | $2.05B | 0.42% | N/A | N/A | N/A |
| XPLR Infrastructure, LP (XIFR)vs › | $1.11B | 0.32% | N/A | N/A | N/A |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.18B | 0.37% | N/A | N/A | N/A |
Debt/Assets
43.0%
Debt/Equity
1.18
Current Ratio
0.65
Interest Coverage
2.6x
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 | 43.02% |
| 2025-12-31 | 43.25% |
| 2025-09-30 | 42.39% |
| 2025-06-30 | 43.36% |
| 2025-03-31 | 42.85% |
| 2024-12-31 | 43.74% |
| 2024-09-30 | 43.90% |
| 2024-06-30 | 47.59% |
| 2024-03-31 | 45.50% |
| 2023-12-31 | 45.75% |
| 2023-09-30 | 49.58% |
| 2023-06-30 | 47.62% |
| 2023-03-31 | 47.35% |
| 2022-12-31 | 48.53% |
| 2022-09-30 | 49.69% |
| 2022-06-30 | 48.88% |
| 2022-03-31 | 48.95% |
| 2021-12-31 | 49.79% |
| 2021-09-30 | 50.03% |
| 2021-06-30 | 49.98% |
| 2021-03-31 | 50.05% |
| 2020-12-31 | 46.61% |
| 2020-09-30 | 46.25% |
| 2020-06-30 | 46.00% |
| 2020-03-31 | 45.26% |
| 2019-12-31 | 46.24% |
| 2019-09-30 | 46.05% |
| 2019-06-30 | 44.59% |
| 2019-03-31 | 44.34% |
| 2018-12-31 | 45.12% |
| 2018-09-30 | 49.82% |
| 2018-06-30 | 49.25% |
| 2018-03-31 | 49.48% |
| 2017-12-31 | 49.95% |
| 2017-09-30 | 51.00% |
| 2017-06-30 | 50.45% |
| 2017-03-31 | 50.46% |
| 2016-12-31 | 50.86% |
| 2016-09-30 | 51.03% |
| 2016-06-30 | 50.46% |
| 2016-03-31 | 53.36% |
| 2015-12-31 | 41.75% |
| 2015-09-30 | 39.70% |
| 2015-06-30 | 39.65% |
| 2015-03-31 | 38.09% |
| 2014-12-31 | 37.80% |
| 2014-09-30 | 38.46% |
| 2014-06-30 | 38.53% |
| 2014-03-31 | 37.75% |
| 2013-12-31 | 38.18% |
| 2013-09-30 | 35.51% |
| 2013-06-30 | 35.07% |
| 2013-03-31 | 34.89% |
| 2012-12-31 | 35.39% |
| 2012-09-30 | 38.83% |
| 2012-06-30 | 39.68% |
| 2012-03-31 | 39.55% |
| 2011-12-31 | 39.44% |
| 2011-09-30 | 41.59% |
| 2011-06-30 | 41.13% |
| 2011-03-31 | 39.60% |
| 2010-12-31 | 38.80% |
| 2010-09-30 | 37.81% |
| 2010-06-30 | 36.19% |
| 2010-03-31 | 36.95% |
| 2009-12-31 | 36.64% |
| 2009-09-30 | 34.78% |
| 2009-06-30 | 32.84% |
| 2009-03-31 | 31.91% |
| 2008-12-31 | 35.72% |
| 2008-09-30 | 35.06% |
| 2008-06-30 | 29.54% |
| 2008-03-31 | 30.78% |
| 2007-12-31 | 30.11% |
| 2007-09-30 | 29.86% |
| 2007-06-30 | 30.18% |
| 2007-03-31 | 28.05% |
| 2006-12-31 | 35.24% |
| 2006-09-30 | 37.06% |
| 2006-06-30 | 37.71% |
| 2006-03-31 | 37.47% |
| 2005-12-31 | 34.76% |
| 2005-09-30 | 31.75% |
| 2005-06-30 | 33.54% |
| 2005-03-31 | 37.06% |
| 2004-12-31 | 37.63% |
| 2004-09-30 | 39.28% |
| 2004-06-30 | 40.06% |
| 2004-03-31 | 40.77% |
| 2003-12-31 | 42.95% |
| 2003-09-30 | 38.42% |
| 2003-06-30 | 40.63% |
| 2003-03-31 | 46.02% |
| 2002-12-31 | 31.56% |
| 2002-09-30 | 50.54% |
| 2002-06-30 | 49.85% |
