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 3.06% is 42% above its 5-year average of 2.15%, near the high end of its 5-year range (1.19%–3.31%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.59% below its 12-month average of 3.17%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 3.06%.
DEBT TO ASSETS RATIO
3.06%
DEBT TO ASSETS RATIO AVG TTM
3.17%
DEBT TO ASSETS RATIO AVG 3Y
3.08%
DEBT TO ASSETS RATIO AVG 5Y
2.15%
DEBT TO ASSETS RATIO AVG 10Y
3.09%
DEBT TO ASSETS RATIO AVG 15Y
4.41%
DEBT TO ASSETS RATIO AVG 20Y
3.71%
CURRENT VS TTM AVG
-3.59%
CURRENT VS 3Y AVG
-0.84%
CURRENT VS 5Y AVG
+42.08%
CURRENT VS 10Y AVG
-0.92%
CURRENT VS 15Y AVG
-30.60%
CURRENT VS 20Y AVG
-17.60%
SECTOR MEDIAN · INDUSTRIALS
0.26%
median of 290 covered companies
CURRENT VS SECTOR MEDIAN
+1076.08%
vs the sector median at left
Ballard Power Systems Inc.
Market Cap
$621.04M
Debt to Assets Ratio
3.06%
TTM Avg
3.17%
3Y Avg
3.08%
5Y Avg
2.15%
Market Cap
$582.47M
Debt to Assets Ratio
0.67%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$696.97M
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$495.37M
Debt to Assets Ratio
0.49%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$493.80M
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$748.63M
Debt to Assets Ratio
0.46%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$487.84M
Debt to Assets Ratio
0.51%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ballard Power Systems Inc. (BLDP) | $621.04M | 3.06% | 3.17% | 3.08% | 2.15% |
| Elmet Group Co. (ELMT)vs › | $638.27M | 0.08% | N/A | N/A | N/A |
| Enovix Corporation (ENVX)vs › | $582.47M | 0.67% | N/A | N/A | N/A |
| Cass Information Systems, Inc. (CASS)vs › | $696.97M | 0.03% | N/A | N/A | N/A |
| Euroseas Ltd. (ESEA)vs › | $515.40M | 0.27% | N/A | N/A | N/A |
| Concrete Pumping Holdings, Inc. (BBCP)vs › | $495.37M | 0.49% | N/A | N/A | N/A |
| Accelevation Holdings Corp. (ACCV)vs › | $493.80M | N/A | N/A | N/A | N/A |
| Bowman Consulting Group Ltd. (BWMN)vs › | $748.63M | 0.46% | N/A | N/A | N/A |
| Columbus McKinnon Corporation (CMCO)vs › | $487.84M | 0.51% | N/A | N/A | N/A |
| ADS-TEC Energy PLC (ADSE)vs › | $755.81M | 0.23% | N/A | N/A | N/A |
Debt/Assets
3.1%
Debt/Equity
0.04
Current Ratio
11.19
Interest Coverage
-42.0x
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 | 3.06% |
| 2026-03-31 | 3.16% |
| 2025-12-31 | 3.24% |
| 2025-09-30 | 3.18% |
| 2025-06-30 | 3.22% |
| 2025-03-31 | 3.07% |
| 2024-12-31 | 3.07% |
| 2024-09-30 | 3.31% |
| 2024-06-30 | 2.75% |
| 2024-03-31 | 2.77% |
| 2023-12-31 | 1.66% |
| 2023-09-30 | 1.63% |
| 2023-06-30 | 1.19% |
| 2023-03-31 | 1.23% |
| 2022-12-31 | 1.26% |
| 2022-09-30 | 1.22% |
| 2022-06-30 | 1.30% |
| 2022-03-31 | 1.23% |
| 2021-12-31 | 1.19% |
| 2021-09-30 | 1.20% |
| 2021-06-30 | 1.24% |
| 2021-03-31 | 1.19% |
| 2020-12-31 | 1.83% |
| 2020-09-30 | 3.10% |
| 2020-06-30 | 4.77% |
| 2020-03-31 | 4.76% |
| 2019-12-31 | 5.80% |
| 2019-09-30 | 5.78% |
| 2019-06-30 | 5.98% |
| 2019-03-31 | 5.77% |
| 2018-12-31 | 1.65% |
| 2018-09-30 | 3.79% |
| 2018-06-30 | 3.77% |
| 2018-03-31 | 3.94% |
| 2017-12-31 | 3.87% |
| 2017-09-30 | 4.01% |
| 2017-06-30 | 3.82% |
| 2017-03-31 | 3.80% |
| 2016-12-31 | 4.10% |
| 2016-09-30 | 4.32% |
| 2016-06-30 | 5.28% |
| 2016-03-31 | 5.55% |
| 2015-12-31 | 5.11% |
| 2015-09-30 | 6.23% |
| 2015-06-30 | 7.26% |
| 2015-03-31 | 7.11% |
| 2014-12-31 | 8.41% |
| 2014-09-30 | 7.71% |
| 2014-06-30 | 8.05% |
| 2014-03-31 | 9.06% |
| 2013-12-31 | 10.60% |
| 2013-09-30 | 16.52% |
| 2013-06-30 | 15.51% |
| 2013-03-31 | 16.74% |
| 2012-12-31 | 20.65% |
| 2012-09-30 | 18.09% |
| 2012-06-30 | 17.71% |
| 2012-03-31 | 16.41% |
| 2011-12-31 | 12.65% |
| 2011-09-30 | 12.77% |
| 2011-06-30 | 10.89% |
| 2011-03-31 | 7.71% |
| 2010-12-31 | 7.40% |
| 2010-09-30 | 7.02% |
| 2010-06-30 | 6.79% |
| 2010-03-31 | 6.71% |
| 2009-12-31 | 1.05% |
| 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 | 0.00% |
| 2007-09-30 | 0.00% |
| 2007-06-30 | 0.00% |
| 2007-03-31 | 0.00% |
| 2006-12-31 | 0.00% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.00% |
| 2005-03-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 0.00% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
| 2003-12-31 | 0.00% |
| 2003-09-30 | 0.00% |
| 2003-06-30 | 0.00% |
| 2003-03-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2002-09-30 | 0.00% |
