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 33.16% is in line with its 5-year average of 36.05%, near the low end of its 5-year range (30.88%–44.56%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.91% above its 12-month average of 32.87%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
33.16%
DEBT TO ASSETS RATIO AVG TTM
32.87%
DEBT TO ASSETS RATIO AVG 3Y
33.36%
DEBT TO ASSETS RATIO AVG 5Y
36.05%
DEBT TO ASSETS RATIO AVG 10Y
N/A
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+0.91%
CURRENT VS 3Y AVG
-0.58%
CURRENT VS 5Y AVG
-8.01%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
0.28%
median of 128 covered companies
CURRENT VS SECTOR MEDIAN
+11744.24%
vs the sector median at left
Carrier Global Corporation
Market Cap
$52.77B
Debt to Assets Ratio
33.16%
TTM Avg
32.87%
3Y Avg
33.36%
5Y Avg
36.05%
Market Cap
$53.38B
Debt to Assets Ratio
0.04%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$53.41B
Debt to Assets Ratio
0.82%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$49.29B
Debt to Assets Ratio
0.30%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$49.08B
Debt to Assets Ratio
0.33%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$47.95B
Debt to Assets Ratio
0.05%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carrier Global Corporation (CARR) | $52.77B | 33.16% | 32.87% | 33.36% | 36.05% |
| L3Harris Technologies, Inc. (LHX)vs › | $53.38B | 0.04% | N/A | N/A | N/A |
| Honeywell Aerospace Inc (HONA)vs › | $53.41B | 0.82% | N/A | N/A | N/A |
| HEICO Corporation (HEI-A)vs › | $51.29B | 0.27% | N/A | N/A | N/A |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.29B | 0.30% | N/A | N/A | N/A |
| Rockwell Automation, Inc. (ROK)vs › | $49.08B | 0.33% | N/A | N/A | N/A |
| Ferrovial SE (FER)vs › | $48.24B | 0.39% | N/A | N/A | N/A |
| Rocket Lab USA, Inc. (RKLB)vs › | $47.95B | 0.05% | N/A | N/A | N/A |
| AMETEK, Inc. (AME)vs › | $58.14B | 0.14% | N/A | N/A | N/A |
| Fastenal Company (FAST)vs › | $59.49B | 0.08% | N/A | N/A | N/A |
Debt/Assets
33.2%
Debt/Equity
0.94
Current Ratio
1.02
Interest Coverage
5.5x
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 | 33.16% |
| 2026-03-31 | 33.81% |
| 2025-12-31 | 34.07% |
| 2025-09-30 | 32.41% |
| 2025-06-30 | 30.88% |
| 2025-03-31 | 31.88% |
| 2024-12-31 | 34.34% |
| 2024-09-30 | 32.03% |
| 2024-06-30 | 34.20% |
| 2024-03-31 | 42.64% |
| 2023-12-31 | 44.56% |
| 2023-09-30 | 34.85% |
| 2023-06-30 | 35.28% |
| 2023-03-31 | 35.42% |
| 2022-12-31 | 35.92% |
| 2022-09-30 | 37.09% |
| 2022-06-30 | 38.28% |
| 2022-03-31 | 37.42% |
| 2021-12-31 | 39.06% |
| 2021-09-30 | 39.56% |
| 2021-06-30 | 40.25% |
| 2021-03-31 | 41.62% |
| 2020-12-31 | 43.96% |
| 2020-09-30 | 49.17% |
| 2020-06-30 | 52.60% |
| 2020-03-31 | 54.34% |
| 2019-12-31 | 3.04% |
