Cummins Inc. (CMI) Debt to Assets Ratio: 0.24%
The debt to assets ratio for Cummins Inc. (CMI) is 0.24% as of Tuesday, June 9, 2026.
CMI Debt to Assets Ratio Metrics
DEBT TO ASSETS RATIO
0.24%
CMI Competitors' Debt to Assets Ratio
| NAME | MARKET CAP | DEBT TO ASSETS RATIO |
|---|---|---|
| Cummins Inc. (CMI) | — | 0.24% |
| Automatic Data Processing, Inc. (ADP) | $92.41B | 0.17% |
| United Parcel Service, Inc. (UPS) | $91.69B | 0.44% |
| 3M Company (MMM) | $81.55B | 0.34% |
| Emerson Electric Co. (EMR) | $79.77B | 0.33% |
| Illinois Tool Works Inc. (ITW) | $73.81B | 0.56% |
| Parker-Hannifin Corporation (PH) | $114.18B | 0.33% |
| PACCAR Inc (PCAR) | $62.99B | 0.00% |
| Rocket Lab USA, Inc. (RKLB) | $62.65B | 0.11% |
| Lockheed Martin Corporation (LMT) | $122.23B | 0.36% |
Leverage Ratios Comparison
Debt/Assets
0.2%
Debt/Equity
0.66
Current Ratio
1.76
Interest Coverage
11.8x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
- Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
- Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
- Both measure leverage but from different perspectives
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Cummins Inc. Debt to Assets Ratio Formula & Definition
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
Cummins Inc. Debt to Assets Ratio FAQ
- What is the debt to assets ratio for Cummins Inc. (CMI)?
- The debt to assets ratio for CMI stock is 0.24%.
About Cummins Inc.
Cummins Inc. is a global innovator in power solutions, responsible for the design, manufacturing, distribution, and maintenance of a broad array of diesel and natural gas engines, alongside cutting-edge electric and hybrid powertrains, and associated components. Its operations are strategically divided into five segments: Engine, Distribution, Components, Power Systems, and New Power. The company's extensive engine portfolio, available under the Cummins brand and others, powers a vast range of heavy and medium-duty applications, including commercial trucks, buses, recreational vehicles, light-duty automobiles, construction and mining equipment, marine vessels, railway systems, oil and gas operations, defense, and agriculture. Complementing these engines, Cummins provides both new and remanufactured parts and comprehensive servicing. Beyond its core engine offerings, Cummins delivers sophisticated power generation systems, high-horsepower engines, and specialized application engineering. It also offers custom-designed assemblies, retail and wholesale aftermarket components, and expert repair services conducted both in-shop and on-site. The company's technological scope extends to emission control solutions, turbochargers, a variety of filtration systems (for air, fuel, lubricants, and hydraulics), coolants, fuel additives, and advanced electronic control modules, sensors, and supporting software. Fuel systems, both new and reconditioned, are also a key part of their product line, as are automated transmissions. For electrical power generation, Cummins provides standby and primary power generators, complete with controls, paralleling systems, and transfer switches, featuring products like Stamford and AVK A/C alternators. Embracing future energy demands, the company is a frontrunner in electrified power systems, encompassing battery technologies, fuel cells, and hydrogen production. This includes a robust offering of filtration, aftertreatment, control, air handling systems, automated transmissions, electric power generation, and battery solutions. Cummins distributes its diverse product range to original equipment manufacturers, an extensive network of distributors and dealers, and various other clientele worldwide. Founded in 1919 as the Cummins Engine Company, the enterprise adopted its current name, Cummins Inc., in 2001 and maintains its headquarters in Columbus, Indiana.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- Jennifer W. Rumsey