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 37.63% is in line with its 5-year average of 34.35%, near the high end of its 5-year range (26.61%–38.45%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.51% above its 12-month average of 37.44%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
37.63%
DEBT TO ASSETS RATIO AVG TTM
37.44%
DEBT TO ASSETS RATIO AVG 3Y
37.29%
DEBT TO ASSETS RATIO AVG 5Y
34.35%
DEBT TO ASSETS RATIO AVG 10Y
32.43%
DEBT TO ASSETS RATIO AVG 15Y
30.44%
DEBT TO ASSETS RATIO AVG 20Y
29.52%
CURRENT VS TTM AVG
+0.51%
CURRENT VS 3Y AVG
+0.92%
CURRENT VS 5Y AVG
+9.55%
CURRENT VS 10Y AVG
+16.06%
CURRENT VS 15Y AVG
+23.63%
CURRENT VS 20Y AVG
+27.51%
SECTOR MEDIAN · INDUSTRIALS
0.28%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+13340.85%
vs the sector median at left
Canadian National Railway Company
Market Cap
$76.56B
Debt to Assets Ratio
37.63%
TTM Avg
37.44%
3Y Avg
37.29%
5Y Avg
34.35%
Market Cap
$75.42B
Debt to Assets Ratio
0.37%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$74.65B
Debt to Assets Ratio
0.37%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$81.65B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$81.99B
Debt to Assets Ratio
0.32%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$69.67B
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $76.56B | 37.63% | 37.44% | 37.29% | 34.35% |
| FedEx Corporation (FDX)vs › | $77.14B | 0.43% | N/A | N/A | N/A |
| Norfolk Southern Corporation (NSC)vs › | $75.42B | 0.37% | N/A | N/A | N/A |
| Honeywell International Inc. (HON)vs › | $74.65B | 0.37% | N/A | N/A | N/A |
| Cintas Corporation (CTAS)vs › | $81.52B | 0.26% | N/A | N/A | N/A |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.65B | 0.28% | N/A | N/A | N/A |
| Northrop Grumman Corporation (NOC)vs › | $81.99B | 0.32% | N/A | N/A | N/A |
| United Rentals, Inc. (URI)vs › | $70.45B | 0.49% | N/A | N/A | N/A |
| Bloom Energy Corporation (BE)vs › | $69.67B | 0.50% | N/A | N/A | N/A |
| TransDigm Group Incorporated (TDG)vs › | $69.43B | 1.39% | N/A | N/A | N/A |
Debt/Assets
37.6%
Debt/Equity
1.03
Current Ratio
0.87
Interest Coverage
7.2x
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 | 37.63% |
| 2026-03-31 | 37.87% |
| 2025-12-31 | 37.29% |
| 2025-09-30 | 37.86% |
| 2025-06-30 | 36.55% |
| 2025-03-31 | 36.82% |
| 2024-12-31 | 37.45% |
| 2024-09-30 | 38.43% |
| 2024-06-30 | 38.45% |
| 2024-03-31 | 37.41% |
| 2023-12-31 | 35.86% |
| 2023-09-30 | 35.88% |
| 2023-06-30 | 33.87% |
| 2023-03-31 | 33.33% |
| 2022-12-31 | 31.37% |
| 2022-09-30 | 30.76% |
| 2022-06-30 | 29.79% |
| 2022-03-31 | 28.41% |
| 2021-12-31 | 26.61% |
| 2021-09-30 | 29.28% |
| 2021-06-30 | 30.48% |
| 2021-03-31 | 29.61% |
| 2020-12-31 | 29.74% |
| 2020-09-30 | 31.24% |
| 2020-06-30 | 32.08% |
| 2020-03-31 | 33.98% |
| 2019-12-31 | 32.65% |
| 2019-09-30 | 32.14% |
| 2019-06-30 | 32.00% |
| 2019-03-31 | 32.52% |
| 2018-12-31 | 30.50% |
| 2018-09-30 | 29.58% |
| 2018-06-30 | 29.83% |
| 2018-03-31 | 30.73% |
| 2017-12-31 | 28.78% |
| 2017-09-30 | 28.07% |
| 2017-06-30 | 28.34% |
| 2017-03-31 | 29.26% |
| 2016-12-31 | 29.51% |
| 2016-09-30 | 28.85% |
| 2016-06-30 | 28.60% |
| 2016-03-31 | 28.29% |
| 2015-12-31 | 28.64% |
| 2015-09-30 | 29.27% |
| 2015-06-30 | 27.81% |
| 2015-03-31 | 28.07% |
| 2014-12-31 | 26.45% |
| 2014-09-30 | 24.76% |
| 2014-06-30 | 25.01% |
| 2014-03-31 | 26.54% |
| 2013-12-31 | 25.99% |
| 2013-09-30 | 26.97% |
| 2013-06-30 | 27.09% |
| 2013-03-31 | 27.46% |
| 2012-12-31 | 25.88% |
| 2012-09-30 | 24.54% |
| 2012-06-30 | 25.60% |
| 2012-03-31 | 26.23% |
| 2011-12-31 | 25.27% |
| 2011-09-30 | 24.10% |
| 2011-06-30 | 23.50% |
| 2011-03-31 | 23.50% |
| 2010-12-31 | 24.16% |
| 2010-09-30 | 23.92% |
| 2010-06-30 | 25.09% |
| 2010-03-31 | 24.81% |
| 2009-12-31 | 25.73% |
| 2009-09-30 | 30.13% |
| 2009-06-30 | 33.17% |
| 2009-03-31 | 35.05% |
| 2008-12-31 | 34.79% |
| 2008-09-30 | 26.89% |
| 2008-06-30 | 26.58% |
| 2008-03-31 | 26.21% |
| 2007-12-31 | 29.64% |
| 2007-09-30 | 24.60% |
| 2007-06-30 | 24.00% |
| 2007-03-31 | 24.64% |
| 2006-12-31 | 23.35% |
| 2006-09-30 | 23.44% |
| 2006-06-30 | 24.11% |
| 2006-03-31 | 23.57% |
| 2005-12-31 | 22.92% |
| 2005-09-30 | 26.33% |
| 2005-06-30 | 26.45% |
| 2005-03-31 | 26.86% |
| 2004-12-31 | 23.09% |
| 2004-09-30 | 28.18% |
| 2004-06-30 | 25.75% |
| 2004-03-31 | 26.21% |
| 2003-12-31 | 22.90% |
| 2003-10-20 | 28.81% |
| 2003-06-30 | 29.47% |
| 2003-03-31 | 30.10% |
| 2002-12-31 | 25.66% |
| 2002-09-30 | 28.83% |
