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 19.81% is 31% below its 5-year average of 28.55%, near the low end of its 5-year range (19.81%–34.73%).
As of the fiscal period ended Tuesday, March 31, 2026. 17.85% below its 12-month average of 24.12%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
19.81%
DEBT TO ASSETS RATIO AVG TTM
24.12%
DEBT TO ASSETS RATIO AVG 3Y
28.83%
DEBT TO ASSETS RATIO AVG 5Y
28.55%
DEBT TO ASSETS RATIO AVG 10Y
27.05%
DEBT TO ASSETS RATIO AVG 15Y
24.86%
DEBT TO ASSETS RATIO AVG 20Y
18.76%
CURRENT VS TTM AVG
-17.85%
CURRENT VS 3Y AVG
-31.28%
CURRENT VS 5Y AVG
-30.59%
CURRENT VS 10Y AVG
-26.75%
CURRENT VS 15Y AVG
-20.31%
CURRENT VS 20Y AVG
+5.64%
SECTOR MEDIAN · TECHNOLOGY
0.18%
median of 161 covered companies
CURRENT VS SECTOR MEDIAN
+10907.50%
vs the sector median at left
Coherent, Inc.
Market Cap
$64.28B
Debt to Assets Ratio
19.81%
TTM Avg
24.12%
3Y Avg
28.83%
5Y Avg
28.55%
Market Cap
$63.84B
Debt to Assets Ratio
0.47%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$68.89B
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$59.61B
Debt to Assets Ratio
0.41%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$58.74B
Debt to Assets Ratio
0.24%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$72.00B
Debt to Assets Ratio
0.27%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Coherent, Inc. (COHR) | $64.28B | 19.81% | 24.12% | 28.83% | 28.55% |
| Lumentum Holdings Inc. (LITE)vs › | $63.84B | 0.47% | N/A | N/A | N/A |
| TE Connectivity plc (TEL)vs › | $63.41B | 0.22% | N/A | N/A | N/A |
| Garmin Ltd. (GRMN)vs › | $59.72B | 0.02% | N/A | N/A | N/A |
| Monolithic Power Systems, Inc. (MPWR)vs › | $68.89B | N/A | N/A | N/A | N/A |
| NXP Semiconductors N.V. (NXPI)vs › | $59.61B | 0.41% | N/A | N/A | N/A |
| Teradyne, Inc. (TER)vs › | $59.34B | 0.02% | N/A | N/A | N/A |
| Keysight Technologies, Inc. (KEYS)vs › | $58.74B | 0.24% | N/A | N/A | N/A |
| Hewlett Packard Enterprise Company (HPE)vs › | $72.00B | 0.27% | N/A | N/A | N/A |
| Ciena Corporation (CIEN)vs › | $54.86B | 0.26% | N/A | N/A | N/A |
Debt/Assets
19.8%
Debt/Equity
0.32
Current Ratio
3.05
Interest Coverage
2.3x
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 | 19.81% |
| 2025-12-31 | 23.51% |
| 2025-09-30 | 23.85% |
| 2025-06-30 | 26.11% |
| 2025-03-31 | 27.31% |
| 2024-12-31 | 28.63% |
| 2024-09-30 | 28.62% |
| 2024-06-30 | 29.70% |
| 2024-03-31 | 29.85% |
| 2023-12-31 | 29.96% |
| 2023-09-30 | 33.04% |
| 2023-06-30 | 32.74% |
| 2023-03-31 | 32.68% |
| 2022-12-31 | 33.19% |
| 2022-09-30 | 34.73% |
| 2022-06-30 | 31.08% |
| 2022-03-31 | 31.62% |
| 2021-12-31 | 32.28% |
| 2021-09-30 | 23.46% |
| 2021-06-30 | 23.43% |
| 2021-03-31 | 23.88% |
| 2020-12-31 | 28.41% |
| 2020-09-30 | 30.23% |
| 2020-06-30 | 45.36% |
| 2020-03-31 | 46.93% |
| 2019-12-31 | 46.47% |
| 2019-09-30 | 46.66% |
| 2019-06-30 | 23.90% |
| 2019-03-31 | 26.19% |
| 2018-12-31 | 25.60% |
| 2018-09-30 | 28.56% |
| 2018-06-30 | 24.92% |
| 2018-03-31 | 27.26% |
| 2017-12-31 | 28.77% |
| 2017-09-30 | 27.02% |
| 2017-06-30 | 24.74% |
| 2017-03-31 | 22.39% |
| 2016-12-31 | 22.19% |
| 2016-09-30 | 20.20% |
| 2016-06-30 | 19.42% |
| 2016-03-31 | 21.50% |
| 2015-12-31 | 14.04% |
| 2015-09-30 | 15.71% |
| 2015-06-30 | 16.63% |
| 2015-03-31 | 18.11% |
| 2014-12-31 | 20.31% |
| 2014-09-30 | 22.29% |
| 2014-06-30 | 22.57% |
| 2014-03-31 | 24.12% |
| 2013-12-31 | 25.34% |
| 2013-09-30 | 21.12% |
| 2013-06-30 | 13.20% |
| 2013-03-31 | 14.28% |
| 2012-12-31 | 14.70% |
| 2012-09-30 | 2.51% |
| 2012-06-30 | 1.81% |
| 2012-03-31 | 1.98% |
| 2011-12-31 | 3.08% |
| 2011-09-30 | 3.89% |
| 2011-06-30 | 2.89% |
| 2011-03-31 | 0.60% |
| 2010-12-31 | 0.65% |
| 2010-09-30 | 0.67% |
| 2010-06-30 | 0.66% |
| 2010-03-31 | 0.67% |
| 2009-12-31 | 0.84% |
| 2009-09-30 | 0.89% |
| 2009-06-30 | 1.00% |
| 2009-03-31 | 1.66% |
| 2008-12-31 | 2.56% |
| 2008-09-30 | 1.03% |
| 2008-06-30 | 1.05% |
| 2008-03-31 | 1.21% |
| 2007-12-31 | 1.11% |
| 2007-09-30 | 4.84% |
| 2007-06-30 | 5.21% |
| 2007-03-31 | 5.35% |
| 2006-12-31 | 7.36% |
| 2006-09-30 | 10.81% |
| 2006-06-30 | 12.45% |
| 2006-03-31 | 13.85% |
| 2005-12-31 | 15.50% |
| 2005-09-30 | 17.16% |
| 2005-06-30 | 17.80% |
| 2005-03-31 | 17.32% |
| 2004-12-31 | 19.25% |
| 2004-09-30 | 8.31% |
| 2004-06-30 | 8.45% |
| 2004-03-31 | 10.31% |
| 2003-12-31 | 12.20% |
| 2003-09-30 | 13.88% |
| 2003-06-30 | 14.56% |
| 2003-03-31 | 16.27% |
| 2002-12-31 | 19.70% |
| 2002-09-30 | 21.72% |
| 2002-06-30 | 22.71% |
