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 38.86% is 11% below its 5-year average of 43.56%, near the low end of its 5-year range (38.31%–49.95%).
As of the fiscal period ended Tuesday, March 31, 2026. 3.86% below its 12-month average of 40.42%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
38.86%
DEBT TO ASSETS RATIO AVG TTM
40.42%
DEBT TO ASSETS RATIO AVG 3Y
42.99%
DEBT TO ASSETS RATIO AVG 5Y
43.56%
DEBT TO ASSETS RATIO AVG 10Y
41.58%
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-3.86%
CURRENT VS 3Y AVG
-9.62%
CURRENT VS 5Y AVG
-10.81%
CURRENT VS 10Y AVG
-6.55%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.18%
median of 164 covered companies
CURRENT VS SECTOR MEDIAN
+20902.78%
vs the sector median at left
Corpay, Inc.
Market Cap
$25.66B
Debt to Assets Ratio
38.86%
TTM Avg
40.42%
3Y Avg
42.99%
5Y Avg
43.56%
Market Cap
$25.15B
Debt to Assets Ratio
0.10%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$24.93B
Debt to Assets Ratio
1.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Corpay, Inc. (CPAY) | $25.66B | 38.86% | 40.42% | 42.99% | 43.56% |
| First Solar, Inc. (FSLR)vs › | $25.42B | 0.00% | N/A | N/A | N/A |
| HP Inc. (HPQ)vs › | $25.90B | 0.23% | N/A | N/A | N/A |
| Roblox Corporation (RBLX)vs › | $26.10B | 0.07% | N/A | N/A | N/A |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $25.15B | 0.10% | N/A | N/A | N/A |
| Zscaler, Inc. (ZS)vs › | $26.27B | 0.26% | N/A | N/A | N/A |
| Verisk Analytics, Inc. (VRSK)vs › | $24.93B | 1.03% | N/A | N/A | N/A |
| Splunk Inc. (SPLK)vs › | $26.44B | 0.49% | N/A | N/A | N/A |
| Okta, Inc. (OKTA)vs › | $24.66B | 0.04% | N/A | N/A | N/A |
| Tower Semiconductor Ltd. (TSEM)vs › | $24.38B | 0.04% | N/A | N/A | N/A |
Debt/Assets
38.9%
Debt/Equity
2.95
Current Ratio
0.98
Interest Coverage
4.8x
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 | 38.86% |
| 2025-12-31 | 38.31% |
| 2025-09-30 | 41.14% |
| 2025-06-30 | 39.72% |
| 2025-03-31 | 44.06% |
| 2024-12-31 | 44.53% |
| 2024-09-30 | 44.01% |
| 2024-06-30 | 45.28% |
| 2024-03-31 | 42.73% |
| 2023-12-31 | 43.44% |
| 2023-09-30 | 45.75% |
| 2023-06-30 | 44.47% |
| 2023-03-31 | 46.60% |
| 2022-12-31 | 49.95% |
| 2022-09-30 | 49.85% |
| 2022-06-30 | 46.74% |
| 2022-03-31 | 44.60% |
| 2021-12-31 | 44.59% |
| 2021-09-30 | 42.30% |
| 2021-06-30 | 38.99% |
| 2021-03-31 | 38.91% |
| 2020-12-31 | 38.44% |
| 2020-09-30 | 40.50% |
| 2020-06-30 | 41.85% |
| 2020-03-31 | 45.62% |
| 2019-12-31 | 41.12% |
| 2019-09-30 | 37.54% |
| 2019-06-30 | 38.48% |
| 2019-03-31 | 39.21% |
| 2018-12-31 | 43.02% |
| 2018-09-30 | 39.06% |
| 2018-06-30 | 41.34% |
| 2018-03-31 | 38.40% |
| 2017-12-31 | 39.92% |
| 2017-09-30 | 40.04% |
| 2017-06-30 | 37.99% |
| 2017-03-31 | 38.64% |
| 2016-12-31 | 40.08% |
| 2016-09-30 | 39.69% |
| 2016-06-30 | 34.25% |
| 2016-03-31 | 34.64% |
| 2015-12-31 | 37.20% |
| 2015-09-30 | 37.28% |
| 2015-06-30 | 39.17% |
| 2015-03-31 | 40.87% |
| 2014-12-31 | 42.16% |
| 2014-09-30 | 32.07% |
| 2014-06-30 | 34.59% |
| 2014-03-31 | 34.34% |
| 2013-12-31 | 37.80% |
| 2013-09-30 | 32.63% |
| 2013-06-30 | 34.32% |
| 2013-03-31 | 34.58% |
