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 11.23% is in line with its 5-year average of 11.05%, around the middle of its 5-year range (7.79%–17.72%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.15% below its 12-month average of 12.78%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
11.23%
DEBT TO ASSETS RATIO AVG TTM
12.78%
DEBT TO ASSETS RATIO AVG 3Y
10.50%
DEBT TO ASSETS RATIO AVG 5Y
11.05%
DEBT TO ASSETS RATIO AVG 10Y
13.16%
DEBT TO ASSETS RATIO AVG 15Y
11.65%
DEBT TO ASSETS RATIO AVG 20Y
10.28%
CURRENT VS TTM AVG
-12.15%
CURRENT VS 3Y AVG
+6.92%
CURRENT VS 5Y AVG
+1.61%
CURRENT VS 10Y AVG
-14.66%
CURRENT VS 15Y AVG
-3.63%
CURRENT VS 20Y AVG
+9.21%
SECTOR MEDIAN · ENERGY
0.22%
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
+5004.66%
vs the sector median at left
Chevron Corporation
Market Cap
$419.64B
Debt to Assets Ratio
11.23%
TTM Avg
12.78%
3Y Avg
10.50%
5Y Avg
11.05%
Market Cap
$663.98B
Debt to Assets Ratio
0.09%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$116.22B
Debt to Assets Ratio
0.36%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$110.23B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$106.80B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Chevron Corporation (CVX) | $419.64B | 11.23% | 12.78% | 10.50% | 11.05% |
| Shell plc (SHEL)vs › | $265.12B | 0.19% | N/A | N/A | N/A |
| TotalEnergies SE (TTE)vs › | $200.92B | 0.20% | N/A | N/A | N/A |
| Exxon Mobil Corporation (XOM)vs › | $663.98B | 0.09% | N/A | N/A | N/A |
| ConocoPhillips (COP)vs › | $164.24B | 0.19% | N/A | N/A | N/A |
| Marathon Petroleum Corporation (MPC)vs › | $116.22B | 0.36% | N/A | N/A | N/A |
| Valero Energy Corporation (VLO)vs › | $110.23B | 0.18% | N/A | N/A | N/A |
| Canadian Natural Resources Limited (CNQ)vs › | $106.80B | 0.18% | N/A | N/A | N/A |
| Phillips 66 (PSX)vs › | $104.21B | 0.25% | N/A | N/A | N/A |
| The Williams Companies, Inc. (WMB)vs › | $92.01B | 0.51% | N/A | N/A | N/A |
Debt/Assets
11.2%
Debt/Equity
0.20
Current Ratio
1.36
Interest Coverage
13.7x
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 | 11.23% |
| 2026-03-31 | 13.78% |
| 2025-12-31 | 14.43% |
| 2025-09-30 | 12.72% |
| 2025-06-30 | 11.75% |
| 2025-03-31 | 11.58% |
| 2024-12-31 | 9.55% |
| 2024-09-30 | 9.97% |
| 2024-06-30 | 8.89% |
| 2024-03-31 | 8.35% |
| 2023-12-31 | 7.96% |
| 2023-09-30 | 7.79% |
| 2023-06-30 | 8.54% |
| 2023-03-31 | 9.07% |
| 2022-12-31 | 9.06% |
| 2022-09-30 | 9.10% |
| 2022-06-30 | 10.17% |
| 2022-03-31 | 11.78% |
| 2021-12-31 | 13.10% |
| 2021-09-30 | 15.56% |
| 2021-06-30 | 17.72% |
| 2021-03-31 | 18.80% |
| 2020-12-31 | 18.48% |
| 2020-09-30 | 15.61% |
| 2020-06-30 | 15.24% |
| 2020-03-31 | 13.67% |
| 2019-12-31 | 11.36% |
| 2019-09-30 | 12.81% |
| 2019-06-30 | 11.98% |
| 2019-03-31 | 12.88% |
| 2018-12-31 | 13.57% |
| 2018-09-30 | 14.07% |
| 2018-06-30 | 14.93% |
| 2018-03-31 | 15.50% |
| 2017-12-31 | 15.27% |
| 2017-09-30 | 16.45% |
| 2017-06-30 | 16.84% |
| 2017-03-31 | 17.47% |
| 2016-12-31 | 17.74% |
| 2016-09-30 | 17.54% |
| 2016-06-30 | 17.24% |
| 2016-03-31 | 16.05% |
| 2015-12-31 | 14.57% |
| 2015-09-30 | 13.36% |
| 2015-06-30 | 11.98% |
| 2015-03-31 | 12.59% |
| 2014-12-31 | 10.46% |
| 2014-09-30 | 9.69% |
| 2014-06-30 | 8.99% |
| 2014-03-31 | 8.93% |
| 2013-12-31 | 8.05% |
| 2013-09-30 | 7.50% |
| 2013-06-30 | 8.18% |
| 2013-03-31 | 5.96% |
| 2012-12-31 | 5.23% |
| 2012-09-30 | 5.44% |
| 2012-06-30 | 4.66% |
| 2012-03-31 | 4.32% |
| 2011-12-31 | 4.85% |
| 2011-09-30 | 4.77% |
| 2011-06-30 | 5.71% |
| 2011-03-31 | 5.94% |
| 2010-12-31 | 6.21% |
| 2010-09-30 | 5.99% |
| 2010-06-30 | 6.10% |
| 2010-03-31 | 6.15% |
| 2009-12-31 | 6.39% |
| 2009-09-30 | 6.48% |
| 2009-06-30 | 7.48% |
| 2009-03-31 | 7.65% |
| 2008-12-31 | 5.52% |
| 2008-09-30 | 4.20% |
| 2008-06-30 | 4.09% |
| 2008-03-31 | 4.44% |
| 2007-12-31 | 4.86% |
| 2007-09-30 | 4.33% |
| 2007-06-30 | 5.87% |
| 2007-03-31 | 7.31% |
| 2006-12-31 | 7.42% |
| 2006-09-30 | 7.75% |
| 2006-06-30 | 7.89% |
| 2006-03-31 | 9.48% |
| 2005-12-31 | 10.23% |
| 2005-09-30 | 11.10% |
| 2005-06-30 | 11.38% |
| 2005-03-31 | 11.53% |
| 2004-12-31 | 12.09% |
| 2004-09-30 | 13.02% |
| 2004-06-30 | 13.69% |
| 2004-03-31 | 14.58% |
| 2003-12-31 | 15.46% |
| 2003-09-30 | 16.31% |
| 2003-06-03 | 16.27% |
| 2003-03-31 | 18.81% |
| 2002-12-31 | 21.03% |
| 2002-09-30 | 21.61% |
