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 23.15% is 35% below its 5-year average of 35.56%, near the low end of its 5-year range (16.78%–47.85%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.79% below its 12-month average of 24.06%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
23.15%
DEBT TO ASSETS RATIO AVG TTM
24.06%
DEBT TO ASSETS RATIO AVG 3Y
30.07%
DEBT TO ASSETS RATIO AVG 5Y
35.56%
DEBT TO ASSETS RATIO AVG 10Y
31.01%
DEBT TO ASSETS RATIO AVG 15Y
28.69%
DEBT TO ASSETS RATIO AVG 20Y
31.04%
CURRENT VS TTM AVG
-3.79%
CURRENT VS 3Y AVG
-23.01%
CURRENT VS 5Y AVG
-34.90%
CURRENT VS 10Y AVG
-25.33%
CURRENT VS 15Y AVG
-19.30%
CURRENT VS 20Y AVG
-25.43%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
+8474.37%
vs the sector median at left
Delta Air Lines, Inc.
Market Cap
$57.14B
Debt to Assets Ratio
23.15%
TTM Avg
24.06%
3Y Avg
30.07%
5Y Avg
35.56%
Market Cap
$55.42B
Debt to Assets Ratio
0.27%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$53.01B
Debt to Assets Ratio
0.12%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$50.43B
Debt to Assets Ratio
0.33%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$50.20B
Debt to Assets Ratio
0.34%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$49.59B
Debt to Assets Ratio
0.25%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Delta Air Lines, Inc. (DAL) | $57.14B | 23.15% | 24.06% | 30.07% | 35.56% |
| L3Harris Technologies, Inc. (LHX)vs › | $55.42B | 0.27% | N/A | N/A | N/A |
| Fastenal Company (FAST)vs › | $54.42B | 0.09% | N/A | N/A | N/A |
| AMETEK, Inc. (AME)vs › | $53.85B | 0.15% | N/A | N/A | N/A |
| Comfort Systems USA, Inc. (FIX)vs › | $53.01B | 0.12% | N/A | N/A | N/A |
| Rockwell Automation, Inc. (ROK)vs › | $50.43B | 0.33% | N/A | N/A | N/A |
| Carrier Global Corporation (CARR)vs › | $50.20B | 0.34% | N/A | N/A | N/A |
| W.W. Grainger, Inc. (GWW)vs › | $64.13B | 0.35% | N/A | N/A | N/A |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.59B | 0.25% | N/A | N/A | N/A |
| Honeywell Aerospace Inc (HONA)vs › | $64.97B | N/A | N/A | N/A | N/A |
Debt/Assets
23.2%
Debt/Equity
1.02
Current Ratio
0.40
Interest Coverage
8.6x
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 | 23.15% |
| 2026-03-31 | 16.78% |
| 2025-12-31 | 25.97% |
| 2025-09-30 | 27.28% |
| 2025-06-30 | 27.14% |
| 2025-03-31 | 28.81% |
| 2024-12-31 | 30.21% |
| 2024-09-30 | 32.36% |
| 2024-06-30 | 32.99% |
| 2024-03-31 | 35.09% |
| 2023-12-31 | 37.04% |
| 2023-09-30 | 36.59% |
| 2023-06-30 | 37.48% |
| 2023-03-31 | 40.42% |
| 2022-12-31 | 42.35% |
| 2022-09-30 | 42.48% |
| 2022-06-30 | 43.54% |
| 2022-03-31 | 45.42% |
| 2021-12-31 | 47.85% |
| 2021-09-30 | 46.98% |
| 2021-06-30 | 46.90% |
| 2021-03-31 | 48.25% |
| 2020-12-31 | 49.37% |
| 2020-09-30 | 52.41% |
| 2020-06-30 | 42.55% |
| 2020-03-31 | 33.42% |
| 2019-12-31 | 26.74% |
| 2019-09-30 | 25.95% |
| 2019-06-30 | 26.19% |
| 2019-03-31 | 28.32% |
| 2018-12-31 | 27.42% |
| 2018-09-30 | 16.89% |
| 2018-06-30 | 17.75% |
| 2018-03-31 | 15.99% |
| 2017-12-31 | 16.58% |
| 2017-09-30 | 16.96% |
| 2017-06-30 | 17.40% |
| 2017-03-31 | 17.93% |
| 2016-12-31 | 14.30% |
| 2016-09-30 | 14.85% |
| 2016-06-30 | 15.11% |
| 2016-03-31 | 15.84% |
| 2015-12-31 | 15.68% |
| 2015-09-30 | 16.41% |
| 2015-06-30 | 17.54% |
| 2015-03-31 | 17.80% |
| 2014-12-31 | 18.10% |
| 2014-09-30 | 19.52% |
| 2014-06-30 | 19.78% |
| 2014-03-31 | 21.17% |
| 2013-12-31 | 21.71% |
| 2013-09-30 | 25.87% |
| 2013-06-30 | 26.70% |
| 2013-03-31 | 27.32% |
| 2012-12-31 | 28.53% |
| 2012-09-30 | 28.54% |
| 2012-06-30 | 29.07% |
| 2012-03-31 | 30.27% |
| 2011-12-31 | 31.70% |
| 2011-09-30 | 33.68% |
| 2011-06-30 | 33.41% |
| 2011-03-31 | 34.57% |
| 2010-12-31 | 35.32% |
| 2010-09-30 | 35.61% |
| 2010-06-30 | 36.03% |
| 2010-03-31 | 47.15% |
| 2009-12-31 | 46.88% |
| 2009-09-30 | 47.28% |
| 2009-06-30 | 46.31% |
| 2009-03-31 | 47.04% |
| 2008-12-31 | 46.95% |
| 2008-09-30 | 39.61% |
| 2008-06-30 | 33.03% |
| 2008-03-31 | 34.08% |
| 2007-12-31 | 27.76% |
| 2007-09-30 | 25.43% |
| 2007-06-30 | 24.60% |
| 2007-03-31 | 40.44% |
| 2006-12-31 | 40.83% |
| 2006-09-30 | 37.62% |
| 2006-06-30 | 38.13% |
| 2006-03-31 | 38.70% |
| 2005-12-31 | 38.64% |
| 2005-09-30 | 37.56% |
| 2005-06-30 | 65.31% |
| 2005-03-31 | 64.74% |
| 2004-12-31 | 63.75% |
| 2004-09-30 | 54.26% |
| 2004-06-30 | 51.92% |
| 2004-03-31 | 48.04% |
| 2003-12-31 | 47.95% |
| 2003-09-30 | 48.69% |
| 2003-06-30 | 48.12% |
| 2003-03-31 | 46.64% |
| 2002-12-31 | 44.36% |
| 2002-09-30 | 42.50% |
