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 37.68% is in line with its 5-year average of 37.97%, around the middle of its 5-year range (34.21%–43.31%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.53% below its 12-month average of 40.31%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
37.68%
DEBT TO ASSETS RATIO AVG TTM
40.31%
DEBT TO ASSETS RATIO AVG 3Y
39.69%
DEBT TO ASSETS RATIO AVG 5Y
37.97%
DEBT TO ASSETS RATIO AVG 10Y
36.98%
DEBT TO ASSETS RATIO AVG 15Y
38.05%
DEBT TO ASSETS RATIO AVG 20Y
37.83%
CURRENT VS TTM AVG
-6.53%
CURRENT VS 3Y AVG
-5.07%
CURRENT VS 5Y AVG
-0.76%
CURRENT VS 10Y AVG
+1.91%
CURRENT VS 15Y AVG
-0.97%
CURRENT VS 20Y AVG
-0.38%
SECTOR MEDIAN · HEALTHCARE
0.28%
median of 73 covered companies
CURRENT VS SECTOR MEDIAN
+13357.95%
vs the sector median at left
Quest Diagnostics Incorporated
Market Cap
$26.11B
Debt to Assets Ratio
37.68%
TTM Avg
40.31%
3Y Avg
39.69%
5Y Avg
37.97%
Market Cap
$24.97B
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$28.93B
Debt to Assets Ratio
0.58%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$28.93B
Debt to Assets Ratio
0.23%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Quest Diagnostics Incorporated (DGX) | $26.11B | 37.68% | 40.31% | 39.69% | 37.97% |
| Labcorp Holdings Inc. (LH)vs › | $26.21B | 0.37% | N/A | N/A | N/A |
| West Pharmaceutical Services, Inc. (WST)vs › | $24.97B | 0.08% | N/A | N/A | N/A |
| Incyte Corporation (INCY)vs › | $24.72B | 0.00% | N/A | N/A | N/A |
| Moderna, Inc. (MRNA)vs › | $23.51B | 0.12% | N/A | N/A | N/A |
| Medline Inc. (MDLN)vs › | $28.72B | 0.32% | N/A | N/A | N/A |
| BioNTech SE (BNTX)vs › | $23.34B | 0.01% | N/A | N/A | N/A |
| Mettler-Toledo International Inc. (MTD)vs › | $28.93B | 0.58% | N/A | N/A | N/A |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $28.93B | 0.23% | N/A | N/A | N/A |
| STERIS plc (STE)vs › | $23.14B | 0.02% | N/A | N/A | N/A |
Debt/Assets
37.7%
Debt/Equity
0.85
Current Ratio
1.59
Interest Coverage
5.8x
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 |
|---|---|
| 2026-06-30 | 37.68% |
| 2026-03-31 | 41.86% |
| 2025-12-31 | 42.64% |
| 2025-09-30 | 39.40% |
| 2025-06-30 | 39.98% |
| 2025-03-31 | 41.59% |
| 2024-12-31 | 42.87% |
| 2024-09-30 | 43.31% |
| 2024-06-30 | 36.65% |
| 2024-03-31 | 38.35% |
| 2023-12-31 | 38.29% |
| 2023-09-30 | 36.43% |
| 2023-06-30 | 36.94% |
| 2023-03-31 | 36.13% |
| 2022-12-31 | 36.01% |
| 2022-09-30 | 35.09% |
| 2022-06-30 | 34.83% |
| 2022-03-31 | 34.69% |
| 2021-12-31 | 34.21% |
| 2021-09-30 | 34.26% |
| 2021-06-30 | 36.13% |
| 2021-03-31 | 33.46% |
| 2020-12-31 | 33.19% |
| 2020-09-30 | 36.41% |
| 2020-06-30 | 39.55% |
| 2020-03-31 | 38.09% |
| 2019-12-31 | 41.49% |
| 2019-09-30 | 37.82% |
| 2019-06-30 | 38.56% |
| 2019-03-31 | 40.02% |
| 2018-12-31 | 35.38% |
| 2018-09-30 | 33.66% |
| 2018-06-30 | 34.55% |
| 2018-03-31 | 36.08% |
| 2017-12-31 | 36.03% |
| 2017-09-30 | 36.06% |
| 2017-06-30 | 36.74% |
| 2017-03-31 | 36.91% |
| 2016-12-31 | 36.97% |
| 2016-09-30 | 37.57% |
| 2016-06-30 | 38.01% |
| 2016-03-31 | 38.61% |
| 2015-12-31 | 36.65% |
| 2015-09-30 | 37.04% |
| 2015-06-30 | 38.44% |
| 2015-03-31 | 44.58% |
| 2014-12-31 | 37.89% |
| 2014-09-30 | 39.42% |
| 2014-06-30 | 40.57% |
| 2014-03-31 | 41.33% |
| 2013-12-31 | 37.24% |
| 2013-09-30 | 37.71% |
| 2013-06-30 | 38.69% |
| 2013-03-31 | 36.55% |
| 2012-12-31 | 36.23% |
| 2012-09-30 | 37.88% |
| 2012-06-30 | 40.70% |
| 2012-03-31 | 41.47% |
| 2011-12-31 | 43.22% |
| 2011-09-30 | 45.07% |
| 2011-06-30 | 45.89% |
| 2011-03-31 | 45.99% |
| 2010-12-31 | 35.06% |
| 2010-09-30 | 37.44% |
| 2010-06-30 | 37.08% |
| 2010-03-31 | 36.58% |
| 2009-12-31 | 36.28% |
| 2009-09-30 | 35.64% |
| 2009-06-30 | 37.54% |
| 2009-03-31 | 36.93% |
| 2008-12-31 | 36.69% |
| 2008-09-30 | 36.51% |
| 2008-06-30 | 38.05% |
| 2008-03-31 | 39.64% |
| 2007-12-31 | 41.34% |
| 2007-09-30 | 43.86% |
| 2007-06-30 | 46.06% |
| 2007-03-31 | 32.41% |
| 2006-12-31 | 27.48% |
| 2006-09-30 | 27.27% |
| 2006-06-30 | 28.13% |
| 2006-03-31 | 28.20% |
| 2005-12-31 | 30.01% |
| 2005-09-30 | 18.84% |
| 2005-06-30 | 18.95% |
| 2005-03-31 | 19.67% |
| 2004-12-31 | 26.14% |
| 2004-09-30 | 25.07% |
| 2004-06-30 | 25.35% |
| 2004-03-31 | 25.17% |
| 2003-12-31 | 25.63% |
| 2003-09-30 | 26.32% |
| 2003-06-30 | 26.85% |
| 2003-03-31 | 29.26% |
| 2002-12-31 | 24.74% |
| 2002-09-30 | 30.24% |
