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 23.81% is 18% below its 5-year average of 29.08%, near the low end of its 5-year range (22.88%–35.67%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.85% below its 12-month average of 24.50%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
23.81%
DEBT TO ASSETS RATIO AVG TTM
24.50%
DEBT TO ASSETS RATIO AVG 3Y
27.21%
DEBT TO ASSETS RATIO AVG 5Y
29.08%
DEBT TO ASSETS RATIO AVG 10Y
32.36%
DEBT TO ASSETS RATIO AVG 15Y
30.90%
DEBT TO ASSETS RATIO AVG 20Y
29.26%
CURRENT VS TTM AVG
-2.85%
CURRENT VS 3Y AVG
-12.51%
CURRENT VS 5Y AVG
-18.13%
CURRENT VS 10Y AVG
-26.44%
CURRENT VS 15Y AVG
-22.95%
CURRENT VS 20Y AVG
-18.65%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+8883.24%
vs the sector median at left
Dover Corporation
Market Cap
$26.23B
Debt to Assets Ratio
23.81%
TTM Avg
24.50%
3Y Avg
27.21%
5Y Avg
29.08%
Market Cap
$25.81B
Debt to Assets Ratio
0.14%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$26.67B
Debt to Assets Ratio
0.79%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$24.55B
Debt to Assets Ratio
0.45%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$24.32B
Debt to Assets Ratio
0.11%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Dover Corporation (DOV) | $26.23B | 23.81% | 24.50% | 27.21% | 29.08% |
| nVent Electric plc (NVT)vs › | $26.29B | 0.23% | N/A | N/A | N/A |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $25.81B | 0.14% | N/A | N/A | N/A |
| Otis Worldwide Corporation (OTIS)vs › | $26.67B | 0.79% | N/A | N/A | N/A |
| Xylem Inc. (XYL)vs › | $25.41B | 0.18% | N/A | N/A | N/A |
| Symbotic Inc. (SYM)vs › | $27.79B | 0.00% | N/A | N/A | N/A |
| Hubbell Incorporated (HUBB)vs › | $24.55B | 0.45% | N/A | N/A | N/A |
| Expeditors International of Washington, Inc. (EXPD)vs › | $24.32B | 0.11% | N/A | N/A | N/A |
| ATI Inc. (ATI)vs › | $28.29B | 0.38% | N/A | N/A | N/A |
| Sunbelt Rentals Holdings Inc (SUNB)vs › | $28.42B | 0.46% | N/A | N/A | N/A |
Debt/Assets
23.8%
Debt/Equity
0.42
Current Ratio
1.98
Interest Coverage
12.5x
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 | 23.81% |
| 2026-03-31 | 24.36% |
| 2025-12-31 | 28.15% |
| 2025-09-30 | 22.88% |
| 2025-06-30 | 23.32% |
| 2025-03-31 | 23.50% |
| 2024-12-31 | 25.21% |
| 2024-09-30 | 28.43% |
| 2024-06-30 | 28.09% |
| 2024-03-31 | 32.89% |
| 2023-12-31 | 32.42% |
| 2023-09-30 | 29.26% |
| 2023-06-30 | 31.40% |
| 2023-03-31 | 32.17% |
| 2022-12-31 | 35.67% |
| 2022-09-30 | 34.09% |
| 2022-06-30 | 30.81% |
| 2022-03-31 | 29.48% |
| 2021-12-31 | 31.74% |
| 2021-09-30 | 30.90% |
| 2021-06-30 | 32.02% |
| 2021-03-31 | 33.04% |
| 2020-12-31 | 35.97% |
| 2020-09-30 | 34.92% |
| 2020-06-30 | 38.47% |
| 2020-03-31 | 38.72% |
| 2019-12-31 | 37.30% |
| 2019-09-30 | 35.66% |
| 2019-06-30 | 37.65% |
| 2019-03-31 | 37.97% |
| 2018-12-31 | 37.82% |
| 2018-09-30 | 38.77% |
| 2018-06-30 | 38.47% |
| 2018-03-31 | 32.80% |
| 2017-12-31 | 33.48% |
| 2017-09-30 | 33.06% |
| 2017-06-30 | 34.32% |
| 2017-03-31 | 35.52% |
| 2016-12-31 | 35.80% |
| 2016-09-30 | 33.64% |
| 2016-06-30 | 32.87% |
| 2016-03-31 | 33.59% |
| 2015-12-31 | 31.96% |
| 2015-09-30 | 31.68% |
| 2015-06-30 | 30.79% |
| 2015-03-31 | 32.88% |
| 2014-12-31 | 33.34% |
| 2014-09-30 | 30.40% |
| 2014-06-30 | 30.10% |
| 2014-03-31 | 30.92% |
| 2013-12-31 | 26.06% |
| 2013-09-30 | 26.84% |
| 2013-06-30 | 27.59% |
| 2013-03-31 | 28.26% |
| 2012-12-31 | 26.81% |
| 2012-09-30 | 22.15% |
| 2012-06-30 | 22.39% |
| 2012-03-31 | 22.63% |
| 2011-12-31 | 23.02% |
| 2011-09-30 | 22.99% |
| 2011-06-30 | 23.56% |
| 2011-03-31 | 23.78% |
| 2010-12-31 | 21.11% |
| 2010-09-30 | 22.03% |
| 2010-06-30 | 23.19% |
| 2010-03-31 | 24.77% |
| 2009-12-31 | 23.61% |
| 2009-09-30 | 23.94% |
| 2009-06-30 | 25.80% |
| 2009-03-31 | 26.43% |
| 2008-12-31 | 26.51% |
| 2008-09-30 | 27.29% |
| 2008-06-30 | 27.93% |
| 2008-03-31 | 26.63% |
| 2007-12-31 | 25.91% |
| 2007-09-30 | 24.73% |
| 2007-06-30 | 22.50% |
| 2007-03-31 | 24.84% |
| 2006-12-31 | 23.22% |
| 2006-09-30 | 21.06% |
| 2006-06-30 | 20.14% |
| 2006-03-31 | 21.06% |
| 2005-12-31 | 23.40% |
| 2005-09-30 | 27.68% |
| 2005-06-30 | 19.09% |
| 2005-03-31 | 21.15% |
| 2004-12-31 | 18.86% |
| 2004-09-30 | 18.53% |
| 2004-06-30 | 19.04% |
| 2004-03-31 | 19.59% |
| 2003-12-31 | 20.80% |
| 2003-09-30 | 21.91% |
| 2003-06-30 | 22.30% |
| 2003-03-31 | 23.55% |
| 2002-12-31 | 23.75% |
| 2002-09-30 | 24.62% |
