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 16.57% is 42% below its 5-year average of 28.80%, near the low end of its 5-year range (16.57%–33.69%).
As of the fiscal period ended Tuesday, June 30, 2026. 34.67% below its 12-month average of 25.36%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
16.57%
DEBT TO ASSETS RATIO AVG TTM
25.36%
DEBT TO ASSETS RATIO AVG 3Y
27.75%
DEBT TO ASSETS RATIO AVG 5Y
28.80%
DEBT TO ASSETS RATIO AVG 10Y
31.83%
DEBT TO ASSETS RATIO AVG 15Y
30.22%
DEBT TO ASSETS RATIO AVG 20Y
27.68%
CURRENT VS TTM AVG
-34.67%
CURRENT VS 3Y AVG
-40.30%
CURRENT VS 5Y AVG
-42.47%
CURRENT VS 10Y AVG
-47.96%
CURRENT VS 15Y AVG
-45.19%
CURRENT VS 20Y AVG
-40.14%
SECTOR MEDIAN · ENERGY
0.20%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+8182.91%
vs the sector median at left
Devon Energy Corporation
Market Cap
$30.79B
Debt to Assets Ratio
16.57%
TTM Avg
25.36%
3Y Avg
27.75%
5Y Avg
28.80%
Market Cap
$23.98B
Debt to Assets Ratio
0.01%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$21.85B
Debt to Assets Ratio
0.13%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Devon Energy Corporation (DVN) | $30.79B | 16.57% | 25.36% | 27.75% | 28.80% |
| Venture Global, Inc. (VG)vs › | $33.20B | 0.02% | N/A | N/A | N/A |
| Tenaris S.A. (TS)vs › | $28.33B | 0.02% | N/A | N/A | N/A |
| EQT Corporation (EQT)vs › | $33.62B | 0.14% | N/A | N/A | N/A |
| Halliburton Company (HAL)vs › | $27.51B | 0.32% | N/A | N/A | N/A |
| Texas Pacific Land Corporation (TPL)vs › | $23.98B | 0.01% | N/A | N/A | N/A |
| Expand Energy Corporation (EXE)vs › | $21.85B | 0.13% | N/A | N/A | N/A |
| Cameco Corporation (CCJ)vs › | $42.72B | 0.10% | N/A | N/A | N/A |
| APA Corporation (APA)vs › | $13.97B | 0.22% | N/A | N/A | N/A |
| Antero Midstream Corporation (AM)vs › | $10.50B | 0.57% | N/A | N/A | N/A |
Debt/Assets
16.6%
Debt/Equity
0.28
Current Ratio
0.72
Interest Coverage
7.5x
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 | 16.57% |
| 2026-03-31 | 26.40% |
| 2025-12-31 | 27.80% |
| 2025-09-30 | 27.38% |
| 2025-06-30 | 28.64% |
| 2025-03-31 | 28.96% |
| 2024-12-31 | 30.18% |
| 2024-09-30 | 30.44% |
| 2024-06-30 | 25.65% |
| 2024-03-31 | 25.81% |
| 2023-12-31 | 26.34% |
| 2023-09-30 | 26.62% |
| 2023-06-30 | 28.74% |
| 2023-03-31 | 28.51% |
| 2022-12-31 | 28.23% |
| 2022-09-30 | 28.48% |
| 2022-06-30 | 28.97% |
| 2022-03-31 | 30.87% |
| 2021-12-31 | 32.15% |
| 2021-09-30 | 32.05% |
| 2021-06-30 | 33.69% |
| 2021-03-31 | 36.80% |
| 2020-12-31 | 45.84% |
| 2020-09-30 | 43.99% |
| 2020-06-30 | 43.84% |
| 2020-03-31 | 40.74% |
| 2019-12-31 | 33.08% |
| 2019-09-30 | 31.53% |
| 2019-06-30 | 27.37% |
| 2019-03-31 | 34.03% |
| 2018-12-31 | 22.76% |
| 2018-09-30 | 29.98% |
| 2018-06-30 | 20.81% |
| 2018-03-31 | 34.05% |
| 2017-12-31 | 22.70% |
| 2017-09-30 | 37.75% |
| 2017-06-30 | 39.37% |
| 2017-03-31 | 39.72% |
| 2016-12-31 | 39.18% |
| 2016-09-30 | 42.35% |
| 2016-06-30 | 46.64% |
| 2016-03-31 | 43.81% |
| 2015-12-31 | 44.13% |
| 2015-09-30 | 34.64% |
| 2015-06-30 | 29.66% |
| 2015-03-31 | 25.91% |
| 2014-12-31 | 22.24% |
| 2014-09-30 | 23.72% |
| 2014-06-30 | 24.17% |
| 2014-03-31 | 29.43% |
| 2013-12-31 | 28.04% |
| 2013-09-30 | 24.65% |
| 2013-06-30 | 25.36% |
| 2013-03-31 | 29.22% |
| 2012-12-31 | 26.88% |
| 2012-09-30 | 25.80% |
| 2012-06-30 | 24.39% |
| 2012-03-31 | 25.44% |
| 2011-12-31 | 23.79% |
| 2011-09-30 | 23.22% |
| 2011-06-30 | 20.58% |
| 2011-03-31 | 19.69% |
| 2010-12-31 | 17.10% |
| 2010-09-30 | 17.67% |
| 2010-06-30 | 18.76% |
| 2010-03-31 | 20.13% |
| 2009-12-31 | 29.62% |
| 2009-09-30 | 26.27% |
| 2009-06-30 | 27.19% |
| 2009-03-31 | 26.92% |
| 2008-12-31 | 22.65% |
| 2008-09-30 | 11.34% |
| 2008-06-30 | 15.88% |
| 2008-03-31 | 18.19% |
| 2007-12-31 | 19.12% |
| 2007-09-30 | 19.74% |
| 2007-06-30 | 19.97% |
| 2007-03-31 | 20.65% |
| 2006-12-31 | 22.17% |
| 2006-09-30 | 21.62% |
| 2006-06-30 | 24.03% |
| 2006-03-31 | 21.51% |
| 2005-12-31 | 21.86% |
| 2005-09-30 | 20.84% |
| 2005-06-30 | 23.31% |
| 2005-03-31 | 23.61% |
| 2004-12-31 | 24.46% |
| 2004-09-30 | 25.42% |
| 2004-06-30 | 26.45% |
| 2004-03-31 | 31.44% |
| 2003-12-31 | 30.34% |
| 2003-09-30 | 34.36% |
| 2003-06-30 | 35.43% |
| 2003-03-31 | 42.55% |
| 2002-12-31 | 46.61% |
| 2002-09-30 | 47.74% |
