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 17.96% is 21% below its 5-year average of 22.70%, near the low end of its 5-year range (17.96%–33.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.14% below its 12-month average of 20.22%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
17.96%
DEBT TO ASSETS RATIO AVG TTM
20.22%
DEBT TO ASSETS RATIO AVG 3Y
20.90%
DEBT TO ASSETS RATIO AVG 5Y
22.70%
DEBT TO ASSETS RATIO AVG 10Y
21.60%
DEBT TO ASSETS RATIO AVG 15Y
23.97%
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-11.14%
CURRENT VS 3Y AVG
-14.04%
CURRENT VS 5Y AVG
-20.88%
CURRENT VS 10Y AVG
-16.84%
CURRENT VS 15Y AVG
-25.04%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
0.20%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+8882.03%
vs the sector median at left
Diamondback Energy, Inc.
Market Cap
$56.12B
Debt to Assets Ratio
17.96%
TTM Avg
20.22%
3Y Avg
20.90%
5Y Avg
22.70%
Market Cap
$57.28B
Debt to Assets Ratio
0.71%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$57.39B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$62.98B
Debt to Assets Ratio
0.31%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Diamondback Energy, Inc. (FANG) | $56.12B | 17.96% | 20.22% | 20.90% | 22.70% |
| Targa Resources Corp. (TRGP)vs › | $57.28B | 0.71% | N/A | N/A | N/A |
| Occidental Petroleum Corporation (OXY)vs › | $57.39B | 0.18% | N/A | N/A | N/A |
| ONEOK, Inc. (OKE)vs › | $58.38B | 0.48% | N/A | N/A | N/A |
| Baker Hughes Company (BKR)vs › | $62.98B | 0.31% | N/A | N/A | N/A |
| Cameco Corporation (CCJ)vs › | $42.57B | 0.10% | N/A | N/A | N/A |
| Kinder Morgan, Inc. (KMI)vs › | $71.44B | 0.44% | N/A | N/A | N/A |
| Energy Transfer LP (ET)vs › | $71.44B | 0.47% | N/A | N/A | N/A |
| EOG Resources, Inc. (EOG)vs › | $75.32B | 0.15% | N/A | N/A | N/A |
| Suncor Energy Inc. (SU)vs › | $77.26B | 0.15% | N/A | N/A | N/A |
Debt/Assets
18.0%
Debt/Equity
0.33
Current Ratio
0.47
Interest Coverage
20.2x
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 | 17.96% |
| 2026-03-31 | 19.83% |
| 2025-12-31 | 20.94% |
| 2025-09-30 | 21.31% |
| 2025-06-30 | 21.04% |
| 2025-03-31 | 19.85% |
| 2024-12-31 | 18.47% |
| 2024-09-30 | 19.66% |
| 2024-06-30 | 33.62% |
| 2024-03-31 | 22.33% |
| 2023-12-31 | 23.45% |
| 2023-09-30 | 22.21% |
| 2023-06-30 | 23.72% |
| 2023-03-31 | 25.23% |
| 2022-12-31 | 24.34% |
| 2022-09-30 | 22.47% |
| 2022-06-30 | 23.27% |
| 2022-03-31 | 25.07% |
| 2021-12-31 | 29.58% |
| 2021-09-30 | 30.68% |
| 2021-06-30 | 32.97% |
| 2021-03-31 | 34.81% |
| 2020-12-31 | 33.66% |
| 2020-09-30 | 31.17% |
| 2020-06-30 | 29.27% |
| 2020-03-31 | 24.28% |
| 2019-12-31 | 23.33% |
| 2019-09-30 | 20.21% |
| 2019-06-30 | 19.30% |
| 2019-03-31 | 21.00% |
| 2018-12-31 | 20.94% |
| 2018-09-30 | 23.78% |
| 2018-06-30 | 21.97% |
| 2018-03-31 | 20.69% |
| 2017-12-31 | 19.37% |
| 2017-09-30 | 17.24% |
| 2017-06-30 | 16.97% |
| 2017-03-31 | 15.48% |
| 2016-12-31 | 20.93% |
| 2016-09-30 | 14.12% |
| 2016-06-30 | 17.41% |
| 2016-03-31 | 16.50% |
| 2015-12-31 | 18.20% |
| 2015-09-30 | 16.35% |
| 2015-06-30 | 22.64% |
| 2015-03-31 | 19.78% |
| 2014-12-31 | 22.14% |
| 2014-09-30 | 20.92% |
| 2014-06-30 | 24.23% |
| 2014-03-31 | 30.31% |
| 2013-12-31 | 30.53% |
| 2013-09-30 | 30.71% |
| 2013-06-30 | 0.03% |
| 2013-03-31 | 5.68% |
| 2012-12-31 | 0.84% |
| 2012-09-30 | 42.37% |
| 2012-06-30 | 40.47% |
| 2012-03-31 | 36.51% |
| 2011-12-31 | 34.07% |
| 2011-09-30 | 34.75% |
| 2010-12-31 | 25.95% |
