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 23.53% is in line with its 5-year average of 22.52%, around the middle of its 5-year range (18.64%–27.54%).
As of the fiscal period ended Friday, June 26, 2026. 2.99% above its 12-month average of 22.85%.
Reported quarterly debt to assets ratio; no daily interpolation. Q1 FY2027 (2026-06-26): 23.53%.
DEBT TO ASSETS RATIO
23.53%
DEBT TO ASSETS RATIO AVG TTM
22.85%
DEBT TO ASSETS RATIO AVG 3Y
21.67%
DEBT TO ASSETS RATIO AVG 5Y
22.52%
DEBT TO ASSETS RATIO AVG 10Y
22.79%
DEBT TO ASSETS RATIO AVG 15Y
21.34%
DEBT TO ASSETS RATIO AVG 20Y
21.05%
CURRENT VS TTM AVG
+2.99%
CURRENT VS 3Y AVG
+8.61%
CURRENT VS 5Y AVG
+4.48%
CURRENT VS 10Y AVG
+3.25%
CURRENT VS 15Y AVG
+10.27%
CURRENT VS 20Y AVG
+11.78%
SECTOR MEDIAN · TECHNOLOGY
0.19%
median of 218 covered companies
CURRENT VS SECTOR MEDIAN
+12286.11%
vs the sector median at left
Flex Ltd.
Market Cap
$43.08B
Debt to Assets Ratio
23.53%
TTM Avg
22.85%
3Y Avg
21.67%
5Y Avg
22.52%
Market Cap
$44.16B
Debt to Assets Ratio
0.37%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$40.77B
Debt to Assets Ratio
0.01%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Flex Ltd. (FLEX) | $43.08B | 23.53% | 22.85% | 21.67% | 22.52% |
| Microchip Technology Incorporated (MCHP)vs › | $44.16B | 0.37% | N/A | N/A | N/A |
| Block, Inc. (XYZ)vs › | $44.24B | 0.18% | N/A | N/A | N/A |
| Veeva Systems Inc. (VEEV)vs › | $44.40B | 0.02% | N/A | N/A | N/A |
| NetApp, Inc. (NTAP)vs › | $44.40B | 0.23% | N/A | N/A | N/A |
| Celestica Inc. (CLS)vs › | $44.53B | 0.08% | N/A | N/A | N/A |
| Twilio Inc. (TWLO)vs › | $44.71B | 0.10% | N/A | N/A | N/A |
| Autodesk, Inc. (ADSK)vs › | $44.76B | 0.29% | N/A | N/A | N/A |
| Credo Technology Group Holding Ltd (CRDO)vs › | $40.77B | 0.01% | N/A | N/A | N/A |
| Everpure, Inc. (P)vs › | $46.58B | 0.04% | N/A | N/A | N/A |
Debt/Assets
23.5%
Debt/Equity
1.08
Current Ratio
1.38
Interest Coverage
7.0x
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 |
|---|---|
| 2026-06-26 | 23.53% |
| 2026-03-31 | 19.56% |
| 2025-12-31 | 26.90% |
| 2025-09-26 | 21.96% |
| 2025-06-27 | 22.29% |
| 2025-03-31 | 22.57% |
| 2024-12-31 | 22.73% |
| 2024-09-27 | 22.52% |
| 2024-06-28 | 20.74% |
| 2024-03-31 | 21.29% |
| 2023-12-31 | 19.33% |
| 2023-09-29 | 18.64% |
| 2023-06-30 | 19.63% |
| 2023-03-31 | 19.61% |
| 2022-12-31 | 21.61% |
| 2022-09-30 | 21.78% |
| 2022-07-01 | 22.91% |
| 2022-03-31 | 24.57% |
| 2021-12-31 | 27.46% |
| 2021-10-01 | 25.85% |
| 2021-07-02 | 27.54% |
| 2021-03-31 | 27.44% |
| 2020-12-31 | 28.60% |
| 2020-09-25 | 29.77% |
| 2020-06-26 | 30.01% |
| 2020-03-31 | 24.59% |
| 2019-12-31 | 23.56% |
| 2019-09-27 | 24.53% |
| 2019-06-28 | 26.29% |
| 2019-03-31 | 22.63% |
| 2018-12-31 | 21.11% |
| 2018-09-28 | 19.86% |
| 2018-06-29 | 20.41% |
| 2018-03-31 | 21.44% |
| 2017-12-31 | 21.28% |
| 2017-09-29 | 21.80% |
| 2017-06-30 | 22.77% |
| 2017-03-31 | 23.44% |
| 2016-12-31 | 22.39% |
| 2016-09-30 | 21.67% |
| 2016-07-01 | 22.05% |
| 2016-03-31 | 22.40% |
| 2015-12-31 | 21.51% |
| 2015-09-25 | 21.06% |
| 2015-06-26 | 22.12% |
| 2015-03-31 | 17.71% |
| 2014-12-31 | 17.29% |
| 2014-09-26 | 17.69% |
| 2014-06-27 | 17.64% |
| 2014-03-31 | 16.82% |
| 2013-12-31 | 16.04% |
| 2013-09-30 | 17.14% |
| 2013-06-28 | 18.45% |
| 2013-03-31 | 19.52% |
| 2012-12-31 | 18.73% |
| 2012-09-28 | 18.73% |
| 2012-06-29 | 20.02% |
| 2012-03-31 | 19.84% |
| 2011-12-31 | 19.07% |
| 2011-09-30 | 17.61% |
| 2011-07-01 | 18.17% |
| 2011-03-31 | 19.09% |
| 2010-12-31 | 19.06% |
| 2010-10-01 | 18.59% |
| 2010-07-02 | 21.19% |
| 2010-03-31 | 21.21% |
| 2009-12-31 | 23.19% |
| 2009-10-02 | 24.19% |
| 2009-07-03 | 26.41% |
| 2009-03-31 | 26.00% |
| 2008-12-31 | 24.84% |
| 2008-09-26 | 16.98% |
| 2008-06-27 | 18.22% |
| 2008-03-31 | 17.50% |
| 2007-12-31 | 15.80% |
| 2007-09-28 | 11.23% |
| 2007-06-29 | 11.72% |
| 2007-03-31 | 12.17% |
| 2006-12-31 | 11.83% |
| 2006-09-30 | 14.03% |
| 2006-06-30 | 15.20% |
| 2006-03-31 | 14.56% |
| 2005-12-31 | 13.82% |
| 2005-09-30 | 14.32% |
| 2005-07-01 | 15.12% |
| 2005-03-31 | 15.85% |
| 2004-12-31 | 17.28% |
| 2004-09-30 | 16.96% |
| 2004-06-30 | 19.65% |
| 2004-03-31 | 18.04% |
| 2003-12-31 | 15.77% |
| 2003-09-30 | 16.08% |
| 2003-06-30 | 16.45% |
| 2003-03-31 | 13.22% |
| 2002-12-31 | 12.59% |
| 2002-09-30 | 13.07% |
