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 7.51% is 28% above its 5-year average of 5.86%, near the high end of its 5-year range (3.86%–7.81%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.54% above its 12-month average of 6.62%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 7.51%.
DEBT TO ASSETS RATIO
7.51%
DEBT TO ASSETS RATIO AVG TTM
6.62%
DEBT TO ASSETS RATIO AVG 3Y
5.94%
DEBT TO ASSETS RATIO AVG 5Y
5.86%
DEBT TO ASSETS RATIO AVG 10Y
6.58%
DEBT TO ASSETS RATIO AVG 15Y
7.46%
DEBT TO ASSETS RATIO AVG 20Y
8.55%
CURRENT VS TTM AVG
+13.54%
CURRENT VS 3Y AVG
+26.39%
CURRENT VS 5Y AVG
+28.21%
CURRENT VS 10Y AVG
+14.13%
CURRENT VS 15Y AVG
+0.71%
CURRENT VS 20Y AVG
-12.18%
SECTOR MEDIAN · FINANCIAL SERVICES
0.05%
median of 701 covered companies
CURRENT VS SECTOR MEDIAN
+14924.28%
vs the sector median at left
First Merchants Corporation
Market Cap
$2.50B
Debt to Assets Ratio
7.51%
TTM Avg
6.62%
3Y Avg
5.94%
5Y Avg
5.86%
Market Cap
$2.49B
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.49B
Debt to Assets Ratio
0.10%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.44B
Debt to Assets Ratio
0.27%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.58B
Debt to Assets Ratio
0.44%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Merchants Corporation (FRME) | $2.50B | 7.51% | 6.62% | 5.94% | 5.86% |
| First Busey Corporation (BUSE)vs › | $2.49B | 0.03% | N/A | N/A | N/A |
| First Bancorp (FBNC)vs › | $2.49B | 0.01% | N/A | N/A | N/A |
| Columbia Financial, Inc. (CLBK)vs › | $2.49B | 0.10% | N/A | N/A | N/A |
| Merchants Bancorp (MBINM)vs › | $2.53B | 0.20% | N/A | N/A | N/A |
| Oxford Lane Capital Corp. (OXLCM)vs › | $2.44B | 0.27% | N/A | N/A | N/A |
| The Baldwin Insurance Group, Inc. (BWIN)vs › | $2.58B | 0.44% | N/A | N/A | N/A |
| Merchants Bancorp (MBINN)vs › | $2.38B | 0.20% | N/A | N/A | N/A |
| Merchants Bancorp (MBINL)vs › | $2.38B | 0.20% | N/A | N/A | N/A |
| NBT Bancorp Inc. (NBTB)vs › | $2.63B | 0.03% | N/A | N/A | N/A |
Debt/Assets
7.5%
Debt/Equity
0.59
Current ratio and interest coverage is unavailable for First Merchants Corporation: applicability has not been verified for this financial-services business. The current sector-based policy withholds this model until its treatment of debt, cash and cash flows is confirmed for the company.
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 | 7.51% |
| 2026-03-31 | 7.81% |
| 2025-12-31 | 5.26% |
| 2025-09-30 | 6.26% |
| 2025-06-30 | 6.24% |
| 2025-03-31 | 7.28% |
| 2024-12-31 | 6.32% |
| 2024-09-30 | 5.89% |
| 2024-06-30 | 6.41% |
| 2024-03-31 | 4.70% |
| 2023-12-31 | 5.59% |
| 2023-09-30 | 5.69% |
| 2023-06-30 | 5.72% |
| 2023-03-31 | 6.35% |
| 2022-12-31 | 7.32% |
| 2022-09-30 | 6.63% |
| 2022-06-30 | 5.83% |
| 2022-03-31 | 3.86% |
| 2021-12-31 | 4.10% |
| 2021-09-30 | 4.22% |
| 2021-06-30 | 4.02% |
| 2021-03-31 | 4.54% |
| 2020-12-31 | 4.87% |
| 2020-09-30 | 5.72% |
| 2020-06-30 | 6.27% |
| 2020-03-31 | 6.62% |
| 2019-12-31 | 5.88% |
| 2019-09-30 | 5.56% |
| 2019-06-30 | 7.39% |
| 2019-03-31 | 6.03% |
| 2018-12-31 | 6.79% |
| 2018-09-30 | 7.49% |
| 2018-06-30 | 8.62% |
| 2018-03-31 | 8.20% |
| 2017-12-31 | 8.91% |
| 2017-09-30 | 8.71% |
| 2017-06-30 | 9.02% |
| 2017-03-31 | 9.67% |
| 2016-12-31 | 9.63% |
| 2016-09-30 | 8.86% |
| 2016-06-30 | 8.07% |
| 2016-03-31 | 7.97% |
| 2015-12-31 | 8.41% |
| 2015-09-30 | 9.15% |
| 2015-06-30 | 9.00% |
| 2015-03-31 | 7.27% |
| 2014-12-31 | 7.07% |
| 2014-09-30 | 10.04% |
| 2014-06-30 | 10.34% |
| 2014-03-31 | 8.87% |
| 2013-12-31 | 9.62% |
| 2013-09-30 | 12.11% |
| 2013-06-30 | 9.76% |
| 2013-03-31 | 8.62% |
| 2012-12-31 | 8.53% |
| 2012-09-30 | 11.01% |
| 2012-06-30 | 8.83% |
| 2012-03-31 | 9.39% |
| 2011-12-31 | 11.73% |
| 2011-09-30 | 9.51% |
| 2011-06-30 | 7.90% |
| 2011-03-31 | 8.04% |
| 2010-12-31 | 10.05% |
| 2010-10-28 | 10.28% |
| 2010-06-30 | 10.37% |
| 2010-03-31 | 9.85% |
| 2009-12-31 | 10.05% |
| 2009-09-30 | 10.05% |
| 2009-06-30 | 12.59% |
| 2009-03-31 | 12.21% |
| 2008-12-31 | 12.93% |
| 2008-09-30 | 14.79% |
| 2008-06-30 | 15.34% |
| 2008-03-31 | 15.25% |
| 2007-12-31 | 15.04% |
| 2007-09-30 | 16.53% |
| 2007-06-30 | 16.01% |
| 2007-03-31 | 13.99% |
| 2006-12-31 | 12.40% |
| 2006-09-30 | 12.07% |
| 2006-06-30 | 15.47% |
| 2006-03-31 | 14.34% |
| 2005-12-31 | 15.70% |
| 2005-09-30 | 13.09% |
| 2005-06-30 | 14.19% |
| 2005-03-31 | 12.27% |
| 2004-12-31 | 13.81% |
| 2004-09-30 | 11.94% |
| 2004-06-30 | 13.52% |
| 2004-03-31 | 12.31% |
| 2003-12-31 | 12.45% |
| 2003-09-30 | 12.42% |
| 2003-06-30 | 13.66% |
| 2003-03-31 | 12.96% |
| 2002-12-31 | 13.32% |
| 2002-09-30 | 12.51% |
