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 36.25% is 54% above its 5-year average of 23.52%, near the high end of its 5-year range (13.33%–37.16%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.40% above its 12-month average of 34.73%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 36.25%.
DEBT TO ASSETS RATIO
36.25%
DEBT TO ASSETS RATIO AVG TTM
34.73%
DEBT TO ASSETS RATIO AVG 3Y
28.86%
DEBT TO ASSETS RATIO AVG 5Y
23.52%
DEBT TO ASSETS RATIO AVG 10Y
19.80%
DEBT TO ASSETS RATIO AVG 15Y
16.12%
DEBT TO ASSETS RATIO AVG 20Y
16.33%
CURRENT VS TTM AVG
+4.40%
CURRENT VS 3Y AVG
+25.60%
CURRENT VS 5Y AVG
+54.13%
CURRENT VS 10Y AVG
+83.12%
CURRENT VS 15Y AVG
+124.93%
CURRENT VS 20Y AVG
+122.05%
SECTOR MEDIAN · INDUSTRIALS
0.28%
median of 171 covered companies
CURRENT VS SECTOR MEDIAN
+12847.12%
vs the sector median at left
Granite Construction Incorporated
Market Cap
$5.25B
Debt to Assets Ratio
36.25%
TTM Avg
34.73%
3Y Avg
28.86%
5Y Avg
23.52%
Market Cap
$5.18B
Debt to Assets Ratio
0.41%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.15B
Debt to Assets Ratio
0.52%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.43B
Debt to Assets Ratio
0.34%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Granite Construction Incorporated (GVA) | $5.25B | 36.25% | 34.73% | 28.86% | 23.52% |
| Casella Waste Systems, Inc. (CWST)vs › | $5.18B | 0.41% | N/A | N/A | N/A |
| Construction Partners, Inc. (ROAD)vs › | $5.15B | 0.52% | N/A | N/A | N/A |
| MYR Group Inc. (MYRG)vs › | $4.75B | 0.04% | N/A | N/A | N/A |
| Planet Labs PBC (PL)vs › | $5.83B | 0.31% | N/A | N/A | N/A |
| Pool Corporation (POOL)vs › | $5.88B | 0.45% | N/A | N/A | N/A |
| UniFirst Corporation (UNF)vs › | $4.57B | 0.03% | N/A | N/A | N/A |
| Karman Holdings Inc. (KRMN)vs › | $4.52B | 0.61% | N/A | N/A | N/A |
| Amentum Holdings, Inc. (AMTM)vs › | $4.43B | 0.34% | N/A | N/A | N/A |
| KBR, Inc. (KBR)vs › | $4.32B | 0.42% | N/A | N/A | N/A |
Debt/Assets
36.3%
Debt/Equity
2.30
Current Ratio
1.01
Interest Coverage
5.5x
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 | 36.25% |
| 2026-03-31 | 36.93% |
| 2025-12-31 | 37.16% |
| 2025-09-30 | 36.10% |
| 2025-06-30 | 27.19% |
| 2025-03-31 | 28.84% |
| 2024-12-31 | 27.53% |
| 2024-09-30 | 26.45% |
| 2024-06-30 | 28.47% |
| 2024-03-31 | 24.45% |
| 2023-12-31 | 26.13% |
| 2023-09-30 | 18.00% |
| 2023-06-30 | 21.71% |
| 2023-03-31 | 16.08% |
| 2022-12-31 | 15.65% |
| 2022-09-30 | 13.33% |
| 2022-06-30 | 13.94% |
| 2022-03-31 | 14.55% |
| 2021-12-31 | 14.94% |
| 2021-09-30 | 14.83% |
| 2021-06-30 | 15.40% |
| 2021-03-31 | 16.10% |
| 2020-12-31 | 15.91% |
| 2020-09-30 | 18.72% |
| 2020-06-30 | 18.74% |
| 2020-03-31 | 17.70% |
| 2019-12-31 | 16.90% |
| 2019-09-30 | 17.46% |
| 2019-06-30 | 18.61% |
| 2019-03-31 | 18.07% |
| 2018-12-31 | 15.44% |
| 2018-09-30 | 16.40% |
| 2018-06-30 | 19.12% |
| 2018-03-31 | 12.69% |
| 2017-12-31 | 11.99% |
| 2017-09-30 | 12.36% |
| 2017-06-30 | 13.42% |
| 2017-03-31 | 14.49% |
| 2016-12-31 | 14.09% |
| 2016-09-30 | 14.31% |
| 2016-06-30 | 15.23% |
| 2016-03-31 | 16.00% |
| 2015-12-31 | 15.98% |
| 2015-09-30 | 16.06% |
| 2015-06-30 | 17.06% |
| 2015-03-31 | 17.46% |
| 2014-12-31 | 17.09% |
| 2014-09-30 | 16.47% |
| 2014-06-30 | 16.78% |
| 2014-03-31 | 17.79% |
| 2013-12-31 | 17.20% |
| 2013-09-30 | 16.19% |
| 2013-06-30 | 16.44% |
| 2013-03-31 | 17.29% |
| 2012-12-31 | 16.78% |
| 2012-09-30 | 14.36% |
| 2012-06-30 | 15.27% |
| 2012-03-31 | 16.24% |
| 2011-12-31 | 16.19% |
| 2011-09-30 | 16.15% |
| 2011-06-30 | 16.90% |
| 2011-03-31 | 18.67% |
| 2010-12-31 | 18.27% |
| 2010-09-30 | 16.03% |
| 2010-06-30 | 17.02% |
| 2010-03-31 | 18.22% |
| 2009-12-31 | 17.76% |
| 2009-09-30 | 16.36% |
| 2009-06-30 | 17.21% |
| 2009-03-31 | 17.26% |
| 2008-12-31 | 16.66% |
| 2008-09-30 | 15.45% |
| 2008-06-30 | 15.88% |
| 2008-03-31 | 17.58% |
| 2007-12-31 | 16.63% |
| 2007-09-30 | 9.24% |
| 2007-06-30 | 9.95% |
| 2007-03-31 | 6.50% |
| 2006-12-31 | 6.57% |
| 2006-09-30 | 6.75% |
| 2006-06-30 | 8.16% |
| 2006-03-31 | 9.66% |
| 2005-12-31 | 10.28% |
| 2005-09-30 | 9.81% |
| 2005-06-30 | 11.36% |
| 2005-03-31 | 12.86% |
| 2004-12-31 | 12.86% |
| 2004-09-30 | 10.60% |
| 2004-06-30 | 11.93% |
| 2004-03-31 | 12.50% |
| 2003-12-31 | 12.72% |
| 2003-09-30 | 12.57% |
| 2003-06-30 | 13.62% |
| 2003-03-31 | 14.59% |
| 2002-12-31 | 14.33% |
| 2002-09-30 | 13.66% |