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 43.94% is 16% above its 5-year average of 37.98%, near the high end of its 5-year range (28.17%–49.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.27% below its 12-month average of 46.39%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
43.94%
DEBT TO ASSETS RATIO AVG TTM
46.39%
DEBT TO ASSETS RATIO AVG 3Y
41.90%
DEBT TO ASSETS RATIO AVG 5Y
37.98%
DEBT TO ASSETS RATIO AVG 10Y
33.07%
DEBT TO ASSETS RATIO AVG 15Y
29.63%
DEBT TO ASSETS RATIO AVG 20Y
27.30%
CURRENT VS TTM AVG
-5.27%
CURRENT VS 3Y AVG
+4.89%
CURRENT VS 5Y AVG
+15.71%
CURRENT VS 10Y AVG
+32.87%
CURRENT VS 15Y AVG
+48.30%
CURRENT VS 20Y AVG
+60.99%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+16482.62%
vs the sector median at left
Honeywell International Inc.
Market Cap
$65.99B
Debt to Assets Ratio
43.94%
TTM Avg
46.39%
3Y Avg
41.90%
5Y Avg
37.98%
Market Cap
$64.52B
Debt to Assets Ratio
1.39%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$68.21B
Debt to Assets Ratio
0.41%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$73.46B
Debt to Assets Ratio
0.32%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$73.89B
Debt to Assets Ratio
0.37%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$58.00B
Debt to Assets Ratio
0.04%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Honeywell International Inc. (HON) | $65.99B | 43.94% | 46.39% | 41.90% | 37.98% |
| PACCAR Inc (PCAR)vs › | $64.81B | 0.33% | N/A | N/A | N/A |
| TransDigm Group Incorporated (TDG)vs › | $64.52B | 1.39% | N/A | N/A | N/A |
| Republic Services, Inc. (RSG)vs › | $68.21B | 0.41% | N/A | N/A | N/A |
| United Rentals, Inc. (URI)vs › | $63.45B | 0.49% | N/A | N/A | N/A |
| W.W. Grainger, Inc. (GWW)vs › | $60.39B | 0.29% | N/A | N/A | N/A |
| Northrop Grumman Corporation (NOC)vs › | $73.46B | 0.32% | N/A | N/A | N/A |
| Norfolk Southern Corporation (NSC)vs › | $73.89B | 0.37% | N/A | N/A | N/A |
| Comfort Systems USA, Inc. (FIX)vs › | $58.00B | 0.04% | N/A | N/A | N/A |
| Canadian National Railway Company (CNI)vs › | $74.32B | 0.38% | N/A | N/A | N/A |
Debt/Assets
43.9%
Debt/Equity
1.35
Current Ratio
1.21
Interest Coverage
4.9x
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 | 43.94% |
| 2026-03-31 | 49.66% |
| 2025-12-31 | 44.57% |
| 2025-09-30 | 45.77% |
| 2025-06-30 | 48.01% |
| 2025-03-31 | 45.19% |
| 2024-12-31 | 42.85% |
| 2024-09-30 | 43.51% |
| 2024-06-30 | 40.29% |
| 2024-03-31 | 38.47% |
| 2023-12-31 | 35.00% |
| 2023-09-30 | 33.10% |
| 2023-06-30 | 34.29% |
| 2023-03-31 | 32.00% |
| 2022-12-31 | 32.98% |
| 2022-09-30 | 28.17% |
| 2022-06-30 | 30.64% |
| 2022-03-31 | 30.57% |
| 2021-12-31 | 32.00% |
| 2021-09-30 | 33.10% |
| 2021-06-30 | 33.40% |
| 2021-03-31 | 33.55% |
| 2020-12-31 | 35.94% |
| 2020-09-30 | 35.02% |
| 2020-06-30 | 34.73% |
| 2020-03-31 | 28.06% |
| 2019-12-31 | 28.47% |
| 2019-09-30 | 30.96% |
| 2019-06-30 | 28.02% |
| 2019-03-31 | 27.51% |
| 2018-12-31 | 28.07% |
| 2018-09-30 | 29.47% |
| 2018-06-30 | 28.54% |
| 2018-03-31 | 30.00% |
| 2017-12-31 | 30.07% |
| 2017-09-30 | 29.56% |
| 2017-06-30 | 29.66% |
| 2017-03-31 | 28.97% |
| 2016-12-31 | 29.13% |
| 2016-09-30 | 29.61% |
| 2016-06-30 | 27.38% |
| 2016-03-31 | 27.71% |
| 2015-12-31 | 24.47% |
| 2015-09-30 | 22.66% |
| 2015-06-30 | 20.94% |
| 2015-03-31 | 21.40% |
| 2014-12-31 | 19.10% |
| 2014-09-30 | 19.25% |
| 2014-06-30 | 19.84% |
| 2014-03-31 | 20.44% |
| 2013-12-31 | 19.43% |
| 2013-09-30 | 19.38% |
| 2013-06-30 | 18.27% |
| 2013-03-31 | 18.42% |
| 2012-12-31 | 17.91% |
| 2012-09-30 | 19.45% |
| 2012-06-30 | 19.85% |
| 2012-03-31 | 19.57% |
| 2011-12-31 | 18.98% |
| 2011-09-30 | 20.67% |
| 2011-06-30 | 19.48% |
| 2011-03-31 | 19.63% |
| 2010-12-31 | 17.56% |
| 2010-09-30 | 19.02% |
| 2010-06-30 | 20.73% |
| 2010-03-31 | 20.99% |
| 2009-12-31 | 21.13% |
| 2009-09-30 | 22.99% |
| 2009-06-30 | 24.61% |
| 2009-03-31 | 24.62% |
| 2008-12-31 | 23.60% |
| 2008-09-30 | 24.79% |
| 2008-06-30 | 23.14% |
| 2008-03-31 | 23.04% |
| 2007-12-31 | 22.65% |
| 2007-09-30 | 23.87% |
| 2007-06-30 | 23.77% |
| 2007-03-31 | 19.20% |
| 2006-12-31 | 16.36% |
| 2006-09-30 | 16.54% |
| 2006-06-30 | 17.60% |
| 2006-03-31 | 16.47% |
| 2005-12-31 | 16.14% |
| 2005-09-30 | 16.80% |
| 2005-06-30 | 17.55% |
| 2005-03-31 | 17.51% |
| 2004-12-31 | 16.98% |
| 2004-09-30 | 16.80% |
| 2004-06-30 | 17.29% |
| 2004-03-31 | 18.60% |
| 2003-12-31 | 17.60% |
| 2003-09-30 | 18.34% |
| 2003-06-30 | 19.03% |
| 2003-03-31 | 18.61% |
| 2002-12-31 | 18.46% |
| 2002-09-30 | 19.91% |