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 21.30% is 15% below its 5-year average of 24.98%, around the middle of its 5-year range (11.08%–34.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.07% below its 12-month average of 21.53%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 21.30%.
DEBT TO ASSETS RATIO
21.30%
DEBT TO ASSETS RATIO AVG TTM
21.53%
DEBT TO ASSETS RATIO AVG 3Y
21.36%
DEBT TO ASSETS RATIO AVG 5Y
24.98%
DEBT TO ASSETS RATIO AVG 10Y
19.64%
DEBT TO ASSETS RATIO AVG 15Y
14.73%
DEBT TO ASSETS RATIO AVG 20Y
12.39%
CURRENT VS TTM AVG
-1.07%
CURRENT VS 3Y AVG
-0.26%
CURRENT VS 5Y AVG
-14.72%
CURRENT VS 10Y AVG
+8.46%
CURRENT VS 15Y AVG
+44.56%
CURRENT VS 20Y AVG
+71.97%
SECTOR MEDIAN · HEALTHCARE
0.29%
median of 100 covered companies
CURRENT VS SECTOR MEDIAN
+7373.83%
vs the sector median at left
ICON Public Limited Company
Market Cap
$12.41B
Debt to Assets Ratio
21.30%
TTM Avg
21.53%
3Y Avg
21.36%
5Y Avg
24.98%
Market Cap
$12.14B
Debt to Assets Ratio
0.49%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$11.88B
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$11.34B
Debt to Assets Ratio
0.11%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$11.10B
Debt to Assets Ratio
0.20%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$13.98B
Debt to Assets Ratio
0.40%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ICON Public Limited Company (ICLR) | $12.41B | 21.30% | 21.53% | 21.36% | 24.98% |
| Penumbra, Inc. (PEN)vs › | $12.51B | 0.11% | N/A | N/A | N/A |
| Baxter International Inc. (BAX)vs › | $12.14B | 0.49% | N/A | N/A | N/A |
| Encompass Health Corporation (EHC)vs › | $11.88B | 0.38% | N/A | N/A | N/A |
| DaVita Inc. (DVA)vs › | $11.47B | 0.61% | N/A | N/A | N/A |
| Tempus AI, Inc. (TEM)vs › | $13.43B | 0.61% | N/A | N/A | N/A |
| Bio-Techne Corporation (TECH)vs › | $11.34B | 0.11% | N/A | N/A | N/A |
| The Cooper Companies, Inc. (COO)vs › | $11.10B | 0.20% | N/A | N/A | N/A |
| Charles River Laboratories International, Inc. (CRL)vs › | $13.98B | 0.40% | N/A | N/A | N/A |
| Universal Health Services, Inc. (UHS)vs › | $10.64B | 0.33% | N/A | N/A | N/A |
Debt/Assets
21.3%
Debt/Equity
0.37
Current Ratio
0.95
Interest Coverage
5.4x
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 | 21.30% |
| 2026-03-31 | 21.50% |
| 2025-12-31 | 21.86% |
| 2025-09-30 | 21.64% |
| 2025-06-30 | 21.36% |
| 2025-03-31 | 21.28% |
| 2024-12-31 | 21.35% |
| 2024-09-30 | 20.79% |
| 2024-06-30 | 21.12% |
| 2024-03-31 | 21.38% |
| 2023-12-31 | 23.18% |
| 2023-09-30 | 24.44% |
| 2023-06-30 | 25.96% |
| 2023-03-31 | 26.74% |
| 2022-12-31 | 28.10% |
| 2022-09-30 | 29.06% |
| 2022-06-30 | 30.48% |
| 2022-03-31 | 30.86% |
| 2021-12-31 | 32.47% |
| 2021-09-30 | 34.66% |
| 2021-06-30 | 11.08% |
| 2021-03-31 | 11.56% |
| 2020-12-31 | 12.62% |
| 2020-09-30 | 13.45% |
| 2020-06-30 | 14.48% |
| 2020-03-31 | 14.94% |
| 2019-12-31 | 15.63% |
| 2019-09-30 | 15.63% |
| 2019-06-30 | 15.78% |
| 2019-03-31 | 16.59% |
| 2018-12-31 | 14.84% |
| 2018-09-30 | 15.01% |
| 2018-06-30 | 16.05% |
| 2018-03-31 | 15.72% |
| 2017-12-31 | 15.96% |
| 2017-09-30 | 16.99% |
| 2017-06-30 | 18.31% |
| 2017-03-31 | 18.79% |
| 2016-12-31 | 19.09% |
| 2016-09-30 | 21.12% |
| 2016-06-30 | 19.90% |
| 2016-03-31 | 19.39% |
| 2015-12-31 | 20.36% |
| 2015-09-30 | 19.31% |
| 2015-06-30 | 3.67% |
| 2015-03-31 | 1.25% |
| 2014-12-31 | 0.00% |
| 2014-09-30 | 0.00% |
| 2014-06-30 | 0.00% |
| 2014-03-31 | 0.00% |
| 2013-12-31 | 0.00% |
| 2013-09-30 | 0.00% |
| 2013-06-30 | 0.00% |
| 2013-03-31 | 0.00% |
| 2012-12-31 | 0.00% |
| 2012-09-30 | 0.00% |
| 2012-06-30 | 0.00% |
| 2012-03-31 | 1.78% |
| 2011-12-31 | 0.00% |
| 2011-09-30 | 0.00% |
| 2011-06-30 | 0.00% |
| 2011-03-31 | 0.00% |
| 2010-12-31 | 0.02% |
| 2010-09-30 | 0.00% |
| 2010-06-30 | 0.00% |
| 2010-03-31 | 0.00% |
| 2009-12-31 | 0.04% |
| 2009-09-30 | 3.09% |
| 2009-06-30 | 7.18% |
| 2009-03-31 | 11.71% |
| 2008-12-31 | 12.24% |
| 2008-09-30 | 9.90% |
| 2008-06-30 | 12.73% |
| 2008-03-31 | 16.44% |
| 2007-12-31 | 13.69% |
| 2007-09-30 | 11.17% |
| 2007-06-30 | 3.08% |
| 2007-03-31 | 1.08% |
| 2006-12-31 | 1.08% |
| 2006-09-30 | 0.97% |
| 2006-06-30 | 0.03% |
| 2006-03-31 | 0.03% |
| 2005-11-30 | 0.89% |
| 2005-08-31 | 0.06% |
| 2005-05-31 | 0.13% |
| 2005-02-28 | 0.00% |
| 2004-11-30 | 2.70% |
| 2004-08-31 | 2.05% |
| 2004-05-31 | 0.06% |
| 2004-02-29 | 0.00% |
| 2003-11-30 | 5.65% |
| 2003-08-31 | 2.19% |
| 2003-05-31 | 3.03% |
| 2003-02-28 | 4.88% |
| 2002-11-30 | 4.65% |
| 2002-08-31 | 6.63% |
