Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of -16.23 is 379% below its 5-year average of 5.81, near the low end of its 5-year range (-115.85–821.84).
As of the fiscal period ended Tuesday, March 31, 2026. 22.28% above its 12-month average of -20.88.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
-16.23
DEBT TO EQUITY RATIO AVG TTM
-20.88
DEBT TO EQUITY RATIO AVG 3Y
-1.50
DEBT TO EQUITY RATIO AVG 5Y
5.81
DEBT TO EQUITY RATIO AVG 10Y
9.26
DEBT TO EQUITY RATIO AVG 15Y
6.24
DEBT TO EQUITY RATIO AVG 20Y
4.64
CURRENT VS TTM AVG
+22.28%
CURRENT VS 3Y AVG
-980.20%
CURRENT VS 5Y AVG
-379.36%
CURRENT VS 10Y AVG
-275.26%
CURRENT VS 15Y AVG
-360.19%
CURRENT VS 20Y AVG
-449.65%
SECTOR MEDIAN · REAL ESTATE
0.82
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-2066.97%
vs the sector median at left
Iron Mountain Incorporated
Market Cap
$37.00B
Debt to Equity Ratio
-16.23
TTM Avg
-20.88
3Y Avg
-1.50
5Y Avg
5.81
Market Cap
$31.01B
Debt to Equity Ratio
1.09
TTM Avg
1.02
3Y Avg
1.28
5Y Avg
1.58
Market Cap
$28.71B
Debt to Equity Ratio
0.61
TTM Avg
0.66
3Y Avg
0.67
5Y Avg
0.64
Market Cap
$25.67B
Debt to Equity Ratio
0.76
TTM Avg
0.74
3Y Avg
0.73
5Y Avg
0.73
Market Cap
$19.42B
Debt to Equity Ratio
-3.28
TTM Avg
12.33
3Y Avg
11.19
5Y Avg
8.52
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Iron Mountain Incorporated (IRM) | $37.00B | -16.23 | -20.88 | -1.50 | 5.81 |
| Crown Castle Inc. (CCI)vs › | $32.32B | -7.16 | 4.13 | 3.56 | 2.99 |
| CBRE Group, Inc. (CBRE)vs › | $42.70B | 1.26 | 0.91 | 0.71 | 0.65 |
| Extra Space Storage Inc. (EXR)vs › | $31.01B | 1.09 | 1.02 | 1.28 | 1.58 |
| Ventas, Inc. (VTR)vs › | $43.28B | 0.93 | 1.17 | 1.25 | 1.22 |
| VICI Properties Inc. (VICI)vs › | $28.71B | 0.61 | 0.66 | 0.67 | 0.64 |
| AvalonBay Communities, Inc. (AVB)vs › | $25.67B | 0.76 | 0.74 | 0.73 | 0.73 |
| Equity Residential (EQR)vs › | $24.15B | 0.81 | 0.78 | 0.73 | 0.76 |
| SBA Communications Corporation (SBAC)vs › | $19.42B | -3.28 | 12.33 | 11.19 | 8.52 |
| Essex Property Trust, Inc. (ESS)vs › | $18.07B | 1.27 | 1.23 | 1.17 | 1.13 |
Debt/Equity
-16.23
Current Ratio
3.72
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-03-31 | -16.23 |
| 2025-12-31 | -19.42 |
| 2025-09-30 | -20.95 |
| 2025-06-30 | -23.26 |
| 2025-03-31 | -24.54 |
| 2024-12-31 | -32.54 |
| 2024-09-30 | -61.08 |
| 2024-06-30 | -115.85 |
| 2024-03-31 | 821.84 |
| 2023-12-31 | 69.87 |
| 2023-09-30 | 53.85 |
| 2023-06-30 | 33.06 |
| 2023-03-31 | 24.71 |
| 2022-12-31 | 20.87 |
| 2022-09-30 | 24.03 |
| 2022-06-30 | 19.25 |
| 2022-03-31 | 16.41 |
| 2021-12-31 | 13.67 |
| 2021-09-30 | 11.60 |
| 2021-06-30 | 9.63 |
| 2021-03-31 | 11.44 |
| 2020-12-31 | 9.68 |
| 2020-09-30 | 11.81 |
| 2020-06-30 | 11.16 |
| 2020-03-31 | 9.43 |
| 2019-12-31 | 7.25 |
| 2019-09-30 | 6.78 |
| 2019-06-30 | 6.13 |
| 2019-03-31 | 5.77 |
| 2018-12-31 | 4.38 |
| 2018-09-30 | 4.25 |
| 2018-06-30 | 3.93 |
| 2018-03-31 | 3.61 |
| 2017-12-31 | 3.07 |
| 2017-09-30 | 3.69 |
| 2017-06-30 | 3.48 |
| 2017-03-31 | 3.33 |
| 2016-12-31 | 3.23 |
| 2016-09-30 | 3.04 |
| 2016-06-30 | 2.80 |
| 2016-03-31 | 10.12 |
| 2015-12-31 | 9.52 |
| 2015-09-30 | 8.52 |
| 2015-06-30 | 6.76 |
| 2015-03-31 | 6.36 |
| 2014-12-31 | 5.39 |
| 2014-09-30 | 9.64 |
| 2014-06-30 | 3.38 |
| 2014-03-31 | 4.17 |
| 2013-12-31 | 4.01 |
| 2013-09-30 | 3.80 |
| 2013-06-30 | 3.65 |
| 2013-03-31 | 3.45 |
| 2012-12-31 | 3.33 |
| 2012-09-30 | 2.91 |
| 2012-06-30 | 2.82 |
| 2012-03-31 | 2.74 |
| 2011-12-31 | 2.69 |
| 2011-09-30 | 1.95 |
| 2011-06-30 | 1.43 |
| 2011-03-31 | 1.49 |
| 2010-12-31 | 1.54 |
| 2010-09-30 | 1.54 |
| 2010-06-30 | 1.50 |
| 2010-03-31 | 1.50 |
| 2009-12-31 | 1.51 |
| 2009-09-30 | 1.61 |
| 2009-06-30 | 1.66 |
| 2009-03-31 | 1.74 |
| 2008-12-31 | 1.80 |
| 2008-09-30 | 1.80 |
| 2008-06-30 | 1.80 |
| 2008-03-31 | 1.80 |
| 2007-12-31 | 1.82 |
| 2007-09-30 | 1.81 |
| 2007-06-30 | 1.82 |
| 2007-03-31 | 1.70 |
| 2006-12-31 | 1.72 |
| 2006-09-30 | 1.75 |
| 2006-06-30 | 1.78 |
| 2006-03-31 | 1.83 |
| 2005-12-31 | 1.85 |
| 2005-09-30 | 1.81 |
| 2005-06-30 | 1.88 |
| 2005-03-31 | 1.99 |
| 2004-12-31 | 2.03 |
| 2004-09-30 | 2.02 |
| 2004-06-30 | 2.01 |
| 2004-03-31 | 2.09 |
| 2003-12-31 | 1.96 |
| 2003-09-30 | 2.02 |
| 2003-06-30 | 1.87 |
| 2003-03-31 | 1.77 |
| 2002-12-31 | 1.83 |
| 2002-09-30 | 1.73 |
| 2002-06-30 | 1.67 |