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 58.75% is 12% above its 5-year average of 52.66%, near the high end of its 5-year range (48.25%–58.75%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.30% above its 12-month average of 56.33%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
58.75%
DEBT TO ASSETS RATIO AVG TTM
56.33%
DEBT TO ASSETS RATIO AVG 3Y
54.45%
DEBT TO ASSETS RATIO AVG 5Y
52.66%
DEBT TO ASSETS RATIO AVG 10Y
51.67%
DEBT TO ASSETS RATIO AVG 15Y
50.21%
DEBT TO ASSETS RATIO AVG 20Y
38.67%
CURRENT VS TTM AVG
+4.30%
CURRENT VS 3Y AVG
+7.90%
CURRENT VS 5Y AVG
+11.56%
CURRENT VS 10Y AVG
+13.71%
CURRENT VS 15Y AVG
+17.02%
CURRENT VS 20Y AVG
+51.92%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+22070.38%
vs the sector median at left
Illinois Tool Works Inc.
Market Cap
$77.18B
Debt to Assets Ratio
58.75%
TTM Avg
56.33%
3Y Avg
54.45%
5Y Avg
52.66%
Market Cap
$74.32B
Debt to Assets Ratio
0.38%
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
$73.46B
Debt to Assets Ratio
0.32%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$80.95B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$81.61B
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Illinois Tool Works Inc. (ITW) | $77.18B | 58.75% | 56.33% | 54.45% | 52.66% |
| Cummins Inc. (CMI)vs › | $77.98B | 0.23% | N/A | N/A | N/A |
| FedEx Corporation (FDX)vs › | $75.20B | 0.43% | N/A | N/A | N/A |
| Canadian National Railway Company (CNI)vs › | $74.32B | 0.38% | N/A | N/A | N/A |
| Cintas Corporation (CTAS)vs › | $80.15B | 0.26% | N/A | N/A | N/A |
| Norfolk Southern Corporation (NSC)vs › | $73.89B | 0.37% | N/A | N/A | N/A |
| Northrop Grumman Corporation (NOC)vs › | $73.46B | 0.32% | N/A | N/A | N/A |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.95B | 0.28% | N/A | N/A | N/A |
| Bloom Energy Corporation (BE)vs › | $81.61B | 0.50% | N/A | N/A | N/A |
| 3M Company (MMM)vs › | $85.68B | 0.36% | N/A | N/A | N/A |
Debt/Assets
58.8%
Debt/Equity
3.35
Current Ratio
1.11
Interest Coverage
14.4x
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 | 58.75% |
| 2026-03-31 | 56.25% |
| 2025-12-31 | 55.54% |
| 2025-09-30 | 55.42% |
| 2025-06-30 | 55.69% |
| 2025-03-31 | 53.42% |
| 2024-12-31 | 53.61% |
| 2024-09-30 | 52.74% |
| 2024-06-30 | 54.39% |
| 2024-03-31 | 53.18% |
| 2023-12-31 | 53.94% |
| 2023-09-30 | 52.39% |
| 2023-06-30 | 52.53% |
| 2023-03-31 | 52.63% |
| 2022-12-31 | 51.54% |
| 2022-09-30 | 50.10% |
| 2022-06-30 | 48.77% |
| 2022-03-31 | 48.25% |
| 2021-12-31 | 49.02% |
| 2021-09-30 | 48.66% |
| 2021-06-30 | 49.09% |
| 2021-03-31 | 50.75% |
| 2020-12-31 | 53.23% |
| 2020-09-30 | 53.18% |
| 2020-06-30 | 54.47% |
| 2020-03-31 | 54.38% |
| 2019-12-31 | 52.67% |
| 2019-09-30 | 51.09% |
| 2019-06-30 | 51.42% |
| 2019-03-31 | 50.51% |
| 2018-12-31 | 49.63% |
| 2018-09-30 | 48.33% |
| 2018-06-30 | 47.79% |
| 2018-03-30 | 46.71% |
| 2017-12-31 | 49.63% |
| 2017-09-30 | 49.88% |
| 2017-06-30 | 50.57% |
| 2017-03-31 | 50.72% |
| 2016-12-31 | 51.50% |
| 2016-09-30 | 48.97% |
| 2016-06-30 | 47.06% |
| 2016-03-31 | 45.37% |
| 2015-12-31 | 47.19% |
| 2015-09-30 | 48.51% |
| 2015-06-30 | 47.79% |
| 2015-03-31 | 47.39% |
| 2014-12-31 | 42.18% |
| 2014-09-30 | 39.57% |
| 2014-06-30 | 36.17% |
| 2014-03-31 | 37.79% |
| 2013-12-31 | 31.77% |
| 2013-09-30 | 26.00% |
| 2013-06-30 | 26.42% |
| 2013-03-31 | 26.10% |
| 2012-12-31 | 26.14% |
| 2012-09-30 | 26.26% |
| 2012-06-30 | 25.93% |
| 2012-03-31 | 25.15% |
| 2011-12-31 | 22.19% |
| 2011-09-30 | 24.85% |
| 2011-06-30 | 21.99% |
| 2011-03-31 | 18.98% |
| 2010-12-31 | 17.41% |
| 2010-09-30 | 20.75% |
| 2010-06-30 | 19.34% |
| 2010-03-31 | 19.74% |
| 2009-12-31 | 19.45% |
| 2009-09-30 | 19.73% |
| 2009-06-30 | 20.60% |
| 2009-03-31 | 26.23% |
| 2008-12-31 | 24.17% |
| 2008-09-30 | 21.12% |
| 2008-06-30 | 17.65% |
| 2008-03-31 | 17.36% |
| 2007-12-31 | 14.81% |
| 2007-09-30 | 11.25% |
| 2007-06-30 | 10.14% |
| 2007-03-31 | 10.67% |
| 2006-12-31 | 10.22% |
| 2006-09-30 | 11.24% |
| 2006-06-30 | 8.39% |
| 2006-03-31 | 9.96% |
| 2005-12-31 | 10.58% |
| 2005-09-30 | 11.96% |
| 2005-06-30 | 14.31% |
| 2005-03-31 | 14.61% |
| 2004-12-31 | 9.91% |
| 2004-09-30 | 8.96% |
| 2004-06-30 | 8.30% |
| 2004-03-31 | 8.26% |
| 2003-12-31 | 8.72% |
| 2003-09-30 | 9.23% |
| 2003-06-30 | 13.88% |
| 2003-03-31 | 14.32% |
| 2002-12-31 | 14.89% |
| 2002-09-30 | 15.42% |
