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 38.59% is in line with its 5-year average of 37.34%, around the middle of its 5-year range (32.81%–43.09%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.50% above its 12-month average of 38.02%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
38.59%
DEBT TO ASSETS RATIO AVG TTM
38.02%
DEBT TO ASSETS RATIO AVG 3Y
38.99%
DEBT TO ASSETS RATIO AVG 5Y
37.34%
DEBT TO ASSETS RATIO AVG 10Y
35.22%
DEBT TO ASSETS RATIO AVG 15Y
29.80%
DEBT TO ASSETS RATIO AVG 20Y
28.12%
CURRENT VS TTM AVG
+1.50%
CURRENT VS 3Y AVG
-1.02%
CURRENT VS 5Y AVG
+3.35%
CURRENT VS 10Y AVG
+9.58%
CURRENT VS 15Y AVG
+29.52%
CURRENT VS 20Y AVG
+37.22%
SECTOR MEDIAN · HEALTHCARE
0.28%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+13682.39%
vs the sector median at left
Eli Lilly and Company
Market Cap
$1.06T
Debt to Assets Ratio
38.59%
TTM Avg
38.02%
3Y Avg
38.99%
5Y Avg
37.34%
Market Cap
$364.02B
Debt to Assets Ratio
0.24%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$224.09B
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Eli Lilly and Company (LLY) | $1.06T | 38.59% | 38.02% | 38.99% | 37.34% |
| Johnson & Johnson (JNJ)vs › | $648.55B | 0.24% | N/A | N/A | N/A |
| AbbVie Inc. (ABBV)vs › | $439.68B | 0.52% | N/A | N/A | N/A |
| Merck & Co., Inc. (MRK)vs › | $366.74B | 0.42% | N/A | N/A | N/A |
| UnitedHealth Group Incorporated (UNH)vs › | $364.02B | 0.24% | N/A | N/A | N/A |
| Roche Holding AG (RHHBY)vs › | $344.74B | 0.32% | N/A | N/A | N/A |
| AstraZeneca PLC (AZN)vs › | $248.20B | 0.28% | N/A | N/A | N/A |
| Thermo Fisher Scientific Inc. (TMO)vs › | $224.09B | 0.38% | N/A | N/A | N/A |
| Amgen Inc. (AMGN)vs › | $212.20B | 0.60% | N/A | N/A | N/A |
| Novo Nordisk A/S (NVO)vs › | $200.54B | 0.24% | N/A | N/A | N/A |
Debt/Assets
38.6%
Debt/Equity
1.62
Current Ratio
1.35
Interest Coverage
37.3x
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 | 38.59% |
| 2026-03-31 | 37.20% |
| 2025-12-31 | 37.79% |
| 2025-09-30 | 36.98% |
| 2025-06-30 | 39.54% |
| 2025-03-31 | 43.09% |
| 2024-12-31 | 42.74% |
| 2024-09-30 | 41.16% |
| 2024-06-30 | 40.20% |
| 2024-03-31 | 40.99% |
| 2023-12-31 | 39.41% |
| 2023-09-30 | 34.82% |
| 2023-06-30 | 34.33% |
| 2023-03-31 | 35.52% |
| 2022-12-31 | 32.81% |
| 2022-09-30 | 33.48% |
| 2022-06-30 | 35.73% |
| 2022-03-31 | 35.19% |
| 2021-12-31 | 34.60% |
| 2021-09-30 | 35.46% |
| 2021-06-30 | 34.54% |
| 2021-03-31 | 34.60% |
| 2020-12-31 | 35.59% |
| 2020-09-30 | 38.51% |
| 2020-06-30 | 38.91% |
| 2020-03-31 | 41.92% |
| 2019-12-31 | 40.23% |
| 2019-09-30 | 41.46% |
| 2019-06-30 | 42.13% |
| 2019-03-31 | 43.34% |
| 2018-12-31 | 23.45% |
| 2018-09-30 | 28.41% |
| 2018-06-30 | 28.85% |
| 2018-03-31 | 26.37% |
| 2017-12-31 | 30.34% |
| 2017-09-30 | 31.31% |
| 2017-06-30 | 30.07% |
| 2017-03-31 | 27.23% |
| 2016-12-31 | 26.56% |
| 2016-09-30 | 24.87% |
| 2016-06-30 | 25.58% |
| 2016-03-31 | 23.42% |
| 2015-12-31 | 22.43% |
| 2015-09-30 | 22.25% |
| 2015-06-30 | 22.20% |
| 2015-03-31 | 23.06% |
| 2014-12-31 | 21.58% |
| 2014-09-30 | 16.18% |
| 2014-06-30 | 15.17% |
| 2014-03-31 | 15.15% |
| 2013-12-31 | 14.79% |
| 2013-09-30 | 15.55% |
| 2013-06-30 | 15.99% |
| 2013-03-31 | 16.90% |
| 2012-12-31 | 16.08% |
| 2012-09-30 | 16.08% |
| 2012-06-30 | 17.32% |
| 2012-03-31 | 16.79% |
| 2011-12-31 | 20.76% |
| 2011-09-30 | 21.43% |
| 2011-06-30 | 20.53% |
| 2011-03-31 | 21.05% |
| 2010-12-31 | 22.34% |
| 2010-09-30 | 23.87% |
| 2010-06-30 | 24.85% |
| 2010-03-31 | 24.57% |
| 2009-12-31 | 24.26% |
| 2009-09-30 | 27.25% |
| 2009-06-30 | 28.68% |
| 2009-03-31 | 31.86% |
| 2008-12-31 | 35.81% |
| 2008-09-30 | 16.65% |
| 2008-06-30 | 16.63% |
| 2008-03-31 | 17.34% |
| 2007-12-31 | 18.69% |
| 2007-09-30 | 19.92% |
| 2007-06-30 | 20.94% |
| 2007-03-31 | 22.58% |
| 2006-12-31 | 16.92% |
| 2006-09-30 | 20.44% |
| 2006-06-30 | 25.85% |
| 2006-03-31 | 26.29% |
| 2005-12-31 | 26.44% |
| 2005-09-30 | 26.25% |
| 2005-06-30 | 19.97% |
| 2005-03-31 | 19.75% |
| 2004-12-31 | 26.19% |
| 2004-09-30 | 25.55% |
| 2004-06-30 | 22.53% |
| 2004-03-31 | 23.71% |
| 2003-12-31 | 22.53% |
| 2003-09-30 | 25.00% |
| 2003-06-30 | 25.05% |
| 2003-03-31 | 25.23% |
| 2002-12-31 | 25.75% |
| 2002-09-30 | 27.73% |
