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 20.17% is 62% above its 5-year average of 12.44%, near the high end of its 5-year range (0.81%–23.56%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.38% above its 12-month average of 19.70%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 20.17%.
DEBT TO ASSETS RATIO
20.17%
DEBT TO ASSETS RATIO AVG TTM
19.70%
DEBT TO ASSETS RATIO AVG 3Y
15.29%
DEBT TO ASSETS RATIO AVG 5Y
12.44%
DEBT TO ASSETS RATIO AVG 10Y
9.25%
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+2.38%
CURRENT VS 3Y AVG
+31.94%
CURRENT VS 5Y AVG
+62.12%
CURRENT VS 10Y AVG
+118.13%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
0.05%
median of 509 covered companies
CURRENT VS SECTOR MEDIAN
+40244.80%
vs the sector median at left
Merchants Bancorp
Market Cap
$2.53B
Debt to Assets Ratio
20.17%
TTM Avg
19.70%
3Y Avg
15.29%
5Y Avg
12.44%
Market Cap
$2.53B
Debt to Assets Ratio
0.10%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.51B
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.50B
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.58B
Debt to Assets Ratio
0.44%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Merchants Bancorp (MBINM) | $2.53B | 20.17% | 19.70% | 15.29% | 12.44% |
| Columbia Financial, Inc. (CLBK)vs › | $2.53B | 0.10% | N/A | N/A | N/A |
| First Bancorp (FBNC)vs › | $2.52B | 0.01% | N/A | N/A | N/A |
| First Merchants Corporation (FRME)vs › | $2.51B | 0.08% | N/A | N/A | N/A |
| First Busey Corporation (BUSE)vs › | $2.50B | 0.03% | N/A | N/A | N/A |
| The Baldwin Insurance Group, Inc. (BWIN)vs › | $2.58B | 0.44% | N/A | N/A | N/A |
| NBT Bancorp Inc. (NBTB)vs › | $2.66B | 0.03% | N/A | N/A | N/A |
| Merchants Bancorp (MBINL)vs › | $2.39B | 0.20% | N/A | N/A | N/A |
| Merchants Bancorp (MBINN)vs › | $2.38B | 0.20% | N/A | N/A | N/A |
| Nuveen Quality Municipal Income Fund (NAD)vs › | $2.35B | 0.42% | N/A | N/A | N/A |
Debt/Assets
20.2%
Debt/Equity
1.79
Current ratio and interest coverage is unavailable for Merchants Bancorp: applicability has not been verified for this financial-services business. The current sector-based policy withholds this model until its treatment of debt, cash and cash flows is confirmed for the company.
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 | 20.17% |
| 2026-03-31 | 23.56% |
| 2025-12-31 | 19.76% |
| 2025-09-30 | 15.00% |
| 2025-06-30 | 20.03% |
| 2025-03-31 | 21.29% |
| 2024-12-31 | 23.06% |
| 2024-09-30 | 19.13% |
| 2024-06-30 | 6.36% |
| 2024-03-31 | 10.02% |
| 2023-12-31 | 5.69% |
| 2023-09-30 | 8.75% |
| 2023-06-30 | 5.93% |
| 2023-03-31 | 7.26% |
| 2022-12-31 | 7.45% |
| 2022-09-30 | 0.81% |
| 2022-06-30 | 13.00% |
| 2022-03-31 | 9.12% |
| 2021-12-31 | 10.41% |
| 2021-09-30 | 7.39% |
| 2021-06-30 | 7.10% |
| 2021-03-31 | 5.62% |
| 2020-12-31 | 12.81% |
| 2020-09-30 | 16.98% |
| 2020-06-30 | 18.66% |
| 2020-03-31 | 5.62% |
| 2019-12-31 | 2.85% |
| 2019-09-30 | 2.52% |
| 2019-06-30 | 1.18% |
| 2019-03-31 | 8.50% |
| 2018-12-31 | 5.03% |
| 2018-09-30 | 1.77% |
| 2018-06-30 | 5.00% |
| 2018-03-31 | 5.42% |
| 2017-12-31 | 1.67% |
| 2017-09-30 | 1.75% |
| 2017-06-30 | 1.83% |
| 2017-03-31 | 0.06% |
| 2016-12-31 | 2.10% |
